Quarterly ResultMay 11, 2026, 05:17 PM
Satellogic Q1 Revenue +80% to $6.1M; Operating Loss Improves 33%
AI Summary
Satellogic Inc. reported strong first-quarter 2026 financial results, 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, and both operating loss and Adjusted EBITDA loss improved significantly. Operationally, Satellogic secured new defense contracts totaling $30 million, launched new satellite systems and products, and strengthened its balance sheet with $121.9 million in cash.
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, a $4.9 million improvement.
- Ended Q1 2026 with $121.9 million in cash and cash equivalents.
- Signed a $12 million agreement for an in-orbit NewSat satellite to a sovereign defense customer.
- Signed an $18 million agreement with CEiiA for two NewSat Mark V satellites.
- Remaining performance obligations totaled $64.8 million as of March 31, 2026.
Price Impact
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