Satellogic Inc.

SATL

IndustrialsSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Satellogic Inc. operates as a vertically integrated earth observation company in Europe, the Asia Pacific, Asia, North America, and South America. The company designs, manufactures, and operates satellite systems, delivering decision-grade insights; geospatial data through its platform to identify climate change, energy supply, and food security; provides constellation-as-a-service services and space system solutions; and satellite sales and support services. It also deploys satellites with monitoring assets. The company serves government, commercial customers, sovereign customers, and local partners. Satellogic Inc. was founded in 2010 and is headquartered in Davidson, North Carolina.

Valuation

Market Cap$1.2B

Current Price$5.66as of Jun 23, 2026

P/E Ratio-252.29

P/B Ratio19.94

EV / EBITDA322.72

EV / Sales66.40

Profitability

Operating Margin-175.2%

Net Profit Margin-27.0%

EBITDA Margin20.6%

Returns

ROE-7.9%

ROCE-24.1%

ROIC %-11.0%

ROA-3.2%

Solvency

Current Ratio5.12

Debt / Equity1.05

Debt / Assets0.42

CFO / Net Profit5.62

Price History▲ 59.75% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$18M▲ 37.6%

EBITDA$4M▼ 103.6%

Net Profit$-5M▼ 95.9%

Cash from Ops (CFO)$-27M▼ 25.1%

Free Cash Flow (FCF)$-34M▼ 16.3%

Revenue CAGR 3Y43.3%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$18M	$4M	$-5M	$-34M	-7.9%	37.6%	-95.9%
2024	$13M	$-101M	$-116M	$-41M	219.2%	27.8%	90.6%
2023	$10M	$-35M	$-61M	$-64M	-118.1%	67.6%	66.5%
2022	$6M	$-16M	$-37M	$-96M	-34.5%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	6.01	10.07	12.87	17.71
Operating Revenue	-	6.01	10.07	12.87	17.71
Cost Of Revenue	-	3.28	5.06	5.02	4.88
Gross Profit	-	2.73	5.02	7.85	12.83
Operating Expense	-	93.60	74.42	57.61	43.85
Research And Development	-	42.08	22.20	14.40	10.38
Selling General And Administration	-	35.46	33.84	30.53	25.77
Total Expenses	-	96.88	79.48	62.63	48.73
Operating Income	-	-90.87	-69.40	-49.76	-31.02
Total Operating Income As Reported	-	-90.87	-69.40	-52.21	-31.02
EBITDA	-	-16.15	-34.63	-100.69	3.64
Normalized EBITDA	-	-74.36	-41.10	-40.62	-22.23
EBIT	-	-30.47	-51.88	-113.34	-4.10
Interest Income	-	1.16	1.90	1.04	1.59
Interest Expense	-	1.60	0.05	0.07	0.01
Net Interest Income	-	-0.56	1.72	-1.47	1.58
Other Non Operating Income Expenses	-	1.14	9.27	-2.11	-0.54
Other Income Expense	-	59.35	15.74	-62.18	25.33
Interest Income Non Operating	-	1.16	1.90	1.04	1.59
Interest Expense Non Operating	-	1.60	0.05	0.07	0.01
Net Non Operating Interest Income Expense	-	-0.56	1.72	-1.47	1.58
Pretax Income	-	-32.07	-51.94	-113.41	-4.11
Tax Provision	-	4.57	9.08	2.86	0.67
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	12.22	1.36	-12.61	5.43
Net Income Continuous Operations	-	-36.64	-61.02	-116.27	-4.78
Net Income From Continuing And Discontinued Operation	-	-36.64	-61.02	-116.27	-4.78
Net Income From Continuing Operation Net Minority Interest	-	-36.64	-61.02	-116.27	-4.78
Net Income	-	-36.64	-61.02	-116.27	-4.78
Net Income Common Stockholders	-	-36.64	-61.02	-116.27	-4.78
Net Income Including Noncontrolling Interests	-	-36.64	-61.02	-116.27	-4.78
Normalized Income	-	-82.63	-66.13	-68.82	-25.22
Diluted NI Availto Com Stockholders	-	-36.64	-61.02	-116.27	-4.78
Basic Average Shares	68.82	83.19	89.54	91.16	-
Diluted Average Shares	68.82	83.80	89.54	91.16	-
Reconciled Depreciation	-	14.33	17.26	12.66	7.74
Reconciled Cost Of Revenue	-	3.28	5.06	5.02	4.88
Total Unusual Items	-	58.21	6.47	-60.07	25.87
Total Unusual Items Excluding Goodwill	-	58.21	6.47	-60.07	25.87
Special Income Charges	-37.22	0	0	-	-
Other Special Charges	37.22	-	-	-	-
Gain On Sale Of Security	-	58.21	6.47	-60.07	25.87
Depreciation Amortization Depletion Income Statement	-	14.33	17.26	12.66	7.74
Depreciation And Amortization In Income Statement	-	14.33	17.26	12.66	7.74
General And Administrative Expense	-	35.46	33.84	30.53	25.77
Other Gand A	-	21.62	15.53	15.58	11.91
Salaries And Wages	-	9.22	15.64	13.02	12.74
Insurance And Claims	-	4.61	2.67	1.92	1.11
Total Other Finance Cost	0.07	0.12	0.13	2.44	-
Other Operating Expenses	-	8.53	22.20	2.83	2.44
Provision For Doubtful Accounts	-	1.74	1.13	0.02	-0.04
Depreciation Income Statement	-	14.33	17.26	12.66	7.74

