v3.26.1
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
The following is a summary of property and equipment, net (in thousands):
June 30,
2026
December 31,
2025
Robot assets$50,098 $47,221 
Construction in progress8,282 3,357 
Tooling2,350 2,111 
Office equipment611 375 
Furniture and fixtures655 — 
Leasehold improvement618 414 
Total62,614 53,478 
Less: accumulated depreciation(12,107)(6,465)
Property and equipment, net$50,507 $47,013 
The Company recorded depreciation expense of $3.7 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively. The Company recorded depreciation expense of $7.1 million and $1.3 million for the six months ended June 30, 2026 and 2025, respectively.
As of June 30, 2026, property and equipment included a $4.4 million reduction related to tariff refunds recognized during the period as a result of the U.S. Supreme Court ruling under the International Emergency Economic Powers Act (“IEEPA”). As of June 30, 2026, $3.6 million is reflected in robot assets and the remaining $0.8 million is reflected in construction in progress. Refer to Note 12. Commitments and Contingencies for further information.