Satellogic Inc.
- Open
- 4.81
- Day high
- 4.90
- Day low
- 4.77
- Prev close
- 4.85
- Volume
- 3.0M
- Mkt cap
- $749M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 22.1
- P/S
- 23.5
- Yield
- —
- Per share
- —
Satellogic Inc. (SATL) is a Technology company listed on NASDAQ. The stock is up 34% over the past year. Drillr has 1 published research article covering SATL.
Satellogic Inc. (SATL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SATL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $-0.03 | $-0.13 | -420.0% | $16M | +66.3% |
| May 12, 2026 | $-0.05 | $-0.04 | +20.0% | $6M | +15.8% |
| Mar 19, 2026 | $-0.06 | $0.17 | +383.3% | $6M | +62.4% |
| Aug 12, 2025 | — | $-0.06 | — | $4M | — |
| Mar 26, 2025 | — | $-0.70 | — | $347000 | — |
| Aug 15, 2024 | — | $-0.18 | — | $3M | — |
| Apr 25, 2024 | — | $-0.15 | — | $6M | — |
| Sep 21, 2023 | $-0.18 | $-0.33 | -85.7% | $3M | -91.0% |
| Apr 27, 2023 | $-0.27 | $-0.34 | -27.0% | $4M | -85.8% |
| Mar 31, 2023 | — | $-0.17 | — | $2M | — |
| Aug 2, 2022 | — | $-0.13 | — | $2M | -79.1% |
| May 3, 2022 | — | $-0.25 | — | $1M | — |
SATL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 22, 2026 | Kargieman Emilianodirector, 10 percent owner, officer: Chief Executive Officer | Option | 9,491 | — |
| Jul 22, 2026 | Kharsansky Alanofficer: Chief Technology Officer | Option | 5,271 | — |
| Jul 22, 2026 | Kharsansky Alanofficer: Chief Technology Officer | Option | 3,418 | — |
| Jul 22, 2026 | Kargieman Emilianodirector, 10 percent owner, officer: Chief Executive Officer | Option | 12,528 | — |
| Jul 21, 2026 | Kargieman Emilianodirector, 10 percent owner, officer: Chief Executive Officer | Grant | 197,330 | $6.28 |
| Jul 21, 2026 | Killalea Peter Thomasdirector | Grant | 27,914 | — |
| Jul 21, 2026 | Kennedy Kelly J.director | Grant | 20,787 | — |
| Jul 21, 2026 | Gutierrez Migueldirector | Grant | 20,787 | — |
| Jul 21, 2026 | Kharsansky Alanofficer: Chief Technology Officer | Grant | 84,335 | — |
| Jul 21, 2026 | Wang Theodore Glassdirector | Grant | 32,665 | — |
| Jul 21, 2026 | Kargieman Emilianodirector, 10 percent owner, officer: Chief Executive Officer | Grant | 200,443 | — |
| Jun 23, 2026 | Kharsansky Alanofficer: Chief Technology Officer | Option | 14,565 | — |
| Jun 23, 2026 | Dunn Rickofficer: Chief Financial Officer | Option | 6,610 | — |
| Jun 23, 2026 | Dunn Rickofficer: Chief Financial Officer | Option | 16,708 | — |
| Jun 23, 2026 | Dunn Rickofficer: Chief Financial Officer | Option | 7,581 | — |
Source: SATL SEC Form 4 filings, latest Jul 22, 2026. For informational purposes only — not investment advice.
See the full SATL insider & 13F page →Satellogic Inc. company profile
Overview
Satellogic Inc. (NASDAQ:SATL) is a commercial Earth observation satellite company founded in 2010 and headquartered in Palo Alto, California. The company went public in March 2021 through a SPAC merger. Satellogic operates a constellation of small satellites, known as nanosatellites, that capture high-resolution imagery and data of Earth's surface for commercial and government customers. The company has positioned itself as a provider of real-time Earth observation data to support decision-making across various industries and applications.
Business
Satellogic operates in the commercial Earth observation satellite industry, which involves deploying satellites in orbit to capture imagery and data about Earth's surface for commercial purposes. This industry sits at the intersection of aerospace technology and data analytics, serving customers who need regular, updated information about specific geographic areas. The company's core offering is Earth observation data streams delivered through its constellation of nanosatellites. Nanosatellites are small, lightweight satellites typically weighing between 1-10 kilograms, which are much smaller and less expensive than traditional satellites. These satellites are equipped with high-resolution cameras and sensors that continuously photograph Earth's surface as they orbit the planet. The captured imagery is then processed and delivered to customers as actionable intelligence. Satellogic's satellite data serves multiple industries and applications. In agriculture, farmers and agribusiness companies use the imagery to monitor crop health, optimize irrigation, and predict yields. For infrastructure monitoring, the data helps track the condition of pipelines, power lines, and other critical infrastructure across vast geographic areas. The company also serves government and security applications, including border patrol, port security, and disaster response coordination. Additionally, the data supports environmental monitoring efforts such as detecting illegal logging and tracking deforestation patterns. The company operates as a single business segment focused on satellite-based Earth observation services, generating revenue primarily through data subscriptions and custom imaging services for both commercial and government customers.
