Earnings ·
Satellogic Inc. reported financial results for the second quarter ended June 30, 2026, announcing a 259%…
SATLSatellogic Inc.
Satellogic Inc. reported financial results for the second quarter ended June 30, 2026, announcing a 259% year-over-year revenue increase to $15.9 million and achieving its first quarter of positive operating income at $0.3 million. The company also recorded its first positive Adjusted EBITDA of $2.8 million on a non-GAAP basis, despite reporting a GAAP net loss of $20.0 million driven by a $19.7 million non-cash charge from the fair value remeasurement of financial instruments. During the quarter, Satellogic converted $12.0 million of Secured Convertible Note principal into 10.0 million shares of Class A common stock, reducing outstanding debt to $18.0 million, and ended with $112.8 million in cash. The company also secured a one-year defense agreement valued at over $18 million and a $12 million satellite sale agreement, while maintaining its Merlin constellation launch timeline for late 2026. Satellogic Inc. operates in the aerospace industry, providing persistent global intelligence through high-resolution Earth observation satellites.