v3.26.1
Operating Expenses (Tables)
3 Months Ended
Mar. 31, 2026
Operating Expenses [Abstract]  
Schedule of Operating Expenses

Three months ended March 31,

 

2026

 

2025

Compensation and employee benefits(a)

 

$

24,488

 

$

26,073

Other operating expenses(b)

 

 

22,218

 

 

20,251

Cost of third-party satellites(c)

 

 

6,789

 

 

6,111

Cost of equipment sales(d)

 

 

1,841

 

 

607

Operating expenses

 

$

55,336

 

$

53,042

(a)      Compensation and employee benefits included salaries, bonuses, commissions, post-employment benefits and charges arising from share-based compensation.

(b)      Other operating expenses included general and administrative expenses, marketing expenses, in-orbit insurance expenses, professional fees and facility costs. The balance for the three months ended March 31, 2026 included $0.4 million of leases not capitalized due to exemptions and variable lease payments not included in the measurement of the lease liabilities (three months ended March 31, 2025 — $0.8 million).

(c)      Cost of third-party satellites included the cost of third-party satellite capacity acquired to fulfill customer capacity requirements.

(d)      Cost of equipment sales included the cost of equipment and other costs directly attributable to fulfilling the Company’s obligations under customer contracts, excluding the cost of third-party satellite capacity.