Balance Sheet Components

3 Months Ended

Mar. 31, 2026

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Property and Equipment, Net

Property and equipment, net is comprised of the following (in thousands):

	March 31, 2026			December 31, 2025
Leasehold improvements	$	69,533		$	66,487
Furniture and fixtures		668			668
Research equipment		18,380			17,576
Computers and software		388			373
Construction in progress		6,739			10,568
Total property and equipment, gross		95,708			95,672
Less accumulated depreciation and amortization		(31,291	)		(28,951	)
Total property and equipment, net	$	64,417		$	66,721

Depreciation and amortization expense was $2.3 million for each of the three months ended March 31, 2026 and 2025.

Accrued and Other Current Liabilities

Accrued and other current liabilities are comprised of the following (in thousands):

	March 31, 2026		December 31, 2025
Accrued compensation	$	2,980	$	6,065
Accrued research and development costs		5,669		6,443
Accrued property and equipment		14		—
Other accrued and current liabilities		877		780
Total accrued and other liabilities	$	9,540	$	13,288