What is Satellogic Inc's earnings per share (EPS)?

Satellogic Inc (SATL) reported diluted earnings per share of $-0.18 for fiscal year 2025. This represents a 85.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Satellogic Inc Financials

SATL

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Satellogic Inc (SATL) financial statements, including the 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).

Rhea AI SATL FY2025 2026-06-17

Satellogic’s FY2025 improvement came from much richer gross profit and a financing-led balance-sheet reset, not cash self-sufficiency.

From FY2023 to FY2025, gross margin expansion from 49.8% to 72.5% paired with lower SG&A and R&D, which materially reduced the operating loss. Yet cash conversion still lagged: FY2025 operating cash flow was -$26.9M while receivables and inventory climbed, so the cleaner earnings profile has not become self-funding operations.

FY2025 was a balance-sheet reset: cash reached $94.4M and equity moved back into positive territory after FY2024’s deficit. Because financing cash flow was $112.5M, that stronger liquidity came mainly from new capital rather than internally generated cash.

The business is still overhead-heavy and capital-consuming: SG&A alone was $25.7M against revenue of $17.7M, so sales still do not cover the full operating platform. Free cash flow stayed at -$34.3M, showing that even with better gross economics, ongoing investment and working-capital needs continue to absorb cash.

Financial Health Signals

Financial Health Score 55/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Satellogic Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

0.65

Satellogic Inc scores 0.65, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($638.9M) relative to total liabilities ($90.8M). 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.

Piotroski F-Score Partial

3/7

Satellogic Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

5.62x

For every $1 of reported earnings, Satellogic Inc generates $5.62 in operating cash flow (-$26.9M OCF vs -$4.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$17.7M

YoY+37.6%

Satellogic Inc generated $17.7M in revenue in fiscal year 2025. This represents an increase of 37.6% from the prior year.

EBITDA

-$23.3M

YoY+41.1%

Satellogic Inc's EBITDA was -$23.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.1% from the prior year.

Net Income

-$4.8M

YoY+95.9%

Satellogic Inc reported -$4.8M in net income in fiscal year 2025. This represents an increase of 95.9% from the prior year.

EPS (Diluted)

$-0.18

YoY+85.9%

Satellogic Inc earned $-0.18 per diluted share (EPS) in fiscal year 2025. This represents an increase of 85.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$34.3M

YoY+16.3%

Satellogic Inc generated -$34.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 16.3% from the prior year.

Cash & Debt

$94.4M

YoY+319.8%

5Y CAGR+40.5%

Satellogic Inc held $94.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

72.5%

YoY+11.5pp

Satellogic Inc's gross margin was 72.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 11.5 percentage points from the prior year.

Operating Margin

-175.2%

YoY+230.5pp

Satellogic Inc's operating margin was -175.2% in fiscal year 2025, reflecting core business profitability. This is up 230.5 percentage points from the prior year.

Net Margin

-27.0%

YoY+876.4pp

Satellogic Inc's net profit margin was -27.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 876.4 percentage points from the prior year.

Return on Equity

-7.9%

Satellogic Inc's ROE was -7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$5.0M

YoY-33.3%

5Y CAGR-3.3%

Satellogic Inc invested $5.0M in research and development in fiscal year 2025. This represents a decrease of 33.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$7.4M

YoY+46.4%

5Y CAGR-14.1%

Satellogic Inc invested $7.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 46.4% from the prior year.