Peer Comparison

Industrials sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Satellogic Inc.this co.	SATL	$1.2B	-252.29	19.94	-7.9%	322.72
ICF International, Inc.	ICFI	$1.2B	13.60	1.21	8.9%	9.01
Heartland Express, Inc.	HTLD	$1.2B	-	1.62	-6.9%	13.29
Graham Corporation	GHM	$1.2B	97.74	10.00	10.2%	55.89
Lindsay Corporation	LNN	$1.2B	16.11	2.24

Learn while you research

Hand-picked academy chapters to deepen your understanding of Satellogic Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Growth Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$18M

$4M

$-5M

$-34M

-7.9%

37.6%

-95.9%

2024

$13M

$-101M

$-116M

$-41M

219.2%

27.8%

90.6%

2023

$10M

$-35M

$-61M

$-64M

-118.1%

67.6%

66.5%

2022

$6M

$-16M

$-37M

$-96M

-34.5%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

6.01

10.07

12.87

17.71

Operating Revenue

6.01

10.07

12.87

17.71

Cost Of Revenue

3.28

5.06

5.02

4.88

Gross Profit

2.73

5.02

7.85

12.83

Operating Expense

93.60

74.42

57.61

43.85

Research And Development

42.08

22.20

14.40

10.38

Selling General And Administration

35.46

33.84

30.53

25.77

Total Expenses

96.88

79.48

62.63

48.73

Operating Income

-90.87

-69.40

-49.76

-31.02

Total Operating Income As Reported

-90.87

-69.40

-52.21

-31.02

EBITDA

-16.15

-34.63

-100.69

3.64

Normalized EBITDA

-74.36

-41.10

-40.62

-22.23

EBIT

-30.47

-51.88

-113.34

-4.10

Interest Income

1.16

1.90

1.04

1.59

Interest Expense

1.60

0.05

0.07

0.01

Net Interest Income

-0.56

1.72

-1.47

1.58

Other Non Operating Income Expenses

1.14

9.27

-2.11

-0.54

Other Income Expense

59.35

15.74

-62.18

25.33

Interest Income Non Operating

1.16

1.90

1.04

1.59

Interest Expense Non Operating

1.60

0.05

0.07

0.01

Net Non Operating Interest Income Expense

-0.56

1.72

-1.47

1.58

Pretax Income

-32.07

-51.94

-113.41

-4.11

Tax Provision

4.57

9.08

2.86

0.67

Tax Rate For Calcs

Tax Effect Of Unusual Items

12.22

1.36

-12.61

5.43

Net Income Continuous Operations

-36.64

-61.02

-116.27

-4.78

Net Income From Continuing And Discontinued Operation

-36.64

-61.02

-116.27

-4.78

Net Income From Continuing Operation Net Minority Interest

-36.64

-61.02

-116.27

-4.78

Net Income

-36.64

-61.02

-116.27

-4.78

Net Income Common Stockholders

-36.64

-61.02

-116.27

-4.78

Net Income Including Noncontrolling Interests

-36.64

-61.02

-116.27

-4.78

Normalized Income

-82.63

-66.13

-68.82

-25.22

Diluted NI Availto Com Stockholders

-36.64

-61.02

-116.27

-4.78

Basic Average Shares

68.82

83.19

89.54

91.16

Diluted Average Shares

68.82

83.80

89.54

91.16

Reconciled Depreciation

14.33

17.26

12.66

7.74

Reconciled Cost Of Revenue

3.28

5.06

5.02

4.88

Total Unusual Items

58.21

6.47

-60.07

25.87

Total Unusual Items Excluding Goodwill

58.21

6.47

-60.07

25.87

Special Income Charges

-37.22

Other Special Charges

37.22

Gain On Sale Of Security

58.21

6.47

-60.07

25.87

Depreciation Amortization Depletion Income Statement

14.33

17.26

12.66

7.74

Depreciation And Amortization In Income Statement

14.33

17.26

12.66

7.74

General And Administrative Expense

35.46

33.84

30.53

25.77

Other Gand A

21.62

15.53

15.58

11.91

Salaries And Wages

9.22

15.64

13.02

12.74

Insurance And Claims

4.61

2.67

1.92

1.11

Total Other Finance Cost

0.07

0.12

0.13

2.44

Other Operating Expenses

8.53

22.20

2.83

2.44

Provision For Doubtful Accounts

1.74

1.13

0.02

-0.04

Depreciation Income Statement

14.33

17.26

12.66

7.74

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Satellogic Inc.this co.

SATL

$1.2B

-252.29

19.94

-7.9%

322.72

ICF International, Inc.

ICFI

$1.2B

13.60

1.21

8.9%

9.01

Heartland Express, Inc.

HTLD

$1.2B

1.62

-6.9%

13.29

Graham Corporation

GHM

$1.2B

97.74

10.00

10.2%

55.89

Lindsay Corporation

LNN

$1.2B

16.11

2.24

Satellogic Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Satellogic Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on