v3.26.1
PROPERTY AND EQUIPMENT — NET
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT — NET
NOTE. 4 PROPERTY AND EQUIPMENT—NET
Property and equipment—net is composed of the following (in thousands):
June 30,December 31,
20262025
Machinery and equipment$119,319 $109,533 
Building improvements97,440 23,675 
Construction in progress27,602 72,275 
244,361 205,483 
Less—Accumulated depreciation(93,750)(84,518)
$150,611 $120,965 
Depreciation expense was $5.3 million and $4.6 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense was $10.0 million and $9.0 million for the six months ended June 30, 2026 and 2025, respectively. Depreciation is included within Cost of revenue, Research and development expenses—net, Sales and marketing expenses, and General and administrative expenses in the Unaudited Condensed Consolidated Statements of Operations.