SATL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$17.7M+37.6%	$12.9M+27.8%	$10.1M+67.6%	$6.0M+41.6%	$4.2M	$0
Cost of Revenue	$4.9M-2.9%	$5.0M-0.6%	$5.1M+54.0%	$3.3M+75.1%	$1.9M	$0
Gross Profit	$12.8M+63.5%	$7.8M+56.4%	$5.0M+83.9%	$2.7M+15.1%	$2.4M	$0
R&D Expenses	$5.0M-33.3%	$7.5M-29.9%	$10.7M-18.0%	$13.1M+35.5%	$9.6M+62.7%	$5.9M
SG&A Expenses	$25.7M-22.0%	$33.0M-5.7%	$35.0M-6.0%	$37.2M+1.5%	$36.6M+357.8%	$8.0M
Operating Income	-$31.0M+40.6%	-$52.2M+24.8%	-$69.4M+23.6%	-$90.9M-32.4%	-$68.6M-206.3%	-$22.4M
Interest Expense	N/A	N/A	$0-100.0%	$1.7M-82.6%	$9.7M+22465.1%	$43K
Income Tax	$673K-76.5%	$2.9M-68.5%	$9.1M+98.6%	$4.6M+2071.1%	-$232K-256.8%	$148K
Net Income	-$4.8M+95.9%	-$116.3M-90.6%	-$61.0M-66.5%	-$36.6M+62.0%	-$96.3M-347.3%	-$21.5M
EPS (Diluted)	$-0.18+85.9%	$-1.28-88.2%	$-0.68-3.0%	$-0.66+88.6%	$-5.78-331.3%	$-1.34

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6.1M-2.2%	$6.2M+72.0%	$3.6M-18.2%	$4.4M+31.1%	$3.4M+5.1%	$3.2M+14.4%	$2.8M-19.5%	$3.5M
Cost of Revenue	$1.5M+13.4%	$1.3M+9.2%	$1.2M-1.5%	$1.2M-3.9%	$1.2M-0.4%	$1.2M+1.1%	$1.2M-1.7%	$1.2M
Gross Profit	$4.7M-6.3%	$5.0M+101.8%	$2.5M-24.3%	$3.3M+51.2%	$2.1M+8.5%	$2.0M+24.7%	$1.6M-29.4%	$2.3M
R&D Expenses	$1.4M+16.7%	$1.2M0.0%	$1.2M0.0%	$1.2M-14.3%	$1.4M-17.6%	$1.7M+30.8%	$1.3M-43.5%	$2.3M
SG&A Expenses	$6.5M-12.5%	$7.5M+16.6%	$6.4M+19.6%	$5.4M-17.3%	$6.5M-12.4%	$7.4M+11.1%	$6.7M-30.2%	$9.5M
Operating Income	-$6.4M+10.9%	-$7.1M+11.7%	-$8.1M-28.6%	-$6.3M+33.9%	-$9.5M+16.8%	-$11.4M+0.5%	-$11.5M+21.7%	-$14.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$40K+133.1%	-$121K-201.7%	$119K+397.5%	-$40K-105.6%	$715K-9.4%	$789K+180.8%	$281K-20.8%	$355K
Net Income	-$118.3M-488.1%	$30.5M+668.4%	$4.0M+159.6%	-$6.7M+79.6%	-$32.6M+54.0%	-$70.9M-486.5%	-$12.1M+33.2%	-$18.1M
EPS (Diluted)	$-0.84	N/A	$-0.02+66.7%	$-0.06+82.4%	$-0.34	N/A	$-0.13+35.0%	$-0.20

