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SATLW

Satellogic Inc.

SATLW

Satellogic Inc. • NASDAQ
$0.15 ▲ 16.00% (+0.02)
Market Cap $119.00 M
52w High $0.20
52w Low $0.13
Dividend Yield 0%
P/E 0
Volume 54.83K
Outstanding Shares 792.78M

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 Q1-2025Q2-2025Q3-2025
Information Services
Information Services
 $0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Satellogic still looks very early-stage from an income perspective. Revenue remains tiny and has not yet scaled in a meaningful way, which suggests the business is still in the build‑out and validation phase rather than in full commercial ramp‑up. Operating results have been consistently loss‑making for several years, and overall losses deepened again in the most recent year. That points to a company investing heavily ahead of revenue, with profitability likely a longer‑term rather than near‑term prospect. In plain terms: costs to build the platform and organization are far ahead of what the business is currently bringing in.

Balance Sheet

Balance Sheet The balance sheet shows strain. Total assets have drifted down from prior peaks, and cash has stepped down noticeably from earlier years, leaving a thinner financial cushion. Debt, which had been reduced, has risen again and now sits above the company’s equity base, which has turned negative. Negative equity means obligations are larger than reported assets, a sign of financial pressure and a reliance on lenders or new capital injections to keep funding operations. Overall, the balance sheet looks fragile and sensitive to any setbacks in funding or execution.

Cash Flow

Cash Flow Cash flow paints the picture of a company that is consistently using, not generating, cash. Operating cash flow has been negative every year, reflecting that the core business is not yet self‑funding. Free cash flow is also negative, as Satellogic continues to spend on building and maintaining its satellite infrastructure. While capital spending itself is not excessive, it adds to the cash burn on top of operating losses. With only a modest cash balance, the company’s ability to keep executing its plan depends heavily on continued access to external capital or larger contracts to narrow the cash drain.

Competitive Edge

Competitive Edge Strategically, Satellogic is trying to differentiate itself in Earth observation by offering high‑resolution imagery at lower cost through vertical integration and an agile, fast‑refresh satellite fleet. Its focus on frequent global remapping, analysis‑ready data, and government‑friendly, export‑flexible designs does set it apart from some rivals. Partnerships with analytics firms and early wins in defense and international markets show that the technology and proposition are gaining some traction. However, the company operates in a crowded, capital‑intensive field with established competitors, and its small scale and tight finances limit its bargaining power and resilience. The competitive story is promising on paper but still needs to be proven at commercial scale.

Innovation and R&D

Innovation and R&D Innovation is clearly a core strength. Satellogic designs and builds its own satellites, uses off‑the‑shelf components to keep costs down, and refreshes its constellation on a short cycle to keep technology current. The planned NextGen platform, with very sharp imagery and on‑orbit artificial intelligence, aims to move beyond just pictures to delivering near real‑time insights from space. The broader vision of a “Searchable Earth,” combined with AI‑first satellites and data‑analytics partnerships, shows an ambitious, R&D‑heavy roadmap. The key risk is execution: turning this innovation pipeline into a large, stable revenue base will require sustained investment, timely launches, and continued success in winning sizable commercial and government contracts.

Summary

Overall, Satellogic looks like a high‑innovation, high‑risk early‑stage space technology company. Its financial statements show very limited revenue, ongoing losses, negative equity, and persistent cash burn, all of which point to a strong dependence on outside funding and successful contract wins to continue its mission. At the same time, its technology vision—vertically integrated satellites, low‑cost high‑resolution imaging, and AI‑powered analytics—is differentiated and aligned with long‑term trends in geospatial data and defense. The core tension is clear: strong technological ambition and potential on one side, and a tight financial position with significant execution and funding risk on the other. How well the company can bridge that gap will determine its longer‑term trajectory.