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SATL

Satellogic Inc.

SATL

Satellogic Inc. • NASDAQ
$1.65 ▼ -0.60% (-0.01)
Market Cap $164.82 M
52w High $5.49
52w Low $1.25
Dividend Yield 0%
P/E -1.46
Volume 1.72M
Outstanding Shares 99.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.633M ▼ $10.544M ▲ $3.967M ▲ 109.194% ▲ $0.04 ▲ $5.588M ▲
Q2-2025 $4.44M ▲ $9.536M ▼ $-6.652M ▲ -149.82% ▲ $-0.065 ▲ $-4.841M ▲
Q1-2025 $3.387M ▲ $11.665M ▼ $-32.581M ▲ -961.943% ▲ $-0.34 ▲ $-6.828M ▲
Q4-2024 $3.021M $13.251M $-41.496M -1.374K% $-0.45 $-8.111M
Q3-2024 $3.021M $13.251M $-41.496M -1.374K% $-0.45 $-8.111M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $28.288M ▼ $70.874M ▼ $127.76M ▼ $-56.886M ▲
Q2-2025 $32.569M ▲ $73.846M ▲ $141.959M ▼ $-68.113M ▲
Q1-2025 $17.716M ▼ $61.402M ▼ $144.494M ▲ $-83.092M ▼
Q4-2024 $22.493M $61.691M $114.723M $-53.032M
Q3-2024 $22.493M $61.691M $114.723M $-53.032M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.967M ▲ $-8.371M ▼ $-1.338M ▼ $5.552M ▼ $-4.229M ▼ $-9.709M ▼
Q2-2025 $-6.652M ▲ $-4.342M ▲ $-776K ▲ $19.746M ▲ $14.671M ▲ $-5.118M ▲
Q1-2025 $-32.581M ▲ $-4.722M ▼ $-1.913M ▼ $1.684M ▼ $-4.774M ▼ $-6.635M ▼
Q4-2024 $-70.903M ▼ $-3.635M ▲ $-711K ▲ $10.11M ▲ $5.956M ▲ $-4.338M ▲
Q3-2024 $-12.09M $-8.364M $-1.001M $-16K $-9.053M $-9.365M

Revenue by Products

Product Q2-2025
Information Services
Information Services
 $0 ▲

Five-Year Company Overview

Income Statement

Income Statement Satellogic is still very much in the “build‑out” stage financially. Revenue remains very small, while losses are sizable and recurring each year. The income statement shows a business investing heavily ahead of scale: gross profit has started to appear, but operating and net results are still solidly negative. There are signs of cost control versus earlier years, yet the company is far from covering its operating structure with its current level of sales. Overall, this is a high‑growth, early‑stage profile where profitability is still a distant objective rather than a near‑term reality.

Balance Sheet

Balance Sheet The balance sheet looks thin and somewhat fragile. Total assets and cash are modest, and cash has come down from earlier peaks. Debt has increased recently, and shareholder equity, which had turned positive for a time, has slipped back into negative territory, reflecting cumulative losses. This combination points to a capital‑intensive business that may need continued external funding and careful balance‑sheet management to support its growth plans and ongoing operations.

Cash Flow

Cash Flow Cash flows are consistently negative, especially from day‑to‑day operations, indicating the business is not yet self‑funding. Free cash flow has been negative every year, though capital spending itself is not extreme; the main drain is the core business still consuming more cash than it generates. This pattern is typical for an early‑stage, technology‑heavy company but underscores dependency on outside capital until revenue scale and margins improve meaningfully.

Competitive Edge

Competitive Edge Competitively, Satellogic is trying to stand out through lower‑cost satellite production, high‑resolution imagery, and frequent coverage, supported by a vertically integrated model. Its “constellation‑as‑a‑service” approach and focus on government and defense clients give it some differentiated offerings. However, it operates in a crowded Earth‑observation market with well‑funded rivals and rapid technological change. Its cost advantages and specialized products are strengths, but the company still needs to prove it can convert those into durable, large‑scale commercial relationships.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. Satellogic designs and builds its own satellites, uses proprietary camera technology, and combines multispectral and hyperspectral imaging on a single platform. The roadmap includes higher‑resolution satellites, on‑orbit AI processing, and a “Searchable Earth” platform that aims to make geospatial data easier to use. These efforts, plus secured contracts around AI‑driven analytics, signal strong commitment to R&D. The key uncertainty is execution: turning advanced technology and ambitious concepts into reliable, profitable products at scale.

Summary

Overall, Satellogic looks like a technology‑rich, early‑stage space company with promising capabilities but a still‑weak financial foundation. The business model and product suite are differentiated, and the company is pushing hard on innovation and cost efficiency in a high‑potential niche. At the same time, recurring losses, ongoing cash burn, rising leverage, and thin equity highlight financial risk and the need for continued capital access. Future performance will likely hinge on the company’s ability to grow revenue meaningfully, manage costs, and convert its technical edge and contracts into a sustainable, cash‑generating operation.

NEWS

November 10, 2025 · 4:49 PM UTC

Satellogic Reports Third Quarter Financial Results

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October 15, 2025 · 4:36 PM UTC

Satellogic Announces Proposed Public Offering of Class A Common Stock

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October 13, 2025 · 4:30 PM UTC

Satellogic Launches Very-High Resolution NextGen Satellite Platform for Sovereign, AI-First Earth Observation Missions

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September 3, 2025 · 8:00 AM UTC

Satellogic Signs Exclusive Seven-Figure Agreement with Suhora to Expand Earth Observation Data Services in India

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