Segment Reporting

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Reporting Disclosure

4. Segment Information

The Company’s Chief Operating Decision Maker (“CODM”) as defined under GAAP, who is the Company’s Chief Executive Officer, has determined the allocation of resources and assessed performance based upon the consolidated results of the Company. The CODM has utilized consolidated net loss to assess financial performance and allocate resources. Accordingly, for the years ended December 31, 2025 and 2024, the Company was deemed to be comprised of only one operating segment and one reportable segment. This segment, which comprised the continuing operations of the Company’s single operating and reportable segment, provided space-based intelligence products and services through three integrated revenue streams—space-based intelligence & AI services, mission solutions, and advanced technology programs—along with related costs, primarily consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the Company's technology.

Effective January 1, 2025, the Company reclassified its captions on the consolidated statements of operations and comprehensive loss to better align with the Company’s increasing portfolio of mission solutions product offerings and advanced technology program service offerings. See Note 2—"Basis of Presentation and Summary of Significant Accounting Policies" for further detail. The following table presents selected financial information with respect to the Company’s single reportable segment for the years ended December 31, 2025 and 2024:

	Years Ended December 31,
	2025		2024
Revenue
Space-based intelligence & AI services	$	65,116	$	70,062
Mission solutions	21,214		5,930
Advanced technology programs	20,245		26,101
Total revenue	106,575		102,093
Costs and expenses
Space-based intelligence & AI services direct labor costs	3,829		2,502
Space-based intelligence & AI services direct materials costs	12,763		11,405
Mission solutions direct labor costs	1,480		1,896
Mission solutions direct materials costs	9,461		3,056
Advanced technology programs direct labor costs	6,481		7,270
Advanced technology programs direct materials costs	1,289		1,303
Salaries and benefit costs	44,359		41,742
Stock-based compensation expense(1)	13,564		10,526
Other segment items(2)	29,907		23,145
Depreciation and amortization	30,343		43,536
Loss on derivatives	8,012		2,815
Loss on debt extinguishment	4,140		—
Income on equity method investments	—		(879)
Interest income	(3,804)		(1,560)
Interest expense	14,946		12,187
Other income, net	(60)		(3)
Income tax expense	125		370
Net loss	$	(70,260)	$	(57,218)

(1) Relates to stock-based compensation expense within selling, general, and administrative costs.

(2) Other segment items included in net loss primarily includes selling, general, and administrative costs and research and development costs.

As of December 31, 2025 and 2024, the Company's segment assets, which are equal to the Company's consolidated assets on the consolidated balance sheets, are owned and operated by United States entities and are classified within the United States. See Note 5—“Revenue” for additional information about revenue by geographic region.