Stock-Based Compensation

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

14. Stock-Based Compensation

During the three months ended March 31, 2026 and 2025, the Company granted equity awards under the 2021 Equity Incentive Plan and the 2021 Employee Stock Purchase Plan. Stock-based compensation expense is included in the unaudited condensed consolidated statements of operations and comprehensive loss as indicated in the table below:

	Three Months Ended March 31,
	2026		2025
	(in thousands)
Space-based intelligence & AI services costs, excluding depreciation and amortization	$	75	$	33
Mission solutions costs, excluding depreciation and amortization	15		16
Advanced technology programs costs, excluding depreciation and amortization	88		91
Selling, general and administrative	3,927		2,757
Total stock-based compensation expense	$	4,105	$	2,897

The Company recorded stock-based compensation related to capitalized internal labor for software development activities and satellite work in process of $0.3 million and $0.2 million during the three months ended March 31, 2026 and 2025, respectively. These amounts were included in property, plant, and equipment - net and satellite work in process in the unaudited condensed consolidated balance sheets.