SATL
Satellogic Inc.

Satellogic Inc.SATL

Industrials · Aerospace & Defense
3.48USD
+20.42%
Nov 08, 2026
SATL overview ready
Provider of sovereign Earth-observation satellites and imagery services to governments
Satellogic designs, manufactures, operates, and in some cases sells high-resolution Earth-observation satellites while monetizing recurring imagery monitoring, dedicated constellation capacity, and sovereign in-orbit satellite solutions for governments and defense customers.
Primary theme is lagging
Space is lagging (-13.9pp vs SPY over 21 sessions; 2 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Dependence on government and defense contracts.
Market Nov 6Filing Jun 30Price action Nov 7Research Oct 9

Conviction Level

PriceAction1.4BusinessPerformance5.0BusinessQuality—Valuation2.5ThemeMomentum1.0Mixed — Revenue growth has accelerated, rising from +80% to +259% year over year. The company is still loss-making: the diluted loss per share widened to -$0.13 from -$0.06 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
SpaceLagging
vs SPY
−13.9pp
Theme return
−18.9%
Beating SPY
2 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$507.4M
Avg Volume (60D)
5.0M
60 sessions
Revenue Growth YoY
+37.6%
FY2025 vs FY2024
Gross Margin
+78.9%
Operating Margin
-66.8%
Trailing twelve months
Free Cash Flow Yield
-8.3%
Distance from 200DMA
-34.3%
Next Earnings
2026-11-10
P/E
N/M
EV / Sales
15.2x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Mixed

Revenue growth has accelerated, rising from +80% to +259% year over year. The company is still loss-making: the diluted loss per share widened to -$0.13 from -$0.06 a year earlier.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthAccelerating
+259%
$15.9M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. +29%
  2. +94%
  3. +80%
  4. +259%
Earnings growthLoss widening
-$0.13
Diluted EPS -$0.13 vs -$0.06 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
1.7%
+143.2 pp YoY
The business is consuming cash
The share count is rising

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
Satellogic Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

What changed

  • SATL rose 20.4% in one session
    SATL closed +20.4% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Satellogic designs, manufactures, operates, and in some cases sells high-resolution Earth-observation satellites while monetizing recurring imagery monitoring, dedicated constellation capacity, and sovereign in-orbit satellite solutions for governments and defense customers.
Opportunity
High opportunity
Government and defense demand for sovereign or allied access to persistent, high-revisit commercial Earth-observation imagery, tasking capacity, and geospatial intelligence for national monitoring, situational awareness, and defense operations.
Key risk
Dependence on government and defense contracts.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Aerospace & Defense
What they do

Satellogic Inc. designs, manufactures, and operates Earth-observation satellites and delivers geospatial data and insights through its platform globally. It provides constellation-as-a-service and satellite sales and support, serving government and commercial customers.

How it earns

Revenue is generated through recurring imagery monitoring subscriptions, constellation capacity sales, and transactional satellite sales and support services.

Products & services
High-resolution Earth-observation satellites
Geospatial data platform
Constellation-as-a-service
Satellite sales and support
Customers & end markets
Government and defense agencies
Commercial enterprises requiring geospatial intelligence
Market position

Niche player specializing in sovereign and allied government Earth-observation satellite solutions and services.

Demand drivers
Medium cyclicality

Demand is influenced by government defense budgets and commercial adoption of geospatial intelligence, which can vary with economic and geopolitical conditions.

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