v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue Recognition
During the three months ended March 31, 2026, the Company recognized total revenue of $1.6 million, of which $1.0 million was attributable to lease-related revenue. No revenue was recognized during the three months ended March 31, 2025.
Contract Liabilities
The Company records contract liabilities related to differences between the timing of cash receipts from the customer and the recognition of revenue. Contract liabilities consisted of the following (in millions):
As of
March 31,
2026		December 31,
2025
Current portion of contract liabilities
$1.3 $1.3 
Contract liabilities, net of current portion
10.0 10.0 
Total$11.3 $11.3 
Current portion of contract liabilities is recorded in accrued expenses and other current liabilities and contract liabilities, net of current portion is recorded in other long-term liabilities in the Company’s condensed consolidated balance sheets. As of March 31, 2026 and December 31, 2025, the Company’s contract liabilities primarily included a $10.0 million pre-delivery payment received from United Airlines, Inc. (“United”) under the terms of the Amended United Purchase Agreement (defined below) (Refer to Note 12 - Warrants for additional information). No revenue related to these contract liabilities was recognized during the three months ended March 31, 2026 and 2025.