Revenue

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

5. Revenue

Disaggregation of Revenue

The Company generates revenue from the sale of space-based intelligence & AI services, mission solutions, and advanced technology programs, primarily to domestic and international government agencies. 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 approximate revenue based on the geographic location of end customers was as follows for the years ended December 31, 2025 and 2024:

	Years Ended December 31,
	2025		2024
	(in thousands)
United States	$	46,229	$	63,004
Rest of world	60,346		39,089
Total revenue	$	106,575	$	102,093

The Company has a concentration of contractual revenue arrangements with the U.S. federal government and agencies as well as with international governments. For the years ended December 31, 2025 and 2024, the rest of world had three and two countries, respectively, that generated 10% or more of the Company's total revenue. For the years ended December 31, 2025 and 2024, the Company had the following customers whose revenue and accounts receivable balances individually represented 10% or more of the Company’s total revenue:

		Revenue
		Years Ended December 31,
Customer	Geographic Area(1)	2025	2024
U.S. federal government and agencies	United States	43%	60%
Customer B	Rest of world	17%	16%
Customer C	Rest of world	15%	*
Customer D	Rest of world	14%	12%

		Accounts Receivable
		As of December 31,
Customer	Geographic Area(1)	2025	2024
U.S. federal government and agencies	United States	*	76%
Customer B	Rest of world	*	*
Customer C	Rest of world	50%	*
Customer D	Rest of world	11%	*

* Revenue and/or accounts receivable from these customers were less than 10% of total revenue and/or accounts receivable during the period.

(1) As of December 31, 2025 and 2024, each customer whose revenue and accounts receivable balances individually represented 10% or more of the Company’s total revenue relates to a unique country whose revenue also individually represented 10% of total revenue.

Revenue from categories of end customers for the years ended December 31, 2025 and 2024 was as follows:

	Years Ended December 31,
	2025		2024
	(in thousands)
U.S. federal government and agencies	$	45,778	$	61,257
International governments	57,993		37,970
Commercial and other	2,804		2,866
Total revenue	$	106,575	$	102,093