Satellogic Inc (SATL) financial statements: income statement, balance sheet and cash flow
Satellogic Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Satellogic Inc reported revenue of $17.7M (+37.6% year on year) and net income of ($4.8M) (+95.9% year on year).
Income statement
Satellogic Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$17.7M
$12.9M
$10.1M
$6.0M
Cost of sales, exclusive of depreciation shown separately below
$4.9M
$5.0M
$5.1M
$3.3M
Engineering
$10.4M
$14.4M
—
—
Selling, general and administrative
$25.7M
$33.0M
$23.5M
$37.2M
Depreciation expense
$7.7M
$12.7M
$17.3M
$14.3M
Total costs and expenses
$48.7M
$65.1M
$79.5M
$96.9M
Operating loss
($31.0M)
($52.2M)
($69.4M)
($90.9M)
Interest income, net
$1.6M
$970.0K
—
—
Change in fair value of financial instruments
$25.9M
($60.1M)
$6.5M
$58.3M
Other income (expense), net
($541.0K)
($2.1M)
—
—
Total other income (expense), net
$26.9M
($61.2M)
$17.5M
$58.8M
Loss before income tax
($4.1M)
($113.4M)
($51.9M)
($32.1M)
Income tax expense
($673.0K)
($2.9M)
($9.1M)
($4.6M)
Net loss available to stockholders
($4.8M)
($116.3M)
($61.0M)
—
Foreign currency translation gain (loss), net of tax
$1.1M
($538.0K)
$279.0K
($226.0K)
Comprehensive loss
($3.7M)
($116.8M)
($60.7M)
($36.9M)
Basic net loss per share for the period attributable to holders of Common Stock (in dollars per share)
-$0.04
-$1.28
-$0.68
-$0.44
Basic weighted-average Common Stock outstanding (in shares)
109.1M
91.2M
89.5M
83.2M
Diluted net loss per share for the period attributable to holders of Common Stock (in dollars per share)
-$0.18
-$1.28
-$0.68
-$0.66
Diluted weighted-average Common Stock outstanding (in shares)
134.1M
91.2M
89.5M
83.8M
Satellogic Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$15.9M
$6.1M
$3.6M
$4.4M
Cost of revenue
$2.8M
$1.5M
$1.2M
$1.2M
Engineering
$3.1M
$3.1M
$2.6M
$2.3M
Selling, general and administrative
$8.6M
$6.5M
$6.4M
$5.4M
Depreciation
$1.1M
$1.4M
$1.5M
$1.8M
Total costs and expenses
$15.7M
$12.5M
$11.7M
$10.7M
Operating income (loss)
$266.0K
($6.4M)
($8.1M)
($6.3M)
Interest income, net
$1.0M
$957.0K
$272.0K
$285.0K
Change in fair value of financial instruments
($19.7M)
($113.0M)
$11.9M
($312.0K)
Other income (expense), net
$300.0K
$153.0K
$14.0K
($380.0K)
Total other income (expense), net
($18.4M)
($111.9M)
$12.2M
($407.0K)
Loss before income tax
($18.1M)
($118.3M)
$4.1M
($6.7M)
Income tax benefit (expense)
($1.9M)
($40.0K)
($119.0K)
$40.0K
Net loss available to stockholders
($20.0M)
($118.3M)
$4.0M
($6.7M)
Foreign currency translation (loss) gain, net of tax
($265.0K)
($533.0K)
$107.0K
$749.0K
Comprehensive loss
($20.3M)
($118.8M)
$4.1M
($5.9M)
Basic net loss per share for the period attributable to holders of Common Stock (in dollars per share)
-$0.13
-$0.84
$0.04
-$0.06
Basic weighted-average Common Stock outstanding (in shares)
150.6M
140.9M
106.0M
103.2M
Diluted net loss per share for the period attributable to holders of Common Stock (in dollars per share)
-$0.13
-$0.84
-$0.02
-$0.06
Diluted weighted-average Common Stock outstanding (in shares)
150.6M
140.9M
131.0M
103.2M
Balance sheet
Satellogic Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$94.4M
$22.5M
$23.5M
$76.5M
Restricted cash
$7.4M
—
$0
$126.0K
Accounts receivable, net of allowance of $52 and $148, respectively
$8.5M
$1.5M
$901.0K
$1.4M
Inventories
$2.1M
—
—
—
Prepaid expenses and other current assets
$2.7M
$3.9M
$2.2M
$3.2M
Total current assets
$115.2M
$27.9M
$26.6M
$81.2M
Property and equipment, net
$24.6M
$27.2M
$41.1M
$48.0M
Operating lease right-of-use assets
$7.0M
$877.0K
$3.2M
$8.2M
Other non-current assets
$4.4M
$5.7M
$5.5M
$6.5M
