v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (31,982) $ (69,392)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 24,752 22,308
Transfer of satellite work in process to mission solutions costs 748 0
Operating lease right of use assets amortization 420 458
Stock-based compensation expense 13,122 10,005
Amortization of debt issuance costs and non-cash interest expense 686 3,581
(Gain) loss on derivatives (956) 14,148
Non-cash interest income (2,701) (1,760)
Paid in kind interest at time of debt extinguishment 0 (29,079)
Loss on debt extinguishment 0 4,140
Other 92 (212)
Changes in operating assets and liabilities:    
Accounts receivable 8,900 10,663
Contract assets - current and long-term 1,911 (15,012)
Inventories 0 (5,997)
Prepaid expenses and other current assets 4,626 (9,085)
Other assets (7) (409)
Accounts payable and accrued liabilities 3,174 (8,359)
Other current liabilities (12,088) 9,979
Contract liabilities - current and long-term (13,022) 33,233
Other liabilities 0 (196)
Net cash used in operating activities (2,325) (18,992)
Cash flows from investing activities:    
Purchase of property and equipment (10,776) (11,959)
Satellite work in process (35,758) (21,942)
Purchases of short-term investments (195,913) (120,509)
Proceeds from maturities of short-term investments 95,250 44,000
Net cash used in investing activities (147,197) (110,410)
Cash flows from financing activities:    
Proceeds from issuance of debt 0 185,000
Proceeds from equity issuances, net of equity issuance costs 160,018 40,832
Proceeds from warrants exercised 123 10,753
Proceeds from options exercised and ESPP shares purchased 806 180
Repayments of debt 6,188 83,377
Payments for debt issuance costs 0 (7,304)
Withholding tax payments on vesting of restricted stock units (3,039) (1,142)
Net cash provided by financing activities 151,720 144,942
Net increase in cash, cash equivalents, and restricted cash 2,198 15,540
Cash, cash equivalents, and restricted cash – beginning of year 43,548 14,378
Cash, cash equivalents, and restricted cash – end of period 45,746 29,918
Supplemental Cash Flow Elements [Abstract]    
Cash and cash equivalents 27,419 28,815
Restricted cash 18,327 1,103
Total cash, cash equivalents, and restricted cash 45,746 29,918
Supplemental disclosures of cash flow information:    
Cash paid for interest 15,029 33,519
Cash paid for income taxes 0 136
Supplemental disclosures of non-cash financing and investing information:    
Vendor financed satellite launch costs 24,250 12,750
Accretion of short-term investments' discounts and premiums 2,701 1,760
Interest capitalized but not yet paid 1,288 484
Capitalized depreciation expense 1,042 875
Capitalized stock-based compensation 871 460
Transfer of satellite work in process to mission solutions costs 748 0
Adjustments to goodwill for changes in the preliminary purchase price allocation 0 19
Deferred financing costs accrued but not yet paid 0 50
Property, Plant and Equipment    
Supplemental disclosures of non-cash financing and investing information:    
Additions of equipment and other satellite procurement costs accrued but not yet paid $ 6,579 $ 1,670