7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 
      
    		                      
      assets
    		                      
      current assets:
    		                      
      cash and cash equivalents
    		1,204,282,000 923,647,000 873,778,000 564,988,000 516,389,000 285,085,000 209,973,000 85,622,000 133,310,000 190,835,000 185,043,000 238,588,000 198,869,000 202,371,000 253,731,000 321,787,000 360,390,000 402,612,000     
      restricted cash
    		15,841,000 15,753,000 680,000 2,546,000 2,497,000 2,482,000 2,467,000 2,475,000 2,416,000 636,000 653,000 668,000 660,000  1,379,000 2,750,000       
      accounts receivable
    		11,491,000             3,569,000 2,593,000 2,173,000 1,282,000 1,273,000     
      inventory
    		10,885,000                2,726,000 3,655,000     
      prepaid expenses
    		9,267,000 10,233,000 6,126,000 7,887,000 7,073,000 7,359,000 5,033,000 4,591,000 6,261,000 7,127,000 3,228,000 4,100,000 5,650,000 7,020,000 3,537,000 3,214,000 4,119,000 5,578,000 47,667 55,653 96,361 140,242 
      other current assets
    		25,237,000 23,591,000 14,021,000 24,825,000 19,662,000 20,233,000 22,036,000 14,194,000 21,084,000 22,976,000 38,185,000 24,954,000 20,127,000 16,446,000 9,862,000 4,467,000 2,072,000 1,474,000     
      total current assets
    		1,277,003,000 973,224,000 894,605,000 600,246,000 545,621,000 315,159,000 239,509,000 106,882,000 163,071,000 221,574,000 227,109,000 268,310,000 225,306,000 232,926,000 272,929,000 335,803,000 370,589,000 414,592,000 50,154,842 427,269 496,623 659,869 
      non-current assets:
    		                      
      property and equipment
    		1,007,844,000 761,606,000 450,822,000 337,669,000 260,068,000 248,162,000 245,284,000 238,478,000   66,452,000 53,912,000 43,543,000 37,725,000 32,157,000 28,327,000 19,909,000 15,657,000     
      intangible assets
    		213,766,000              205,000 242,000 335,000 398,000     
      operating lease right-of-use assets
    		15,482,000 15,037,000 13,415,000 14,014,000 12,088,000 12,344,000 12,796,000 13,221,000 13,212,000 13,486,000 12,955,000 7,671,000 7,901,000 7,731,000 7,990,000 7,991,000 6,783,000 6,661,000     
      other non-current assets
    		36,807,000 131,495,000 10,817,000 2,632,000 3,872,000 3,972,000 4,139,000 2,311,000 1,605,000 1,770,000 1,744,000 16,402,000 17,424,000 16,543,000 15,066,000 317,000       
      total assets
    		2,550,902,000 1,881,362,000 1,369,659,000 954,561,000 821,649,000 579,637,000 501,728,000 360,892,000 402,130,000 408,467,000 400,724,000 438,372,000 386,268,000 384,864,000 414,586,000 443,936,000 461,007,000 482,650,000 282,068,838 232,570,485 232,571,334 232,915,281 
      liabilities and stockholders' equity
    		                      
      current liabilities:
    		                      
      accounts payable
    		50,707,000 22,703,000 10,778,000 17,004,000 8,962,000 12,175,000 14,528,000 20,575,000 7,811,000 5,108,000 11,348,000 13,929,000 9,546,000 5,157,000 6,917,000 6,638,000 6,656,000 6,284,000     
      accrued expenses and other current liabilities
    		48,717,000 42,735,000 26,216,000 12,195,000 16,480,000 13,653,000 15,593,000 23,926,000 17,706,000 24,256,000 23,246,000 13,145,000 10,837,000 8,670,000 7,295,000 7,469,000 3,377,000 3,746,000     
      current contract liabilities
    		23,067,000                      
      current operating lease liabilities
    		2,137,000 2,208,000 1,767,000 1,856,000 1,534,000 1,517,000 1,505,000 1,468,000 1,384,000 1,305,000 952,000 722,000 803,000 858,000 900,000 634,000 495,000 470,000     
      current portion of long-term debt
    		8,947,000 7,616,000 3,699,000 2,919,000 44,635,000 258,000 255,000 252,000               
      total current liabilities
    		133,575,000 118,316,000 84,218,000 75,942,000 94,079,000 49,383,000 31,881,000 46,221,000 26,901,000 30,669,000 35,546,000 27,796,000 21,186,000 22,175,000 22,912,000 21,377,000 15,378,000 15,604,000 1,858,263 259,841 204,608 420,235 
      non-current liabilities:
    		                      