SATL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$151.3M+145.3%	$61.7M-19.2%	$76.4M-46.9%	$143.9M+188.2%	$49.9M	N/A
Current Assets	$115.2M+313.3%	$27.9M+4.9%	$26.6M-67.3%	$81.2M+553.9%	$12.4M	N/A
Cash & Equivalents	$94.4M+319.8%	$22.5M-4.2%	$23.5M-69.3%	$76.5M+796.8%	$8.5M-50.6%	$17.3M
Inventory	$2.1M	$0	N/A	N/A	N/A	N/A
Accounts Receivable	$8.5M+483.9%	$1.5M+62.5%	$901K-35.1%	$1.4M+16.1%	$1.2M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$90.8M-20.9%	$114.7M+364.3%	$24.7M-34.4%	$37.7M-87.9%	$310.7M	N/A
Current Liabilities	$22.5M-35.0%	$34.6M+61.8%	$21.4M-28.9%	$30.1M-89.4%	$283.7M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$108.5M	N/A
Total Equity	$60.5M+214.1%	-$53.0M-202.6%	$51.7M-51.3%	$106.2M+140.7%	-$260.7M-909.5%	-$25.8M
Retained Earnings	-$404.9M-1.2%	-$400.1M-41.0%	-$283.8M-27.4%	-$222.8M-19.7%	-$186.2M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$188.1M+24.3%	$151.3M+113.5%	$70.9M-4.0%	$73.8M+20.3%	$61.4M-0.5%	$61.7M	N/A	$76.6M
Current Assets	$144.5M+25.5%	$115.2M+224.3%	$35.5M-4.9%	$37.3M+55.0%	$24.1M-13.5%	$27.9M	N/A	$31.6M
Cash & Equivalents	$121.9M+29.1%	$94.4M+233.8%	$28.3M-13.1%	$32.6M+83.8%	$17.7M-21.2%	$22.5M+26.9%	$17.7M-30.8%	$25.6M
Inventory	$2.4M+12.9%	$2.1M	N/A	N/A	N/A	$0	N/A	N/A
Accounts Receivable	$10.0M+16.6%	$8.5M+230.5%	$2.6M+149.1%	$1.0M-42.3%	$1.8M+22.9%	$1.5M	N/A	$1.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$213.6M+135.3%	$90.8M-28.9%	$127.8M-10.0%	$142.0M-1.8%	$144.5M+26.0%	$114.7M	N/A	$57.5M
Current Liabilities	$59.1M+162.7%	$22.5M-31.6%	$32.9M-13.7%	$38.1M-8.3%	$41.6M+20.1%	$34.6M	N/A	$18.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$36.4M
Total Equity	-$25.5M-142.2%	$60.5M+206.4%	-$56.9M+16.5%	-$68.1M+18.0%	-$83.1M-56.7%	-$53.0M-782.6%	$7.8M-59.2%	$19.1M
Retained Earnings	-$523.2M-29.2%	-$404.9M+7.0%	-$435.4M+0.9%	-$439.3M-1.5%	-$432.7M-8.1%	-$400.1M	N/A	-$317.1M

