Quarterly report [Sections 13 or 15(d)]

Information on Segment Reporting - Summary of Segment Revenue and Significant Segment Expenses (Details)

v3.25.3
Information on Segment Reporting - Summary of Segment Revenue and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting [Abstract]        
Revenue $ 12,670 $ 28,568 $ 55,728 $ 88,792
Employee expense [1] 18,015 20,024 62,872 57,113
Equipment and software expenses [2] 5,311 8,156 22,204 31,174
Depreciation and amortization 2,557 3,862 9,494 16,352
Professional services 4,223 3,722 17,603 8,425
Facilities expense [2] 1,457 1,042 3,603 3,030
Contactor expense 552 668 1,330 1,786
Other operating and marketing expenses 1,125 1,532 3,906 4,097
Loss on decommissioned satellites and disposal of assets 20 550 6,259 1,474
Allowance for current credit loss on notes receivable 0 2,609 0 2,689
Interest expense 2 4,829 7,418 14,654
Change in fair value of contingent liability and warrant liabilities (668) (1,370) (4,525) 1,825
Gain on sale of a business 0 0 (154,305) 0
Loss on extinguishment of debt 0 0 12,008 0
Issuance of stock warrants 0 0 0 2,399
Other segment items [3] (248) (4,583) (8,538) (1,650)
Segment net (loss) income $ (19,676) $ (12,473) $ 76,399 $ (54,576)
[1] Employee expense included stock-based compensation expense of $3,830 and $14,957 for the three and nine months ended September 30, 2025, respectively, and $4,959 and $13,382 for the three and nine months ended September 30, 2024, respectively.
[2] In the second quarter of 2025, the Company reclassified certain expenses from Facilities expense to Equipment and software expenses within its segment reporting to better reflect the nature of the costs. Prior period amounts have been recast to conform to the current year period presentation. This reclassification impacted only the composition of the expense categories regularly provided to the Company’s CODM and had no impact on total segment expenses, the condensed consolidated statements of operations, or (loss) income per share.
[3] Other segment items included in segment net (loss) income include foreign exchange gain (loss), income tax provision, equity investment loss, income tax benefit, travel and meals expenses, and interest income.