Approximately 91% of the Company’s ROU assets and lease liabilities relate to office facilities leases, with the remaining amounts representing primarily ground station leases. The leases have various expiration dates through 2031. Certain of the Company’s lease agreements include escalating lease payments.

Operating lease expenses were $1.0 million and $2.1 million for the three and six months ended June 30, 2026, respectively, and $1.0 million and $2.0 million for the three and six months ended June 30, 2025, respectively. Aggregate variable lease expenses and short-term lease expenses were $0.5 million and $1.0 million for the three and six months ended June 30, 2026, respectively, and $0.4 million and $0.7 million for the three and six months ended June 30, 2025, respectively.

The following table provides the required information regarding the Company’s leases for which the Company is the lessee (dollars in thousands):


	June 30,			December 31,
	2026			2025
Assets
ROU assets	$	7,958		$	10,798
Liabilities
Current	$	2,897		$	4,642
Non-current		6,795			8,755
Total lease liabilities	$	9,692		$	13,397
Weighted-average remaining lease term (years)		4.2			4.5
Weighted-average discount rate		11	%		10	%

As of June 30, 2026, the maturity of operating lease liabilities are as follows (in thousands):


Year ending December 31,
Remainder of 2026		2,093
2027		3,008
2028		2,218
2029		1,950
2030		1,739
Thereafter		952
Total lease payments		11,960
Less: Interest on lease payments		(2,268	)
Present value of lease liabilities	$	9,692

The lease obligations are secured by the underlying leased assets and, in the event of default, the lessor’s claim is limited to those assets. Operating cash payments included in the measurement of operating lease liabilities were $1.0 million and $2.3 million for the three and six months ended June 30, 2026, respectively, and $0.7 million and $1.3 million for the three and six months ended June 30, 2025, respectively, all of which were included in net cash used in operating activities in the condensed consolidated statements of cash flows. Amortization of ROU assets was $0.7 million and $1.5 million for the three and six months ended June 30, 2026, respectively, and $0.8 million and $1.5 million for the three and six months ended June 30, 2025, respectively.