SATL on Nasdaq
Satellogic Inc.
Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change,.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerSATL on Nasdaq1
- IndustryRadio & Tv Broadcasting & Communications Equipment1
- HeadquartersDavidson, North Carolina1
- Incorporated inVirgin Islands, British3
- Business address210 Delburg Street, Davidson, Nc 280363
- Filer category, Emerging growth company3
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Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic seeks to unlock the power of EO to deliver high-quality, planetary insights at unparalleled value. With more than a decade of experience in space and over 150 years of flight heritage, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point. We believe our unmatched capacity and scale, our cost leadership and technical superiority, and our non-ITAR (International Traffic in Arms Regulations) design provides us with key competitive advantages.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Data & Analytics including CaaS brought in 90% of the revenue Satellogic Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Data & Analytics including CaaS | $11.1M | $16.0M |
| Space Systems | $1.8M | $1.7M |
Regions
North America brought in 68% of the revenue Satellogic Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| North America | $7.9M | $12.1M |
| Europe | $2.6M | $2.8M |
| Asia And Asia Pacific | $2.3M | $2.5M |
| South America | $13.0K | $359.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development16¢$5.0M
- Selling, general and admin82¢$25.7M
- Income tax2¢$673.0K
Out of $17.7M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $17.7M | $12.9M |
| Cost of sales, exclusive of depreciation shown separately below | $4.9M | $5.0M |
| Engineering | $10.4M | $14.4M |
| Selling, general and administrative | $25.7M | $33.0M |
| Depreciation expense | $7.7M | $12.7M |
| Total costs and expenses | $48.7M | $65.1M |
| Operating loss | -$31.0M | -$52.2M |
| Interest income, net | $1.6M | $970.0K |
| Change in fair value of financial instruments | $25.9M | -$60.1M |
| Other income (expense), net | -$541.0K | -$2.1M |
| Total other income (expense), net | $26.9M | -$61.2M |
| Loss before income tax | -$4.1M | -$113.4M |
| Income tax expense | -$673.0K | -$2.9M |
| Net loss available to stockholders | -$4.8M | -$116.3M |
| Foreign currency translation gain (loss), net of tax | $1.1M | -$538.0K |
| Comprehensive loss | -$3.7M | -$116.8M |
| Basic net loss per share for the period attributable to holders of Common Stock (in dollars per share) | -$0.04 | -$1.28 |
| Basic weighted-average Common Stock outstanding (in shares) | 109.1M shares | 91.2M shares |
| Diluted net loss per share for the period attributable to holders of Common Stock (in dollars per share) | -$0.18 | -$1.28 |
| Diluted weighted-average Common Stock outstanding (in shares) | 134.1M shares | 91.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $94.4M | $22.5M | |
| Restricted cash | $7.4M | $0 | |
| Accounts receivable, net of allowance of $52 and $148, respectively | $8.5M | $1.5M | |
| Inventories | $2.1M | $0 | |
| Prepaid expenses and other current assets | $2.7M | $3.9M | |
| Total current assets | $115.2M | $27.9M | |
| Property and equipment, net | $24.6M | $27.2M | |
| Operating lease right-of-use assets | $7.0M | $877.0K | |
| Other non-current assets | $4.4M | $5.7M | |
| Total assets | $151.3M | $61.7M | |
| Accounts payable | $2.4M | $3.8M | |
| Warrant liabilities | $5.8M | $11.5M | |
| Earnout liabilities | $554.0K | $1.5M | |
| Operating lease liabilities | $1.2M | $363.0K | |
| Contract liabilities | $10.6M | $5.9M | |
| Accrued expenses and other liabilities | $1.9M | $11.6M | |
| Total current liabilities | $22.5M | $34.6M | |
| Secured Convertible Notes at fair value | $56.1M | $79.1M | |
| Operating lease liabilities | $6.1M | $516.0K | |
