| Condensed Consolidated Balance Sheet and Statement of Operations and Comprehensive Income (Loss) Components |
Condensed Consolidated Balance Sheet and Statement of Operations and Comprehensive Income (Loss) Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following: | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | | | | (amounts in thousands) | | Prepaid expenses | $ | 23,284 | | | $ | 19,586 | | | Other current assets | 4,910 | | | 2,355 | | | Total prepaid expenses and other current assets | $ | 28,194 | | | $ | 21,941 | |
Property and Equipment, Net Property and equipment, net consist of the following: | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | | | | (amounts in thousands) | | Computer equipment and software | $ | 71,653 | | | $ | 76,430 | | | Capitalized software | 48,355 | | | 27,898 | | | Laboratory equipment | 141,441 | | | 106,227 | | | Furniture and fixtures | 8,843 | | | 8,368 | | | Leasehold improvements/Leased buildings | 67,806 | | | 63,812 | | | Aircraft and vehicles | 21,769 | | | 21,415 | | | Total property and equipment | 359,867 | | | 304,150 | | | Less: accumulated depreciation and amortization | (257,572) | | | (240,980) | | | Property and equipment, net | $ | 102,295 | | | $ | 63,170 | |
Total depreciation and amortization expense was $6.6 million and $4.9 million for the three months ended September 30, 2026 and 2025, respectively, and $18.2 million and $18.3 million for the nine months ended September 30, 2026 and 2025, respectively. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following: | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | | | | (amounts in thousands) | | Trade accruals | $ | 13,159 | | | $ | 6,887 | | | Accrued payroll and employee medical | 18,040 | | | 11,104 | | | Accrued bonus | 23,676 | | | 31,487 | | | Current portion of early exercise stock option liability | 53 | | | 327 | | | Contract liability | 18,374 | | | 24,492 | | | Current portion of operating lease liabilities | 6,287 | | | 6,359 | | | | | | | Other accrued expenses | 15,432 | | | 7,114 | | | Total accrued expenses and other current liabilities | $ | 95,021 | | | $ | 87,770 | |
Other Long-Term Liabilities Other long-term liabilities consist of the following: | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | | | | (amounts in thousands) | | Long-term operating lease liabilities, net of current portion | $ | 63,466 | | | $ | 42,335 | | | Long-term portion of early exercise stock option liability | — | | | 53 | | | Long-term contract liability | 552 | | | — | | | Total other long-term liabilities | $ | 64,018 | | | $ | 42,388 | |
Other Income (Expense), Net Other income (expense), net, consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | (amounts in thousands) | | Loss on debt extinguishment | $ | — | | | $ | — | | | $ | (25,232) | | | $ | (17,930) | | | Other | 475 | | | (89) | | | 625 | | | (517) | | | Total other income (expense), net | $ | 475 | | | $ | (89) | | | $ | (24,607) | | | $ | (18,447) | |
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