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v3.26.1

Property and Equipment, Net (Q1) (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Dec. 31, 2025
Property and Equipment, Net |  |
Schedule of property and equipment, net |
(in thousands) |  |  | March 31, 2026 |  |  | December 31, 2025
Office equipment |  |  | $55 |  |  | $107
Computer hardware and software |  |  | 959 |  |  | 988
Furniture and fixtures |  |  | 306 |  |  | 419
Leasehold improvements |  |  | 1,564 |  |  | 6,510
Total property and equipment |  |  | 2,884 |  |  | 8,024
Accumulated depreciation and amortization |  |  | (2,058) |  |  | (3,917)
|  |  | $826 |  |  | $4,107
(in thousands) |  |  | December 31, 2025 |  |  | December 31, 2024
Laboratory equipment |  |  | $— |  |  | $10,020
Office equipment |  |  | 107 |  |  | 119
Computer hardware and software |  |  | 988 |  |  | 1,111
Furniture and fixtures |  |  | 419 |  |  | 419
Leasehold improvements |  |  | 6,510 |  |  | 7,386
Total property and equipment |  |  | 8,024 |  |  | 19,055
Accumulated depreciation and amortization |  |  | (3,917) |  |  | (9,724)
|  |  | $4,107 |  |  | $9,331

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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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