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Research and Development Arrangements
6 Months Ended
Jul. 31, 2025
Research and Development [Abstract]  
Research and Development Arrangements Research and Development Arrangements
Research and Development Services Agreement
In December 2020, the Company entered into a development services agreement, whereby the Company agreed to provide the technical knowledge and services to design and develop certain prototype satellites and deliver and test early data collected (the “R&D Services Agreement”). The R&D Services Agreement, including subsequent amendments to such agreement, provides for funding of $46.4 million to be paid to the Company as specified milestones are achieved. The R&D Services Agreement is unrelated to the Company’s ordinary business activities. The Company has discretion in managing the activities under the R&D Services Agreement and retains all developed intellectual property. The Company has no obligation to repay any of the funds received regardless of the outcome of the development work; therefore, the arrangement is accounted for as funded research and development pursuant to ASC 730-20, Research and Development. As ASC 730-20 does not indicate the accounting model for research and development services, the Company determined the total transaction price is recognized over the agreement term as a reduction of research and development expenses based on a cost incurred method. As of July 31, 2025, all milestones related to the R&D Services Agreement have been completed and all funding has been recognized by the Company.
During the three and six months ended July 31, 2025, the Company recognized $0.0 million and $0.2 million of funding and incurred $0.0 million and $0.2 million of research and development expenses, respectively, in connection with the R&D Services Agreement. During the three and six months ended July 31, 2024, the Company recognized $1.1 million and $4.3 million of funding and incurred $1.2 million and $3.6 million of research and development expenses, respectively. As of July 31, 2025 and January 31, 2025, the Company had received a total of $46.4 million of funding under the R&D Services Agreement.
NASA Communication Services Project
In connection with its Communication Services Project (“CSP”), the National Aeronautics and Space Administration (“NASA”) selected certain satellite communications providers that NASA will fund to develop and demonstrate near-Earth space communication services that may support future NASA missions using commercial technology. In June 2022 and August 2022, the Company entered into separate agreements with two of the satellite communications providers selected by NASA whereby the Company agreed to participate in the NASA CSP as a subcontractor. The agreements provide for the Company to receive aggregate funding of $40.5 million to be paid as milestones are completed. The Company determined that the agreements are in the scope of ASC 912-730, Contractors – Federal Government – Research and Development (“ASC 912-730”). In accordance with ASC 912-730, funding is recognized over the term of each agreement as a reduction of research and development expenses based on a cost incurred method.
During the three and six months ended July 31, 2025, the Company recognized $1.8 million and $3.5 million of funding, respectively, and incurred $1.8 million and $3.5 million of research and development expenses, respectively, in connection with the NASA CSP. During the three and six months ended July 31, 2024, the Company recognized $2.5 million and $5.1 million of funding, respectively, and incurred $2.5 million and $5.1 million of research and development expenses, respectively, in connection with the NASA CSP. As of July 31, 2025 and January 31, 2025, the Company had received a total of $29.5 million and $28.7 million, respectively, of funding in connection with the NASA CSP.