Filing Flows › Satellogic (SATL) › Q1 2025
Satellogic (SATL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Satellogic (SATL) reported revenue of $3.4M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +5% from the quarter before. Operating margin was -280.9%, net loss $32.6M (961.9% of revenue).
Satellogic, Q1 2025: revenue $3.4M (+2% year over year), operating margin -280.9%, net loss $32.6M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4M | +5% | +2% |
| Operating profit | −$9.5M | — | — |
| Net earnings | −$32.6M | — | — |
| Operating cash flow | −$4.7M | — | — |
What changed
Revenue was $3.4M in Q1 2025, up 2% year over year and up 5% from the previous quarter. Asset Monitoring was the largest line at 77% of revenue. Asset Monitoring added $410K year over year (up 19%), 695% of the total change. Space Systems declined 48%.
Operating costs exceeded revenue by $9.5M, an operating margin of -280.9%. Total costs fell 28% while revenue rose 2%. The quarter ended with a net loss of $32.6M, narrower than the previous quarter's $70.9M loss. Net interest and other expense of $22.4M was the main reason.
Operating cash flow was −$4.7M. Non-cash charges added back $2.7M of depreciation and $595K of share-based compensation. Working capital and other items added $24.6M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Satellogic's revenue in the first quarter 2025?
Satellogic (SATL) reported revenue of $3.4M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +5% from the quarter before.
Was Satellogic profitable in the first quarter 2025?
Operating loss was $9.5M (-280.9% of revenue) and net loss $32.6M.
Source: Satellogic 10-Q on SEC EDGAR.