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v3.25.2

Property and Equipment, Net (Tables) | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
Schedule of Property and Equipment | Property and equipment consist of the following (in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Leasehold improvements |  | $ | 101,711 |  |  | $ | 101,195 |
Lab equipment |  |  | 74,763 |  |  |  | 71,788 |
Furniture and fixtures |  |  | 4,836 |  |  |  | 4,836 |
Computer equipment |  |  | 3,170 |  |  |  | 3,170 |
Construction in process |  |  | 7,517 |  |  |  | 2,530 |
Total property and equipment |  |  | 191,997 |  |  |  | 183,519 |
Less accumulated depreciation |  |  | (83,173 | ) |  |  | (72,107 | )
Property and equipment, net |  | $ | 108,824 |  |  | $ | 111,412 |
Summary of Depreciation Expense Incurred | The following table summarizes depreciation expense incurred (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Depreciation expense |  | $ | 5,538 |  |  | $ | 5,576 |  |  | $ | 11,066 |  |  | $ | 11,007 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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