Property And Equipment—net

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property And Equipment—net

9. Property and Equipment - net

The following summarizes property and equipment - net as of:

	December 31,		December 31,
	2025		2024
	(in thousands)
Satellites	$	143,440	$	107,004
Software	46,245		32,587
Office furniture and fixtures	9,086		9,171
Software development in process	3,925		3,656
Production and engineering equipment	3,421		2,986
Site equipment	2,682		2,502
Computer equipment	1,705		1,578
Other equipment	999		812
	211,503		160,296
Less: accumulated depreciation	(132,466)		(114,683)
Property and equipment — net	$	79,037	$	45,613

Depreciation of property and equipment was $29.3 million and $42.9 million for the years ended December 31, 2025 and 2024, respectively.