Satellogic Inc. (SATL)
NASDAQ:SATL
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Earnings Data
Report Date
Sep 17, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational inflection point: very strong revenue growth (+80%), meaningful improvement in adjusted EBITDA (-32%), the company’s first positive operating cash flow, a strengthened cash position ($121.9M), multiple sovereign and commercial wins, Aleph Observer now in market, and Merlin fully funded and on schedule. Material negatives include a large GAAP net loss driven by a $113M noncash fair-value charge, continued adjusted EBITDA losses (albeit improving), the marginal nature of operating cash flow that may not be fully sustainable quarter-to-quarter, and some expense and timing risk from lumpy Space Systems revenue and backlog timing. On balance, the operational momentum, capital runway and funded roadmap were presented as outweighing near-term accounting charges and timing risks.Company Guidance
Strong Revenue Growth
Total revenue increased 80% year-over-year to $6.1 million in Q1 2026 (from $3.4 million in Q1 2025), driven primarily by a $1.6 million increase in imagery orders and a $3.0 million increase in data & analytics revenue.
Improved Profitability Metrics
Adjusted EBITDA loss improved 32% year-over-year to a loss of $4.2 million, and operating loss improved ~33% to $6.4 million, showing operating leverage as revenue scales.
First Positive Operating Cash Flow
Generated positive net cash from operating activities for the first time in company history: $0.2 million in Q1 2026 (improvement of $4.9 million vs. Q1 2025 when $4.7 million was used).
Strengthened Balance Sheet
Ended the quarter with $121.9 million in cash and cash equivalents (up from $94.4 million at year-end 2025), supported by a $35 million registered direct offering completed in January 2026.
Geographic Diversification and Asia Pacific Momentum
Asia Pacific revenue expanded more than eightfold year-over-year to $3.0 million (from $0.4 million), with notable customers in Australia and Malaysia; Europe revenue rose to $1.1 million (from $0.5 million).
Significant Commercial and Sovereign Wins
Closed multiple notable contracts including a $18 million agreement with CEiiA (Portugal) for two satellites, a recent $12 million sovereign in-orbit sale, and the sale of NuSAT34 to Australia; Space Systems contributed $1.5 million of revenue this quarter.
Product and Platform Progress — Aleph Observer Live
Launched Aleph Observer in February 2026: a persistent monitoring platform delivering images within ~3 hours and built-in automated object detection; early customer pilots converting one-off imagery buyers into multi-year subscription prospects.
Merlin Constellation Fully Funded and On Schedule
Merlin development anchored by a $30 million customer contract; first launch remains on track for October 2026 with initial constellation rollout expected in H1 2027, positioning the company for future recurring revenue at scale.
Unit Economics and Capacity Advantage
Patent-protected camera design yields ~10x imagery throughput per satellite versus peers and an all-in new-satellite cost of approximately $1.3 million, enabling lower unit costs for persistent monitoring.
Operational Execution
Successful launches of NewSat 53 and NewSat 54 on March 30 expanded in-orbit capacity and flight heritage; production milestones for Merlin reported as on track.
SATL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SATL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $8.70 | $7.55 | -13.22% |
Mar 19, 2026 | $2.96 | $3.28 | +10.81% |
Nov 10, 2025 | $1.60 | $1.62 | +1.25% |
Aug 12, 2025 | $3.48 | $3.61 | +3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Satellogic Inc. (SATL) report earnings?
Satellogic Inc. (SATL) is schdueled to report earning on Sep 17, 2026, Before Open (Not Confirmed).
What is Satellogic Inc. (SATL) earnings time?
Satellogic Inc. (SATL) earnings time is at Sep 17, 2026, Before Open (Not Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SATL EPS forecast?
SATL EPS forecast for the fiscal quarter 2026 (Q2) is -0.02.