10-K · June 17, 2026
Satellogic Inc. reported significant revenue growth in 2025, with total revenue reaching $6 million in Q4 2025, an increase from $4 million in the previous quarters. However, the company faced substantial operating…
Earnings analysis · 10-Q
SATL earnings analysis
Filed June 17, 2026 · Our reading of the company's report
The latest report
Satellogic's Q1 2026 results showed a significant revenue increase to $6 million, exceeding prior estimates of $5.5 million. However, the company faced a large EPS miss at -$0.84 compared to expectations of -$0.05,…
Read full summary
Satellogic's Q1 2026 results showed a significant revenue increase to $6 million, exceeding prior estimates of $5.5 million. However, the company faced a large EPS miss at -$0.84 compared to expectations of -$0.05, indicating persistent challenges in operational efficiency despite overall revenue growth.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.84
What stood out
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Revenue Surpasses Expectations
Actual revenue reached $6 million, above the $5.5 million expected, marking a 100% increase compared to $3 million in the prior year.
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Improved Gross Margin
Gross margin was 76.2%, substantial improvement from 63.5% in the previous quarter.
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Persistent Negative EPS
The diluted EPS of -$0.84 is a significant drop compared to -$0.34 in 2025Q1.
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Operating Margins Remain Negative
Operating margin improved to -104.2%, better than -280.9% in the prior quarter.
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Free Cash Flow Reduction
Free cash flow at -$5 million shows a decrease in cash burn compared to -$7 million in the previous quarter.
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Consistent Revenue Growth Trajectory
Management indicates a strong technology roadmap supporting continued revenue growth.
What to watch
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Negative EPS Trend
EPS decreased from -0.34 to -0.84 year-over-year, highlighting ongoing financial struggles.
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High Cash Burn Rate
Free cash flow remains negative at -$5 million, raising liquidity concerns.
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Leadership Stability Issues
The recent CFO departure could affect strategic direction and operational consistency.
Management's outlook
Management anticipates continued revenue momentum and operational improvement but did not provide specific numeric guidance.
Earlier filings 4
10-Q · May 12, 2026
In Q1 2026, Satellogic reported a significant revenue increase of 80% year-over-year, reaching $6.1 million, while EPS stood at -$0.84, below estimates. The gross margin improved to 67.5%, showcasing efficient…
10-K · March 19, 2026
Satellogic reports full-year 2025 revenue of $17,707 (in thousands) vs $12,870 (in thousands) in 2024, and 17 operational satellites with two in commissioning as of December 31, 2025. The company is executing a…
10-Q · August 12, 2025
Satellogic reported Q2 revenue of $4,440,000, up from $3,501,000 in Q2 2024, with gross margin expanding to ~73.2% and diluted EPS improving to a loss of $(0.06) from $(0.20) a year earlier. Operating loss narrowed to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.