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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

Property and equipment consists of the following as of December 31, 2025 and 2024 (in thousands):

 

 

 

December 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Lab and office equipment under finance right-of-use asset

 

$

6,543

 

 

$

7,773

 

Lab equipment

 

 

11,388

 

 

 

10,526

 

Computer equipment

 

 

966

 

 

 

966

 

Furniture & fixtures

 

 

3,414

 

 

 

3,255

 

Leasehold improvements

 

 

42,991

 

 

 

44,010

 

Total property and equipment

 

 

65,302

 

 

 

66,530

 

Less accumulated depreciation

 

 

(22,127

)

 

 

(16,073

)

Property and equipment, net

 

$

43,175

 

 

$

50,457