Satellogic (SATL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SATL SEC filings page.
Satellogic Inc. (SATL) reported $31.9M in revenue over the twelve months to Jun 30, 2026, up 130.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Satellogic's 2025 improvement came from sharply better margins and spending discipline, but operations still consumed cash and relied on financing.
Revenue grew37.6% from FY2024 to FY2025 while gross profit rose63.5% , indicating margin expansion outpaced volume. At the same time, SG&A fell22.0% and operating cash flow remained negative at-$26.9M , so accounting improvement has not yet become self-funding operations.
Gross margin expanded
The balance sheet recovered from FY2024's negative equity to
Financial Health Signals
Satellogic Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Satellogic Inc. scores 0.44, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $404.9M against total assets of $151.3M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Satellogic Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Satellogic Inc. reported a net loss of $4.8M while operations used $26.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Satellogic Inc. generated $15.9M in revenue in Q2 2026. This represents an increase of 258.5% from the same quarter a year earlier. Against the prior quarter it is up 160.7%.
Satellogic Inc.'s EBITDA was $1.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Satellogic Inc. reported a net loss of $20.0M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Satellogic Inc. earned -$0.13 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Satellogic Inc. recorded an outflow of $14.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Satellogic Inc. held $112.8M in cash against $89.7M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Satellogic Inc.'s gross margin was 82.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 9.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
Satellogic Inc.'s operating margin was 1.7% in Q2 2026, reflecting core business profitability. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Satellogic Inc.'s quarterly ROE was -59.2% in Q2 2026: one quarter's net income over shareholder equity, not annualized.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Satellogic Inc. invested $1.5M in research and development in Q2 2026. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 7.1%.
Satellogic Inc. invested $5.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 626.2% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.
Not reported for Q2 2026.
SATL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.9M+258.5% | $6.1M+80.3% | $6.2M+93.8% | $3.6M+29.0% | $4.4M+26.8% | $3.4M+1.8% | $3.2M | $2.8M |
| Cost of Revenue | $2.8M+137.3% | $1.5M+17.3% | $1.3M+3.0% | $1.2M-4.6% | $1.2M-4.8% | $1.2M-5.2% | $1.2M | $1.2M |
| Gross Profit | $13.1M+302.9% | $4.7M+116.6% | $5.0M+150.7% | $2.5M+54.9% | $3.3M+44.4% | $2.1M+6.3% | $2.0M | $1.6M |
| R&D Expenses | $1.5M+25.0% | $1.4M0.0% | $1.2M-29.4% | $1.2M-7.7% | $1.2M-47.8% | $1.4M-36.4% | $1.7M | $1.3M |
| SG&A Expenses | $8.6M+60.6% | $6.5M+0.9% | $7.5M+1.0% | $6.4M-3.7% | $5.4M-43.8% | $6.5M-30.9% | $7.4M | $6.7M |
| Operating Income | $266Kn/m | -$6.4Mn/m | -$7.1Mn/m | -$8.1Mn/m | -$6.3Mn/m | -$9.5Mn/m | -$11.4M | -$11.5M |
| EBITDA | $1.4Mn/m | -$5.0Mn/m | -$5.4Mn/m | -$6.6Mn/m | -$4.4Mn/m | -$6.8Mn/m | -$8.3M | -$7.9M |
| Income Tax | $1.9Mn/m | $40K-94.4% | -$121K-115.3% | $119K-57.7% | -$40K-111.3% | $715K-50.1% | $789K | $281K |
| Net Income | -$20.0Mn/m | -$118.3Mn/m | $30.5Mn/m | $4.0Mn/m | -$6.7Mn/m | -$32.6Mn/m | -$70.9M | -$12.1M |
| EPS (Basic) | -$0.13n/m | -$0.84n/m | $0.31 | $0.04n/m | -$0.06n/m | -$0.34n/m | -$0.78 | -$0.13 |
| EPS (Diluted) | -$0.13n/m | -$0.84n/m | $0.17 | -$0.02n/m | -$0.06n/m | -$0.34n/m | -$0.78 | -$0.13 |
| Diluted Shares (Avg) | 151M+45.9% | 141M+45.8% | N/A | 131M+43.6% | 103M+13.8% | 97M+7.0% | N/A | 91M |
Not reported in any period shown, so not listed: Interest Expense.
