v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 27,419 $ 42,445
Restricted cash 18,327 1,103
Short-term investments 185,370 82,006
Accounts Receivable 25,146 34,139
Contract assets 26,982 28,595
Inventories 6,178 6,178
Prepaid Expense and Other Assets, Current 7,715 12,329
Total current assets 297,137 206,795
Property and equipment - net 104,825 79,037
Operating lease right of use assets - net 5,485 3,418
Goodwill 10,279 10,279
Intangible assets - net 3,500 4,422
Satellite work in process 103,295 80,651
Other assets 990 1,644
Total assets 525,511 386,246
Current liabilities:    
Accounts payable and accrued liabilities 18,603 14,945
Contract liabilities - current 17,718 20,518
Debt, Current 15,361 7,937
Other current liabilities 4,685 16,061
Total current liabilities 56,367 59,461
Operating lease liabilities 9,878 7,579
Derivative liabilities 19,481 20,648
Long-term debt - net of current portion 204,504 193,180
Other liabilities 281 10,503
Total liabilities 290,511 291,371
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 41,399 and 36,227 shares; outstanding, 41,102 shares and 35,930 shares as of September 30, 2026 and December 31, 2025, respectively. 4 4
Additional paid-in capital 993,426 821,319
Accumulated deficit (758,430) (726,448)
Total stockholders’ equity 235,000 94,875
Total liabilities and stockholders’ equity $ 525,511 $ 386,246