v3.26.1
Operating Expenses (Tables)
6 Months Ended
Jun. 30, 2026
Operating Expenses [Abstract]  
Schedule of Operating Expenses
 

Three months ended
June 30,

 

Six months ended
June 30,

   

2026

 

2025

 

2026

 

2025

Other operating expenses(a)

 

$

31,071

 

$

24,659

 

$

53,289

 

$

44,910

Compensation and employee benefits(b)

 

 

25,210

 

 

21,553

 

 

49,698

 

 

47,626

Cost of equipment sales(c)

 

 

5,282

 

 

4,242

 

 

12,071

 

 

10,353

Cost of third-party satellites(d)

 

 

165

 

 

102

 

 

2,006

 

 

709

Operating expenses

 

$

61,728

 

$

50,556

 

$

117,064

 

$

103,598

____________

(a)      Other operating expenses included general and administrative expenses, marketing expenses, in-orbit insurance expenses, professional fees and facility costs. The balance for the three and six months ended June 30, 2026 included $0.7 million and $1.2 million of leases not capitalized due to exemptions and variable lease payments not included in the measurement of the lease liabilities (three and six months ended June 30, 2025 — $0.2 million and $1.0 million).

(b)      Compensation and employee benefits included salaries, bonuses, commissions, post-employment benefits and charges arising from share-based compensation.

(c)      Cost of equipment sales included the cost of equipment and other costs directly attributable to fulfilling the Company’s obligations under customer contracts, excluding the cost of third-party satellite capacity.

(d)      Cost of third-party satellites included the cost of third-party satellite capacity acquired to fulfill customer capacity requirements.