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Satellogic (SATL) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Satellogic (SATL) Q2 2026 earnings results →
Q2 2026 Revenue up 258% year over year to $15.9M · 126¢ of every $1 of revenue lost · operating margin 1.7%
Satellogic made $15.9M in Q2 2026 (+258% Y/Y): Product $8.3M, Service $7.6M. Operating margin 1.7%, net loss $20.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
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What changed this quarter
Revenue was $15.9M in Q2 2026, up 259% year over year and up 161% from the previous quarter. Product was the largest line at 52% of revenue. Service added $3.1M year over year (up 71%), 27% of the total change.
Operating profit was $266K, a 1.7% margin (up 143.2 points year over year). Total costs grew 46% against revenue growth of 259%. The fastest-growing cost line was Cost of revenue (+137%). The quarter ended with a net loss of $20.0M, narrower than the previous quarter's $118.3M loss. Net interest and other expense of $18.4M was the main reason.
Operating cash flow was −$8.6M. Non-cash charges added back $1.1M of depreciation and $1.4M of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $5.6M exceeded it, leaving free cash flow of −$14.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $15.9M | +258% | 1.7% | −$20.0M | −$8.6M |
| Q1 2026 | 10-Q | May 12, 2026 | $6.1M | +80% | -104.2% | −$118M | $158K |
| Q4 2025 | 10-K | Mar 19, 2026 | $6.2M | +94% | -114.2% | $30.5M | −$9.5M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $3.6M | +29% | -222.5% | $4.0M | −$8.4M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $4.4M | +27% | -141.6% | −$6.7M | −$4.3M |
| Q1 2025 | 10-Q | May 13, 2025 | $3.4M | +2% | -280.9% | −$32.6M | −$4.7M |
| Q4 2024 | 10-K | Mar 26, 2025 | $3.2M | — | -354.7% | −$70.9M | −$3.6M |
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About Satellogic
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.
In its own words, from its 10-K, filed Mar 19, 2026.
Satellogic against its Radio & Tv Broadcasting & Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +258% against the peers' median +12%. Operating margin: 1.7% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SATL Satellogic | Q2 2026 | $15.9M | +258% | 1.7% |
| QCOM Qualcomm | Q4 FY26 | $10.3B | -8% | 13.1% |
| MSI Motorola Solutions | Q3 2026 | $3.4B | +12% | 23.0% |
| UI Ubiquiti | Q1 FY27 | $1.0B | +40% | 38.1% |
| VISN Vistance Networks | Q3 2026 | $320M | -38% | 7.2% |
| HLIT Harmonic | Q3 2026 | $149M | +64% | 17.6% |
| AVNW Aviat Networks | Q4 FY26 | $121M | +5% | 4.8% |
| PL Planet Labs PBC | Q2 FY27 | $116M | +58% | -11.6% |
| CMTL Comtech Telecommunications | Q3 FY26 | $106M | -16% | -2.9% |
Source: Satellogic 10-Q on SEC EDGAR · CIK 1874315 · Radio & Tv Broadcasting & Communications Equipment
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results