NASDAQ : SATL
Satellogic Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 3.32 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 510.42M
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Financial statements
Satellogic Inc. (SATL) reported revenue of 31.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 31.91M | 17.71M | 12.87M | 10.07M | 6.01M | 4.25M |
| Cost of Revenue | 6.72M | 4.88M | 5.02M | 5.06M | 3.28M | 1.88M |
| Gross Profit | 25.18M | 12.83M | 7.85M | 5.02M | 2.73M | 2.37M |
| Selling, General & Admin | 29.05M | 25.73M | 32.99M | 34.97M | 26.00M | 20.40M |
| Research & Development | 11.71M | 10.38M | 14.40M | 22.20M | 13.05M | 9.64M |
| Other Operating Expenses | 25.43M | 10.36M | ||||
| Operating Expenses | 46.50M | 43.85M | 60.05M | 74.42M | 82.41M | 54.77M |
| Operating Income | -21.31M | -31.02M | -52.21M | -69.40M | -79.68M | -52.40M |
| Interest Expense | -13.00K | -13.00K | -71.00K | -51.00K | -1.69M | -9.70M |
| Interest & Investment Income | 3.09M | 1.59M | 1.04M | 1.90M | 1.16M | 36.00K |
| Currency Exchange Gain (Loss) | 1.40M | 500.00K | 2.40M | 5.30M | 1.60M | 1.00M |
| Other Non Operating Income (Expenses) | -84.00M | 25.78M | -64.58M | 10.32M | 57.73M | 17.98M |
| EBT Excluding Unusual Items | -100.83M | -3.16M | -113.41M | -51.94M | -20.88M | -43.09M |
| Merger & Restructuring Charges | -11.19M | -16.24M | ||||
| Other Unusual Items | -947.00K | -947.00K | -37.22M | |||
| Pretax Income | -101.92M | -4.11M | -113.41M | -51.94M | -32.07M | -96.54M |
| Income Tax Expense | 1.98M | 673.00K | 2.86M | 9.08M | 4.57M | -232.00K |
| Net Income | -103.90M | -4.78M | -116.27M | -61.02M | -36.64M | -96.31M |
| Net Income to Common | -103.90M | -4.78M | -116.27M | -61.02M | -36.64M | -96.31M |
| Shares Outstanding (Basic) | 132.06M | 109.13M | 91.16M | 89.54M | 83.19M | 16.66M |
| Shares Outstanding (Diluted) | 132.06M | 134.13M | 91.16M | 89.54M | 83.80M | 16.66M |
| EPS (Basic) | -0.79 | -0.04 | -1.28 | -0.68 | -0.44 | -5.78 |
| EPS (Diluted) | -0.94 | -0.18 | -1.28 | -0.68 | -0.66 | -5.78 |
| Free Cash Flow | -42.17M | -34.26M | -40.93M | -64.46M | -95.71M | -39.67M |
| Free Cash Flow Per Share | -0.32 | -0.26 | -0.45 | -0.72 | -1.14 | -2.38 |
| Gross Margin | 78.93% | 72.46% | 60.96% | 49.81% | 45.38% | 55.83% |
| Operating Margin | -66.80% | -175.18% | -405.64% | -688.93% | -1,325.33% | -1,233.79% |
| Profit Margin | -325.65% | -27.01% | -903.43% | -605.70% | -609.46% | -2,267.60% |
| Free Cash Flow Margin | -132.16% | -193.49% | -318.01% | -639.83% | -1,592.05% | -934.12% |
| EBITDA | -15.57M | -23.28M | -39.55M | -52.15M | -65.35M | -41.67M |
| EBITDA Margin | -48.81% | -131.47% | ||||
| D&A For EBITDA | 5.74M | 7.74M | 12.65M | 17.26M | 14.33M | 10.73M |
| EBIT | -21.31M | -31.02M | -52.21M | -69.40M | -79.68M | -52.40M |
| EBIT Margin | -66.80% | -175.18% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 112.81M | 94.43M | 22.49M | 23.48M | 76.53M | 8.53M |
| Cash & Short-Term Investments | 112.81M | 94.43M | 22.49M | 23.48M | 76.53M | 8.53M |
| Accounts Receivable | 12.51M | 8.55M | 1.46M | 901.00K | 1.39M | 1.20M |
| Receivables | 12.51M | 8.55M | 1.46M | 901.00K | 1.39M | 1.20M |
| Inventory | 1.82M | 2.09M | ||||
| Prepaid Expenses | 2.30M | 1.52M | 2.89M | 1.74M | 1.77M | 1.15M |
| Restricted Cash | 9.12M | 7.41M | 126.00K | |||
| Other Current Assets | 1.04M | 1.18M | 1.01M | 436.00K | 1.43M | 1.54M |
