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
Property and equipment, net consisted of the following (in thousands):
June 30,
December 31,
20262025
Lab equipment
$54,776 $55,586 
Office equipment
6,683 6,883 
Furniture and fixtures
2,621 2,651 
Leasehold improvements
32,198 15,762 
Assets under construction
12,057 27,075 
Less: accumulated depreciation
(47,812)(44,394)
Total property and equipment, net
$60,523 $63,563 
Depreciation expense for the three months ended June 30, 2026 and 2025 was $2.2 million and $2.1 million, respectively, and for the six months ended June 30, 2026 and 2025 was $4.4 million and $4.1 million, respectively.