Satellogic Inc. (SATL)
Satellogic Inc. specializes in the development and deployment of compact, high-resolution Earth observation satellites, delivering live, commercial-grade geospatial data. These continuous data feeds provide critical insights that empower a diverse range of stakeholders, including governmental bodies, private enterprises, organizations, and even individuals, to make informed strategic and operational decisions. The company's orbital platforms facilitate a multitude of vital applications, such as agricultural management, diligent pipeline and critical infrastructure surveillance, rapid disaster response coordination, efforts to combat illegal logging, enhanced border security, and comprehensive port safety monitoring, among numerous other uses. Established in 2010, Satellogic is headquartered in Palo Alto, California.
Sector: Radio & Tv Broadcasting & Communications Equipment
Industry: Aerospace & Defense
Satellogic Inc.
NASDAQ:SATLIndustrials · Aerospace & Defense
+20.42%$3.48
CLOSED · Nov 6Prev close$2.89+20.42%Close$3.48+2.30%AH close$3.56
AH$3.56+2.30%vs close
Mkt Cap$498.19M
Float128.2M
O/S143.16M
VOL4.78M sh
$ Vol$15.75M
RVOL1.11×
Inst Own73.0%
SI14.5%
EarningsNov 9 · Today
Dilution
Financials Summary
Revenue$17.71M
Net Income-$4.78M
Total Assets$151.3M
Free Cash Flow-$34.26M
Debt & Equity
Debt 51%
Equity 49%
Total Debt$63.38M
Total Equity$60.53M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SATL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$151.3M
Liabilities$90.78M
Accounts Receivable$8.55M
Accounts Payable$2.43M
Inventory$2.2M
PP&E (Net)$31.7M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $17.71M | $12.87M | $10.07M | $6.01M | $4.25M | $0 | $0 |
| YoY Growth | 37.6% | 27.8% | 67.6% | 41.6% | - | - | - |
| Cost of Revenue | $12.62M | $5.02M | $5.06M | $3.28M | $1.88M | $0 | $0 |
| Gross Profit | $5.09M | $7.85M | $5.02M | $2.73M | $2.37M | $0 | $0 |
| Gross Margin | 28.8% | 61.0% | 49.8% | 45.4% | 55.8% | - | - |
| Research and Development | $5M | $14.4M | $10.66M | $13.05M | $9.64M | $5.92M | $6.37M |
| Selling, General, and Administrative | $33.71M | $30.53M | $33.84M | $55.95M | $46.59M | $8.12M | $8.24M |
| Other | -$2.6M | $15.12M | $29.92M | $24.59M | $14.78M | $8.37M | $6.09M |
| Total Operating Expenses | $36.11M | $60.05M | $74.42M | $93.59M | $71.01M | $22.41M | $20.7M |
| Operating Income (EBIT) | -$31.02M | -$52.21M | -$69.4M | -$90.87M | -$68.64M | -$22.41M | -$20.7M |
| Operating Margin | -175.2% | -405.6% | -688.9% | -1511.4% | -1616.1% | - | - |
| Interest Expense | $13K | $71K | $51K | $1.6M | $8.73M | $7.52M | $4.47M |
| Interest Income | $1.59M | $1.04M | $1.9M | $1.16M | $36K | $79K | $398K |
| Other Income (Expense) | $26.91M | -$61.21M | $17.47M | $58.8M | -$27.9M | $1.03M | $15K |
| Income Before Tax (EBT) | -$4.11M | -$113.41M | -$51.94M | -$32.07M | -$96.54M | -$21.38M | -$20.68M |
| Income Tax Expense | $673K | $2.86M | $9.08M | $4.57M | -$232K | $148K | $83K |
| Net Income | -$4.78M | -$116.27M | -$61.02M | -$36.64M | -$96.31M | -$21.53M | -$20.77M |
| Net Income Margin | -27.0% | -903.4% | -605.7% | -609.5% | -2267.6% | - | - |
| Supplementary Data | |||||||
| EPS | -0.04 | -1.28 | -0.68 | -0.44 | -1.40 | -2.26 | -0.30 |
| Diluted EPS | -0.18 | -1.28 | -0.68 | -0.44 | -1.40 | -2.26 | -0.30 |
| Weighted Average OS | 109.13M | 91.16M | 89.54M | 83.19M | 68.82M | 50.34M | 68.82M |
| EBITDA | -$23.28M | -$100.69M | -$34.63M | -$16.15M | -$77.08M | -$18.94M | -$16.46M |
| EBITDA Margin | -131.5% | -782.3% | -343.7% | -268.6% | -1814.9% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $94.43M | $22.49M | $23.48M | $76.53M | $8.53M | $17.27M | $24.56M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $94.43M | $22.49M | $23.48M | $76.53M | $8.53M | $17.27M | $24.56M |
| Accounts Receivable | $8.55M | $1.46M | $901K | $1.39M | $1.2M | $4K | $585K |
| Inventory | $2.2M | $0 | $0 | $0 | $0 | $21K | $8K |
| Other Current Assets | $8.36M | $877K | $239K | $1.56M | $713K | $82K | $0 |
| Total Current Assets | $115.17M | $27.86M | $26.55M | $81.24M | $12.42M | $18.04M | $25.15M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $31.7M | $28.11M | $44.33M | $56.15M | $35.48M | $36.21M | $22.48M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $4.05M | $4.89M | $4.93M | $1.14M | $369K | $314K | $70K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $1.64M | $48K | $10K |
| Other Long-Term Assets | $376K | $833K | $580K | $5.33M | $0 | $0 | $229K |
