Quarterly ResultMay 11, 2026, 05:03 PM
Satellogic Q1 Revenue +80% to $6.1M; First Positive Operating Cash Flow
AI Summary
Satellogic Inc. reported a strong Q1 2026, with revenue increasing 80% year-over-year to $6.1 million. The company achieved its first quarter of positive operating cash flow at $0.2 million, alongside significant improvements in operating loss and Adjusted EBITDA loss. Satellogic also secured a $12 million agreement for an in-orbit satellite delivery and launched new constellations and products, strengthening its position in the defense and intelligence markets. The quarter ended with a robust cash position of $121.9 million.
Key Highlights
- Q1 2026 Revenue increased 80% year-over-year to $6.1 million.
- Operating loss improved 33% year-over-year to $6.4 million.
- Adjusted EBITDA loss improved 32% year-over-year to $4.2 million.
- Generated $0.2 million in net cash from operating activities, marking the first positive quarter.
- Signed a $12 million agreement to deliver an in-orbit NewSat satellite to a sovereign defense customer.
- Asia and Asia Pacific revenue grew over 700% year-over-year to $3.0 million.
- Ended Q1 2026 with $121.9 million in cash and cash equivalents.
- Remaining performance obligations totaled $64.8 million as of March 31, 2026.