Satellogic Inc. (SATL) Stock Price & Analysis
Satellogic Inc. (SATL) closed at USD 3.74 on Thursday, October 29, 2026, down 1.84% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 3.81; the Oct 29, 2026 session ranged USD 3.71–3.93 on volume of 2,754,564 shares. Market capitalization is $574.99M, with a 52-week range of USD 1.26–12 (NCM). Source: Nexqual, retrieved October 29, 2026 at 20:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SATL.md
Key facts (SATL)
- Last four reported quarters (through Jun 30, 2026): revenue $31.9M, net income -$104M (-325.6% margin), free cash flow -$42.2M (SEC filings).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $98.4M; 2 not under a Rule 10b5-1 plan ($98.4M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 10.2 (range 9–11).
- Total return with dividends: 1Y +107.8% vs S&P 500 +14.4%; 5Y -62.4% vs S&P 500 +79.1%.
- Next earnings: 2026-11-10, EPS estimate USD -0.02, revenue estimate $12.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SATL)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $10.1M | $12.9M | $17.7M | $31.9M |
| Operating income | -$69.4M | -$52.2M | -$31.0M | -$21.3M |
| Net income | -$61.0M | -$116M | -$4.8M | -$104M |
| EPS (diluted) | -$0.68 | -$1.28 | -$0.18 | — |
| Free cash flow | -$64.5M | -$40.9M | -$34.3M | -$42.2M |
| Operating margin | -688.9% | -405.6% | -175.2% | -66.8% |
| Net margin | -605.7% | -903.4% | -27.0% | -325.6% |
| Revenue growth | — | +27.8% | +37.6% | — |
| Cash + short-term investments | $23.5M | $22.5M | $94.4M | — |
| Total debt | $0K | $79.1M | $56.1M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SATL)
P/S 18.0x · EV/Sales 17.3x · P/B 17.0x · FCF yield -7.33% · Earnings yield -18.07% · Net cash $23.1M · EV $552M
Insider sales (SEC Form 4, open-market, last ~7 months) (SATL)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-26 | Liberty 77 Capital L.P. | Director | 10,000,000 | $97.7M | 50% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Kharsansky Alan | Chief Technology Officer | 87,091 | $727K | 64.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SATL)
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 10.2 (low 9, high 11).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | Cantor Fitzgerald | Target lowered | Overweight | $10 → $9 |
Total return (dividends reinvested) (SATL)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +107.8% | -62.4% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | +108.3% | -17.7% |
| Volatility (annualized) | 119.7% | 107.5% |
| Max drawdown | -69.2% (May 2026→Jul 2026) | -94.0% (Jan 2022→Nov 2023) |
SATL earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.00 | −$0.02 | Beat +$0.02 | +12.2% |
| May 11, 2026 | Quarter ended Mar 31, 2026 | −$0.04 | −$0.05 | Beat +20.0% | -0.3% |
| Mar 19, 2026 | Quarter ended Dec 31, 2025 | $0.31 | −$0.05 | Beat +$0.36 | +21.3% |
| Oct 15, 2025 | Quarter ended Sep 30, 2025 | −$0.02 | — | — | -25.6% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
SATL recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 27, 2026 | Schedule 13G/A | BlackRock, Inc.: 6.3% of shares, passive 5%+ holder (amended) |
| Oct 9, 2026 | 8-K/A | Director or executive officer change, or pay arrangement “On October 8, 2026, the Compensation Committee of the Company's Board of Directors (the "Board") approved a one-time cash bonus of $150,000 for Mr. Greer in connection with his appointment as Interim CFO (the "Interim CFO Bonus"). The Interim CFO Bonus will be paid, less applicable taxes and withholdings, at the same time 2026 annual performance bonuses are paid to the Company's executive officers, and is subject to adjustment by the Board, in its discretion, in connection with its approval of 2026 executive…” |
| Sep 8, 2026 | 8-K | Director or executive officer change, or pay arrangement “On September 4, 2026, the Board of Directors (the "Board") of Satellogic Inc. (the "Company") approved the appointment of Frank Dixon Whitworth III ("Mr. Whitworth") as President of the Company, effective as of September 7, 2026. Mr. Whitworth, age 59, is a retired Vice Admiral of the U.S. Navy with more than 36 years of commissioned service. He most recently served as the eighth Director of the National Geospatial-Intelligence Agency (the "NGA") from June 2022 until his retirement from the U.S. Navy in December…” |
| Aug 27, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 21, 2026, Satellogic Inc. (the "Company") appointed Dustin Greer as Interim Chief Financial Officer ("Interim CFO"), effective immediately. Mr. Greer also serves as the Company's principal accounting officer. As previously disclosed in the Company's Current Report on Form 8-K filed on July 28, 2026, Mr. Greer, age 47, has served as the Company's Senior Vice President and Corporate Controller since 2022. Prior to joining the Company, Mr. Greer served as Senior Director, FP&A and Business Insights for…” |
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION: 5.5% of shares, passive 5%+ holder |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
