Other Balance Sheet Components (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Schedule of Other Current Assets |
Other current assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2026 |
|
December 31,
2025 |
| Technology and other prepaid contracts |
$ |
1,212 |
|
|
$ |
1,618 |
|
| Other receivables |
1,874 |
|
|
2,554 |
|
| Prepaid insurance |
2 |
|
|
872 |
|
| Deferred contract costs |
120 |
|
|
121 |
|
| Other |
1,060 |
|
|
871 |
|
| Other current assets |
$ |
4,268 |
|
|
$ |
6,036 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2026 |
|
December 31,
2025 |
| Satellites in-service |
$ |
50,176 |
|
|
$ |
29,009 |
|
| Internally developed software |
2,840 |
|
|
2,377 |
|
| Ground stations in-service |
5,362 |
|
|
5,372 |
|
| Leasehold improvements |
7,008 |
|
|
6,077 |
|
| Machinery and equipment |
9,565 |
|
|
7,841 |
|
| Computer equipment |
1,579 |
|
|
1,411 |
|
| Computer software and website development |
99 |
|
|
99 |
|
| Furniture and fixtures |
1,619 |
|
|
1,542 |
|
|
78,248 |
|
|
53,728 |
|
| Less: Accumulated depreciation and amortization |
(32,906) |
|
|
(24,290) |
|
|
45,342 |
|
|
29,438 |
|
| Satellite, launch, and ground station work in progress |
29,655 |
|
|
30,692 |
|
| Finished satellites not yet placed in-service |
12,568 |
|
|
20,676 |
|
| Property and equipment, net |
$ |
87,565 |
|
|
$ |
80,806 |
|
|
| Schedule of Other Accrued expenses |
Other accrued expenses consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2026 |
|
December 31,
2025 |
| Operating lease liabilities, current |
$ |
2,678 |
|
|
$ |
4,642 |
|
| Professional services |
4,550 |
|
|
4,394 |
|
| Accrued operating costs |
370 |
|
|
967 |
|
| Accrued wages and benefits |
5,043 |
|
|
4,556 |
|
| Software |
743 |
|
|
791 |
|
| Corporate and sales tax |
300 |
|
|
1,281 |
|
| Termination fees |
— |
|
|
3,335 |
|
| Other |
2,948 |
|
|
2,300 |
|
| Other accrued expenses |
$ |
16,632 |
|
|
$ |
22,266 |
|
|
| Schedule of Accumulated Other Comprehensive Loss |
Accumulated other comprehensive loss consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2026 |
|
Foreign Currency Translation Adjustments, Net of
Tax |
|
Net Unrealized Gain (Loss) on Investments, Net of Tax |
|
Total |
| Beginning balance |
$ |
(5,467) |
|
|
$ |
32 |
|
|
$ |
(5,435) |
|
| Other comprehensive income (loss) before reclassifications |
161 |
|
|
(83) |
|
|
78 |
|
| Ending balance |
$ |
(5,306) |
|
|
$ |
(51) |
|
|
$ |
(5,357) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2025 |
|
Foreign Currency Translation Adjustments, Net of Tax |
|
Net Unrealized Gain on Investments, Net of Tax |
|
Total |
| Beginning balance |
$ |
(9,770) |
|
|
$ |
— |
|
|
$ |
(9,770) |
|
| Other comprehensive income before reclassifications |
3,526 |
|
|
28 |
|
|
3,554 |
|
| Ending balance |
$ |
(6,244) |
|
|
$ |
28 |
|
|
$ |
(6,216) |
|
|