Satellogic (SATL) AI Stock Analysis

• Market Cap: $407.76M
• Dividend Yield: N/A
• Average Volume (3M): 4.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.91
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 137
• Sector: Industrials
• Sector Strength: 72
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.02
• Shares Outstanding: 124,884,514
• 10 Day Avg. Volume: 5,030,879
• 30 Day Avg. Volume: 4,014,662
• 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: 1.22
• Enterprise Value/Revenue: 34.24
• Enterprise Value/Gross Profit: 51.39
• Enterprise Value/Ebitda: -34.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $3.00 ▼(-16.90% Downside)

The score is held down primarily by weak financial performance (ongoing losses, negative operating cash flow, and negative equity/high leverage). Technicals provide a partial offset with positive trend signals, but overbought indicators add risk. Corporate events are a modest positive due to improved contract visibility and added capital, while valuation remains challenged due to unprofitability and no dividend support.

Positive Factors

Gross margin strength

A near-50% gross margin shows the core data and satellite operations have favorable unit economics, which supports scalability as imaging volume grows. Durable margin advantage enables investment in analytics and recurring services, helping long-term margin sustainability if overheads are controlled.

Strategic recurring monitoring contract

A multi-site, high-frequency monitoring contract shifts revenue toward persistent, repeatable delivery rather than one-off sales. This structural customer need increases stickiness, predictable revenue potential, and the ability to monetize tiered subscriptions and analytics over multiple years.

Completed $90M public offering

The $90M equity raise materially improves liquidity and extends runway, enabling continued satellite builds and mission operations. Strengthened financing capacity reduces near-term refinancing risk and supports execution of growth projects essential to scaling observation coverage.

Negative Factors

Negative operating cash flow

Sustained negative operating cash flow means core operations do not self-fund growth or capital cycles. Over months this forces reliance on external financing or equity raises, increasing dilution risk and constraining investment in constellation expansion and service development.

Weak balance sheet, negative equity

Negative equity and high leverage materially weaken financial flexibility: they can restrict access to debt markets, raise borrowing costs, and heighten solvency concerns. Structurally, this limits the company's ability to fund large capital cycles required for satellite deployment without recurring external capital.

Ongoing operating losses

Persistent negative EBIT and EBITDA margins indicate operations have not achieved break-even despite modest revenue growth. Without sustained improvement in operating leverage or higher-margin product mix, the company will remain dependent on external financing and unable to generate durable free cash flow.

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

Satellogic faces significant financial challenges. Despite some revenue growth, the company struggles with profitability and cash flow management. High leverage and negative equity pose risks to financial stability.

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: Positive
• Last Price: 3.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SATL, the sentiment is Positive. The current price of 3.61 is above the 20-day moving average (MA) of 2.20, above the 50-day MA of 1.87, and above the 200-day MA of 3.14, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 79.03 is Negative, neither overbought nor oversold. The STOCH value of 94.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	55 Neutral	$657.48M	-31.24	-37.93%	―	36.85%	-77.93%
MLAB	51 Neutral	$448.36M	-266.20	-0.92%	0.79%	7.39%	99.34%
BKSY	49 Neutral	$918.53M	-8.51	-88.03%	―	-5.13%	-37.34%
SATL	48 Neutral	$407.76M	-2.83	―	―	―	―
OUST	45 Neutral	$1.67B	-16.58	-42.03%	―	30.20%	35.80%
MVIS	44 Neutral	$281.48M	-2.65	-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.

Satellogic Completes $90 Million Public Offering

On October 15, 2025, Satellogic Inc. entered into an Underwriting Agreement with Cantor Fitzgerald & Co. for a public offering of 27,692,308 shares of Class A common stock at $3.25 per share. The offering, which closed on October 17, 2025, is expected to generate approximately $90 million in gross proceeds for the company, enhancing its financial position and market operations.

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.