v3.26.1
Balance Sheet Components
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following:
As of June 30, 2026As of December 31, 2025
Building and land$14,078 $14,078 
Leasehold improvements
2,697 2,697 
Computer hardware and software854 854 
Office and lab equipment12,600 12,437 
Furniture and fixtures2,024 2,024 
$32,253 $32,090 
Accumulated depreciation(17,455)(16,126)
Property and equipment, net$15,089 $15,964 
Depreciation expense was $621 and $1,329 for the three and six months ended June 30, 2026, respectively, and $1,060 and $2,075 for the three and six months ended June 30, 2025, respectively.
Other Non-current Assets
Other non-current assets consisted of the following:
As of June 30, 2026As of December 31, 2025
Operating lease right-of-use assets$36,800 $45,058 
Other2,501 2,306 
Other non-current assets$39,301 $47,364 
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
As of June 30, 2026As of December 31, 2025
Accrued development milestones$3,500 $375 
Accrued employee compensation and benefits8,230 16,781 
Accrued clinical trial costs24,664 30,437 
Operating lease liabilities - current portion
4,668 5,756 
2025 Additional Consideration True-Up liability
— 42,710 
Other accrued expenses and other current liabilities9,482 8,232 
 Accrued expenses and other current liabilities$50,544 $104,291