v3.26.1
Fixed Assets, Net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Fixed Assets, Net
7. Fixed Assets, Net
Fixed assets are stated at cost and depreciated using the straight-line method, based on useful lives as follows (in thousands):
Estimated
Useful Life (years)
As of
Asset DescriptionJune 30, 2026December 31, 2025
Building39$10,437 $10,437 
LandNA1,963 1,963 
Lab equipment743,646 39,127 
Furniture and fixtures76,428 6,428 
Computer hardware and software
3-5
8,697 8,425 
Office equipment7171 171 
Manufacturing equipment71,336 1,336 
Leasehold improvements
2-10
55,209 53,400 
Construction in progress46,027 42,410 
173,914 163,697 
Less: accumulated depreciation(66,695)(60,755)
$107,219 $102,942