Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Table Text Block Supplement [Abstract]

Stock-based Compensation Expense

Stock-based compensation expense is included in the consolidated statements of operations and comprehensive loss as indicated in the table below:

	Years Ended December 31,
	2025		2024
	(in thousands)
Space-based intelligence & AI services costs, excluding depreciation and amortization	$	263	$	173
Mission solutions costs, excluding depreciation and amortization	65		52
Advanced technology programs costs, excluding depreciation and amortization	340		418
Selling, general and administrative	13,564		10,526
Total stock-based compensation expense	$	14,232	$	11,169

Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions

A summary of the weighted-average assumptions used by the Company during the year ended December 31, 2025 is presented below:

	Year Ended December 31, 2025
Fair value per common share	$9.23
Weighted-average risk-free interest rate	4.16%
Volatility	35.40%
Expected term (in years)	8.00
Dividend rate	0%

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the Company’s nonvested RSU activity during the year ended December 31, 2025 is presented below:

	Restricted Stock Units	Weighted-Average Grant-Date Fair Value
	(in thousands)
Nonvested - January 1, 2025	2,419	$	9.54
Granted	1,258	13.69
Vested	(1,029)	10.54
Canceled	(97)	10.93
Nonvested - December 31, 2025	2,551	11.13

Share-based Payment Arrangement, Option, Activity

A summary of the Company’s stock option activity during the year ended December 31, 2025 is presented below:

	Options	Weighted-Average Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
	(in thousands)			(in years)	(in thousands)
Outstanding - January 1, 2025	876	$	13.62
Granted	996	9.23
Exercised	(18)	0.42
Expired	(3)	15.79
Outstanding - December 31, 2025	1,851	11.38		8.04	$	13,643
Exercisable - December 31, 2025	700	13.81		6.62	3,459