Related-Party Transactions

9 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related-Party Transactions

Note 8 — Related-Party Transactions

In the normal course of business, the Company engages in transactions with its equity method investments (Navarino UK and JSAT Mobile), which are considered related-party transactions. The Company recognized revenue from Navarino UK and JSAT Mobile in the amounts of $16.2 million and $17.3 million for the three months ended December 31, 2024 and 2023, respectively, and $50.0 million and $42.6 million for the nine months ended December 31, 2024 and 2023, respectively. The Company received cash of $16.2 million and $18.0 million from Navarino UK and JSAT Mobile for the three months ended December 31, 2024 and 2023, respectively, and $52.4 million and $43.1 million for the nine months ended December 31, 2024 and 2023, respectively. Accounts receivable from Navarino UK and JSAT Mobile as of December 31, 2024 and March 31, 2024 was $9.4 million and $13.2 million, respectively.