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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | 6. Property and Equipment, Net Property and equipment consist of the following (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Lab equipment |  | $ | 16,033 |  |  | $ | 11,502 |
Leasehold improvements |  |  | 38,373 |  |  |  | 27,153 |
Lab equipment under finance leases |  |  | 230 |  |  |  | 714 |
Computer equipment |  |  | 906 |  |  |  | 661 |
Furniture and fixtures |  |  | 158 |  |  |  | 159 |
Construction in progress |  |  | 200 |  |  |  | 7,792 |
Property and equipment, gross |  |  | 55,900 |  |  |  | 47,981 |
Less: accumulated depreciation and amortization |  |  | (9,444 | ) |  |  | (5,253 | )
Property and equipment, net |  | $ | 46,456 |  |  | $ | 42,728 |
Depreciation and amortization expense was $5.2 million, $2.0 million and $1.3 million for the years ended December 31, 2024, 2023 and 2022, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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