| Jul 30, 2026 | Schedule 13G | BlackRock, Inc.: 5.2% of shares, passive 5%+ holder |
| Jul 28, 2026 | 8-K | Director or executive officer change, or pay arrangement “As previously disclosed by Satellogic Inc. (the "Company") in its Current Report on Form 8-K filed on June 8, 2026 (the "Prior 8-K"), Rick Dunn and the Company mutually agreed that Mr. Dunn would step down as the Company's Chief Financial Officer ("CFO") at the conclusion of a transition period pursuant to that certain Letter Agreement, dated June 8, 2026 (the "Letter Agreement"), which memorializes the terms of Mr. Dunn's departure from the Company. In accordance with the Letter Agreement, on July 22, 2026, Mr.…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
SATL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Information Services | $15.9M | 100.0% | +258.5% |
| Space Systems | $8.8M | 55.3% | +1720.5% |
| Product | $8.3M | 52.4% | — |
| Service | $7.6M | 47.6% | +70.8% |
| Data & Analytics including CaaS | $7.1M | 44.7% | +79.7% |
| Total revenue | $15.9M | 100% | — |
SATL revenue by region (quarter ended Mar 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Asia & Asia Pacific | $3.0M | 48.4% | +739.5% |
| Americas | $2.0M | 33.2% | -21.4% |
| Europe | $1.1M | 18.4% | +147.6% |
| Total revenue | $6.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SATL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | SpaceX | “In January 2021, we signed a Rideshare Multi-Launch Agreement with SpaceX (the "SpaceX Agreement"), our preferred rideshare launch provider, and we expect to continue our launch program with SpaceX as we engage with and consider alternative launch providers.” |
| Partner | Officina Stellare | “On May 6, 2022, we entered into an Investment Agreement with Officina Stellare S.p.A. ("OS"), a company engaged in the design and production of telescopes and opto-mechanical and aerospace instrumentation for ground and space-based applications, to purchase 5% of OS's outstanding common shares for $3.7 million.” |
| Partner | High Earth Orbit Robotics Pty | “On August 4, 2025, we entered into an expanded agreement with High Earth Orbit Robotics Pty Ltd. ("HEO"), the world's leading commercial provider of non-Earth imagery ("NEI") for in-orbit inspection.” |
Quoted from the company's 10-K filed Mar 19, 2026.
SATL company outlook (results filed Aug 5, 2026)
- “The first launch is on track for the fourth quarter of 2026 and full operational capability is expected in the first half of 2027.”
- “Remaining performance obligations as of June 30, 2026 totaled $80.7 million, with $45.8 million expected to be recognized as revenue within one year, $9.3 million in years one to two, $7.2 million in years two to three, and $18.4 million thereafter.”
- “Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.”
Quoted word-for-word from the SEC 8-K results press release.
SATL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.02 | $-0.02 | $0.00 | $12.4M | 5 |
| Next quarter (ends Dec 2026) | $-0.02 | $-0.03 | +$0.01 | $12.5M | 5 |
| Current fiscal year (ends Dec 2026) | $-0.06 | $-0.31 | +$0.26 | $47.0M | 3 |
| Next fiscal year (ends Dec 2027) | $-0.03 | $-0.10 | +$0.07 | $63.8M | 5 |
SATL options: expected move
Options price a move of about ±19.5% (±$0.73) by Nov 20, 2026, which includes earnings on Nov 10, 2026. Over the last 4 reports the stock moved ±14.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 91.6% | ±19.5% |
| Dec 18, 2026 | 50 | 118.2% | ±36.2% |
| Jan 15, 2027 | 78 | 98.7% | ±37.6% |
| Feb 19, 2027 | 113 | 91.7% | ±41.6% |
| May 21, 2027 | 204 | 128.7% | ±75.8% |
30-day implied volatility 97.9% vs 83.4% realized over the last 30 trading days. Put/call ratio (volume) 0.19. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 20:16 UTC)
| Price | USD 3.74 |
|---|---|
| Change | ▼ 1.84% (down) |
| Previous Close | USD 3.81 |
| Open | USD 3.75 |
| Day Range | USD 3.71 – 3.93 |
| 52-Week Range | USD 1.26 – 12 |
| Volume | 2,754,564 shares |
| Market Cap | $574.99M |
| Exchange | NCM |
Technical Analysis (SATL)
Nexqual's technical model rates SATL "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 20:16 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 39.4 (neutral) |
| vs SMA50 | Below (USD 4.9) |
| MACD | -0.39 (negative) |
Analyst Ratings (SATL)
Wall Street analysts rate SATL "Buy" based on 5 analysts, with a mean price target of USD 10.2 (range USD 9–11), per Nexqual as of October 29, 2026 at 20:16 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 10.2 |
| High Target | USD 11 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 5 / 0 / 0 |
Earnings (SATL)
| Next Earnings Date | 2026-11-10 |
|---|---|
| EPS Estimate | USD -0.02 |
| Revenue Estimate | $12.44M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0 vs est -0.02 ▲ beat |
| 2026-03-31 | USD -0.04 vs est -0.05 ▲ beat |
| 2025-12-31 | USD 0.31 vs est -0.05 ▲ beat |
Source: Nexqual, October 29, 2026 at 20:16 UTC.
