v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net Income (Loss) $ (45,812) $ 96,075
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 7,081 6,937
Stock-based compensation 7,006 11,127
Amortization of operating lease right-of-use assets 1,509 1,519
Change in fair value of warrant liabilities 277 (3,047)
Change in fair value of contingent earnout liability 0 (811)
Loss on decommissioned satellites and disposal of assets 1,435 6,270
Loss on extinguishment of debt 0 12,008
Gain on sale of a business 0 (154,305)
Transaction costs on sale of a business 0 (23,744)
Other, net (930) 2,483
Changes in operating assets and liabilities:    
Accounts receivable, net (2,271) 5,597
Contract assets (3,057) (1,285)
Other current assets (1,034) (1,769)
Other long-term assets 99 (959)
Accounts payable (3,039) (4,931)
Contract liabilities (2,535) 2,497
Other accrued expenses (5,965) 4,097
Operating lease liabilities (2,348) (1,255)
Other long-term liabilities 0 (8)
Net cash used in operating activities (49,584) (43,504)
Cash flows from investing activities    
Purchases of short-term investments (52,571) (81,118)
Maturities of short-term investments 57,572 0
Purchase of property and equipment (13,422) (12,507)
Proceeds from sale of a business, net of cash 0 238,948
Net cash (used in) provided by investing activities (8,421) 145,323
Cash flows from financing activities    
Proceeds from securities purchase agreements, net 65,402 37,297
Payments on long-term debt 0 (105,742)
Payments on long-term debt closing fees 0 (9,091)
Proceeds from exercise of stock options 4,499 870
Proceeds from employee stock purchase plan 336 443
Net cash provided by (used in) financing activities 70,237 (76,223)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 1,754 (8,588)
Net increase in cash, cash equivalents and restricted cash 13,986 17,008
Cash, cash equivalents and restricted cash    
Beginning balance 25,392 19,684
Ending balance 39,378 36,692
Supplemental disclosure of cash flow information    
Cash paid for interest 0 6,919
Income taxes paid 1,219 0
Non-cash operating, investing and financing activities    
Property and equipment purchased but not yet paid 4,073 2,264
Right-of-use assets obtained in exchange for lease liabilities $ 1,187 $ 1,136