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Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, net

Property and equipment, net consisted of the following (in thousands):

 

 

 

Useful life
(in years)

 

June 30,
2025

 

 

December 31,
2024

 

Leasehold improvements

 

Lesser of useful life or lease term

 

$

28,422

 

 

$

28,228

 

Laboratory equipment

 

3

 

 

13,700

 

 

 

13,859

 

Furniture and fixtures

 

3

 

 

802

 

 

 

951

 

Construction in progress

 

 

 

344

 

 

 

198

 

Computer equipment

 

3

 

 

198

 

 

 

192

 

Software

 

3

 

 

425

 

 

 

411

 

 

 

 

 

 

43,891

 

 

 

43,839

 

Less: Accumulated depreciation and amortization

 

 

 

 

(24,342

)

 

 

(21,315

)

Property and equipment, net

 

 

 

$

19,549

 

 

$

22,524

 

 

Depreciation and amortization expense was $1.6 million for both the three months ended June 30, 2025 and 2024. Depreciation and amortization expense was $3.3 million for both the six months ended June 30, 2025 and 2024.