Annual report [Section 13 and 15(d), not S-K Item 405]

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

v3.26.1
Information on Segment Reporting - Schedule of Segment Revenue and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Revenue $ 71,553 $ 110,451
Employee expense [1] 80,275 80,184
Equipment and software expenses [2] 27,454 38,650
Depreciation and amortization 12,405 21,729
Professional services 24,232 17,558
Facilities expense [2] 4,732 4,008
Contactor expense 1,899 2,602
Other operating and marketing expenses 5,629 5,767
Loss on decommissioned satellites and disposal of assets 9,281 4,023
Allowance for current credit loss on notes receivable 0 4,026
Interest expense 7,418 20,358
Change in fair value of contingent liability and warrant liabilities (4,647) 6,489
Gain on sale of a business (154,305) 0
Loss on extinguishment of debt 12,008 0
Issuance of stock warrants 0 2,399
Other segment items [3] 6,133 6,017
Segment net income (loss) $ 51,305 $ (103,359)
[1]

(a) Employee expense included stock-based compensation expense of $18.7 million and $20.0 million for the years ended December 31, 2025 and 2024, respectively.
[2]

(b) 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 consolidated statements of operations, or income (loss) per share.
[3]

(c) Other segment items included in segment net income (loss) includes foreign exchange gain (loss), equity investment loss, income tax provision, travel and meals expenses, and interest income.