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Property and equipment, net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and equipment, net Property and equipment, net
Property and equipment, net consisted of the following:
December 31,
20242025
Land$53,405 $53,405 
Building and improvements175,805 193,160 
Equipment84,288 102,935 
Operating lease right-of-use assets (Note 8)66,649 136,117 
Property and equipment380,147 485,617 
Less: accumulated depreciation(39,718)(57,614)
Property and equipment, net$340,429 $428,003 
As of December 31, 2024 and December 31, 2025, property and equipment includes leasehold improvements and construction in progress in the amount of $103.2 million and $1.3 million, respectively, and construction deposits of $14.4 million and $2.2 million, respectively, that have not commenced depreciation. The decrease in construction in progress as of December 31, 2025 reflects the completion of our manufacturing facility which is now ready for its intended use and resulted in a transfer of costs to building and improvements and equipment. Depreciation expense on property and equipment for the years ended December 31, 2023, 2024 and 2025 was $12.8 million, $12.5 million and $18.4 million, respectively.