Quarterly ResultAug 6, 2026, 09:08 AM
Satellogic Q2 Revenue $15.9M, Operating Income $0.3M
AI Summary
Satellogic Inc. reported a significant increase in total revenue for the second quarter of 2026, reaching $15.9 million, a 258% rise year-over-year, driven by new product revenue of $8.3 million. The company also achieved an operating income of $0.3 million, a substantial improvement from an operating loss in the prior year period. However, net loss widened to $(20.0) million, primarily due to a negative change in the fair value of financial instruments. Additionally, $78.5 million in Secured Convertible Notes were converted to common stock.
Key Highlights
- Total revenue for Q2 2026 increased 258% to $15.9 million from $4.4 million in Q2 2025.
- Product revenue for Q2 2026 was $8.3 million, up from $0 in Q2 2025.
- Operating income for Q2 2026 was $0.3 million, compared to an operating loss of $(6.3) million in Q2 2025.
- Net loss for Q2 2026 widened to $(20.0) million from $(6.7) million in Q2 2025.
- Basic net loss per share for Q2 2026 was $(0.13), compared to $(0.06) in Q2 2025.
- Cash and cash equivalents stood at $112.8 million as of June 30, 2026.
- Secured Convertible Notes totaling $78.5 million were converted to common stock during the six months ended June 30, 2026.
Price Impact
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