Financials & Fundamentals (SATL)
| Total Revenue | $31.91M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +258.50% |
| Gross Margin | +78.93% |
| Operating Margin | +1.67% |
| Profit Margin | +0.00% |
| Debt / Equity | 2.85 |
| Current Ratio | 2.34 |
| Total Cash | $112.81M |
| Total Debt | $96.49M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$42.17M (-132.2% of revenue) |
Source: Nexqual, October 29, 2026 at 20:16 UTC.
Financial Health Score (SATL)
Nexqual rates Satellogic Inc.'s overall financial health "Weak" across five dimensions, as of October 29, 2026 at 20:16 UTC.
| Growth | Strong — Revenue +259% YoY (latest Q) |
|---|---|
| Profitability | Weak — Not yet profitable — scaling phase |
| Balance Sheet | Weak — $113M cash and investments vs $90M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$42M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -307%, ROA -52.9% (last 4 quarters, SEC) |
Ownership (SATL)
| Insider Ownership | +7.51% |
|---|---|
| Institutional Ownership | +78.98% |
| Shares Outstanding | 143.16M |
| Float | 124.63M |
| Short % of Float | +15.40% |
Source: Nexqual, October 29, 2026 at 20:16 UTC.
Leadership (SATL)
Satellogic Inc. is led by Emiliano Kargieman, Founder, CEO & Director, per Nexqual as of October 29, 2026 at 20:16 UTC.
| Founder, CEO & Director | Emiliano Kargieman |
|---|---|
| President | Vice Admiral Frank Dixon Whitworth |
| Senior VP, Interim CFO, Corporate Controller & Principal Accounting Officer | Dustin Greer |
| Senior Vice President of Operations | Lorri Kohler |
| Chief Technology Officer | Alan Kharsansky |
Major Backers & Investors (SATL)
Notable institutional backers of Satellogic Inc. include Liberty 77 Capital L.P. , Shaw D.E. & Co., Inc., Renaissance Technologies, according to Nexqual as of October 29, 2026 at 20:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Liberty 77 Capital L.P. | 6.99% |
| Shaw D.E. & Co., Inc. | 4.55% |
| Renaissance Technologies | 4.14% |
| Cantor Fitzgerald, L.P. | 3.48% |
| Van Eck Associates Corporation | 2.97% |
| Tema ETFs LLC | 2.93% |
| Millennium Management | 2.91% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| State Street | 5.31% |
| BlackRock | 5.13% |
| Vanguard Group | 2.99% |
Source: Nexqual, October 29, 2026 at 20:16 UTC.
From Satellogic Inc.'s Latest SEC 10-K Filing (filed 2026-03-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Currently, approximately 95 countries and 130 commercial organizations have investments in EO-related programs, representing a significant and growing addressable market for our vertically integrated satellite solutions.
- Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, delivering decision-grade insights at scale to government and commercial customers.
- Through an end-to-end production and operations model, Satellogic provides governments with flexible options across their journey toward sovereign Earth observation.
- Supported by patented intellectual property and vertical integration, we believe our integrated data & analytics service represents a disruptive solution driven by radical unit economics that creates a considerable competitive moat.
Partnerships
- On August 4, 2025, we entered into an expanded agreement with High Earth Orbit Robotics Pty Ltd. ("HEO"), the world's leading commercial provider of non-Earth imagery ("NEI") for in-orbit inspection.
- In January 2021, we signed a Rideshare Multi-Launch Agreement with SpaceX (the "SpaceX Agreement"), our preferred rideshare launch provider, and we expect to continue our launch program with SpaceX as we engage with and consider alternative launch providers.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to stringent U.S. export and import control laws and regulations. Unfavorable changes in these laws and regulations or U.S. government licensing policies, our failure to maintain U.S. government authorizations under these laws and regulations, or our failure to comply with these laws and regulations could have a material adverse effect on our business, financial condition, and results of operations.
- The inability to secure and maintain other necessary export authorizations could negatively impact our ability to successfully compete or to operate our business as planned.
- Any changes in the export control regulations or U.S. government licensing policy, such as those necessary to implement U.S. government commitments to multilateral control regimes, may restrict our operations.
- Compliance with CMMC may require us to implement and maintain specified cybersecurity controls, undergo third-party assessments where applicable, and incur additional compliance, audit, remediation, and monitoring costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| KTOS | Kratos Defense & Security Solut | USD 43.59 | ▲ 5.88% |
| CAE | CAE Inc | USD 26.27 | ▲ 1.98% |
| DRS | Leonardo DRS, Inc. | USD 39.64 | ▲ 11.66% |
| MOG-A | Moog Inc. | USD 362.81 | ▲ 4.41% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 20:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt