v3.26.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (8,989) $ (1,591)
Depreciation and amortization 7,713 5,000
Amortization of debt issuance costs and discounts 332 17
Fair value loss on revaluation of warrants 2,293 421
Fair value loss on revaluation of deferred consideration 900 0
Fair value gain on revaluation of contingent consideration (270) 0
Stock-based compensation 2,333 830
Non-cash lease expense 942 1,363
Realized gain (loss) on short-term investments 0 (6)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Other accounts receivable (150) 23
Prepaid expenses and other assets (3,629) (132)
Operating lease liabilities (978) (1,269)
Accounts payable (12,757) (6,292)
Current tax payable 220 0
Accrued expenses and other current liabilities 6,641 (4,477)
Deferred tax liabilities (157) 0
Accrued compensation payable (8,180) 0
Contract liabilities (1,611) 700
Net cash used in operating activities (3,274) (7,478)
Cash flows from investing activities    
Proceeds from redemption of short-term investments 0 14,731
Purchase of satellites, property and equipment (4,055) (3,194)
Net cash (used in) provided by investing activities (4,055) 11,537
Cash flows from financing activities    
Payment of debt issuance cost (85) 0
Exercise of Series D-1 warrants 73 0
Exercise of stock options 2,695 25
Proceeds from issuance of preferred stock, net 18,068 0
Net cash provided by financing activities 20,751 25
Net increase in cash, cash equivalents and restricted cash 13,422 4,084
Cash, cash equivalents and restricted cash, beginning of period 97,273 71,766
Cash, cash equivalents and restricted cash, end of period 110,695 75,850
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 106,108 71,263
Restricted cash 4,587 4,587
Total cash, cash equivalents and restricted cash at the end of the period 110,695 75,850
Supplemental disclosures of cash flow information    
Cash paid for interest 1,091 0
Operating cash outflows – payment on operating leases 1,860 780
Financing cash outflows – reclassification of warrant liability to equity 842 0
Nonrelated Party    
Changes in operating assets and liabilities, net of effect of acquisitions:    
Contract accounts receivable (5,918) 2
Contract assets (3,131) (312)
Related Party    
Changes in operating assets and liabilities, net of effect of acquisitions:    
Contract accounts receivable 20,964 67
Contract assets $ 158 $ (1,822)