Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Satellogic Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0
4.25
6.01
10.1
12.9
17.7
Cost of revenue
0
1.88
3.28
5.06
5.02
4.88
Gross profit
0
2.37
2.73
5.02
7.85
12.8
Research and development
6.37
5.92
9.64
13.1
10.7
7.5
5
Selling, general and administrative
8
36.6
37.2
35
33
25.7
General and administrative
4.32
8.13
36.6
Operating income
-20.7
-22.4
-68.6
-90.9
-69.4
-52.2
-31
Interest expense
4.1
0.04
9.7
1.69
0
Other non-operating income
1.03
-27.9
58.8
17.5
-61.2
26.9
Pre-tax income
-20.7
-21.4
-96.5
-32.1
-51.9
-113
-4.11
Income tax
0.08
0.15
-0.23
4.57
9.08
2.86
0.67
Net income
-20.8
-21.5
-96.3
-36.6
-61
-116
-4.78
EBITDA
-19.4
-57.9
-76.5
-52.1
-39.6
-23.3
EPS, basic
-1.34
-5.78
-0.44
-0.68
-1.28
-0.04
EPS, diluted
-1.34
-5.78
-0.66
-0.68
-1.28
-0.18
Shares, basic (weighted)
16
16.7
83.2
89.5
91.2
109
Shares, diluted (weighted)
16
16.7
83.8
89.5
91.2
134
Balance sheet
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
24.6
17.3
8.53
76.5
23.5
22.5
94.4
Receivables
1.2
1.39
0.9
1.46
8.55
Inventory
0
2.09
Other current assets
0.71
0.84
0.24
0.56
1.06
Total current assets
18
12.4
81.2
26.6
27.9
115
Property, plant and equipment
34.9
32.5
48
41.1
27.2
24.7
Lease right-of-use assets
1.4
2.96
8.17
3.2
0.88
7.05
Other non-current assets
0.37
6.46
5.51
5.72
4.43
Total assets
54.6
49.9
144
76.4
61.7
151
Accounts payable
6.65
9.85
7.94
3.75
2.43
Accrued liabilities
23.4
6.42
4.37
11.6
1.92
Deferred revenue
0.94
1.94
3.73
5.87
10.6
Short-term debt
125
108
0
Total current liabilities
131
284
30.1
21.4
34.6
22.5
Long-term debt
108
Lease liabilities
0
1.04
2.08
6.06
1.79
0.52
6.1
Other non-current liabilities
2.55
0.52
0.53
0.52
2.06
Total liabilities
172
289
37.7
24.7
115
90.8
Total debt
20.6
125
108
Paid-in capital
96.5
338
344
356
473
Retained earnings
-181
-186
-223
-284
-400
-405
Treasury stock
-171
-8.6
-8.6
-8.6
-8.6
Other comprehensive income
-0.09
-0.31
-0.03
-0.57
0.53
Shareholders' equity
-5.45
-25.8
-261
106
51.7
-53
60.5
Total equity
-5.45
-117
-233
106
51.7
-53
60.5
Total liabilities and equity
54.6
49.9
144
76.4
61.7
151
Cash flow statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-20.8
-114
-118
-36.6
-61
-116
-4.78
Depreciation and amortization
3.03
10.7
14.3
17.3
12.7
7.74
Stock-based compensation
1.73
10.9
8.37
6.3
2.34
4.26
Deferred income tax
-0.04
-1.62
1.6
0
0
0
Change in receivables
-0.22
-4.69
-1.93
-0.39
-1.13
-6.02
Change in inventory
0
-0.72
Change in payables
6.47
1.42
-3.2
1.53
-2.36
-1.53
Cash from operations
-14.1
-11.2
-28.4
-68.5
-49.6
-35.9
-26.9
Capital expenditures
-8.3
-15.8
-11.2
-27.3
-14.9
-5.04
-7.38
Cash from investing
-8.3
-15.8
-11.2
-30.9
-14.4
-5.03
-7.38
Debt issued
27
17.3
7.51
0
0
Stock issued
0.8
0.79
0.14
0
9.6
1.76
Share buybacks
0
0
-8.6
0
Cash from financing
27
18.2
28.6
164
-0.08
37.5
113
Exchange rate effect
0.16
1.51
2.3
4.24
10.9
2.55
0.16
Net change in cash
4.65
-8.8
-11
65
-64.1
-3.47
78.3
Free cash flow
-22.4
-27
-39.7
-95.7
-64.5
-40.9
-34.3
Interest paid
27.3
49.3
3.52
0.03
1.6
3.32
Income taxes paid
0.06
0.1
0.76
1.67
2.8
0.33
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $6.17 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
78.9%
Gross profit / revenue.
Operating margin
-66.8%
Operating income / revenue.
EBITDA margin
-48.8%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-319.5%
Pre-tax income / revenue.
Net margin
-325.6%
Net income / revenue.
FCF margin
-132.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-82.4%
Cash from operations / revenue.
Return on equity (ROE)
-306.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-52.9%
Net income / average total assets.
R&D / revenue
16.6%
Research and development expense / revenue.
SG&A / revenue
91.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
16.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
49.7%
Capital expenditures / revenue.
D&A / revenue
18.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
37.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
43.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
63.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
67.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 3y
-17.1%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
145.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
1.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
22.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
47.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
17.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
52.9%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.34x
Current assets / current liabilities.
Quick ratio
2.05x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.89x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.69
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.21
Revenue / diluted weighted shares.
FCF per share
-$0.28
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.17
Cash from operations / diluted weighted shares.
Book value per share
$0.22
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
29.7x
Market cap / revenue.
P/B
28.0x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
28.0x
Market cap / tangible book value, when positive.
EV/Sales
26.2x
Enterprise value / revenue.
FCF yield
-4.4%
Free cash flow / market cap.
Earnings yield
-11.0%
Net income / market cap (the inverse of P/E).
What was Satellogic Inc.'s revenue in fiscal 2025?
Satellogic Inc. reported revenue of $17.7M for fiscal 2025, 37.6% higher than the year before.
Was Satellogic Inc. profitable in fiscal 2025?
No. It reported a net loss of $4.8M.
How much free cash flow did Satellogic Inc. generate in fiscal 2025?
Cash from operations of $26.9M minus capital expenditures of $7.4M left free cash flow of -$34.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.