Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 10. Property and Equipment

Property and equipment consisted of the following (in thousands):

	As of December 31,
	2025		2024
Laboratory and manufacturing equipment	$	20,211	$	14,648
Demo inventory	2,650		—
Furniture and fixtures	7,332		1,999
Computers and software	3,174		6,036
Leasehold improvements	16,132		13,291
Total cost	49,499		35,974
Less: accumulated depreciation	(25,827)		(18,824)
Property and equipment, net	$	23,672	$	17,150

The Company incurred depreciation expense of $7.0 million, $4.8 million, and $4.7 million for the years ended December 31, 2025, 2024, and 2023, respectively. Substantially all of the Company’s property and equipment is located in North America.

There were no material disposals during the years ended December 31, 2025, 2024, and 2023. For the years ended December 31, 2025, and 2024 the Company did not record any impairments related to property and equipment. Refer to Note 15 - Leases for discussion related to the impairment of leasehold improvements in 2023.

As of December 31, 2025 and 2024, total gross capitalized software development costs were $4.4 million and $4.3 million, respectively. Depreciation of capitalized software costs was $1.2 million for the year ended December 31, 2025, and not material for the years ended December 31, 2024, and 2023.