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v3.25.4

Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Note 8. Property and Equipment, Net Property and equipment, net consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
(in thousands) | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Laboratory machinery and equipment | ​ | $ | 33,273 | ​ | $ | 31,092
Office and computer equipment | ​ |  | 2,054 | ​ |  | 1,595
Leasehold improvements | ​ |  | 23,343 | ​ |  | 24,390
Construction in progress | ​ | ​ | 39 | ​ | ​ | 1,971
Total property and equipment | ​ |  | 58,709 | ​ |  | 59,048
Less: accumulated depreciation | ​ |  | (29,843) | ​ |  | (20,883)
Property and equipment, net | ​ | $ | 28,866 | ​ | $ | 38,165
Depreciation expense was $10.1 million and $8.2 million for the years ended December 31, 2025 and 2024, respectively.

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