Satellogic (SATL) AI Stock Analysis

• Market Cap: $657.19M
• Dividend Yield: N/A
• Average Volume (3M): 10.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.85
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 137
• Sector: Industrials
• Sector Strength: 72
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.05
• Shares Outstanding: 132,284,090
• 10 Day Avg. Volume: 17,467,666
• 30 Day Avg. Volume: 10,412,240
• PEG Ratio: -0.03
• Price to Book (P/B): -4.90
• Price to Sales (P/S): 20.19
• P/FCF Ratio: -6.35
• Enterprise Value/Market Cap: 0.80
• Enterprise Value/Revenue: 36.36
• Enterprise Value/Gross Profit: 54.57
• Enterprise Value/Ebitda: -37.10
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $4.50 ▲(22.28% Upside)

The score is held back primarily by weak financial performance (ongoing losses, negative equity, and negative operating cash flow). Technicals are supportive due to a strong uptrend, but overbought indicators raise near-term risk. Valuation remains challenged by unprofitability, while the $18M satellite supply deal is a constructive positive catalyst.

Positive Factors

Strategic supply deal expands sovereign footprint

The €18M supply and in-orbit delivery agreement with Portugal’s CEiiA establishes commercial traction in European sovereign programs, builds local industrial ties and knowledge transfer, and positions Satellogic as a partner for multi-year government programs supporting structural revenue opportunities.

Strong gross margins on imagery products

A near-50% gross margin suggests scalable unit economics for satellite imagery and processing, allowing incremental revenue to flow to the bottom line once fixed costs are absorbed, supporting sustainable profitability potential as constellation utilization and data sales scale over months to years.

Monetization of in-orbit assets via sovereignty program

Selling an active in-orbit satellite demonstrates a repeatable revenue stream and commercial flexibility in the Sovereignty Government Program, turning deployed assets into near-term cash generation and validating a structural channel to governments seeking immediate sovereign EO capability.

Negative Factors

Negative equity and elevated leverage

Negative shareholders’ equity and a negative debt/equity ratio indicate a fragile capital structure that can constrain access to financing, limit strategic flexibility, and increase refinancing risk, making sustained investment in constellation expansion more costly and uncertain over the medium term.

Persistent operating cash flow deficits

Ongoing negative operating cash flow signals structural cash burn versus internal earnings, forcing reliance on external financing to fund operations and growth. This undermines long-term self-funding of constellations and exposes the business to capital market access and dilution risks.

Unprofitable operations despite modest revenue growth

Revenue growth is modest while net and operating margins remain negative, indicating the company has not achieved scale or operating leverage. Without sustained higher top-line growth or margin expansion, profitability will remain elusive and limit cash generation and reinvestment capacity.

Satellogic Business Overview & Revenue Model

Company Description

Satellogic Inc. builds and operates nano satellites for commercial-grade Earth observation in real-time. It offers data streams that are used in decision-making processes for various branches of government, organizations, businesses, and individuals. Its satellites are used for applications in agriculture, pipeline monitoring, critical infrastructure monitoring, disaster response, illegal logging, border patrol, port security, and other applications. The company was founded in 2010 and is based in Palo Alto, California.

How the Company Makes Money

Satellogic generates revenue primarily through the sale of satellite imagery and data services. Its key revenue streams include direct sales of high-resolution images to various sectors, subscription-based access to its geospatial data platform, and custom analytics services tailored to specific client needs. Significant partnerships with government agencies and private enterprises enhance its market reach and credibility, while long-term contracts for data provision ensure a stable income. Additionally, Satellogic has strategies in place to expand its service offerings, including the integration of machine learning for more advanced data analysis, contributing to its overall revenue growth.

Satellogic Financial Statement Overview

Summary

Weak fundamentals: modest revenue growth (4.42% TTM) but continued losses (negative net margin and negative EBIT/EBITDA). Balance sheet risk is elevated with negative stockholders’ equity and high leverage signals, and cash flow remains pressured with negative operating cash flow.

Income Statement

Satellogic's income statement reveals significant challenges. Despite a modest revenue growth of 4.42% TTM, the company struggles with profitability, evidenced by a negative net profit margin of -5.30% and negative EBIT and EBITDA margins. The gross profit margin of 49.63% indicates some efficiency in production, but overall, the company is not generating profits from its operations.

