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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (70,260) $ (57,218)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 30,343 43,536
Transfer of satellite work in process to mission solutions costs 8,542 334
Operating lease right of use assets amortization 611 583
Loss on debt extinguishment 4,140 0
Stock-based compensation expense 14,232 11,169
Amortization of debt issuance costs and non-cash interest expense 3,812 9,207
Paid in kind interest at time of debt extinguishment (29,079) 0
Loss on derivatives 8,012 2,815
Non-cash interest income (2,565) (1,074)
Income on equity method investments 0 879
Other 234 320
Changes in operating assets and liabilities:    
Accounts receivable (19,469) (7,775)
Contract assets - current and long-term (313) (4,989)
Prepaid expenses and other current assets (8,188) 556
Other assets 0 2,428
Accounts payable and accrued liabilities (9,386) (4,080)
Other current liabilities 13,059 (356)
Contract liabilities - current and long-term 28,160 (978)
Other liabilities (196) 17
Net cash used in operating activities (28,311) (6,384)
Cash flows from investing activities:    
Purchase of property and equipment (16,212) (15,678)
Satellite work in process (30,348) (34,558)
Purchases of short-term investments (127,785) (52,860)
Proceeds from maturities of short-term investments 87,750 34,225
Cash received from business acquisition 0 541
Net cash used in investing activities (86,595) (68,330)
Cash flows from financing activities:    
Proceeds from issuance of debt 185,000 20,000
Proceeds from equity issuances, net of equity issuance costs 40,829 47,009
Proceeds from Warrant Exercises 10,753 0
Proceeds from options exercised and ESPP shares purchased 2,009 308
Repayments of Debt 84,502 10,000
Payments of debt issuance costs (7,304) (632)
Withholding tax payments on vesting of restricted stock units (2,709) (967)
Payments for deferred offering costs 0 60
Net cash provided by financing activities 144,076 55,658
Net increase (decrease) in cash, cash equivalents, and restricted cash 29,170 (19,056)
Cash, cash equivalents, and restricted cash – beginning of year 14,378 33,434
Cash, cash equivalents, and restricted cash – end of year 43,548 14,378
Supplemental Cash Flow Elements [Abstract]    
Cash and cash equivalents 42,445 13,056
Restricted cash 1,103 1,322
Total cash, cash equivalents, and restricted cash 43,548 14,378
Supplemental disclosures of cash flow information:    
Cash paid for interest 33,978 2,523
Cash paid for income taxes 197 476
Supplemental disclosures of non-cash financing and investing information:    
Vendor financed satellite launch costs 19,700 6,000
Transfer of satellite work in process to mission solutions costs 8,542 334
Accretion of short-term investments' discounts and premiums 2,565 1,074
Capitalized depreciation expense 1,182 177
Capitalized interest 631 0
Capitalized stock-based compensation 659 555
Deferred offering costs accrued but not yet paid 357 54
Adjustments to goodwill for changes in the preliminary purchase price allocation 19 0
Increase of debt principal for paid-in-kind interest 0 8,456
Transfer of satellite work in progress to inventories 0 5,997
Equity issuance costs accrued but not yet paid 0 46
Property, Plant and Equipment    
Supplemental disclosures of non-cash financing and investing information:    
Additions of equipment and other satellite procurement costs accrued but not yet paid $ 5,558 $ 1,117