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Revenue (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of 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 
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.
Backlog
Backlog represents the future sales the Company expects to recognize on firm orders it receives and is equivalent to the Company’s remaining performance obligations at the end of each period. It comprises both funded backlog (firm orders for which funding is authorized and appropriated) and unfunded backlog. The Company's backlog excludes unexercised contract options. As of December 31, 2025, the Company had $345.3 million of backlog, which represents the transaction price of executed contracts less inception to date revenue recognized. The Company expects to recognize revenue relating to its backlog, a portion of which is recorded in deferred revenue in the consolidated balance sheets, of $77.3 million, $55.2 million, and $212.8 million in, fiscal year 2026, fiscal year 2027, and thereafter, respectively.
Schedules of Concentration of Risk, by Risk Factor
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