v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
4. Segment Information
The Company’s Chief Operating Decision Maker (“CODM”) as defined under GAAP, who is the Company’s Chief Executive Officer, has determined the allocation of resources and assessed performance based upon the consolidated results of the Company. The CODM has utilized consolidated net loss to assess financial
performance and allocate resources. Accordingly, for the three and six months ended June 30, 2026 and 2025, the Company was deemed to be comprised of only one operating segment and one reportable segment. This segment, which comprised the continuing operations of the Company’s single operating and reportable segment, provided space-based intelligence products and services through three integrated revenue streams—space-based intelligence & AI services, mission solutions, and advanced technology programs—along with related costs, primarily consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the Company's technology.
The following table presents selected financial information with respect to the Company’s single reportable segment for the three and six months ended June 30, 2026 and 2025:

Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenue
Space-based intelligence & AI services
$
24,507 
$
17,982 
$
41,026 
$
34,811 
Mission solutions
5,111 
1,051 
7,120 
10,893 
Advanced technology programs
3,698 
3,166 
5,944 
6,039 
Total revenue
33,316 
22,199 
54,090 
51,743 
Costs and expenses
Space-based intelligence & AI services direct labor costs
1,851 
676 
3,679 
1,228 
Space-based intelligence & AI services direct materials costs
3,544 
2,784 
6,640 
6,050 
Mission solutions direct labor costs
971 
239 
1,678 
586 
Mission solutions direct materials costs
630 
145 
1,139 
6,645 
Advanced technology programs direct labor costs
1,783 
1,988 
2,864 
3,807 
Advanced technology programs direct materials costs
270 
415 
381 
531 
Salaries and benefit costs
11,539 
11,812 
23,278 
23,515 
Stock-based compensation expense(1)
4,066 
3,288 
7,993 
6,045 
Other segment items(2)
8,464 
7,584 
15,530 
14,811 
Depreciation and amortization
7,997 
7,208 
17,244 
14,444 
Loss on derivatives
10,517 
24,435 
18,734 
22,534 
Interest income
(1,348)
(677)
(2,372)
(1,250)
Interest expense
3,865 
3,509 
7,797 
6,852 
Other expense (income), net
1 
(3)
2 
(68)
Income tax expense
— 
35 
— 
65 
Net loss
$
(20,834)
$
(41,239)
$
(50,497)
$
(54,052)
(1) Relates to stock-based compensation expense within selling, general, and administrative costs.
(2) Other segment items included in net loss primarily includes selling, general, and administrative costs and research and development costs.
As of June 30, 2026 and 2025, the Company's segment assets, which are equal to the Company's consolidated assets on the unaudited condensed consolidated balance sheets, are owned and operated by United States entities and are classified within the United States. See Note 5—“Revenue” for additional information about revenue by geographic region.