v3.26.3
Property and Equipment, Net
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and equipment, net Property and equipment, net
The following table shows the components of property and equipment, net (in thousands):
September 30,
2026
December 31,
2025
Laboratory equipment$12,559 $11,877 
Leasehold improvements7,555 3,518 
Building and land8,258 7,922 
Construction in progress753 1,417 
Office and computer equipment4,132 2,950 
Furniture and fixtures2,724 2,459 
Total property and equipment35,981 30,143 
Less: accumulated depreciation(15,367)(12,134)
Property and equipment, net$20,614 $18,009 
Total depreciation expense for the three and nine months ended September 30, 2026 was $1.2 million and $3.4 million, respectively. Total depreciation expense for the three and nine months ended September 30, 2025 was $1.0 million and $2.9 million, respectively.