v3.26.1
Balance Sheet Components
6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

4. Balance sheet components

Property and equipment, net

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

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Laboratory equipment

 

 

6,275

 

 

$

5,251

 

Computer equipment

 

 

946

 

 

 

798

 

Furniture & fixtures

 

 

570

 

 

 

507

 

Leasehold improvements

 

 

649

 

 

 

396

 

Office equipment

 

 

243

 

 

 

184

 

Construction in progress

 

 

833

 

 

 

370

 

Property and equipment, gross

 

$

9,516

 

 

$

7,506

 

Less: accumulated depreciation

 

 

(1,948

)

 

 

(1,013

)

Property and equipment, net

 

$

7,568

 

 

$

6,493

 

 

Depreciation expense was $0.4 million, $0.9 million for the three and six months ended June 30, 2026, and $0.1 million and $0.2 million for the three and six months ended June 30, 2025, respectively.

Accrued liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Accrued clinical trial expenses

 

 

12,995

 

 

$

9,154

 

Accrued personnel and related expenses

 

 

8,197

 

 

 

9,128

 

Accrued manufacturing expenses

 

 

917

 

 

 

2,355

 

Other

 

 

4,058

 

 

 

3,266

 

Total accrued expenses and other current liabilities

 

$

26,167

 

 

$

23,903