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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America
- Europe
- Asia & Asia Pacific
- South America
| Region | FY2025 |
|---|---|
| North America | $12.1M |
| Europe | $2.8M |
| Asia & Asia Pacific | $2.5M |
| South America | $359.0K |
As the company reported it, from the “Revenue from Contract with Customers - Revenue by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $4.2M | $6.0M | $10.1M | $12.9M | $17.7M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$20.8M | -$113.9M | -$117.7M | — | — | -$116.3M | -$4.8M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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