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Property and Equipment, Net
 12 Months Ended
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.