v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

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

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Laboratory equipment

 

$

14,348

 

 

$

13,830

 

Leasehold improvements

 

 

4,692

 

 

 

4,563

 

Computer equipment

 

 

609

 

 

 

307

 

Furniture and fixtures

 

 

745

 

 

 

697

 

Assets not yet in service

 

 

289

 

 

 

131

 

Property and equipment

 

 

20,683

 

 

 

19,528

 

Less: accumulated depreciation and amortization

 

 

(13,965

)

 

 

(12,813

)

Property and equipment, net

 

$

6,718

 

 

$

6,715

 

 

Included in laboratory equipment are finance lease right-of-use assets with a cost basis of $2.9 million as of June 30, 2026 and December 31, 2025, and accumulated amortization expense of $0.9 million and $0.7 million as of June 30, 2026 and December 31, 2025, respectively.

During each of the three months ended June 30, 2026 and 2025, depreciation and amortization expense amounted to $0.6 million, which includes $0.2 million of finance lease right-of-use asset amortization in each period. During the six months ended June 30, 2026 and 2025, depreciation and amortization expense amounted to $1.2 million and $1.3 million, respectively, which includes $0.3 million of finance lease right-of-use asset amortization in each period.