SATL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $196.2M+165.8% | $188.1M+206.3% | $151.3M+145.3% | $70.9M | $73.8M-3.6% | $61.4M | $61.7M-19.2% | N/A |
| Current Assets | $139.6M+273.8% | $144.5M+499.8% | $115.2M+313.3% | $35.5M | $37.3M+18.0% | $24.1M | $27.9M+4.9% | N/A |
| Cash & Equivalents | $112.8M+246.4% | $121.9M+588.0% | $94.4M+319.8% | $28.3M+59.6% | $32.6M+27.2% | $17.7M+37.3% | $22.5M-4.2% | $17.7M |
| Short-Term Investments | N/A | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $1.8M | $2.4M | $2.1Mn/m | N/A | N/A | N/A | $0 | N/A |
| Accounts Receivable | $9.5M+817.1% | $10.0M+453.9% | $8.5M+483.9% | $2.6M | $1.0M-38.2% | $1.8M | $1.5M+62.5% | N/A |
| Long-Term Investments | N/A | $0n/m | N/A | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $162.4M+14.4% | $213.6M+47.8% | $90.8M-20.9% | $127.8M | $142.0M+146.7% | $144.5M | $114.7M+364.3% | N/A |
| Current Liabilities | $59.8M+56.7% | $59.1M+42.1% | $22.5M-35.0% | $32.9M | $38.1M+107.4% | $41.6M | $34.6M+61.8% | N/A |
| Non-Current Liabilities | $102.6M-1.2% | $154.5M+50.1% | $68.3M-14.8% | $94.9M | $103.8M+165.2% | $102.9M | $80.1M+2316.3% | N/A |
| Long-Term Debt | $89.7M-8.2% | $142.6M+47.6% | $56.1M-29.0% | $89.0M | $97.7M+168.2% | $96.6M | $79.1Mn/m | N/A |
| Total Equity | $33.9Mn/m | -$25.5Mn/m | $60.5Mn/m | -$56.9M-832.2% | -$68.1M-457.3% | -$83.1M-320.9% | -$53.0M-202.6% | $7.8M |
| Retained Earnings | -$543.2Mn/m | -$523.2Mn/m | -$404.9Mn/m | -$435.4M | -$439.3Mn/m | -$432.7M | -$400.1Mn/m | N/A |
Not reported in any period shown, so not listed: Goodwill.
SATL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.6Mn/m | $158Kn/m | -$9.5Mn/m | -$8.4Mn/m | -$4.3Mn/m | -$4.7Mn/m | -$3.6M | -$8.4M |
| Depreciation & Amortization | $1.1M-38.0% | $1.4M-48.2% | $1.7M-45.6% | $1.5M-58.0% | $1.8M-40.4% | $2.7M-5.6% | $3.1M | $3.6M |
| Stock-Based Compensation | N/A | $735K+23.5% | N/A | N/A | N/A | $595K-58.9% | N/A | N/A |
| Capital Expenditures | $5.6M+626.2% | $5.5M+190.1% | $3.3M+376.4% | $1.3M+33.7% | $776K-44.3% | $1.9M-1.5% | $703K | $1.0M |
| Free Cash Flow | -$14.3Mn/m | -$5.4Mn/m | -$12.8Mn/m | -$9.7Mn/m | -$5.1Mn/m | -$6.6Mn/m | -$4.3M | -$9.4M |
| Investing Cash Flow | $2.7Mn/m | -$5.5Mn/m | -$3.3Mn/m | -$1.3Mn/m | -$776Kn/m | -$1.9Mn/m | -$711K | -$1.0M |
| Financing Cash Flow | -$164K-100.8% | $32.5M+1830.1% | $85.5M+746.0% | $5.6Mn/m | $19.7M-28.3% | $1.7Mn/m | $10.1M | -$16K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SATL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.3%+9.1pp | 76.2%+12.8pp | 79.5%+18.1pp | 67.8%+11.4pp | 73.2%+8.9pp | 63.5%+2.7pp | 61.5% | 56.4% |
| Operating Margin | 1.7% | -104.2% | -114.3% | -222.5% | -141.6% | -280.9% | -354.7% | -408.1% |
| Net Margin | -125.9% | -1937.2% | 488.0% | 109.2% | -149.8% | -961.9% | -2199.2% | -429.2% |
| Return on Equity | -59.2% | N/A | 50.4% | N/A | N/A | N/A | N/A | -155.6% |
| Return on Assets | -10.2%-1.2pp | -62.9%-9.9pp | 20.2%+135.1pp | 5.6% | -9.0%+14.6pp | -53.1% | -114.9% | N/A |
| Current Ratio | 2.34+1.4x | 2.44+1.9x | 5.12+4.3x | 1.08 | 0.98-0.7x | 0.58 | 0.80-0.4x | N/A |
| Debt-to-Equity | 2.65 | N/A | 0.93 | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 4.79 | N/A | 1.50 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.080.0x | 0.030.0x | 0.040.0x | 0.05 | 0.060.0x | 0.06 | 0.05 | N/A |
| FCF Margin | -89.6% | -88.3% | -204.9% | -267.2% | -115.3% | -195.9% | -134.5% | -332.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Satellogic Inc. SATL | FY2025 | $17.7M | -$4.8M | -27.0% | $607.3M | — |
| Park Aerospace Corp. PKE | FY2026 | $73.3M | $11.3M | 15.4% | $585.6M | 79/100 |
| Vertical Aerospace Ltd. EVTL | FY2025 | N/A | $313.2M | N/A | $73.8M | — |
