Related Parties

3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

Related Parties

Related Parties

The related party transactions for the Company are as follows:

AEI Consulting Agreement

AE Industrial Partners, the Company's largest stockholder, provided $0.5 million and $0.3 million of consulting services to the Company for the three months ended March 31, 2026 and 2025, respectively. An amended consulting agreement was executed in connection with the IPO which provides for the Company to pay a consulting fee of $2.4 million per year. The amended agreement expires the earlier of January 2028 or when AE Industrial Partners beneficially owns less than 10% of the outstanding shares of the Company's common stock. These consulting fees are recorded in selling, general and administrative expenses on the consolidated statements of operations and comprehensive loss.

Vendor Purchases

The Company contracted with a vendor in which one of the Company’s employees is a shareholder to provide software engineering services to the Company. During the three months ended March 31, 2026 and 2025 the Company paid approximately $0.3 million and $0.5 million, respectively, to this vendor for these services.

The Company contracted with a design studio owned by one of the Company's officers and his spouse and managed by the spouse to design, furnish and build out the offices and manufacturing areas for its new facilities. During the three months ended March 31, 2026 and 2025, the Company paid approximately $0.3 million and $0, respectively, for these services.