| Total Current Assets | 139.59M | 115.17M | 27.86M | 26.55M | 81.24M | 12.42M |
| Property, Plant & Equipment | 40.15M | 31.70M | 28.11M | 44.33M | 56.15M | 35.48M |
| Long-Term Investments | 14.95M | 3.80M | ||||
| Long-Term Deferred Tax Assets | 1.64M | |||||
| Other Long-Term Assets | 1.56M | 631.00K | 5.72M | 5.51M | 6.46M | 369.00K |
| Total Assets | 196.25M | 151.30M | 61.69M | 76.38M | 143.85M | 49.92M |
| Accounts Payable | 4.43M | 2.43M | 3.75M | 7.93M | 9.85M | 6.65M |
| Accrued Expenses | 2.26M | 1.92M | 9.79M | 4.37M | 6.42M | 23.43M |
| Current Portion of Long-Term Debt | 108.47M | |||||
| Current Portion of Leases | 1.27M | 1.17M | 363.00K | 2.14M | 2.18M | 985.00K |
| Current Income Taxes Payable | 1.83M | |||||
| Current Unearned Revenue | 14.60M | 10.61M | 5.87M | 3.73M | 1.94M | 935.00K |
| Other Current Liabilities | 37.20M | 6.37M | 13.01M | 3.21M | 9.69M | 143.24M |
| Total Current Liabilities | 59.75M | 22.50M | 34.62M | 21.39M | 30.07M | 283.71M |
| Long-Term Debt | 89.73M | 56.11M | 79.07M | |||
| Long-Term Leases | 5.49M | 6.10M | 516.00K | 1.79M | 6.06M | 2.08M |
| Long-Term Unearned Revenue | 3.50M | 4.00M | 1.00M | 1.00M | 1.00M | |
| Other Long-Term Liabilities | 3.89M | 2.06M | 516.00K | 526.00K | 522.00K | 2.55M |
| Total Liabilities | 162.37M | 90.78M | 114.72M | 24.71M | 37.66M | 289.35M |
| Additional Paid-In Capital | 585.99M | 473.49M | 356.25M | 344.14M | 337.93M | 96.47M |
| Retained Earnings | -543.24M | -404.89M | -400.11M | -283.83M | -222.81M | -186.17M |
| Treasury Stock | -8.60M | -8.60M | -8.60M | -8.60M | -8.60M | -170.95M |
| Comprehensive Income & Other | -267.00K | 531.00K | -571.00K | -33.00K | -312.00K | -86.00K |
| Total Common Equity | 33.88M | 60.53M | -53.03M | 51.67M | 106.20M | -260.74M |
| Shareholders' Equity | 33.88M | 60.53M | -53.03M | 51.67M | 106.20M | -239.43M |
| Total Liabilities & Equity | 196.25M | 151.30M | 61.69M | 76.38M | 143.85M | 49.92M |
| Total Debt | 96.49M | 63.38M | 79.95M | 3.93M | 8.24M | 111.54M |
| Net Cash (Debt) | 16.32M | 31.05M | -57.46M | 19.54M | 68.29M | -103.01M |
| Net Cash Per Share | 0.12 | 0.23 | -0.63 | 0.22 | 0.81 | -6.18 |
| Filing Date Shares Outstanding | 153.74M | 143.06M | 97.06M | 90.30M | 89.36M | 90.69M |
| Total Common Shares Outstanding | 153.71M | 135.65M | 96.02M | 90.30M | 89.20M | 5.26M |
| Working Capital | 79.83M | 92.67M | -6.76M | 5.16M | 51.17M | -271.29M |
| Book Value Per Share | 0.22 | 0.45 | -0.55 | 0.57 | 1.19 | -49.54 |
| Tangible Book Value | 33.88M | 60.53M | -53.03M | 51.67M | 106.20M | -260.74M |
| Tangible Book Value Per Share | 0.22 | 0.45 | -0.55 | 0.57 | 1.19 | -49.54 |
| Machinery | 28.39M | 32.10M | 30.67M | 68.18M | 54.37M | 43.72M |
| Construction In Progress | 24.88M | 14.81M | 14.46M | 17.51M | 22.19M | 10.56M |
| Leasehold Improvements | 3.41M | 3.25M | 2.90M | 7.62M | 6.43M | 769.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -103.90M | -4.78M | -116.27M | -61.02M | -36.64M | -96.31M |
| Depreciation & Amortization | 5.74M | 7.74M | 12.65M | 17.26M | 14.33M | 10.73M |
| Other Amortization | 2.40M | |||||
| Loss (Gain) From Sale of Assets | 834.00K | 691.00K | 4.38M | |||
| Loss (Gain) on Equity Investments | -8.00K | -8.00K | ||||
| Stock-Based Compensation | 5.26M | 4.26M | 2.33M | 6.30M | 8.37M | 10.88M |
| Provision & Write-off of Bad Debts | -23.00K | -38.00K | 22.00K | 1.13M | 1.74M | 1.79M |
| Other Operating Activities | 76.44M | -27.44M | 56.04M | -12.80M | -46.73M | 26.06M |
