Satellogic (NASDAQ:SATL) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Posted by Brian Himes on Aug 7th, 2026

Satellogic (NASDAQ:SATL – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.10), FiscalAI reports. Satellogic had a negative net margin of 325.65% and a negative return on equity of 124.86%. The firm had revenue of $15.92 million during the quarter, compared to analyst estimates of $9.57 million.

Here are the key takeaways from Satellogic’s conference call:

Q2 revenue rose 259% year over year to $15.9 million, while the company posted its first positive operating income of just over $300,000 and positive adjusted EBITDA of $2.8 million. Management attributed the improvement to significant operating leverage, with operating expenses up 46% versus the much faster revenue growth.
Contracted, non-cancellable remaining performance obligations increased to $80.7 million, including $45.8 million expected to be recognized over the next 12 months. Management cited sovereign and defense wins, including an $18 million-plus Aleph Observer deployment and an $80 million Portugal program, as evidence of strong demand.
Data and analytics revenue grew 54% sequentially to $7.1 million as customers moved from one-off imagery purchases toward recurring persistent-monitoring subscriptions. The company said Aleph Observer pilots are converting faster than expected in some cases, although it is not yet disclosing subscription metrics such as ARPU or recurring revenue.
The first Merlin satellite has completed environmental and functional testing and is ready to ship for a planned October 2026 launch; additional launches are expected in the first half of 2027, with full service targeted for the second half of 2027. Satellogic ended the quarter with $112.8 million in cash and reduced secured convertible debt to $18 million.
CFO Rick Dunn will leave on August 21, with the corporate controller serving as interim CFO if a permanent successor is not appointed by then. Management also could not confirm a follow-on Palantir contract, though it expressed hope that future data sales would be cash-generating rather than structured as barter transactions.

Satellogic Price Performance

Shares of NASDAQ:SATL traded up $0.50 during midday trading on Friday, hitting $5.54. The company’s stock had a trading volume of 5,958,945 shares, compared to its average volume of 9,624,463. The company has a market cap of $820.66 million, a P/E ratio of -6.72 and a beta of 1.31. Satellogic has a 12-month low of $1.25 and a 12-month high of $12.00. The business’s 50 day simple moving average is $5.33 and its 200 day simple moving average is $5.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.41 and a current ratio of 2.44.

Insider Activity at Satellogic

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the transaction, the director directly owned 10,000,000 shares in the company, valued at $97,700,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the sale, the chief technology officer directly owned 47,785 shares of the company’s stock, valued at $399,004.75. This trade represents a 64.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 38.84% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Satellogic by 1,671.4% during the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock worth $3,166,000 after purchasing an additional 825,121 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Satellogic in the second quarter valued at approximately $118,000. Legal & General Group Plc purchased a new stake in Satellogic during the 2nd quarter worth approximately $27,000. Rhumbline Advisers acquired a new stake in Satellogic during the 2nd quarter worth approximately $351,000. Finally, New York State Common Retirement Fund purchased a new position in Satellogic in the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SATL shares. Northland Securities set a $11.00 price objective on shares of Satellogic in a report on Thursday, May 28th. Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Citigroup restated an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Weiss Ratings raised Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Finally, Freedom Capital upgraded Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $8.90.

Check Out Our Latest Stock Analysis on SATL

Satellogic Company Profile

(Get Free Report)

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.