Satellogic Inc. (SATL) Form 10-Q — Aug 6, 2026
Satellogic's Q2 2026 revenue more than tripled to $15.9 million, up 259% year over year, driven by an $8.8 million Space Systems ramp (satellite sales) and $7.1 million from Data & Analytics. The company posted positive quarterly operating income of $266 thousand and Adjusted EBITDA of $2.8 million — its strongest operational quarter to date. GAAP net loss for the quarter was $20.0 million, but that was driven by $19.7 million of non-cash fair value losses on warrants and Secured Convertible Notes — losses that mechanically accumulate when the stock price rises.
Key figures
- Revenue
- 15919000
- Total Debt
- 18.0 million Secured Convertible Notes principal ($18.7 million incl. accrued interest); carried at $89.7 million fair value
- Revenue Yoy
- 259% (Q2 2026 vs Q2 2025); 181% for H1 2026
- Total Assets
- 196248000
- Cash Position
- 112809000
- Rpo within 1 year
- 45797000
- Q2 adjusted ebitda
- 2844000
- Accumulated deficit
- 543239000
- Q2 operating income
- 266000
- Satellite sale april2026
- 12000000
- Space systems revenue q2
- 8811000
- Customer concentration ar
- two customers = 74% of accounts receivable
- Data analytics revenue q2
- 7108000
- Total stockholders equity
- 33882000
- Convertible notes maturity
- April 12, 2028
- Antidilutive securities total
- 70899874
- Letters of credit outstanding
- 9500000
- Defense contract value may2026
- >$18 million one-year persistent Earth observation agreement
- Convertible notes interest rate
- SOFR + 6.50% (10.14% as of June 30, 2026)
- Shares issued upon conversion h1
- 10000000
- Convertible notes conversion price
- 1.2
- Convertible notes original principal
- 30000000
- Convertible notes remaining principal
- 18000000
Price after filing
Close on the filing date to close N calendar days later (from $4.49). Historical, not a forecast.
AI analysis
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