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Satellogic (SATL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Satellogic (SATL) reported revenue of $6.1M for the first quarter 2026 (Q1 2026), +80% from a year earlier and -2% from the quarter before. Operating margin was -104.2%.
Satellogic, Q1 2026: revenue $6.1M (+80% year over year), operating margin -104.2%, net loss $118M, operating cash flow $158K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1M | -2% | +80% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$118M | -488% | — |
| Operating cash flow | $158K | — | — |
What changed
Revenue was $6.1M in Q1 2026, up 80% year over year and down 2% from the previous quarter. Data & Analytics including CaaS was the largest line at 76% of revenue. Data & Analytics including CaaS added $1.6M year over year (up 54%), 60% of the total change.
Operating costs exceeded revenue by $6.4M, an operating margin of -104.2%. Total costs fell 3% while revenue rose 80%. The fastest-growing cost line was Cost of revenue (+17%). The quarter ended with a net loss of $118.3M, after a profit of $30.5M the previous quarter. Net interest and other expense of $111.9M was the main reason.
Operating cash flow was $158K. Non-cash charges added back $1.4M of depreciation and $735K of share-based compensation. Working capital and other items added $116.3M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Satellogic's revenue in the first quarter 2026?
Satellogic (SATL) reported revenue of $6.1M for the first quarter 2026 (Q1 2026), +80% from a year earlier and -2% from the quarter before.
Was Satellogic profitable in the first quarter 2026?
Operating loss was $6.4M (-104.2% of revenue) and net loss $118M.
Source: Satellogic 10-Q on SEC EDGAR.