SATL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$26.9M+25.1%	-$35.9M+27.6%	-$49.6M+27.6%	-$68.5M-140.7%	-$28.4M-154.5%	-$11.2M
Capital Expenditures	$7.4M+46.4%	$5.0M-66.2%	$14.9M-45.4%	$27.3M+142.6%	$11.2M-28.8%	$15.8M
Free Cash Flow	-$34.3M+16.3%	-$40.9M+36.5%	-$64.5M+32.7%	-$95.7M-141.3%	-$39.7M-47.1%	-$27.0M
Investing Cash Flow	-$7.4M-46.6%	-$5.0M+65.1%	-$14.4M+53.2%	-$30.9M-174.7%	-$11.2M+28.8%	-$15.8M
Financing Cash Flow	$112.5M+200.4%	$37.5M+45226.5%	-$83K-100.1%	$164.3M+473.9%	$28.6M+57.8%	$18.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$8.6M	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$158K+101.7%	-$9.5M-12.9%	-$8.4M-92.8%	-$4.3M+8.0%	-$4.7M-29.9%	-$3.6M+56.5%	-$8.4M+39.3%	-$13.8M
Capital Expenditures	$5.5M+65.7%	$3.3M+150.3%	$1.3M+72.4%	$776K-59.4%	$1.9M+172.1%	$703K-29.8%	$1.0M-28.1%	$1.4M
Free Cash Flow	-$5.4M+57.9%	-$12.8M-31.8%	-$9.7M-89.7%	-$5.1M+22.9%	-$6.6M-53.0%	-$4.3M+53.7%	-$9.4M+38.3%	-$15.2M
Investing Cash Flow	-$5.5M-65.7%	-$3.3M-150.3%	-$1.3M-72.4%	-$776K+59.4%	-$1.9M-169.1%	-$711K+29.0%	-$1.0M+27.4%	-$1.4M
Financing Cash Flow	$32.5M-62.0%	$85.5M+1440.5%	$5.6M-71.9%	$19.7M+1072.6%	$1.7M-83.3%	$10.1M+63287.5%	-$16K-100.1%	$27.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SATL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	72.5%+11.5pp	61.0%+11.2pp	49.8%+4.4pp	45.4%-10.5pp	55.8%	N/A
Operating Margin	-175.2%+230.5pp	-405.6%+283.3pp	-688.9%+822.5pp	-1511.4%+104.6pp	-1616.1%	N/A
Net Margin	-27.0%+876.4pp	-903.4%-297.7pp	-605.7%+3.8pp	-609.5%+1658.1pp	-2267.6%	N/A
Return on Equity	-7.9%	N/A	-118.1%-83.6pp	-34.5%	N/A	N/A
Return on Assets	-3.2%+185.3pp	-188.5%-108.6pp	-79.9%-54.4pp	-25.5%+167.5pp	-192.9%	N/A
Current Ratio	5.12+4.3	0.80-0.4	1.24-1.5	2.70+2.7	0.04	N/A
Debt-to-Equity	1.50+3.7	-2.16-2.6	0.48+0.1	0.35+0.8	-0.42	N/A
FCF Margin	-193.5%+124.5pp	-318.0%+321.8pp	-639.8%+952.2pp	-1592.0%-657.9pp	-934.1%	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	76.2%-3.3pp	79.5%+11.8pp	67.8%-5.4pp	73.2%+9.7pp	63.5%+2.0pp	61.5%+5.1pp	56.4%-7.9pp	64.3%
Operating Margin	-104.2%+10.1pp	-114.3%+108.2pp	-222.5%-80.9pp	-141.6%+139.4pp	-280.9%+73.8pp	-354.7%+53.4pp	-408.1%+11.1pp	-419.2%
Net Margin	-1937.2%-2425.1pp	488.0%+378.8pp	109.2%+259.0pp	-149.8%+812.1pp	-961.9%+1237.3pp	-2199.2%-1770.0pp	-429.2%+87.8pp	-517.0%
Return on Equity	N/A	50.4%	N/A	N/A	N/A	N/A	-155.6%-60.7pp	-95.0%
Return on Assets	-62.9%-83.1pp	20.2%+14.6pp	5.6%+14.6pp	-9.0%+44.0pp	-53.1%+61.9pp	-114.9%	N/A	-23.6%
Current Ratio	2.44-2.7	5.12+4.0	1.08+0.1	0.98+0.4	0.58-0.2	0.80	N/A	1.72
Debt-to-Equity	-8.37-9.9	1.50+3.7	-2.25-0.2	-2.08-0.3	-1.74+0.4	-2.16	N/A	1.91
FCF Margin	-88.3%+116.6pp	-204.9%+62.3pp	-267.2%-152.0pp	-115.3%+80.6pp	-195.9%-61.4pp	-134.5%+197.9pp	-332.4%+100.8pp	-433.2%

Similar Companies

Park Aerospace Corp PKE

$699.8M

Vertical Aerospace Ltd EVTL

$208.8M

Tat Techn TATT

$574.6M

Byrna Technologies Inc BYRN

$80.3M

Smith & Wesson Brands Inc SWBI

$679.4M

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 income of -$4.8M in fiscal year 2025, 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.

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 operating margin?

Satellogic Inc (SATL) had an operating margin of -175.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

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) generated -$34.3M in free cash flow during fiscal year 2025. This represents a 16.3% change compared to the previous fiscal year. 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) generated -$26.9M in operating cash flow during fiscal year 2025, representing cash generated from 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 1.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder 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 cash runway?

Based on fiscal year 2025 data, Satellogic Inc (SATL) had $94.4M in cash against an annual operating cash burn of $26.9M. This gives an estimated cash runway of approximately 42 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Satellogic Inc's Altman Z-Score?

Satellogic Inc (SATL) has an Altman Z-Score of 0.65, 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 3 out of 7 computable signals; 2 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) has an earnings quality ratio of 5.62x, considered low quality (accrual-driven). 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.

How financially healthy is Satellogic Inc?

Satellogic Inc (SATL) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.