Balance Sheet

The balance sheet shows a concerning financial structure with a negative stockholders' equity, leading to a negative debt-to-equity ratio of -1.67. This indicates high leverage and potential financial instability. The return on equity is positive at 1.18%, but this is due to the negative equity, which is not a healthy sign.

Cash Flow

Cash flow analysis highlights ongoing cash flow issues. The operating cash flow is negative, and the free cash flow growth is positive at 17.54% TTM, but from a negative base. The operating cash flow to net income ratio is negative, indicating cash flow challenges in covering net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.48M	12.87M	10.07M	6.01M	4.25M	0.00
Gross Profit	9.65M	7.85M	5.02M	2.73M	2.37M	0.00
EBITDA	-14.19M	-100.69M	-34.63M	-16.15M	-77.08M	-19.38M
Net Income	-76.76M	-116.27M	-61.02M	-36.64M	-96.31M	-21.53M
Balance Sheet
Total Assets	70.87M	61.69M	76.38M	143.85M	49.92M	54.62M
Cash, Cash Equivalents and Short-Term Investments	28.29M	22.49M	23.48M	76.53M	8.53M	17.27M
Total Debt	95.28M	79.95M	3.93M	8.24M	111.54M	160.28M
Total Liabilities	127.76M	114.72M	24.71M	37.66M	289.35M	171.91M
Stockholders Equity	-56.89M	-53.03M	51.67M	106.20M	-239.43M	-117.29M
Cash Flow
Free Cash Flow	-25.80M	-40.93M	-64.46M	-95.71M	-39.67M	-26.59M
Operating Cash Flow	-21.07M	-35.89M	-49.57M	-68.46M	-28.44M	-17.33M
Investing Cash Flow	-4.74M	-5.03M	-14.44M	-30.85M	-11.23M	-9.24M
Financing Cash Flow	37.09M	37.45M	-83.00K	164.34M	28.64M	17.78M

Satellogic Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SATL, the sentiment is Neutral. The current price of 3.68 is below the 20-day moving average (MA) of 3.84, above the 50-day MA of 2.61, and above the 200-day MA of 3.18, indicating a neutral trend. The MACD of 0.65 indicates Positive momentum. The RSI at 50.30 is Neutral, neither overbought nor oversold. The STOCH value of 46.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SATL.

Satellogic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
LPTH	52 Neutral	$555.18M	-27.36	-37.93%	―	36.85%	-77.93%
MLAB	51 Neutral	$434.94M	-255.23	-0.92%	0.79%	7.39%	99.34%
SATL	49 Neutral	$657.19M	-2.89	―	―	―	―
BKSY	49 Neutral	$794.36M	-6.85	-88.03%	―	-5.13%	-37.34%
OUST	45 Neutral	$1.25B	-12.34	-42.03%	―	30.20%	35.80%
MVIS	43 Neutral	$248.17M	-2.14	-112.89%	―	-67.66%	13.39%

Satellogic Corporate Events

Satellogic signs $18M satellite supply deal with CEiiA

On January 12, 2026, Satellogic announced an $18 million agreement with Portugal’s Centre of Engineering and Product Development (CEiiA) for the supply and in-orbit delivery of two NewSat Mark V 50cm-class imaging satellites, which are expected to transfer to Portuguese ownership and operational control in the second quarter of 2026. The deal will strengthen Portugal’s contribution to the Atlantic Constellation and boost European sovereign Earth observation capacity, with more than 85% of components sourced from Europe and a structured knowledge-transfer program designed to support national capacity building, reinforce the regional industrial base, and enhance the constellation’s role in civil, environmental, security and defense applications.

The most recent analyst rating on (SATL) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Satellogic stock, see the SATL Stock Forecast page.

Satellogic Approves Key Proposals at Annual Meeting

On December 8, 2025, Satellogic Inc. held its annual meeting of stockholders virtually, where several key proposals were voted on. The election of Class I directors, the ratification of Ernst & Young LLP as independent accountants for the fiscal year ending December 31, 2025, and the amendment of the 2021 Incentive Compensation Plan were all approved, impacting the company’s governance and financial oversight.

The most recent analyst rating on (SATL) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Satellogic stock, see the SATL Stock Forecast page.