| Change in Accounts Receivable | -8.91M | -6.02M | -1.13M | -385.00K | -1.93M | -4.69M |
| Change in Inventory | 3.00K | -723.00K | ||||
| Change in Accounts Payable | -176.00K | -1.53M | -2.36M | 1.53M | -3.20M | 1.42M |
| Change in Unearned Revenue | 12.36M | 9.00M | 2.53M | 598.00K | 1.01M | 480.00K |
| Change in Other Net Operating Assets | -13.92M | -8.03M | 3.51M | -2.18M | -5.40M | 21.19M |
| Operating Cash Flow | -26.29M | -26.89M | -35.89M | -49.57M | -68.46M | -28.44M |
| Capital Expenditures | -15.87M | -7.38M | -5.04M | -14.88M | -27.25M | -11.23M |
| Investment in Securities | -3.65M | |||||
| Other Investing Activities | 8.34M | 6.00K | 450.00K | 53.00K | 3.00K | |
| Investing Cash Flow | -7.54M | -7.38M | -5.03M | -14.44M | -30.85M | -11.23M |
| Long-Term Debt Issued | 30.00M | |||||
| Net Debt Issued (Repaid) | 30.00M | |||||
| Issuance of Common Stock | 124.62M | 113.67M | 10.51M | 375.00K | 172.94M | 791.00K |
| Repurchase of Common Stock | -1.20M | -1.16M | -660.00K | -458.00K | -8.60M | |
| Other Financing Activities | -2.40M | 7.51M | ||||
| Financing Cash Flow | 123.42M | 112.51M | 37.45M | -83.00K | 164.34M | 28.64M |
| Foreign Exchange Rate Adjustments | -29.00K | 159.00K | 2.55M | 10.90M | 4.24M | 2.30M |
| Net Cash Flow | 89.56M | 78.41M | -921.00K | -53.19M | 69.26M | -8.73M |
| Free Cash Flow | -42.17M | -34.26M | -40.93M | -64.46M | -95.71M | -39.67M |
| Free Cash Flow Margin | -132.16% | -193.49% | -318.01% | -639.83% | -1,592.05% | -934.12% |
| Free Cash Flow Per Share | -0.32 | -0.26 | -0.45 | -0.72 | -1.14 | -2.38 |
| Levered Free Cash Flow | -18.84M | -43.07M | -7.61M | -41.75M | -202.60M | 136.81M |
| Unlevered Free Cash Flow | -18.83M | -43.06M | -9.96M | -41.72M | -201.54M | 142.87M |
| Cash Interest Paid | 3.14M | 3.32M | 1.60M | 28.00K | 3.52M | 49.28M |
| Cash Income Tax Paid | 26.00K | 330.00K | 2.80M | 1.67M | 758.00K | 96.00K |
| Change in Working Capital | -10.63M | -7.31M | 2.56M | -432.00K | -9.53M | 18.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 498.12M | 253.32M | 271.41M | 157.28M | 271.43M | 308.94M |
| Enterprise Value | 481.79M | 320.31M | 285.00M | 135.99M | 156.27M | 503.64M |
| Last Close Price | 3.32 | 1.87 | 2.85 | 1.75 | 3.05 | 9.70 |
| PS Ratio | 16.00 | 14.31 | 21.09 | 15.61 | 45.15 | 72.74 |
| PB Ratio | 15.06 | 4.18 | -5.12 | 3.04 | 2.56 | -1.29 |
| P/TBV Ratio | 15.06 | 4.18 | 3.04 | 2.56 | ||
| EV/Sales Ratio | 15.49 | 18.09 | 22.14 | 13.50 | 25.99 | 118.59 |
| Debt / Equity Ratio | 2.85 | 1.05 | -1.51 | 0.08 | 0.08 | -0.47 |
| Net Debt / Equity Ratio | -0.48 | -0.51 | -1.08 | -0.38 | -0.64 | -0.43 |
| Net Debt / EBITDA Ratio | 1.05 | 1.33 | -1.45 | 0.38 | 1.04 | -2.47 |
| Net Debt / FCF Ratio | 0.39 | 0.91 | -1.40 | 0.30 | 0.71 | -2.60 |
| Asset Turnover | 0.24 | 0.17 | 0.19 | 0.09 | 0.06 | 0.08 |
| Quick Ratio | 2.10 | 4.58 | 0.69 | 1.14 | 2.59 | 0.03 |
| Current Ratio | 2.34 | 5.12 | 0.81 | 1.24 | 2.70 | 0.04 |
| Return on Equity (ROE) | -127.65% | -77.30% | ||||
| Return on Assets (ROA) | -9.86% | -18.20% | -47.26% | -39.39% | -51.40% | -62.66% |
| Return on Capital Employed (ROCE) | -15.60% | -24.10% | -192.90% | -126.20% | -70.00% | 22.40% |
| Earnings Yield | -28.97% | -1.89% | -42.84% | -38.80% | -13.50% | -31.17% |
| FCF Yield | -8.26% | -13.53% | -15.08% | -40.98% | -35.26% | -12.84% |
| Buyback Yield / Dilution | -37.72% | -47.13% | -1.81% | -6.85% | -403.12% | -3.90% |