The Company’s leasing activities primarily consist of real estate leases for its operations, including office space, and certain ground station service agreements that convey the right to control the use of specified equipment and facilities. The Company assesses whether each lease is an operating or finance lease at the lease commencement date. As of April 30, 2026, the Company has no finance leases.

Operating lease costs were $2.2 million and $2.4 million for the three months ended April 30, 2026 and 2025, respectively. Variable lease expenses and short-term lease expenses were immaterial for the three months ended April 30, 2026 and 2025.

Operating cash flows from operating leases were $2.2 million and $2.7 million for the three months ended April 30, 2026 and 2025, respectively.

Right of use assets obtained in exchange for operating lease liabilities were $26.6 million and $0.0 million for the three months ended April 30, 2026 and 2025, respectively.