Satellogic Inc. SATL
Satellogic's mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world's most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic seeks to unlock the power of EO to deliver high-quality, planetary insights at unparalleled value. With more than a decade of experience in space and over 150 years of flight heritage, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point. We believe our unmatched capacity and scale, our cost leadership and technical superiority, and our non-ITAR (International Traffic in Arms Regulations) design provides us with key competitive advantages.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7M | $12.9M | $10.1M | $6.0M | $4.2M | $0 | — | — |
| R&D | $5.0M | $7.5M | $10.7M | $13.1M | $9.6M | $5.9M | — | — |
| SG&A | $25.7M | $33.0M | $35.0M | $37.2M | $36.6M | $8.0M | — | — |
| Total operating expenses | $48.7M | $65.1M | $79.5M | $96.9M | $72.9M | $22.4M | — | — |
| Operating income | -$31.0M | -$52.2M | -$69.4M | -$90.9M | -$68.6M | -$22.4M | -$20.7M | — |
| Interest expense | — | — | $0 | $1.7M | $9.7M | $43.0K | — | — |
| Pre-tax income | -$4.1M | -$113.4M | -$51.9M | -$32.1M | -$96.5M | -$21.4M | — | — |
| Income tax | $673.0K | $2.9M | $9.1M | $4.6M | $232.0K | $148.0K | — | — |
| Net income | -$4.8M | -$116.3M | — | — | -$117.7M | -$113.9M | -$20.8M | — |
| EPS, basic | -0.04 | -1.28 | -0.68 | -0.44 | -5.78 | -1.34 | — | — |
| EPS, diluted | -0.18 | -1.28 | -0.68 | -0.66 | -5.78 | -1.34 | — | — |
| Shares, diluted (wtd. avg.) | $134.1M | $91.2M | $89.5M | $83.8M | $16.7M | $16.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $94.4M | $22.5M | $24.6M | $77.8M | $8.5M | $17.3M | $24.6M | — |
| Receivables | $8.5M | $1.5M | $901.0K | $1.4M | $1.2M | — | — | — |
| Inventory | $2.1M | $0 | — | — | — | — | — | — |
| Total current assets | $115.2M | $27.9M | $26.6M | $81.2M | $12.4M | — | — | — |
| Property, plant and equipment | $24.6M | $27.2M | $41.1M | $48.0M | $32.5M | — | — | — |
| Total assets | $151.3M | $61.7M | $76.4M | $143.9M | $49.9M | $54.6M | — | — |
| Short-term debt | — | — | — | $0 | $0 | — | — | — |
| Total current liabilities | $22.5M | $34.6M | $21.4M | $30.1M | $283.7M | — | — | — |
| Long-term debt | — | — | — | — | $108.5M | — | — | — |
| Total liabilities | $90.8M | $114.7M | $24.7M | $37.7M | $289.4M | — | — | — |
| Retained earnings | -$404.9M | -$400.1M | -$283.8M | -$222.8M | -$186.2M | — | — | — |
| Total equity | $60.5M | -$53.0M | $51.7M | $106.2M | -$260.7M | -$25.8M | -$5.4M | $14.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26.9M | -$35.9M | -$49.6M | -$68.5M | -$28.4M | -$11.2M | — | — |
| Depreciation and amortisation | $7.7M | $12.7M | $17.3M | $14.3M | $10.7M | $3.0M | — | — |
| Stock-based compensation | $4.3M | $2.3M | $6.3M | $8.4M | $10.9M | $1.7M | — | — |
| Capital expenditure | $7.4M | $5.0M | $14.9M | $27.3M | $11.2M | $15.8M | — | — |
| Investing cash flow | -$7.4M | -$5.0M | -$14.4M | -$30.9M | -$11.2M | -$15.8M | — | — |
| Financing cash flow | $112.5M | $37.5M | -$83.0K | $164.3M | $28.6M | $18.1M | — | — |
| Buybacks | — | — | $0 | $2.7M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-020976.
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