Satellogic, Inc. (SATL)
NASDAQIndustrialsAerospace & DefenseSnapshot 2026-09-04
$4.64+0.22%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsAerospace & DefenseSnapshot 2026-09-04
QuarterlyIQ Insights · SATL
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to grow revenue substantially through expanding Data & Analytics and Space Systems businesses.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $6.1 million in 2026-Q1 to $15.9 million in 2026-Q2, a 259% year-over-year increase in Q2 and 80% in Q1, driven by growth in Data & Analytics and Space Systems. The trajectory is delivering significant revenue growth as management emphasized.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=6963).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Revenue grew 259% year-over-year to $15.9 million in the quarter.”
“Revenue increased 80% year-over-year to $6.1 million.”
Drive operating leverage to reach positive operating income and Adjusted EBITDA as a milestone of financial evolution.
Stated as a priority in 2 of last 2 quarters. Operating income improved from a loss of $6.3 million in 2025-Q2 to a positive $0.3 million in 2026-Q2. Adjusted EBITDA improved from a loss of $3.9 million to positive $2.8 million in the same period. Management is delivering on achieving positive operating income and Adjusted EBITDA.
“Positive operating income of $0.3 million and positive Adjusted EBITDA of $2.8 million.”
“Operating loss improved 33% year-over-year; Adjusted EBITDA loss improved 32%.”
Develop and deploy the Merlin constellation, an AI-first satellite system for global daily remapping at 1-meter resolution.
Stated as a priority in 2 of last 2 quarters. Management reports Merlin constellation is fully funded and on track for first launch in Q4 2026 with full operational capability expected in H1 2027. The trajectory is delivering as planned with no incremental capital required.
“Merlin constellation on track for first launch in Q4 2026 and full operational capability in first half of 2027.”
“Introduced Merlin constellation, fully funded AI-first satellite system designed to remap entire planet daily at 1-meter resolution.”
Grow contracts with sovereign and international defense customers for satellite deliveries and persistent monitoring.
Stated as a priority in 2 of last 2 quarters. Management signed an $18 million agreement with an international defense customer and a $12 million agreement with a sovereign defense customer in Q2 and Q1 2026 respectively. These contract expansions demonstrate delivery on sovereign and defense customer growth.
“Expanded international defense engagements including $18 million and $12 million agreements with defense customers.”
“Signed $12 million agreement to deliver in-orbit NewSat satellite to sovereign defense customer.”
Enhance board capabilities by appointing experienced defense and aerospace leaders to support growth and government partnerships.
Newly stated in 2026-Q2. Management appointed retired Lieutenant General Michael E. Williamson as an independent director in June 2026 to strengthen defense expertise on the board. This is a recent development with no prior quarters stating this priority.
Over the trailing year it converted 0.15x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
11 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=3431).
Not investment advice. As of 2026-09-04.