Sana Biotechnology, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
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8. Property and equipment, net
Property and equipment, net consists of the following:
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (in thousands) | ||
| Laboratory equipment | $42,503 | $52,957 |
| Leasehold improvements | 39,061 | 33,344 |
| Construction in progress | - | 40,337 |
| Computer equipment, software, and other | 4,139 | 4,836 |
| Total property and equipment, at cost | 85,703 | 131,474 |
| Less: Accumulated depreciation | (52,622) | (54,166) |
| Property and equipment, net | $33,081 | $77,308 |
Depreciation expense was $2.9 million and $3.9 million for the three months ended June 30, 2025 and 2024, respectively, and $6.5 million and $7.6 million for the six months ended June 30, 2025 and 2024, respectively. In the second quarter of 2025, the Company recognized non-cash impairment losses related to construction in progress, laboratory equipment, and leasehold improvements for the Company's manufacturing facility in Bothell, Washington (the Bothell facility) and a portion of the Company's laboratory and office space in Seattle, Washington (the Seattle facility). Refer to Note 11, Impairment of long-lived assets for further information.
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