Property and equipment, net

6 Months Ended

Jun. 30, 2026

5. Property and equipment, net

Property and equipment, net, consist of the following (in thousands):


	June 30, 2026			December 31, 2025
Laboratory equipment	$	33,171		$	27,022
Computer hardware and software		1,388			1,388
Furniture and fixtures		1,530			1,402
Leasehold improvements		24,984			23,669
Construction in process		411			118
Total property and equipment, at cost	$	61,484		$	53,599
Less: accumulated depreciation		(31,552	)		(27,613	)
Property and equipment, net	$	29,932		$	25,986

The following table summarizes depreciation expense incurred (in thousands):