v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of property and equipment, useful life
The estimated useful lives of the major classes of property and equipment are generally as follows:
Useful Life (in Years)
Laboratory equipment
3 to 5
Computer hardware3
Computer software3
Furniture and fixtures5
Leasehold improvementsLease Term
The following tables present financial information of certain consolidated balance sheets components:
As of December 31,
(in thousands)
20252024
Property and equipment, net
Laboratory equipment
$54,113 $53,550 
Computer hardware
3,993 4,682 
Furniture and fixtures
2,515 2,577 
Computer software
1,072 1,072 
Leasehold improvements
59,769 59,764 
Construction-in-process804 1,296 
Property and equipment, gross
122,266 122,941 
Less accumulated depreciation and amortization
(70,453)(53,880)
Total property and equipment, net$51,813 $69,061