Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets

v3.26.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes changes in goodwill balance (in thousands):
Balance at December 31, 2025 $ 15,450 
Impact of foreign currency translation (515)
Balance at September 30, 2026 $ 14,935 
Intangible assets consisted of the following (in thousands):
September 30, 2026
Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Developed technology $ 12,438  $ (5,010) $ 7,428 
Trade names and other 2,608  (2,100) 508 
Patents 393  (380) 13 
FCC licenses(1)
480  (338) 142 
$ 15,919  $ (7,828) $ 8,091 
December 31, 2025
Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Developed technology $ 12,867  $ (4,378) $ 8,489 
Trade names 2,181  (1,781) 400 
Patents 393  (369) 24 
FCC licenses(1)
480  (314) 166 
$ 15,921  $ (6,842) $ 9,079 
(1)The Company’s Federal Communications Commission (“FCC”) licenses are recognized as finite-lived intangible assets and are amortized over their estimated useful lives. The licenses are subject to annual renewal upon expiration and require approval by the FCC. The Company intends to renew these licenses, and the expected future cash flows associated with the licenses assume renewal upon expiration. Management does not believe that renewal uncertainty will materially limit the Company’s ability to generate cash flows from its satellite and ground station operations.
As of September 30, 2026, the weighted-average amortization period for remaining developed technology was 7.2 years, for trade names and other was 0.8 years, and for patents and FCC licenses was 4.2 years. Amortization expense related to intangible assets was $0.4 million and $1.2 million for the three and nine months ended September 30, 2026, respectively, and $0.4 million and $1.2 million for the three and nine months ended September 30, 2025, respectively.
As of September 30, 2026, the expected future amortization expense of intangible assets is as follows (in thousands):
Year ending December 31, Future Amortization Expense
Remainder of 2026 $ 465 
2027 1,389 
2028 1,071 
2029 1,069 
2030 1,066 
Thereafter 3,031 
$ 8,091