Filing Flows › Satellogic (SATL) › Q3 2025
Satellogic (SATL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Satellogic (SATL) reported revenue of $3.6M for the third quarter 2025 (Q3 2025), +29% from a year earlier and -18% from the quarter before. Operating margin was -222.5%, net earnings $4.0M (109.2% of revenue).
Satellogic, Q3 2025: revenue $3.6M (+29% year over year), operating margin -222.5%, net earnings $4.0M, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -18% | +29% |
| Operating profit | −$8.1M | — | — |
| Net earnings | $4.0M | — | — |
| Operating cash flow | −$8.4M | — | — |
What changed
Revenue was $3.6M in Q3 2025, up 29% year over year and down 18% from the previous quarter. Asset Monitoring was the largest line at 75% of revenue. Asset Monitoring added $337K year over year (up 14%), 41% of the total change.
Operating costs exceeded revenue by $8.1M, an operating margin of -222.5%. Total costs fell 18% while revenue rose 29%. Net earnings were $4.0M. The effective tax rate was 2.9%. Non-operating items added $12.2M, 298% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.4M. Non-cash charges added back $1.5M of depreciation and $1.7M of share-based compensation. Working capital and other items used $15.5M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$9.7M.
Questions
What was Satellogic's revenue in the third quarter 2025?
Satellogic (SATL) reported revenue of $3.6M for the third quarter 2025 (Q3 2025), +29% from a year earlier and -18% from the quarter before.
Was Satellogic profitable in the third quarter 2025?
Operating loss was $8.1M (-222.5% of revenue) and net earnings $4.0M.
Source: Satellogic 10-Q on SEC EDGAR.