XML 13 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 39,382 $ 42,445
Restricted cash 2,027 1,103
Short-term investments 76,139 82,006
Accounts Receivable 24,612 34,139
Contract assets 24,168 28,595
Inventories 6,178 6,178
Prepaid Expense and Other Assets, Current 12,765 12,329
Total current assets 185,271 206,795
Property and equipment - net 95,579 79,037
Operating lease right of use assets - net 3,262 3,418
Goodwill 10,279 10,279
Intangible assets - net 3,868 4,422
Satellite work in process 72,371 80,651
Other assets 1,118 1,644
Total assets 371,748 386,246
Current liabilities:    
Accounts payable and accrued liabilities 12,495 14,945
Contract liabilities - current 19,859 20,518
Debt, Current 9,257 7,937
Other current liabilities 11,973 16,061
Total current liabilities 53,584 59,461
Operating lease liabilities 7,502 7,579
Derivative liabilities 28,865 20,648
Long-term debt - net of current portion 193,402 193,180
Other liabilities 7,590 10,503
Total liabilities 290,943 291,371
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 37,064 and 36,227 shares; outstanding, 36,767 shares and 35,930 shares as of March 31, 2026 and December 31, 2025, respectively. 4 4
Additional paid-in capital 836,912 821,319
Accumulated deficit (756,111) (726,448)
Total stockholders’ equity 80,805 94,875
Total liabilities and stockholders’ equity $ 371,748 $ 386,246