      warrant liabilities
    		4,616,000 109,485,000 44,453,000 41,248,000 57,460,000 77,886,000 11,746,000 29,960,000 17,492,000 24,973,000 31,448,000 38,946,000 56,390,000 40,495,000 63,544,000 58,062,000 76,108,000 115,509,000 66,086,000    
      non-current operating lease liabilities
    		13,771,000 13,277,000 12,112,000 12,652,000 11,057,000 10,952,000 11,429,000 11,900,000 11,979,000 12,314,000 12,105,000 7,046,000 7,195,000 7,040,000 7,312,000 7,525,000 6,433,000 6,340,000     
      non-current contract liabilities
    		43,497,000                      
      long-term debt
    		697,628,000 482,534,000 462,203,000 155,573,000 156,252,000 199,546,000 160,827,000 59,252,000 58,536,000 4,634,000 4,696,000 4,758,000 4,820,000 4,880,000 4,940,000 5,000,000       
      other non-current liabilities
    		31,797,000                      
      total liabilities
    		924,884,000 723,612,000 602,986,000 285,415,000 318,848,000 337,767,000 215,883,000 147,333,000 114,908,000 72,590,000 83,795,000 78,546,000 89,591,000 74,590,000 98,708,000 91,964,000 97,919,000 137,453,000 125,994,263 8,310,507 8,256,307 8,548,277 
      commitments and contingencies
    		                      
      stockholders' equity:
    		                      
      class a common stock
    		26,000 24,000 23,000 20,000 17,000 15,000 14,000 9,000 9,000 9,000 7,000 7,000 5,000 5,000 5,000 5,000 5,000 5,000 151,074,574 219,259,970 219,315,022 219,367,001 
      class b common stock
    		4,000 4,000 4,000 4,000 4,000 4,000 4,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 575 575 575 575 
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively.
    		8,000                      
      additional paid-in capital
    		1,996,974,000 1,501,070,000 1,103,921,000 969,004,000 762,426,000 427,096,000 373,773,000 288,404,000 285,525,000 282,869,000 236,886,000 235,384,000 185,435,000 175,400,000 172,708,000 171,155,000 169,385,000 168,297,000 59,243,594 3,603,401 3,548,350 3,496,371 
      accumulated other comprehensive income
    		1,174,000 1,108,000 98,000 -176,000 353,000 52,000 121,000 227,000 11,000 158,000 183,000 229,000           
      accumulated deficit
    		-757,719,000 -634,845,000 -535,451,000 -489,745,000 -453,888,000 -281,942,000 -209,392,000 -189,662,000 -157,736,000 -136,827,000 -118,419,000 -102,101,000 -93,872,000 -84,106,000 -81,182,000 -70,461,000 -67,351,000 -71,466,000 -54,245,116    
      noncontrolling interest
    		385,551,000 290,381,000 198,070,000 190,031,000 193,881,000 96,637,000 121,317,000 114,568,000 159,400,000 189,655,000 198,259,000 226,294,000 205,367,000 219,488,000 224,839,000 251,693,000 261,430,000 248,721,000     
      total stockholders' equity
    		1,626,018,000 1,157,750,000 766,673,000 669,146,000 502,801,000 241,870,000 285,845,000 213,559,000 287,222,000 335,877,000 316,929,000 359,826,000 296,677,000 310,274,000 315,878,000 351,972,000       
      total liabilities and stockholders' equity
    		2,550,902,000 1,881,362,000 1,369,659,000 954,561,000 821,649,000 579,637,000 501,728,000 360,892,000 402,130,000 408,467,000 400,724,000 438,372,000 386,268,000 384,864,000 414,586,000 443,936,000       
      contract liabilities
    		 43,054,000 41,758,000 41,968,000 22,468,000 21,780,000                 
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively.
    		 8,000                     
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively.
    		  8,000                    
      class c common stock, .0001 par value, 125,000,000 shares authorized, 78,163,078 shares issued and outstanding as of december 31, 2024 and 2023.
    		   8,000                   
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively.
    		    8,000                  
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively.
    		     8,000                 
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively.
    		      8,000                
      class c common stock, .0001 par value, 125,000,000 shares authorized, 78,163,078 shares issued and outstanding as of december 31, 2023 and 2022.
    		       8,000               
      property and equipment:
    		                      
