v3.26.1
Property and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of assets with an estimated useful life greater than one year and are reported net of accumulated depreciation. The reported values are periodically assessed for impairment, and were as follows (in thousands):
June 30,
2026
December 31,
2025
Equipment and related$9,837 $2,118 
Leasehold improvements5,238 1,653 
Furniture and fixtures3,286 1,275 
Construction in progress3,483 4,241 
Accumulated depreciation(2,754)(1,490)
Net carrying value$19,090 $7,797 
Depreciation expense totaled $1.3 million and $0.3 million for the six months ended June 30, 2026 and 2025, respectively.