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 components of property and equipment, net as of September 30, 2026 and December 31, 2025 were as follows (in thousands):
September 30, 2026December 31, 2025
Leasehold improvements$11,484 $10,499 
Manufacturing and lab equipment6,365 5,982 
Machinery and equipment846 589 
Construction in progress196 — 
Total property and equipment, cost18,891 17,070 
Less: Accumulated depreciation(3,958)(1,474)
Property and equipment, net$14,933 $15,596 
Depreciation expense for the three months ended September 30, 2026 and 2025 was $0.9 million and less than $0.1 million, respectively, and was $2.5 million and $0.1 million for the nine months ended September 30, 2026 and 2025, respectively.