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Consolidated Balance Sheet Components
12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Consolidated Balance Sheet Components Consolidated Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consist of the following:
As of December 31,
20242023
(in thousands)
Machinery and equipment
$124,567 $118,117 
Leasehold improvements
103,569 102,298 
Computer hardware
36,497 34,417 
Construction in progress
28,136 7,508 
Furniture and fixtures
7,874 7,999 
Computer software
1,695 2,065 
Property and equipment, gross
302,338 272,404 
Less: accumulated depreciation
(165,525)(127,308)
Property and equipment, net
$136,813 $145,096 
Depreciation expense related to property and equipment was $40.1 million, $40.0 million and $33.4 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Accrued Expenses
Accrued expenses consist of the following:
As of December 31,
20242023
(in thousands)
Operating lease liabilities
$29,213 $27,950 
Other
39,132 35,525 
Total accrued expenses
$68,345 $63,475