Balance Sheet Accounts (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Property, Plant and Equipment |
The following table summarizes the Company’s major classes of property and equipment: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (in thousands) | | Lab equipment | $ | 43,954 | | | $ | 43,749 | | | Computer, software and office equipment | 2,064 | | | 2,003 | | | Furniture and fixtures | 128 | | | 128 | | | Leasehold improvements | 52,492 | | | 52,270 | | | Construction in progress | 7,168 | | | 6,630 | | | Total gross carrying amount | 105,806 | | | 104,780 | | | Less: accumulated depreciation and amortization | (55,793) | | | (51,472) | | | Property and equipment, net | $ | 50,013 | | | $ | 53,308 | |
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| Intangible Asset, Finite-Lived |
The following table summarizes the Company’s patents, licenses, and other intangible assets: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (in thousands) | | Patents | $ | 10,826 | | | $ | 10,784 | | | Licenses and other intangible assets | — | | | 972 | | | Total finite-lived assets | 10,826 | | | 11,756 | | | Indefinite-lived assets | 3,057 | | | 4,147 | | | Total gross carrying amount | 13,883 | | | 15,903 | | | Accumulated amortization | (7,359) | | | (7,518) | | | Total patents, licenses, and other intangible assets, net | $ | 6,524 | | | $ | 8,385 | |
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| Intangible Asset, Indefinite-Lived |
The following table summarizes the Company’s patents, licenses, and other intangible assets: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (in thousands) | | Patents | $ | 10,826 | | | $ | 10,784 | | | Licenses and other intangible assets | — | | | 972 | | | Total finite-lived assets | 10,826 | | | 11,756 | | | Indefinite-lived assets | 3,057 | | | 4,147 | | | Total gross carrying amount | 13,883 | | | 15,903 | | | Accumulated amortization | (7,359) | | | (7,518) | | | Total patents, licenses, and other intangible assets, net | $ | 6,524 | | | $ | 8,385 | |
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| Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense |
The following table presents the estimated future amortization expense related to definite-lived assets as of June 30, 2026: | | | | | | | Amortization Expense | | Year ending December 31, | (in thousands) | | For the remainder of 2026 | $ | 120 | | | 2027 | 667 | | | 2028 | 555 | | | 2029 | 328 | | | 2030 | 305 | | | 2031 and thereafter | 1,492 | | | Total | $ | 3,467 | |
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| Schedule of Accrued Expenses |
Accrued expenses consist of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (in thousands) | | Accrued R&D expenses | $ | 19,595 | | | $ | 12,858 | | | | | | | Accrued payroll and benefits | 13,764 | | | 20,209 | | Other | 3,087 | | | 1,893 | | Total accrued expenses | $ | 36,446 | | | $ | 34,960 | |
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