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Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
6)
Property and Equipment, Net

Property and equipment, net consists of the following:

 

 

 

 

December 31,

 

 

 

Useful life

 

2025

 

 

2024

 

 

 

(in years)

 

 

 

 

 

 

Production tooling

 

4

 

$

26,194

 

 

$

21,256

 

Lab equipment

 

4

 

 

17,446

 

 

 

14,484

 

Office equipment

 

3 - 7

 

 

12,758

 

 

 

10,162

 

Leasehold improvements

 

*

 

 

2,308

 

 

 

1,921

 

Construction in progress

 

 

 

 

15,010

 

 

 

7,597

 

Property and equipment, gross

 

 

 

 

73,716

 

 

 

55,420

 

Less: Accumulated depreciation

 

 

 

 

30,367

 

 

 

21,139

 

Property and equipment, net

 

 

 

$

43,349

 

 

$

34,281

 

 

* Leasehold improvements are amortized over the shorter of the remaining lease term or estimated useful life of the leasehold improvement.

The Company recognized depreciation expense of $8,380, $6,533, and $5,367 for the years ended December 31, 2025, 2024 and 2023, respectively. The Company recorded $376 and $116 of impairment charges related to certain property and equipment for the years ended December 31, 2025 and 2024 as part of its 2025 Restructuring Plan and 2024 Restructuring Plan, respectively.

Fixed assets not yet in service, or construction in progress, consist primarily of capitalized internal-use software and certain tooling and other equipment that are not yet ready to be placed into service.