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Balance Sheet Components
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following:
As of September 30, 2025As of December 31, 2024
Building and land$14,078 $14,078 
Leasehold improvements
2,694 824 
Computer hardware and software854 875 
Office and lab equipment13,252 11,620 
Furniture and fixtures2,024 1,811 
$32,902 $29,208 
Accumulated depreciation(15,386)(12,206)
17,516 17,002 
Equipment not yet in service5 318 
Property and equipment, net$17,521 $17,320 
Depreciation expense was $1,105 and $3,180 for the three and nine months ended September 30, 2025, respectively, and $1,000 and $2,918 for the three and nine months ended September 30, 2024, respectively.
Equipment not yet in service primarily consisted of lab equipment that had not been placed into service as of September 30, 2025 and December 31, 2024.
Other Non-current Assets
Other non-current assets consisted of the following:
As of September 30, 2025As of December 31, 2024
Operating lease right-of-use assets$45,201 $36,391 
Other2,996 3,134 
Other non-current assets$48,197 $39,525 
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
As of September 30, 2025As of December 31, 2024
Accrued employee compensation and benefits$18,197 $154 
Accrued clinical trial costs36,922 38,432 
Operating lease liabilities - current portion
5,512 3,802 
Other accrued expenses and other current liabilities12,891 9,099 
 Accrued expenses and other current liabilities$73,522 $51,487