Satellogic
Provides high-resolution imagery, monitoring tools, and sovereign satellite systems.
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Profile
Sells satellite imagery, monitoring subscriptions, constellation access, and satellite systems from a vertically integrated Earth-observation platform. Revenue is concentrated in Data & Analytics, with Space Systems, government and defense demand, partner distribution, and Montevideo manufacturing shaping execution.
Builds and operates Earth-observation satellites, then sells Data & Analytics products such as tasking, archived imagery, Aleph Observer, Constellation-as-a-Service, multispectral imagery, and Aleph platform/API access. Space Systems adds satellite sales, licensing, mission operations support, and sovereign-system options.
Revenue is concentrated in North America and is expected near term to come mainly from governments, defense-and-intelligence customers, and selected commercial customers. The company uses partner channels, including Vantor in the United States and Suhora in India and Nepal, alongside direct platform access.
Execution rests on vertical integration, Montevideo assembly and testing, non-ITAR architecture, and founder-led technical management. The business also depends on a small customer base, defense procurement cycles, export-control compliance, satellite capacity, and progress from Aleph Observer toward Merlin.
Company facts
Categories
Key statistics
Year to date +146% · Average volume (30d) 5.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $10 | $9 | |
| Jun 29, 2026 | Freedom Broker | Upgrade | Hold | Buy | ||
| May 28, 2026 | Northland Securities | Target | $9 | $11 | ||
| May 27, 2026 | Roth Capital | Target | $10 | $15 | ||
| May 13, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $7 | $10 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.03 | −$0.13 | −420.0% | $9.6M | $15.9M | +66.3% | +4.56% |
| May 11, 2026Q1 FY26 | −$0.05 | −$0.04 | +20.0% | $5.3M | $6.1M | +15.8% | −13.22% |
| Mar 19, 2026Q4 FY25 | −$0.06 | $0.17 | +383.3% | $3.8M | $6.2M | +61.7% | +9.45% |
| Nov 10, 2025Q3 FY25 | −$0.04 | −$0.02 | +50.0% | $3.2M | $3.6M | +13.5% | +1.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.4M | $4.4M | $3.6M | $6.2M | $6.1M | $15.9M | |
| Gross profit | $2.2M | $3.3M | $2.5M | $5.0M | $4.7M | $13.1M | |
| Operating income | −$9.5M | −$6.3M | −$8.1M | −$7.1M | −$6.4M | $266.0K | |
| Net income | −$32.6M | −$6.7M | $4.0M | $30.5M | −$118.3M | −$20.0M | |
| Diluted EPS | −$0.34 | −$0.06 | $0.03 | $0.24 | −$0.84 | −$0.13 | |
| Gross margin | 63.5% | 73.2% | 67.8% | 79.5% | 76.2% | 82.3% | |
| Operating margin | -280.9% | -141.6% | -222.5% | -114.2% | -104.2% | 1.7% |
Fiscal years (4-quarter sums)FY21 $4.2M · FY22 $8.2M · FY23 $10.1M · FY24 $12.9M · FY25 $17.7M
Revenue by product · Q2 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $112.8M · Total debt $96.5M · Total assets $196.2M · Shareholders' equity $33.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 137.66M · Float 74.64M · 54.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Liberty Capital L.L.C. | 32.50M | 20.30% | 13D | May 28, 2026 |
| Lutnick Brandon · 10 percent owner | 13.38M | 9.72% | Form 4 | Oct 6, 2025 |
| Emiliano Kargieman · director, 10 percent owner, officer: Chief Executive Officer | 11.98M | 8.70% | Form 4 | Jul 22, 2026 |
| Liberty 77 Capital L.P. | 10.00M | 7.26% | 13F | Aug 14, 2026 |
| State Street Corporation | 7.60M | 5.50% | 13G | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 26, 2026 | Liberty 77 Capital L.P. | director, 10 percent owner: | −10,000,000 | $9.77 |
| May 14, 2026 | Alan Kharsansky | officer: Chief Technology Officer | −87,091 | $8.35 |
| Mar 27, 2026 | Rick Dunn | officer: Chief Financial Officer | +16,695 | $5.91 |
| Mar 30, 2026 | Rick Dunn | officer: Chief Financial Officer | +19,050 | $5.17 |
| Mar 30, 2026 | Matthew Tirman | officer: President | −9,499 | $5.18 |
Peers
- Planet Labs
Daily EO monitoring and tasking rival
- BlackSky Technology
Real-time geospatial intelligence and tasking rival
- MDA Space
SAR geointelligence and mission-systems rival
- Spire Global
Space-based data and space-services peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Satellogic | $4.82 | −0.21% | $667.7M | — | — | 20.9 | +258.5% |
| Planet Labs | $20.04 | +0.30% | $6.65B | — | — | 19.8 | +42.1% |
| BlackSky Technology | $23.40 | −1.29% | $969.8M | — | — | 8.9 | +50.1% |
| MDA Space | $29.10 | +0.80% | $4.68B | 50.7 | 27.8 | 3.0 | — |
| Spire Global | $13.53 | +2.88% | $428.5M | — | — | 6.9 | — |
| Median | 50.7 | 27.8 | 7.9 | +46.1% |