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Satellogic Inc.

satellogic.com

What Do They Do?

Sells Earth imagery and analytics to government, defense and intelligence customers, and commercial operators; designs and sells satellite systems to governments and local partners.

How Do They Make Money?

Data & Analytics earns money from imagery sold for individual tasks and satellite service contracts provided over a subscription period; Space Systems sells satellites and related products, typically delivered as equipment or in orbit.

revenue
SegmentShareRevenue
Data & Analytics including CaaS
Mix

90%
Space Systems
Sold outright

9.7%
FY2022: 0.0%

Who Are Their Customers?

Governments and defense and intelligence agencies buy imagery and satellite systems through direct sales as well as regional distributors and partners. Commercial users can get data through resellers and service providers or use the web platform to book satellite time.

Do Revenues Turn Into Profits?

No. It lost $4.8M in FY2025.

Operating income, FY2025
−175% of revenue
▼ −41% (Loss) vs FY2024 (−$52.2M, −406%)
Net income, FY2025
−27% of revenue
▼ −96% (Loss) vs FY2024 (−$116.3M, −903%)
Free cash flow, FY2025
−193% of revenue
▼ −16% (Loss) vs FY2024 (−$40.9M, −318%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▲ +201% (Loss)
vs −$6.7M in Q2 FY2025
  • Aug 27, 2026 Satellogic appoints Dustin Greer as interim CFO He also serves as the company’s principal accounting officer.
  • Jul 28, 2026 Rick Dunn is leaving the CFO role He notified the company that his resignation would take effect August 21, 2026.

Growing. Revenue grew 4.2x in 4 years, from $4.2M in FY2021 to $17.7M in FY2025, about 43% a year.

Ongoing monitoring The earlier report described customers tasking satellites to monitor assets; the latest adds Aleph Observer, which monitors sites continuously and includes analytics to track changes over time.

Revenue over time
Data & Analytics including CaaS Space Systems Constellation as a Service ("CaaS") Asset Monitoring
$20M$10M$0

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