      property and equipment, gross
    		        265,798,000 194,145,000             
      less: accumulated depreciation and amortization
    		        -41,556,000 -22,508,000             
      total property and equipment
    		        224,242,000 171,637,000 158,916,000 145,989,000 135,637,000 124,309,000 114,850,000 95,942,000 76,586,000 54,316,000     
      other non-current assets:
    		                      
      total other non-current assets
    		        14,817,000 15,256,000 14,699,000 24,073,000 25,325,000 27,629,000 26,807,000 12,191,000 13,832,000 13,742,000     
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively.
    		        8,000              
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively.
    		         8,000             
      bluewalker 3 satellite - construction in progress
    		          92,464,000 92,077,000 92,094,000 86,584,000 82,693,000 67,615,000 56,677,000 38,659,000     
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively.
    		          8,000            
      inventories
    		             3,520,000 1,827,000 1,412,000       
      goodwill
    		             3,355,000 3,546,000 3,641,000 3,704,000 3,792,000     
      deferred revenue
    		             7,490,000 7,800,000 6,636,000 4,850,000 5,104,000     
      class c common stock, .0001 par value, 125,000,000 shares authorized, 78,163,078 shares issued and outstanding as of december 31, 2022 and 2021, respectively.
    		           8,000           
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively.
    		            8,000          
      accumulated other comprehensive loss
    		            -271,000 -526,000 -505,000 -433,000 -394,000 -373,000     
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively.
    		             8,000         
      see accompanying notes to the condensed consolidated financial statements
    		                      
      class c common stock, .0001 par value; 125,000,000 shares authorized; 78,163,078 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively.
    		              8,000        
      class c common stock, .0001 par value, 125,000,000 shares authorized, 78,163,078 shares issued and outstanding as of december 31, 2021
    		               8,000       
      common equity
    		                      
      other assets and deposits
    		                3,010,000 2,891,000     
      liabilities and stockholders’ equity
    		                      
      stockholders’ equity
    		                      
      class c common stock, .0001 par value, 125,000,000 shares authorized, 78,163,078 shares issued and outstanding as of september 30, 2021
    		                8,000      
      common stock
    		                      
      total stockholders’ equity
    		                363,088,000 345,197,000 5,000,001 5,000,008 5,000,005 5,000,003 
      total liabilities and stockholders’ equity
    		                461,007,000 482,650,000 282,068,838 232,570,485 232,571,334 232,915,281 
      preferred stock, .0001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding as of june 30, 2021
    		                      
      class c common stock, .0001 par value, 125,000,000 shares authorized, 78,163,078 shares issued and outstanding as of june 30, 2021
    		                 8,000     
      current assets
    		                      
      cash
    		                  50,052,736 357,013 399,260 519,627 
      prepaid income tax
    		                  54,439    
      marketable securities held in trust account
    		                  231,913,996 232,143,216 232,074,711 232,255,412 
      current liabilities
    		                      
      accounts payable and accrued expenses
    		                  1,258,263 259,841 204,608 243,764 
      promissory note - related party
    		                  600,000    
      deferred tax liability
    		                   666 1,699 78,042 
      deposit from investors
    		                  50,000,000    
      deferred underwriting fee payable
    		                  8,050,000 8,050,000 8,050,000 8,050,000 
      preferred stock, 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
    		                      
      prepaid income taxes
    		                   14,603 1,002  
      income taxes payable
    		                     176,471 
      commitments
    		                      
      preferred stock, 0.0001 par value; 1,000,000 authorized; none issued and outstanding
    		                      
      retained earnings
    		                   1,395,905 1,450,954 1,502,931 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.