| Contract liabilities | $4.0M | $0 | |
| Other non-current liabilities | $2.1M | $516.0K | |
| Total liabilities | $90.8M | $114.7M | |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Treasury stock, at cost, $567,823 shares as of December 31, 2025 and 2024 | -$8.6M | -$8.6M | |
| Additional paid-in capital | $473.5M | $356.2M | |
| Accumulated other comprehensive income (loss) | $531.0K | -$571.0K | |
| Accumulated deficit | -$404.9M | -$400.1M | |
| Total stockholders equity (deficit) | $60.5M | -$53.0M | $51.7M |
| Total liabilities and stockholders' equity | $151.3M | $61.7M | |
| Accounts receivable, allowance | $52.0K | $148.0K | $126.0K |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preference shares issued (in shares) | 0 shares | 0 shares | |
| Preference shares outstanding (in shares) | 0 shares | ||
| Treasury stock (in shares) | 567.8K shares | 567.8K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $94.4M | $22.5M | |
| Restricted cash | $7.4M | $0 | |
| Accounts receivable, net of allowance of $52 and $148, respectively | $8.5M | $1.5M | |
| Inventories | $2.1M | $0 | |
| Prepaid expenses and other current assets | $2.7M | $3.9M | |
| Total current assets | $115.2M | $27.9M | |
| Property and equipment, net | $24.6M | $27.2M | |
| Operating lease right-of-use assets | $7.0M | $877.0K | |
| Other non-current assets | $4.4M | $5.7M | |
| Total assets | $151.3M | $61.7M | |
| Accounts payable | $2.4M | $3.8M | |
| Warrant liabilities | $5.8M | $11.5M | |
| Earnout liabilities | $554.0K | $1.5M | |
| Operating lease liabilities | $1.2M | $363.0K | |
| Contract liabilities | $10.6M | $5.9M | |
| Accrued expenses and other liabilities | $1.9M | $11.6M | |
| Total current liabilities | $22.5M | $34.6M | |
| Secured Convertible Notes at fair value | $56.1M | $79.1M | |
| Operating lease liabilities | $6.1M | $516.0K | |
| Contract liabilities | $4.0M | $0 | |
| Other non-current liabilities | $2.1M | $516.0K | |
| Total liabilities | $90.8M | $114.7M | |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Treasury stock, at cost, $567,823 shares as of December 31, 2025 and 2024 | -$8.6M | -$8.6M | |
| Additional paid-in capital | $473.5M | $356.2M | |
| Accumulated other comprehensive income (loss) | $531.0K | -$571.0K | |
| Accumulated deficit | -$404.9M | -$400.1M | |
| Total stockholders equity (deficit) | $60.5M | -$53.0M | $51.7M |
| Total liabilities and stockholders' equity | $151.3M | $61.7M | |
| Accounts receivable, allowance | $52.0K | $148.0K | $126.0K |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preference shares issued (in shares) | 0 shares | 0 shares | |
| Preference shares outstanding (in shares) | 0 shares | ||
| Treasury stock (in shares) | 567.8K shares | 567.8K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$4.8M | -$116.3M |
| Depreciation expense | $7.7M | $12.7M |
| Debt issuance costs | $0 | $2.4M |
| Operating lease expense | $1.9M | $1.5M |
| Stock-based compensation | $4.3M | $2.3M |
| Change in fair value of financial instruments, net of interest paid on Secured Convertible Notes | -$29.2M | $58.5M |
| Foreign exchange differences | -$105.0K | -$2.9M |
| Loss on disposal of property and equipment | $691.0K | $4.4M |
| (Release) expense for estimated credit losses on accounts receivable | -$38.0K | $22.0K |
| Equity in net (income) loss of affiliate | -$8.0K | $0 |
| Non-cash change in contract liabilities | -$357.0K | -$1.3M |
| Other, net | $296.0K | $234.0K |
| Accounts receivable | -$6.0M | -$1.1M |
| Inventories | -$723.0K | $0 |
| Prepaid expenses and other current assets | $1.9M | -$1.7M |
| Accounts payable | -$1.5M | -$2.4M |
| Contract liabilities | $9.0M | $2.5M |
| Accrued expenses and other liabilities | -$8.2M | $7.2M |
| Operating lease liabilities | -$1.7M | -$2.0M |
| Net cash used in operating activities | -$26.9M | -$35.9M |
| Purchases of property and equipment | -$7.4M | -$5.0M |
