v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

The components of property and equipment, net as of June 30, 2026 and December 31, 2025 were as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Leasehold improvements

 

$

10,707

 

 

$

10,499

 

Manufacturing and lab equipment

 

 

6,260

 

 

 

5,982

 

Machinery and equipment

 

 

795

 

 

 

589

 

Construction in progress

 

 

73

 

 

 

—

 

Total property and equipment, cost

 

 

17,835

 

 

 

17,070

 

Less: Accumulated depreciation

 

 

(3,128

)

 

 

(1,474

)

Property and equipment, net

 

$

14,707

 

 

$

15,596

 

Depreciation expense for the three months ended June 30, 2026 and 2025 was $0.8 million and less than $0.1 million, respectively, and was $1.7 million and $0.1 million for the six months ended June 30, 2026 and 2025, respectively.