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Property and Equipment, Net

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following at September 30, 2025 and December 31, 2024 (in thousands):


	September 30, 2025		December 31, 2024
Laboratory equipment	$	15,760	$	15,686
Furniture and fixtures	2,223		2,303
Computer equipment	409		431
Leasehold improvements	187		1,932
Property and equipment, gross	18,579		20,352
Less: accumulated depreciation	(10,173)		(9,424)
Property and equipment, net	$	8,406	$	10,928

Depreciation expense for the three months ended September 30, 2025 and 2024 was $1.2 million and $0.9 million, respectively. Depreciation expense for the nine months ended September 30, 2025 and 2024 was $3.2 million and $2.8 million, respectively.