Company: TXG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001770787-25-000032
Chunk: 34

Company: 10x Genomics, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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292 16,736 Inventory$74,710 $83,107 Property and Equipment, NetProperty and equipment, net consisted of the following (in thousands):March 31,2025December 31,2024Land$36,765 $36,765 Building147,235 147,094 Laboratory equipment and machinery 73,792 72,498 Computer equipment and software15,008 14,953 Furniture and fixtures9,745 9,586 Leasehold improvements90,180 89,567 Construction in progress4,475 5,152 Total property and equipment377,200 375,615 Less: accumulated depreciation and amortization (131,113)(122,967)Property and equipment, net$246,087 $252,648 During the three months ended March 31, 2025, the Company recorded impairment charges of $0.1 million related to equipment. The impairment charge was triggered by a decision to discontinue an engineering project. During the three months ended March 31, 2024, the Company recorded impairment charges of $2.1 million related to computer equipment and software of which $0.3 million, $0.7 million and $1.1 million was classified in cost of revenue, research and development, and selling, general and administrative expenses, respectively, in the condensed consolidated statement of operations. The impairment charge was triggered by a decision to discontinue a productivity engineering project.

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Table of Contents10x Genomics, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Compensation and Related BenefitsAccrued compensation and related benefits were comprised of the following (in thousands):March 31,2025December 31,2024Accrued payroll and related costs$6,303 $2,970 Accrued bonus7,648 21,859 Accrued commissions3,281 5,938 Other4,725 2,848 Accrued compensation and related benefits$21,957 $33,615 Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities were comprised of the following (in thousands):March 31,2025December 31,2024Legal and related costs$10,563 $6,100 Royalties for licensed technologies4,191 7,042 Professional services4,201 5,315