Total assets
$151.3M
$61.7M
$76.4M
$143.9M
Accounts payable
$2.4M
$3.8M
$7.9M
$9.8M
Warrant liabilities
$5.8M
$11.5M
$2.8M
$8.3M
Earnout liabilities
$554.0K
$1.5M
$419.0K
$1.4M
Operating lease liabilities
$1.2M
$363.0K
$2.1M
$2.2M
Contract liabilities
$10.6M
$5.9M
$3.7M
$1.9M
Accrued expenses and other liabilities
$1.9M
$11.6M
$4.4M
$6.4M
Total current liabilities
$22.5M
$34.6M
$21.4M
$30.1M
Secured Convertible Notes at fair value
$56.1M
$79.1M
—
—
Operating lease liabilities
$6.1M
$516.0K
$1.8M
$6.1M
Contract liabilities
$4.0M
$0
$1.0M
$1.0M
Other non-current liabilities
$2.1M
$516.0K
$526.0K
$522.0K
Total liabilities
$90.8M
$114.7M
$24.7M
$37.7M
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024
0
0
0
0
Common stock
$0
$0
$0
$0
Treasury stock, at cost, $567,823 shares as of December 31, 2025 and 2024
-8.6M
-8.6M
-8.6M
-8.6M
Additional paid-in capital
$473.5M
$356.2M
$344.1M
$337.9M
Accumulated other comprehensive income (loss)
$531.0K
($571.0K)
($33.0K)
($312.0K)
Accumulated deficit
($404.9M)
($400.1M)
($283.8M)
($222.8M)
Total stockholders’ equity (deficit)
$60.5M
($53.0M)
$51.7M
$106.2M
Total liabilities and stockholders' equity
$151.3M
$61.7M
$76.4M
$143.9M
Satellogic Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$112.8M
$121.9M
$28.3M
$32.6M
Restricted cash
$9.1M
$7.1M
$807.0K
—
Accounts receivable, net of allowance of $18 and $52, respectively
$9.5M
$10.0M
$2.6M
$1.0M
Inventories
$1.8M
$2.4M
—
—
Prepaid expenses and other current assets
$6.3M
$3.3M
$3.8M
$3.7M
Total current assets
$139.6M
$144.5M
$35.5M
$37.3M
Property and equipment, net
$33.7M
$29.0M
$24.8M
$24.8M
Operating lease right-of-use assets
$6.5M
$6.8M
$6.1M
$6.3M
Investment in equity securities
$15.0M
—
—
—
Other non-current assets
$1.6M
$7.8M
$4.4M
$5.4M
Total assets
$196.2M
$188.1M
$70.9M
$73.8M
Accounts payable
$4.4M
$3.7M
$2.4M
$2.9M
Warrant liabilities
$33.5M
$31.6M
$10.1M
$13.8M
Earnout liabilities
$3.7M
$3.6M
$1.3M
$1.9M
Operating lease liabilities
$1.3M
$1.3M
$927.0K
$1.0M
Contract liabilities
$14.6M
$17.0M
$8.1M
$6.5M
Accrued expenses and other liabilities
$2.3M
$1.8M
$10.0M
$12.1M
Total current liabilities
$59.8M
$59.1M
$32.9M
$38.1M
Secured Convertible Notes at fair value
$89.7M
$142.6M
$89.0M
$97.7M
Operating lease liabilities
$5.5M
$5.8M
$5.4M
$5.6M
Contract liabilities
$3.5M
$4.0M
—
—
Other non-current liabilities
$3.9M
$2.1M
$506.0K
$527.0K
Total liabilities
$162.4M
$213.6M
$127.8M
$142.0M
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025
0
0
0
0
Common stock
$0
$0
$0
$0
Treasury stock, at cost, $567,823 shares as of June 30, 2026 and December 31, 2025
-8.6M
-8.6M
-8.6M
-8.6M
Additional paid-in capital
$586.0M
$506.3M
$386.5M
$379.4M
Accumulated other comprehensive (loss) income
($267.0K)
($2.0K)
$542.0K
$435.0K
Accumulated deficit
($543.2M)
($523.2M)
($435.4M)
($439.3M)
Total stockholders’ equity
$33.9M
($25.5M)
($56.9M)
($68.1M)
Total liabilities and stockholders' equity
$196.2M
$188.1M
$70.9M
$73.8M
Cash flow statement
Satellogic Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($4.8M)
($116.3M)
($61.0M)
($36.6M)
Depreciation expense
$7.7M
$12.7M
$17.3M
$14.3M
Debt issuance costs
$0
$2.4M
—
—
Operating lease expense
$1.9M
$1.5M
$2.8M
$2.0M
Stock-based compensation
$4.3M
$2.3M
$6.3M
$8.4M
Change in fair value of financial instruments, net of interest paid on Secured Convertible Notes
($29.2M)
—
—
—
Foreign exchange differences
($105.0K)
($2.9M)
($10.9M)
($4.6M)
Loss on disposal of property and equipment
$691.0K
$4.4M
—
$996.0K
(Release) expense for estimated credit losses on accounts receivable
($38.0K)
—
$1.1M
$1.7M
Equity in net (income) loss of affiliate
($8.0K)
—
