Total revenue increased 9% to $273.0 million in 2025, up from $250.3 million in 2024. Wholesale capacity services revenue grew 19% to $172.7 million in 2025, representing 63% of total revenue, primarily due to the Updated Services Agreements with Apple Inc. Operating income turned positive at $7.4 million in 2025, compared to an operating loss of $0.9 million in 2024. Net loss significantly reduced to $8.7 million in 2025 from $63.2 million in 2024. Cash and cash equivalents increased to $447.5 million as of December 31, 2025, from $391.2 million in 2024. Net cash provided by operating activities surged to $621.7 million in 2025, up from $439.2 million in 2024, largely due to Infrastructure Prepayment receipts. The company is investing heavily in its Extended MSS Network, with property and equipment (net) increasing to $1.31 billion in 2025 from $673.6 million in 2024. Acquired intellectual property assets from XCOM Labs, Inc. (now Virewirx, Inc.) in January 2026, enhancing wireless spectrum innovations. Released the RM200M two-way module in October 2025 and is developing new two-way Commercial IoT and SPOT products. Experienced a $7.0 million loss in Q1 2025 due to one second-generation satellite becoming inoperable.