Segment Reporting

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Reporting Disclosure

4. Segment Information

The Company’s Chief Operating Decision Maker (“CODM”) as defined under GAAP, who is the Company’s Chief Executive Officer, has determined the allocation of resources and assessed performance based upon the consolidated results of the Company. The CODM has utilized consolidated net loss to assess financial performance and allocate resources. Accordingly, for the three months ended March 31, 2026 and 2025, the Company was deemed to be comprised of only one operating segment and one reportable segment. This segment, which comprised the continuing operations of the Company’s single operating and reportable segment, provided space-based intelligence products and services through three integrated revenue streams—space-based intelligence & AI services, mission solutions, and advanced technology programs—along with related costs, primarily consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the Company's technology.

The following table presents selected financial information with respect to the Company’s single reportable segment for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026		2025
Revenue
Space-based intelligence & AI services	$	16,519	$	16,829
Mission solutions	2,009		9,842
Advanced technology programs	2,246		2,873
Total revenue	20,774		29,544
Costs and expenses
Space-based intelligence & AI services direct labor costs	1,828		552
Space-based intelligence & AI services direct materials costs	3,096		3,266
Mission solutions direct labor costs	707		347
Mission solutions direct materials costs	509		6,500
Advanced technology programs direct labor costs	1,081		1,819
Advanced technology programs direct materials costs	111		116
Salaries and benefit costs	11,739		11,703
Stock-based compensation expense(1)	3,927		2,757
Other segment items(2)	7,066		7,227
Depreciation and amortization	9,247		7,236
Loss (gain) on derivatives	8,217		(1,901)
Interest income	(1,024)		(573)
Interest expense	3,932		3,343
Other expense (income), net	1		(65)
Income tax expense	—		30
Net loss	$	(29,663)	$	(12,813)

(1) Relates to stock-based compensation expense within selling, general, and administrative costs.

(2) Other segment items included in net loss primarily includes selling, general, and administrative costs and research and development costs.

As of March 31, 2026 and 2025, the Company's segment assets, which are equal to the Company's consolidated assets on the unaudited condensed consolidated balance sheets, are owned and operated by United States entities and are classified within the United States. See Note 5—“Revenue” for additional information about revenue by geographic region.