| Total Long-Term Assets | $36.13M | $33.83M | $49.83M | $62.62M | $37.49M | $36.58M | $22.79M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $151.3M | $61.69M | $76.38M | $143.85M | $49.92M | $54.62M | $47.94M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $2.43M | $3.75M | $7.93M | $9.85M | $6.65M | $2.86M | $1.55M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $108.47M | $125.08M | $20.65M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $2.04M | $439K | $237K |
| Current Unearned Revenue | $10.61M | $5.87M | $3.73M | $1.94M | $935K | $455K | $0 |
| Other Current Liabilities | $6.37M | $13.01M | $3.21M | $9.69M | $143.24M | $426K | $613K |
| Total Current Liabilities | $22.5M | $34.62M | $21.39M | $30.07M | $283.71M | $131.34M | $23.85M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $56.11M | $79.07M | $0 | $0 | $0 | $33.8M | $28.5M |
| Long-Term Unearned Revenue | $4M | $0 | $1M | $1M | $1M | $1M | $1M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.06M | $516K | $526K | $522K | $2.55M | $4.73M | $40K |
| Total Long-Term Liabilities | $68.27M | $80.1M | $3.31M | $7.58M | $5.63M | $40.56M | $29.53M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $90.78M | $114.72M | $24.71M | $37.66M | $289.35M | $171.91M | $53.39M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $21.31M | $0 | $87 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $48 |
| Retained Earnings | -$404.89M | -$400.11M | -$283.83M | -$222.81M | -$186.17M | -$181M | -$67.08M |
| Comprehensive Income & Other | $531K | -$571K | -$33K | -$312K | -$86K | $0 | $0 |
| Other Stockholders' Equity | $465.41M | $347.07M | $335.51M | $329.01M | -$53.26M | $63.72M | $61.64M |
| Total Equity | $60.53M | -$53.03M | $51.67M | $106.2M | -$239.43M | -$117.29M | -$5.45M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $151.3M | $61.69M | $76.38M | $143.85M | $49.92M | $54.62M | $47.94M |
| Supplementary Data | |||||||
| Total Debt | $63.38M | $79.95M | $3.93M | $8.24M | $111.54M | $160.28M | $49.14M |
| Net Debt | -$31.05M | $57.46M | -$19.54M | -$68.29M | $103.01M | $143.01M | $24.59M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$4.78M | -$116.27M | -$61.02M | -$36.64M | -$96.31M | -$113.93M | -$20.77M |
| Depreciation & Amortization | $7.74M | $12.65M | $17.26M | $14.33M | $10.73M | $3.47M | $4.24M |
| Deferred Income Tax | $0 | $0 | $0 | $1.6M | -$1.62M | $148K | $83K |
| Stock-Based Compensation | $4.26M | $2.33M | $6.3M | $8.37M | $10.88M | $0 | $959K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$6.02M | -$1.13M | -$385K | -$1.93M | -$4.69M | $7K | $12K |
| Inventory | -$723K | $0 | $0 | $0 | $0 | $0 | $540K |
| Accounts Payable | -$1.53M | -$2.36M | $0 | -$3.2M | $1.42M | $0 | -$251K |
| Other Working Capital | $964K | $6.04M | -$2.18M | -$4.4M | $21.67M | $706K | $1M |
| Total Working Capital Change | -$7.31M | $2.56M | -$2.56M | -$9.53M | $18.4M | $713K | $1.3M |
| Other Non-Cash Items | -$26.79M | $62.83M | -$9.54M | -$46.59M | $29.47M | $92.27M | $115K |
| Net Cash from Operating | -$26.89M | -$35.89M | -$49.57M | -$68.46M | -$28.44M | -$17.33M | -$14.07M |
| Investing Activities | |||||||
| Capital Expenditures | -$7.38M | -$5.04M | -$14.88M | -$27.25M | -$11.23M | -$9.26M | -$8.3M |
| Acquisitions | $0 | $0 | $0 | -$3.65M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $6K | $450K | $53K | $3K | $14K | $0 |
| Net Cash from Investing | -$7.38M | -$5.03M | -$14.44M | -$30.85M | -$11.23M | -$9.24M | -$8.3M |
| Financing Activities | |||||||
| Debt Repaid | - | -$30M | - | - | -$7.51M | -$18.05M | -$27M |
| Common Stock Issuance | $94.9M | $9.6M | $0 | $167.5M | $28.64M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$458K | -$8.6M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $17.61M | -$2.15M | $375K | $5.43M | -$7.51M | -$267K | $16K |
| Net Cash from Financing | $112.51M | $37.45M | -$83K | $164.34M | $28.64M | $17.78M | $27.02M |
| Forex Effect | $159K | $2.55M | $10.9M | $4.24M | $2.3M | $26.06M | $156K |
| Net Change in Cash | $78.41M | -$921K | -$53.19M | $69.26M | -$8.73M | $17.27M | $4.8M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$26.89M | -$35.89M | -$49.57M | -$68.46M | -$28.44M | -$17.33M | -$14.07M |
| Capital Expenditure | -$7.38M | -$5.04M | -$14.88M | -$27.25M | -$11.23M | -$9.26M | -$8.3M |
| Free Cash Flow | -$34.26M | -$40.93M | -$64.46M | -$95.71M | -$39.67M | -$26.59M | -$22.37M |
| Cash at Beginning | $23.68M | $24.6M | $77.79M | $8.53M | $17.27M | $0 | $19.75M |
| Cash at End | $102.09M | $23.68M | $24.6M | $77.79M | $8.53M | $17.27M | $24.55M |