v3.26.1
Stock-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation
14. Stock-Based Compensation
During the three and six months ended June 30, 2026 and 2025, the Company granted equity awards under the 2021 Equity Incentive Plan and the 2021 Employee Stock Purchase Plan. Stock-based compensation expense is included in the unaudited condensed consolidated statements of operations and comprehensive loss as indicated in the table below:
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
(in thousands)
Space-based intelligence & AI services costs, excluding depreciation and amortization
$
116 
$
39 
$
191 
$
72 
Mission solutions costs, excluding depreciation and amortization
64 
19 
79 
35 
Advanced technology programs costs, excluding depreciation and amortization
66 
108 
154 
199 
Selling, general and administrative
4,066 
3,288 
7,993 
6,045 
Total stock-based compensation expense
$
4,312 
$
3,454 
$
8,417 
$
6,351 
The Company recorded stock-based compensation related to capitalized internal labor for software development activities and satellite work in process of $0.3 million and $0.1 million during the three months ended June 30, 2026 and 2025, respectively, and $0.6 million and $0.3 million during the six months ended June 30, 2026 and 2025, respectively. These amounts were included in property, plant, and equipment - net and satellite work in process in the unaudited condensed consolidated balance sheets.