v3.26.3
Other Balance Sheet Components
 9 Months Ended
Sep. 30, 2026
Prepaid Expense and Other Assets, Current [Abstract]  
Other Balance Sheet Components Other Balance Sheet Components
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Prepaid research and development
$1,255 $1,504 
Software and subscriptions expense423 402 
Research and development tax credit receivable217 — 
Prepaid lease costs124 270 
Prepaid insurance costs26 559 
Unbilled receivable— 155 
Other240 342 
Total prepaid expenses and other current assets$2,285 $3,232 
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Leasehold improvements$23 $4,518 
Laboratory equipment4,133 4,106 
Computer and software503 938 
Furniture and fixtures94 524 
Construction in progress101 — 
Total property and equipment4,854 10,086 
Less: accumulated depreciation and amortization(3,179)(7,747)
Total property and equipment, net$1,675 $2,339 
The Company incurred depreciation and amortization expense of $0.5 million and $0.4 million for the three months ended September 30, 2026 and 2025, respectively, and $1.5 million and $1.3 million for the nine months ended September 30, 2026 and 2025, respectively. For each of the three and nine months ended September 30, 2026 and 2025, depreciation and amortization expense included nominal finance lease right-of-use (“ROU”) asset amortization.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
September 30,
2026		December 31,
2025
External R&D expenses3,601 1,828 
Employee compensation and benefits2,553 2,642 
Professional fees652 1,073 
Other173 116 
Total accrued expenses and other current liabilities$6,979 $5,659