Quarterly ResultAug 5, 2026, 04:09 PM
Satellogic Q2 Revenue +259% to $15.9M; First Positive Operating Income
AI Summary
Satellogic Inc. reported strong financial results for Q2 2026, with revenue increasing 259% year-over-year to $15.9 million. The company achieved its first quarter of positive GAAP operating income of $0.3 million and positive Adjusted EBITDA of $2.8 million, demonstrating operational leverage. Despite a GAAP net loss of $20.0 million, this was largely attributed to a non-cash fair value adjustment of financial instruments. Satellogic also strengthened its capital structure by converting $12.0 million of debt and ended the quarter with $112.8 million in cash, while advancing key strategic initiatives and satellite deliveries.
Key Highlights
- Total revenue increased 259% year-over-year to $15.9 million in Q2 2026.
- Achieved first quarter of positive GAAP operating income of $0.3 million.
- Generated positive Adjusted EBITDA of $2.8 million, a $6.7 million improvement YoY.
- Reported a GAAP net loss of $20.0 million, primarily due to a $19.7 million non-cash fair value charge.
- Ended the quarter with $112.8 million in cash and cash equivalents.
- Remaining performance obligations totaled $80.7 million as of June 30, 2026.
- Converted $12.0 million of Secured Convertible Note principal into 10.0 million shares.
- Merlin constellation remains on track for first launch in Q4 2026 and full operational capability in H1 2027.
Price Impact
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