Quarterly report [Sections 13 or 15(d)]

Discontinued Operations (Tables)

v3.26.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following table summarizes the results of operations of the Passenger business, which are presented as discontinued operations:

Three Months Ended September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Revenue $ —  $ 32,505  $ —  $ 76,556 
Cost of revenue
 —  21,495  —  53,673 
Gross profit —  11,010  —  22,883 
Operating expenses:
Selling, general and administrative
 —  3,653  —  17,144 
Amortization of intangible assets
 —  166  —  759 
Total operating expenses
 —  3,819  —  17,903 
Operating income —  7,191  —  4,980 
Interest expense —  —  —  — 
Gain (loss) on sale of Passenger business —  60,435  (344) 60,435 
Income (loss) from discontinued operations before income taxes
 —  67,626  (344) 65,415 
Income tax expense (benefit) on discontinued operations —  553  (96) 557 
Net income (loss) from discontinued operations $ —  $ 67,073  $ (248) $ 64,858 
The following table presents depreciation and amortization, capital expenditures and other non-cash operating activities of the discontinued operations related to the Passenger business:
Three Months Ended September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Depreciation and amortization
 $ —  $ 259  $ —  $ 1,285 
Capital expenditures
 —  108  —  296 
Stock-based compensation —  34  —  874 
(Gain) loss on sale of Passenger business —  (60,435) 344  (60,435)