Satellogic (NASDAQ:SATL) Announces Earnings Results

Satellogic (NASDAQ:SATL) issued its earnings results on Thursday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.23, FiscalAI reports. The business had revenue of $6.25 million for the quarter, compared to the consensus estimate of $3.83 million.

Here are the key takeaways from Satellogic’s conference call:

• Revenue grew 38% YoY to $17.7 million in 2025, operating expenses fell 25%, adjusted EBITDA loss improved 48%, and the company ended the year with $94.4 million in cash (plus a $35M follow-on in Jan‑2026), strengthening liquidity to fund execution.
• Satellogic completed its U.S. domicile in March 2025, which management says unlocks U.S. government, defense, and allied sovereign contracting, materially expanding addressable markets previously closed to the company.
• Product roadmap acceleration — Aleph Observer is live as a subscription-style persistent monitoring service, and the fully funded Merlin constellation (first launch targeted Oct‑2026; initial 8‑sat tranche operational H1‑2027) aims to enable daily 1m global remaps with in‑orbit AI, inter‑satellite links, real‑time alerts, and retasking.
• Commercial traction strengthened with a $65.1 million non‑cancelable RPO backlog (≈$28.6M near‑term), notable wins including an $80M CEIIA Portugal sovereign deal and contracts in India, Albania and Australia, and a stated pipeline exceeding $1 billion.
• Execution and profitability risks remain — the company still reported an operating loss (~$31M) in 2025, and much of the improvement in net loss was driven by an $85.9M favorable fair‑value change in financial instruments rather than recurring operating performance, making Merlin delivery timelines and sustained commercial conversion critical.

Satellogic Stock Up 16.9%

Shares of SATL traded up $0.56 during trading hours on Friday, reaching $3.84. The stock had a trading volume of 7,133,493 shares, compared to its average volume of 8,911,361. The company has a market cap of $519.53 million, a P/E ratio of -16.19 and a beta of 1.45. Satellogic has a 52 week low of $1.25 and a 52 week high of $5.93. The firm has a 50-day moving average of $3.53 and a 200 day moving average of $2.86.

Analyst Ratings Changes

SATL has been the subject of a number of analyst reports. Craig Hallum began coverage on Satellogic in a research note on Wednesday, January 21st. They set a “buy” rating and a $5.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research note on Thursday, January 22nd. Wall Street Zen lowered Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Loop Capital set a $4.50 price target on Satellogic in a research note on Wednesday, March 11th. Finally, Northland Securities began coverage on shares of Satellogic in a research report on Wednesday, February 18th. They issued an “outperform” rating and a $5.50 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Satellogic currently has an average rating of “Moderate Buy” and an average price target of $5.50.

Insiders Place Their Bets

In other Satellogic news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $5.63, for a total value of $2,189,096.01. Following the completion of the transaction, the insider directly owned 12,862,075 shares of the company’s stock, valued at approximately $72,413,482.25. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 524,373 shares of company stock worth $2,942,676 in the last 90 days. Insiders own 51.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its position in Satellogic by 14.0% in the 4th quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock valued at $87,000 after buying an additional 5,723 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Satellogic during the 4th quarter worth approximately $294,000. Millennium Management LLC bought a new position in shares of Satellogic during the 4th quarter worth approximately $2,172,000. AQR Capital Management LLC raised its holdings in shares of Satellogic by 227.7% in the fourth quarter. AQR Capital Management LLC now owns 153,458 shares of the company’s stock valued at $287,000 after purchasing an additional 106,626 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in shares of Satellogic in the fourth quarter worth $25,000. 17.58% of the stock is currently owned by institutional investors.

About Satellogic

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.