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Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5. Property and Equipment

 

The following table presents property and equipment details as of the dates presented (in thousands):

 

 

 

 

 

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Machinery and equipment

 

$

82,701

 

 

$

72,439

 

Computer equipment and software

 

 

3,730

 

 

 

3,335

 

Furniture and fixtures

 

 

1,329

 

 

 

1,369

 

Equipment acquired under finance leases

 

 

1,727

 

 

 

1,727

 

Leasehold improvements

 

 

14,410

 

 

 

13,690

 

Total property and equipment, gross

 

 

103,897

 

 

 

92,560

 

Less: Accumulated depreciation

 

 

(53,607

)

 

 

(41,950

)

Total property and equipment, net

 

$

50,290

 

 

$

50,610

 

 

Depreciation expense, which includes amortization of finance lease assets, was $13.0 million, $10.7 million and $8.7 million for the years ended December 31, 2025, 2024 and 2023, respectively. We did not acquire any property and equipment under finance leases for the years ended December 31, 2025 or 2024.