v3.26.1
Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property and Equipment, Net

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

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Lab equipment

 

$

26,006

 

 

$

25,909

 

Engineering equipment

 

 

14,843

 

 

 

14,843

 

Leasehold improvements

 

 

120,588

 

 

 

120,588

 

Motor vehicles

 

 

 

 

 

101

 

Furniture, fittings & office equipment

 

 

5,150

 

 

 

5,150

 

Computer equipment

 

 

13,183

 

 

 

12,970

 

Software

 

 

5,775

 

 

 

5,627

 

Construction in progress

 

 

740

 

 

 

624

 

 

 

186,285

 

 

 

185,812

 

Less: accumulated depreciation

 

 

(53,214

)

 

 

(42,914

)

Total property and equipment, net

 

$

133,071

 

 

$

142,898

 

 

 

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Accrued compensation expenses

 

$

15,712

 

 

$

24,868

 

Accrued clinical expenses

 

 

12,631

 

 

 

6,518

 

Accrued expenses related to purchase of IPR&D

 

 

 

 

 

102

 

Accrued vendor expenses

 

 

10,739

 

 

 

11,300

 

Current portion of early exercised options and
   restricted common stock liability

 

 

 

 

 

35

 

Other accrued expenses

 

 

205

 

 

 

1,475

 

Total accrued expenses and other current liabilities

 

$

39,287

 

 

$

44,298