Revenue model
Satellogic generates revenue through subscription-based data services and custom imaging contracts. The company's primary business model involves selling access to its Earth observation data streams to customers who need regular monitoring of specific geographic areas. Customers typically pay recurring subscription fees for ongoing access to satellite imagery and analytics covering their areas of interest. The company's paying customers include government agencies that require intelligence and monitoring capabilities, commercial enterprises in agriculture, energy, and infrastructure sectors, and organizations involved in environmental monitoring and disaster response. Government contracts often provide larger, more stable revenue streams, while commercial customers may have more variable demand based on seasonal needs or project-specific requirements. Several factors significantly impact Satellogic's margins and profitability. Satellite deployment costs represent a major capital expenditure, as the company must continuously launch new satellites to maintain and expand its constellation. Launch costs from third-party rocket providers directly affect the company's cost structure, though these have been declining due to increased competition in the launch industry. Technology advancement in satellite miniaturization and sensor capabilities can improve cost efficiency over time. Competition from larger players like Planet Labs, Maxar Technologies, and government-backed satellite programs can pressure pricing and market share. Regulatory changes in different countries regarding satellite operations and data privacy can affect market access. Economic downturns may reduce demand from commercial customers, while government spending on defense and intelligence can provide some stability during challenging periods.
Competitive moat
Satellogic's competitive moat is relatively narrow in the increasingly crowded Earth observation satellite market. The company's primary advantages include its nanosatellite technology platform that enables cost-effective deployment and operation compared to traditional large satellites, and its growing constellation that provides more frequent revisit times over target areas. However, these advantages face significant challenges. The company competes against well-established players like Planet Labs, which operates a much larger satellite constellation, and Maxar Technologies, which offers higher-resolution imagery. Barriers to entry in the satellite industry have been lowering due to declining launch costs and advancing miniaturization technology, allowing new competitors to enter the market more easily. The company's data processing and analytics capabilities provide some differentiation, but software-based advantages can be replicated more easily than hardware-based moats. Customer relationships and contracts, particularly with government agencies, offer some protection, but these relationships require continuous investment and can be disrupted by competitive bidding processes. The most significant competitive threat comes from larger, better-capitalized competitors who can deploy more satellites, offer higher resolution imagery, and provide more comprehensive global coverage. Additionally, technology disruption from new satellite technologies, alternative data sources like drones or aircraft-based sensors, and advances in synthetic aperture radar could challenge the company's optical imaging focus.
Risks & safety
Satellogic's margin of safety appears concerning based on its financial metrics and cash burn trajectory. • Cash burn and solvency risk: The company had $17.7 million in cash as of Q1 2025, down from $22.5 million in Q4 2024, with negative free cash flow of $6.6 million in Q1 2025 and $40.9 million for full year 2024. At current burn rates, the company faces potential liquidity challenges within 12-18 months. • Debt and balance sheet: Total liabilities of $144.5 million significantly exceed total assets of $61.4 million, resulting in negative book value. Current ratio of 0.58 indicates difficulty meeting short-term obligations. • Valuation metrics: Negative earnings make traditional P/E ratios meaningless. The company trades at negative price-to-book ratio due to negative equity, suggesting severe financial distress. • Other considerations: Revenue volatility (ranging from $347k to $3.4M quarterly) indicates unstable business operations. The company's ability to continue as a going concern depends on raising additional capital or achieving rapid revenue growth.
Recent development
Based on the available financial data, Satellogic has experienced significant operational challenges over the past few years. The company's revenue performance has been highly volatile, with quarterly revenues fluctuating dramatically from as low as $347,000 in Q4 2024 to $3.4 million in multiple quarters. This volatility suggests challenges in maintaining consistent customer demand or delivery capabilities. The company has been burning substantial amounts of cash while attempting to scale its satellite constellation and operations. Annual free cash flow has remained deeply negative, ranging from -$95.7 million in 2022 to -$40.9 million in 2024, indicating ongoing struggles to achieve operational efficiency. Financial restructuring efforts appear to be underway, as evidenced by the significant changes in the company's balance sheet structure and the accumulation of substantial liabilities relative to assets. The company's equity position has deteriorated significantly, moving from positive book value in earlier periods to negative equity more recently. The operational focus appears to remain on expanding satellite deployment and improving data delivery capabilities, though the financial constraints have likely limited the pace of constellation expansion compared to original plans. The company continues to serve both commercial and government customers, but revenue concentration and customer retention metrics suggest ongoing challenges in building a stable, recurring revenue base.
SATL company profile · for informational purposes only — not investment advice.
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