| TAT Technologies Ltd TATT | FY2025 | $178.0M | $16.8M | 9.4% | $428.4M | 66/100 |
| Byrna Technologies, Inc. BYRN | FY2025 | $118.1M | $9.7M | 8.2% | $110.7M | 60/100 |
| Smith & Wesson Brands, Inc. SWBI | FY2026 | $523.8M | $18.5M | 3.5% | $622.4M | 54/100 |
Where Satellogic Inc. Ranks
Frequently Asked Questions
What is Satellogic Inc.'s annual revenue?
Satellogic Inc. (SATL) reported $17.7M in total revenue for fiscal year 2025. This represents a 37.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Satellogic Inc.'s revenue growing?
Satellogic Inc. (SATL) revenue grew by 37.6% year-over-year, from $12.9M to $17.7M in fiscal year 2025.
Is Satellogic Inc. profitable?
No, Satellogic Inc. (SATL) reported a net loss of $103.9M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $4.8M, with a net profit margin of -27.0%.
What is Satellogic Inc.'s EBITDA?
Satellogic Inc. (SATL) had EBITDA of -$23.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Satellogic Inc. have?
As of fiscal year 2025, Satellogic Inc. (SATL) had $94.4M in cash and equivalents against $56.1M in long-term debt.
What is Satellogic Inc.'s gross margin?
Satellogic Inc. (SATL) had a gross margin of 72.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Satellogic Inc.'s net profit margin?
Satellogic Inc. (SATL) had a net profit margin of -27.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Satellogic Inc.'s return on equity (ROE)?
Satellogic Inc. (SATL) has a return on equity of -7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Satellogic Inc.'s free cash flow?
Satellogic Inc. (SATL) recorded an outflow of $34.3M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Satellogic Inc.'s operating cash flow?
Satellogic Inc. (SATL) recorded an outflow of $26.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Satellogic Inc.'s total assets?
Satellogic Inc. (SATL) had $151.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Satellogic Inc.'s capital expenditures?
Satellogic Inc. (SATL) invested $7.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Satellogic Inc. spend on research and development?
Satellogic Inc. (SATL) invested $5.0M in research and development during fiscal year 2025.
What is Satellogic Inc.'s current ratio?
Satellogic Inc. (SATL) had a current ratio of 5.12 as of fiscal year 2025, which is generally considered healthy.
What is Satellogic Inc.'s debt-to-equity ratio?
Satellogic Inc. (SATL) had a debt-to-equity ratio of 0.93 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Satellogic Inc.'s liabilities-to-equity ratio?
Satellogic Inc. (SATL) had a liabilities-to-equity ratio of 1.50 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Satellogic Inc.'s return on assets (ROA)?
Satellogic Inc. (SATL) had a return on assets of -3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Satellogic Inc.'s P/E ratio?
Satellogic Inc. (SATL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $607.3M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Satellogic Inc.'s price-to-sales ratio?
Satellogic Inc. (SATL) trades at 19.0x sales, its market capitalization divided by $31.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $607.3M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Satellogic Inc.'s Altman Z-Score?
Satellogic Inc. (SATL) has an Altman Z-Score of 0.44, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Satellogic Inc.'s Piotroski F-Score?
Satellogic Inc. (SATL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Satellogic Inc.'s earnings high quality?
Satellogic Inc. (SATL) reported a net loss of $4.8M while operations used $26.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.