Satellogic Q2 revenue rises 259% to $15.9 million; net loss widens to $20.0 million
Satellogic reported second-quarter 2026 revenue of $15.9 million, up 259% from $4.4 million a year earlier, and its first quarter of positive operating income, at $0.3 million. The net loss widened to $20.0 million from $6.7 million, mainly because of a $19.7 million non-cash charge tied to changes in the fair value of financial instruments, which the company says does not reflect underlying operations.
Key points
- Revenue was $15.9 million, up from $4.4 million; Space Systems contributed $8.8 million and Data & Analytics $7.1 million.
- Operating income was $0.3 million, compared with an operating loss of $6.3 million a year earlier.
- Net loss was $20.0 million, including a $19.7 million non-cash fair value charge; adjusted EBITDA was positive $2.8 million.
- Cash and cash equivalents were $112.8 million at June 30, 2026; secured convertible note principal fell to $18.0 million after a $12.0 million conversion.
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.