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 table presents the components of the Company’s property and equipment, net ($ in thousands):
June 30, 2026December 31, 2025
Office equipment1,217 1,201 
Electronic equipment12,441 10,964 
Vehicle206 200 
Laboratory equipment20,392 20,040 
Manufacturing equipment18,562 17,948 
Leasehold improvements14,441 14,049 
Building25,383 24,596 
Construction in progress952 554 
93,594 89,552 
Less: accumulated depreciation(47,163)(42,163)
Property and equipment, net46,431 47,389 
Depreciation expense was $2.4 million and $4.7 million in the three and six months ended June 30, 2026, respectively, and $2.3 million and $4.3 million in the three and six months ended June 30, 2025, respectively.