—
—
Non-cash change in contract liabilities
($357.0K)
($1.3M)
$1.2M
—
Other, net
$296.0K
$234.0K
$666.0K
—
Accounts receivable
($6.0M)
($1.1M)
($385.0K)
($1.9M)
Inventories
($723.0K)
—
—
—
Prepaid expenses and other current assets
$1.9M
($1.7M)
$2.1M
($1.9M)
Accounts payable
($1.5M)
($2.4M)
$1.5M
($3.2M)
Contract liabilities
$9.0M
$2.5M
$598.0K
$1.0M
Accrued expenses and other liabilities
($8.2M)
$7.2M
($2.1M)
($1.6M)
Operating lease liabilities
($1.7M)
($2.0M)
($2.2M)
($2.0M)
Net cash used in operating activities
($26.9M)
($35.9M)
($49.6M)
($68.5M)
Purchases of property and equipment
($7.4M)
($5.0M)
($14.9M)
($27.3M)
Other
$0
$6.0K
$0
$53.0K
Net cash used in investing activities
($7.4M)
($5.0M)
($14.4M)
($30.9M)
Proceeds from Secured Convertible Notes
$0
$30.0M
—
—
Proceeds from issuance stock
$111.9M
$9.6M
—
—
Payments of debt issuance costs
$0
($2.4M)
—
—
Payments for withholding taxes related to the net share settlement of equity awards
($1.2M)
($660.0K)
($458.0K)
—
Proceeds from exercise of Public Warrants
$0
$1.0K
$0
$5.3M
Proceeds from exercise of stock options
$1.8M
$911.0K
$375.0K
$144.0K
Net cash provided by financing activities
$112.5M
$37.5M
($83.0K)
$164.3M
Net increase (decrease) in cash, cash equivalents and restricted cash
$78.3M
($3.5M)
($64.1M)
$65.0M
Effect of foreign exchange rate changes
$159.0K
$2.5M
$10.9M
$4.2M
Cash, cash equivalents and restricted cash - beginning of period
$23.7M
$24.6M
$77.8M
$8.5M
Cash, cash equivalents and restricted cash - end of period
$102.1M
$23.7M
$24.6M
$77.8M
Satellogic Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($138.4M)
($118.3M)
($35.3M)
($39.2M)
Depreciation expense
$2.5M
$1.4M
$6.0M
$4.5M
Operating lease expense
$1.0M
$511.0K
$1.2M
$821.0K
Deferred tax expense (benefit)
$1.9M
—
—
—
Stock-based compensation
$2.2M
$735.0K
$2.8M
$1.2M
Change in fair value of financial instruments, net of interest paid on Secured Convertible Notes
$131.2M
$111.5M
$7.5M
$21.0M
Foreign exchange differences
($173.0K)
($43.0K)
($102.0K)
($191.0K)
Loss on disposal of property and equipment
$311.0K
$182.0K
$471.0K
$168.0K
Release of estimated credit losses on accounts receivable
($34.0K)
($32.0K)
—
—
Non-cash change in contract liabilities
($337.0K)
$14.0K
($262.0K)
($249.0K)
Adjustment for proceeds on sale of in-orbit satellites
($8.3M)
—
—
—
Accounts receivable
($1.4M)
$5.7M
($20.0K)
$1.5M
Inventories
$726.0K
($270.0K)
—
—
Prepaid expenses and other current assets
($4.1M)
($976.0K)
$2.0M
$1.3M
Accounts payable
$815.0K
$907.0K
($1.5M)
($536.0K)
Contract liabilities
$4.1M
($872.0K)
$2.4M
$746.0K
Accrued expenses and other liabilities
$373.0K
$36.0K
($1.6M)
$513.0K
Operating lease liabilities
($961.0K)
($361.0K)
($1.1M)
($548.0K)
Net cash used in operating activities
($8.5M)
$158.0K
($17.4M)
($9.1M)
Purchases of property and equipment
($11.2M)
($5.5M)
($4.0M)
($2.7M)
Proceeds from sale of in-orbit satellites
$8.3M
—
—
—
Net cash used in investing activities
($2.9M)
($5.5M)
($4.0M)
($2.7M)
Payments for withholding taxes related to the net share settlement of equity awards
($691.0K)
($303.0K)
($980.0K)
($653.0K)
Proceeds from issuance stock
$32.8M
$32.8M
$26.2M
$20.8M
Proceeds from exercise of stock options
$235.0K
$5.0K
$1.7M
$1.3M
Net cash provided by financing activities
$32.3M
$32.5M
$27.0M
$21.4M
Net increase in cash, cash equivalents and restricted cash
$21.0M
$27.1M
$5.5M
$9.7M
Effect of foreign exchange rate changes on cash and cash equivalents
$32.0K
($2.0K)
$148.0K
$220.0K
Cash, cash equivalents and restricted cash - beginning of period
$102.1M
$102.1M
$23.7M
$23.7M
Cash, cash equivalents and restricted cash - end of period