SATL · Satellogic Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.11M | - | $2.82M | $4.44M | $3.33M | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $1.40M | - | $1.30M | $2.30M | $2.20M | - | - | - | - | - |
| SG&A | $6.54M | - | $6.41M | $9.54M | $9.39M | - | - | - | - | - |
| Total Operating Expenses | $12.47M | - | $11.71M | $18.18M | $17.93M | - | - | - | - | - |
| D&A | $1.39M | - | $3.58M | $3.10M | $2.85M | - | - | - | - | - |
| Operating Income | ($6.36M) | - | ($8.08M) | ($6.29M) | ($14.60M) | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $40.0K | - | $281.0K | $355.0K | $1.43M | - | - | - | - | - |
| Net Income | ($118.30M) | - | $3.97M | ($15.18M) | ($15.18M) | - | - | - | - | - |
| EPS - Basic | ($0.84) | - | ($0.13) | ($0.20) | ($0.17) | - | - | - | - | - |
| EPS - Diluted | ($0.84) | - | ($0.13) | ($0.20) | ($0.17) | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $121.89M | $94.43M | $28.29M | $32.57M | $17.72M | $22.49M | $25.61M | $23.48M | $41.98M | $76.53M |
| Accounts Receivable | $9.96M | $8.55M | $2.59M | $1.04M | $1.80M | $1.46M | $1.68M | $901.0K | $1.77M | $1.39M |
| Inventory | $2.36M | $2.09M | - | - | - | $0 | - | - | - | - |
| Accounts Payable | $3.75M | $2.43M | $2.40M | $2.89M | $3.74M | $3.75M | $9.47M | $7.93M | $4.61M | $9.85M |
| Current Assets | $144.53M | $115.17M | $35.51M | $37.34M | $24.09M | $27.86M | $31.63M | $26.55M | $47.78M | $81.24M |
| Total Assets | $188.06M | $151.30M | $70.87M | $73.85M | $61.40M | $61.69M | $76.60M | $76.38M | $108.89M | $143.85M |
| Current Liabilities | $59.11M | $22.50M | $32.90M | $38.12M | $41.59M | $34.62M | $18.38M | $21.39M | $19.77M | $30.07M |
| Long-term Debt | - | - | - | - | - | - | $36.43M | - | - | - |
| Total Liabilities | $213.59M | $90.78M | $127.76M | $141.96M | $144.49M | $114.72M | $57.53M | $24.71M | $29.65M | $37.66M |
| Stockholders' Equity | ($25.53M) | $60.53M | ($56.89M) | ($68.11M) | ($83.09M) | ($53.03M) | $19.06M | $51.67M | $79.25M | $106.20M |
| Retained Earnings | ($523.19M) | ($404.89M) | ($435.37M) | ($439.34M) | ($432.69M) | ($400.11M) | ($317.11M) | ($283.83M) | ($252.67M) | ($222.81M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $158.0K | - | - | - | ($10.12M) | - | - | - | - | - |
| Investing Cash Flow | ($5.55M) | - | - | - | ($1.94M) | - | - | - | - | - |
| Financing Cash Flow | $32.50M | - | - | - | ($184.0K) | - | - | - | - | - |
| CapEx | $5.55M | - | - | - | $1.94M | - | - | - | - | - |
| Free Cash Flow | ($5.39M) | - | - | - | ($12.06M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -104.2% | - | -286.9% | -141.6% | -438.6% | - | - | - | - | - |
| EBITDA margin | -81.4% | - | -159.9% | -71.7% | -353.2% | - | - | - | - | - |
| Net margin | -1937.2% | - | 140.8% | -341.8% | -456.1% | - | - | - | - | - |
| Free cash flow margin | -88.3% | - | - | - | -362.3% | - | - | - | - | - |
| FCF / Net income | 0.05 | - | - | - | 0.79 | - | - | - | - | - |
| R&D / Revenue | 22.9% | - | 46.1% | 51.8% | 66.1% | - | - | - | - | - |
| SG&A / Revenue | 107.2% | - | 227.7% | 214.9% | 282.1% | - | - | - | - | - |
| Effective tax rate | - | - | 6.6% | - | - | - | - | - | - | - |
| Return on assets | -62.9% | - | 5.6% | -20.6% | -24.7% | - | - | - | - | - |
| Return on equity | 463.4% | - | -7.0% | 22.3% | 18.3% | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.44 | 5.12 | 1.08 | 0.98 | 0.58 | 0.80 | 1.72 | 1.24 | 2.42 | 2.70 |
| Quick ratio | 2.41 | 5.02 | 1.08 | 0.98 | 0.58 | 0.80 | 1.72 | 1.24 | 2.42 | 2.70 |
| Cash ratio | 2.06 | 4.20 | 0.86 | 0.85 | 0.43 | 0.65 | 1.39 | 1.10 | 2.12 | 2.54 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 1.91 | - | - | - |
| Debt / Assets | - | - | - | - | - | - | 0.48 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -7.37 | 2.50 | -1.25 | -1.08 | -0.74 | -1.16 | 4.02 | 1.48 | 1.37 | 1.35 |
| Liabilities / Assets | 1.14 | 0.60 | 1.80 | 1.92 | 2.35 | 1.86 | 0.75 | 0.32 | 0.27 | 0.26 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.04 | 0.06 | 0.05 | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 596d | - | 335d | 85d | 197d | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 125.5x | - | 106.2x | 84.1x | 96.9x | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 83.5% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 56.4% | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -679.4% | - | - | - | - | - | - | - | - | - |
| EPS growth (YoY) | -394.1% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 55.3% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 69.3% | - | - | - | - | - | -75.9% | -51.3% | -40.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$17.71M totalReportable Segment$17.71M · 100.0%
Product / service
$17.71M totalData Analytics Including Caa S$16.00M · 90.3%
Space Systems$1.71M · 9.7%
Geographic
$35.41M totalNorth America$12.07M · 34.1%
US$12.04M · 34.0%
All Other Countries$3.43M · 9.7%
Europe$2.78M · 7.9%
Asia And Asia Pacific$2.50M · 7.1%
AL$2.24M · 6.3%
South America$359.0K · 1.0%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Satellogic Inc. against the 5 most active filers in the same SIC group.