Company: CSTL
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001447362-25-000097
Chunk: 116

Company: CASTLE BIOSCIENCES INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 116
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 credit-related or noncredit-related impairment losses were recorded for the three and six months ended June 30, 2025 and 2024.Accrued interest receivable for our AFS and HTM U.S. government securities is included in prepaid expenses and other current assets in our unaudited condensed consolidated balance sheets. As of June 30, 2025 and December 31, 2024, the accrued interest receivable related to AFS securities was $1.0 million and $0.6 million, respectively. The balance related to HTM securities was immaterial as of June 30, 2025, and no amounts were accrued as of December 31, 2024, as no securities were classified as HTM at that time.Additional information relating to the fair value of marketable investment securities can be found in Note 11.

6. Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands): June 30, 2025December 31, 2024Land$7,245 $7,245 Lab equipment26,400 23,633 Leasehold improvements14,808 14,616 Computer equipment5,702 5,306 Furniture and fixtures3,550 3,541 Construction-in-progress31,870 9,614 Total89,575 63,955 Less accumulated depreciation(15,515)(12,833)Property and equipment, net$74,060 $51,122 Depreciation expense was recorded in the unaudited condensed consolidated statements of operations as follows (in thousands):Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Cost of sales (exclusive of amortization of acquired intangible assets)$909 $637 $1,812 $1,292 Research and development95 85 189 169 Selling, general and administrative449 379 891 733 Total$1,453 $1,101 $2,892 $2,194 

7. Goodwill and Other Intangible Assets, Net

GoodwillWe had a single reporting unit where all goodwill was allocated for as of June 30, 2025 and December 31, 2024. The balance of our goodwill was $10.7 million as of June 30, 2025 and December 31, 2024. There were no accumulated impairments of