| Other | $0 | $6.0K |
| Net cash used in investing activities | -$7.4M | -$5.0M |
| Proceeds from Secured Convertible Notes | $0 | $30.0M |
| Payments of debt issuance costs | $0 | -$2.4M |
| Payments for withholding taxes related to the net share settlement of equity awards | -$1.2M | -$660.0K |
| Proceeds from exercise of Public Warrants | $0 | $1.0K |
| Proceeds from exercise of stock options | $1.8M | $911.0K |
| Net cash provided by financing activities | $112.5M | $37.5M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $78.3M | -$3.5M |
| Effect of foreign exchange rate changes | $159.0K | $2.5M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Satellogic Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerEmiliano Kargieman Apr 4, 2025 to now13
- PresidentFrank Dixon Whitworth Iii. Sep 10, 2026 to now14
- PresidentMatthew Tirman Apr 4, 2025 to Sep 10, 202615
- Chief financial officerDustin Yoshio Greer Aug 31, 2026 to now16
Board members and other officers (9)
- Chief Technology OfficerAlan Kharsansky Apr 22, 2026 to now17
- Board memberEmiliano Kargieman Apr 4, 2025 to now13
- Board memberJoseph F. Dunford, Jr. Apr 4, 2025 to now18
- Board memberKelly J. Kennedy Apr 4, 2025 to now19
- Board memberMarcos Galperin Apr 4, 2025 to now20
- Board memberMiguel Gutierrez Apr 4, 2025 to now21
- Board memberPeter Thomas Killalea Apr 4, 2025 to now22
- Board memberSteven T. Mnuchin Apr 4, 2025 to now23
- Board memberTheodore Glass Wang Apr 4, 2025 to now24
Timeline
- Apr 4, 2025New chief executive Emiliano Kargieman becomes CEO13
Filings
323 filings to the SEC since October 2021: 8 annual reports, 6 quarterly reports, 22 major events, 79 insider forms, 28 large holders, 180 other. The latest 20:
- Oct 9, 20268-K/A EDGAR
- Sep 22, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 10, 20263 EDGAR
- Sep 8, 20268-K EDGAR
- Aug 31, 20263 EDGAR
- Aug 27, 20268-K EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 30, 2026SCHEDULE 13G EDGAR
- Jul 28, 20268-K EDGAR
- Jul 22, 20264 EDGAR
- Jul 22, 20264 EDGAR
- Jul 21, 20263/A EDGAR
- Jul 21, 20264/A EDGAR
- Jul 21, 20264/A EDGAR
- Jul 21, 20264/A EDGAR
- Jul 21, 20264/A EDGAR
The 323 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
35 open-market trades by officers, directors and large owners since October 2021: 3 buys and 32 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 26, 2026 | Liberty Capital L.L.C.Director | Sale | 10,000,000 | $9.77 | $97.7M | Form 4 |
| May 14, 2026 | Kharsansky AlanChief Technology Officer | Sale | 87,091 | $8.35 | $727.2K | Form 4 |
| Mar 30, 2026 | Tirman MatthewPresident | Sale | 9,499 | $5.18 | $49.2K | Form 4 |
| Mar 30, 2026 | Dunn RickChief Financial Officer | Buy | 19,050 | $5.17 | $98.5K | Form 4 |
| Mar 27, 2026 | Dunn RickChief Financial Officer | Buy | 16,695 | $5.91 | $98.7K | Form 4 |
| Mar 23, 2026 | CFAC Holdings V, LLC | Sale | 500,000 | $5.01 | $2.5M | Form 4 |
| Jan 30, 2026 | Lutnick Brandon | Sale | 5,575 | $5.55 | $30.9K | Form 4 |
| Jan 29, 2026 | Lutnick Brandon | Sale | 388,827 | $5.63 | $2.2M | Form 4 |
| Jan 28, 2026 | Lutnick Brandon | Sale | 129,971 | $5.56 | $722.6K | Form 4 |
| Dec 9, 2025 | CFAC Holdings V, LLC | Buy | 10,000 | $1.88 | $18.8K | Form 4 |
| Dec 9, 2025 | CFAC Holdings V, LLC | Sale | 10,000 | $1.87 | $18.7K | Form 4 |
| Oct 15, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 283,121 | $4.08 | $1.2M | Form 4 |
| Oct 14, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 11,040 | $4.00 | $44.2K | Form 4 |
| Oct 10, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 1,836 | $4.03 | $7.4K | Form 4 |
| Oct 9, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 314,767 | $4.09 | $1.3M | Form 4 |
| Oct 8, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 85,700 | $4.03 | $345.4K | Form 4 |
| Oct 6, 2025 | LUTNICK HOWARD W10% owner | Sale | 13,380,873 | Form 4 | ||
| Sep 24, 2025 | Dunn RickChief Financial Officer | Sale | 22,692 | $3.80 | $86.2K | Form 4 |
