v3.26.1
Government Assistance (Tables)
6 Months Ended
Jun. 30, 2026
Government Assistance [Abstract]  
Schedule of Deductions to Carrying Value of Asset Balances

The following are the FCC Reimbursement Program-related deductions to the carrying value of asset balances in our Unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Assets:

 

 

 

 

 

 

Inventories

 

$

(810

)

 

$

(1,380

)

Prepaid expenses and other current assets

 

 

(9,607

)

 

 

(7,349

)

Property and equipment, net

 

 

(63,510

)

 

 

(48,001

)

Intangible assets, net

 

 

(10,242

)

 

 

(2,200

)

Other non-current assets

 

 

(27,544

)

 

 

(21,376

)

Operating lease right-of-use assets

 

 

(1,925

)

 

 

(2,712

)

Schedule of Increases to Net Income

The following are the increases to Net income in our Unaudited Condensed Consolidated Statements of Operations for the three- and six-month periods ended June 30, 2026 and 2025 (in thousands):

 

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
 Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Service revenue

 

$

4,880

 

 

$

1,865

 

 

$

8,513

 

 

$

3,594

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of service revenue

 

 

998

 

 

 

35

 

 

 

2,162

 

 

 

40

 

Cost of equipment revenue

 

 

202

 

 

 

1,749

 

 

 

2,287

 

 

 

4,242

 

General and administrative

 

 

404

 

 

 

87

 

 

 

787

 

 

 

187

 

Engineering, design and development

 

 

198

 

 

 

 

 

 

6,237

 

 

 

 

Depreciation and amortization

 

 

33

 

 

 

 

 

 

47