SATL

MKT CAP:$677M

Satellogic Inc.

Market Cap

$677M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$6.81+$4.85 (+247.45%)

Apr 23, 2026

Company Details

Satellogic Inc. builds and operates nano satellites for commercial-grade Earth observation in real-time. It offers data streams that are used in decision-making processes for various branches of government, organizations, businesses, and in...

CEO

Emiliano Kargieman

IPO Date

Mar 26, 2021

Website

www.satellogic.com

Key Metrics TTM

Revenue

$18M

+29.1% YoY

Net Income

-$5M

EPS (Diluted)

-$0.34

Free Cash Flow

-$34M

Revenue / Share

$0.13

Gross Margin

28.8%

Operating Margin

-175.2%

Net Margin

-27.0%

FCF Margin

-193.5%

P/S

38.2x

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 19, 2026

$18M+37.6%EPS -$0.18

Q4 2025

Mar 19, 2026

$6MEPS $0.08

Q3 2025

Nov 10, 2025

$4MEPS -$0.02

Q2 2025

Aug 12, 2025

$4M+26.8%EPS -$0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$0	$0	-$5M
Q3 20	$0	$0	-$7M
Q4 20	$0	$0	-$6M
Q1 21	$853.1K	$227.7K	-$11M
Q2 21	$853.1K	$227.7K	-$11M
Q1 22	$1M	$529.5K	-$25M
Q3 22	$2M	$1M	-$20M
Q1 23	$2M	$535.5K	-$18M
Q3 23	$1M	-$5M	-$18M
Q4 23	$6M	$4M	-$15M
Q1 24	$3M	$2M	-$15M
Q2 24	$4M	$2M	-$15M
Q1 25	$3M	$2M	-$10M
Q2 25	$4M	$3M	-$6M
Q3 25	$4M	$2M	-$8M
Q4 25	$6M	-$3M	-$7M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	369.6x	—
Q2 21	183.1x	—
Q1 22	53.2x	—
Q3 22	80.6x	—
Q1 23	33.2x	—
Q3 23	17.4x	—
Q4 23	13.1x	—
Q1 24	12.1x	—
Q2 24	6.8x	—
Q1 25	21.7x	—
Q2 25	23.9x	—
Q3 25	22.9x	—
Q4 25	11.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$4M	-$7M
Q3 20	-$5M	-$6M
Q4 20	$1M	-$6M
Q1 21	-$6M	-$8M
Q2 21	-$6M	-$8M
Q1 22	-$17M	-$25M
Q3 22	-$20M	-$24M
Q1 23	-$13M	-$18M
Q3 23	$0	$0
Q4 23	-$13M	-$16M
Q1 24	-$10M	-$12M
Q2 24	-$14M	-$15M
Q1 25	-$5M	-$7M
Q2 25	-$4M	-$5M
Q3 25	-$8M	-$10M
Q4 25	-$9M	-$13M

Capital Expenditures

Quarter	CapEx
Q2 20	$4M
Q3 20	$829.2K
Q4 20	$7M
Q1 21	$2M
Q2 21	$2M
Q1 22	$8M
Q3 22	$4M
Q1 23	$5M
Q3 23	$0
Q4 23	$3M
Q1 24	$2M
Q2 24	$1M
Q1 25	$2M
Q2 25	$776.0K
Q3 25	$1M
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	—	-9.1%
Q3 20	—	+28.1%
Q4 20	—	+23.1%
Q1 21	—	+150.4%
Q2 21	—	+150.4%
Q1 22	—	+291.3%
Q3 22	—	+249.1%
Q1 23	+86.6%	+67.6%
Q3 23	+40.2%	+64.3%
Q4 23	+376.9%	-20.5%
Q1 24	+54.2%	-19.4%
Q2 24	+119.9%	-7.9%
Q1 25	+183.2%	-33.3%
Q2 25	-22.0%	-48.0%
Q3 25	+9.2%	-34.6%
Q4 25	+78.4%	-26.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$151.9K	—
Q3 20	$840.1K	—
Q4 20	$588.1K	—
Q1 21	$3M	309.7%
Q2 21	$3M	309.7%
Q1 22	$2M	187.8%
Q3 22	$2M	99.1%
Q1 23	$1M	89.2%
Q3 23	$0	0.0%
Q4 23	$2M	35.9%
Q1 24	$1M	43.4%
Q2 24	-$188.0K	-5.4%
Q1 25	$595.0K	17.6%
Q2 25	$576.0K	13.0%
Q3 25	$2M	45.5%
Q4 25	$1M	23.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 20	—	$2M	—	—
Q3 20	$3M	$2M	$71.0K	—
Q4 20	$3M	$2M	$44.0K	—
Q1 21	—	$4M	—	—
Q2 21	—	$4M	—	—
Q1 22	$3M	$6M	$913.5K	—
Q3 22	$4M	$6M	$804.0K	—
Q1 23	$3M	$5M	$195.0K	—
Q3 23	$2M	$6M	—	—
Q4 23	$3M	$8M	$415.0K	—
Q1 24	$4M	—	—	—
Q2 24	$138.0K	$13M	—	—
Q1 25	$2M	—	—	—
Q2 25	—	$7M	—	—
Q3 25	$3M	$9M	—	—
Q4 25	—	—	—	$7M

Revenue Segments

Quarter	Information Services
Q2 25	$4M

Revenue by Geography

Quarter	Asia Pacific	Europe	North America	South America
Q2 25	$415.0K	$480.0K	$3M	$138.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$124M	$0	$124M
Q2 22	$124M	$0	$124M
Q3 22	$77M	$0	$77M
Q4 22	$77M	$0	$77M
Q1 23	$42M	$0	$42M
Q2 23	$42M	$0	$42M
Q3 23	$31M	$0	$31M
Q4 23	$23M	$0	$23M
Q1 24	$26M	$0	$26M
Q2 24	$26M	$0	$26M
Q3 24	$22M	$0	$22M
Q4 24	$22M	$0	$22M
Q1 25	$18M	$0	$18M
Q2 25	$33M	$0	$33M
Q3 25	$28M	$0	$28M
Q4 25	$94M	$0	$94M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	50M	0.0%	-26.9%
Q3 20	50M	0.0%	-26.9%
Q4 20	50M	0.0%	-26.9%
Q1 21	60M	+18.4%	+18.4%
Q2 21	60M	0.0%	+18.4%
Q1 22	62M	+4.2%	+23.4%
Q3 22	90M	+45.6%	+79.6%
Q1 23	89M	-1.2%	+49.9%
Q3 23	90M	+0.5%	+50.6%
Q4 23	90M	-0.0%	+44.5%
Q1 24	91M	+0.9%	+0.1%
Q2 24	91M	+0.2%	+1.5%
Q1 25	97M	+6.6%	+7.7%
Q2 25	103M	+6.8%	+15.0%
Q3 25	131M	+26.9%	+44.7%
Q4 25	134M	+2.4%	+47.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q1 22	$3.7K	327
Q3 22	$6.6K	327
Q1 23	$4.2K	382
Q3 23	$3.1K	382
Q4 23	$20.8K	274
Q1 24	$12.1K	274
Q2 24	$12.8K	274
Q1 25	$24.7K	137
Q2 25	$32.4K	137
Q3 25	$26.5K	137
Q4 25	$40.6K	154

Revenue / Employee