| Sep 23, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 130 | $4.00 | $520 | Form 4 |
| Sep 16, 2025 | Kargieman EmilianoChief Executive Officer | Sale | 17,380 | $3.75 | $65.2K | Form 4 |
All 35 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- State Street CorporationSCHEDULE 13G, 1 filing Aug 7, 202625
- BlackRockSCHEDULE 13G, 1 filing Jul 30, 202626
- Liberty 77 Capital L.P.SCHEDULE 13D/A, 3 filings Feb 22, 2022 to May 28, 202627
- CFAC Holdings V, LLCSCHEDULE 13D/A, 5 filings Oct 6, 2025 to May 19, 202628
- Alyeska Investment Group, L.P.SCHEDULE 13G/A, 2 filings Feb 17, 2026 to May 15, 202629
- Pitanga Invest Ltd.SCHEDULE 13G/A, 2 filings Oct 3, 2023 to May 11, 202630
- CantorSCHEDULE 13D/A, 1 filing Mar 26, 202631
- DAVIDSON KEMPNER CAPITAL MANAGEMENT LPSCHEDULE 13G, 1 filing Jan 30, 202632
- Howard W. LutnickSCHEDULE 13D/A, 1 filing Oct 6, 202533
- Hannover Holdings S.A.SCHEDULE 13D/A, 5 filings Feb 2, 2023 to Aug 13, 202534
- CANTOR FITZGERALD, L. P.SC 13D/A, 4 filings Feb 4, 2022 to Nov 27, 202435
- Emiliano KargiemanSC 13D/A, 2 filings Feb 4, 2022 to May 18, 202236
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Liberty 77 Capital L.P. | 10,000,000 | $57.2M | 3.3% | −10,000,000 |
| Cantor Fitzgerald, L. P. | 9,966,226 | $57.0M | 0.6% | −836,583 |
| State Street Corp | 7,601,003 | $43.5M | 0.0% | +5,860,497 |
| BlackRock, Inc. | 7,343,030 | $42.0M | 0.0% | +1,420,216 |
| D. E. Shaw & Co., Inc. | 6,511,301 | $37.2M | 0.0% | +4,818,464 |
| Renaissance Technologies LLC | 5,928,908 | $33.9M | 0.0% | +4,740,800 |
| Vanguard Capital Management LLC | 4,282,956 | $24.5M | 0.0% | +624,619 |
| Van Eck Associates Corp | 4,252,222 | $24.3M | 0.0% | New |
| Millennium Management LLC | 4,165,963 | $23.8M | 0.0% | +1,479,180 |
| Two Sigma Investments, LP | 3,688,871 | $21.1M | 0.0% | +3,094,247 |
| Jane Street Group, LLC | 3,008,874 | $17.2M | 0.0% | +1,330,335 |
| UBS Group AG | 2,709,452 | $15.5M | 0.0% | +1,599,333 |
| Aqr Capital Management LLC | 2,519,549 | $14.4M | 0.0% | +1,243,745 |
| Alyeska Investment Group, L.P. | 2,500,860 | $14.3M | 0.0% | New |
| Softbank Group Corp. | 2,427,549 | $13.9M | 0.1% | −155,096 |
| Geode Capital Management, LLC | 2,180,058 | $12.5M | 0.0% | +251,844 |
| Tidal Investments LLC | 2,030,328 | $11.6M | 0.0% | New |
| Tema ETFs LLC | 1,510,426 | $8.6M | 0.3% | New |
| Nuveen, LLC | 1,509,288 | $8.6M | 0.0% | −1,317,871 |
| Vanguard Portfolio Management LLC | 1,485,605 | $8.5M | 0.0% | +197,488 |
| Archon Capital Management LLC | 1,449,687 | $8.3M | 3.4% | −198,000 |
| Palisades Investment Partners, LLC | 1,351,004 | $7.7M | 2.2% | New |
| Goldman Sachs Group Inc | 1,321,278 | $7.6M | 0.0% | +828,463 |
| Canada Pension Plan Investment Board | 1,167,500 | $6.7M | 0.0% | New |
| Voloridge Investment Management, LLC | 846,043 | $4.8M | 0.0% | +12,318 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARSatellogic Inc. filings on SEC EDGAR
- 2SEC EDGARSatellogic Inc. 10-K for fiscal 2025
- 3SEC EDGARSatellogic Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARSatellogic Inc. 10-K for fiscal 2020
- 6SEC EDGARSatellogic Inc. 10-K for fiscal 2021
- 7SEC EDGARSatellogic Inc. 10-K for fiscal 2023
- 8SEC EDGARSatellogic Inc. 10-K for fiscal 2019
- 9SEC EDGARSatellogic Inc. 10-Q for fiscal 2025
- 10SEC EDGARSatellogic Inc. 10-Q for fiscal 2025
- 11SEC EDGARSatellogic Inc. 10-Q for fiscal 2026
- 12SEC EDGARSatellogic Inc. 10-Q for fiscal 2025
- 13
- 14
- 15SEC EDGARMatthew Tirman, President
- 16
- 17
- 18SEC EDGARJoseph F. Dunford, Jr., Board member
- 19SEC EDGARKelly J. Kennedy, Board member
- 20SEC EDGARMarcos Galperin, Board member
- 21SEC EDGARMiguel Gutierrez, Board member
- 22SEC EDGARPeter Thomas Killalea, Board member
- 23SEC EDGARSteven T. Mnuchin, Board member
- 24SEC EDGARTheodore Glass Wang, Board member
- 25
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