What factors drove the changes in Satellogic's revenue and profit?

What is the market's earnings forecast for Satellogic next quarter?

What does Satellogic do and what are its main business segments?

What were the key takeaways from Satellogic's earnings call?

What is Satellogic's latest dividend and current dividend yield?

What were the key takeaways from Satellogic’s earnings call?

What is the revenue and EPS growth rate for Satellogic year over year?

Did Satellogic beat or miss consensus estimates last quarter?

- **Revenue Surge**: 2025 revenue up 38% to $17.7M, Q4 +94% YoY, backed by $65.1M RPO backlog.
- **Merlin Breakthrough**: 8-satellite constellation for daily 1m global remapping, first launch Oct 2026, fully funded by customers.
- **Sovereign Dominance**: $18M Portugal deal highlights 25% cost reduction, 3-day delivery speed. $1B+ pipeline in EMEA, APAC.
- **Financial Strength**: $94.4M cash, 25% expense reduction, EBITDA loss -48% YoY. $35M Jan 2026 equity raise.
- **AI-Driven Growth**: Aleph Observer subscriptions shift pricing from per-image to monitored sites, Merlin expands to commercial markets.

**【CEO Summary Section】**
- **Strategic Shifts**: U.S. domicile (Delaware) unlocks U.S. government contracts; 25% YoY operating expense reduction; product focus on scalable, low-cost Earth observation solutions.
- **Revenue Growth**: Full-year 2025 revenue $17.7M (+38% YoY), Q4 $6.2M (+94% YoY). North America ($12.1M), Europe ($2.8M), APAC ($2.5M) key markets.
- **NewSat Constellation**: 19 satellites with 50cm resolution, 3-hour tasking-to-delivery, $1.3M/satellite cost advantage.
- **Merlin Constellation**: 8-satellite system for daily 1m global remapping, AI-on-orbit processing, first launch Oct 2026, fully operational H1 2027. Fully funded by customer contracts.
- **Aleph Observer**: Persistent monitoring of hundreds of sites daily, AI-driven analytics, $65.1M non-cancelable RPO backlog.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net loss $4.8M (vs. $116.3M YoY), adjusted EBITDA loss $17.4M (-48% YoY). Cash balance $94.4M (vs. $22.5M YoY), $35M registered direct offering in Jan 2026.
- **Cost Efficiency**: Operating expenses $48.7M (-25% YoY). Engineering (-28%), SG&A (-22%), depreciation (-39%).
- **Liquidity**: $65.1M RPO, $28.6M recognized within 1 year, $21.8M+ long-term.

**【Sales Pipeline & Market Insights】**
- **SVP Sales Perspective**: Sovereign demand accelerating (e.g., Portugal $18M deal), Satellogic's speed-to-capacity (2 satellites in 4 months) and non-ITAR design key differentiators.
- **Pipeline Momentum**: $1B+ pipeline, 7-figure+ deals in India, Albania, Australia. Merlin positions for commercial scale beyond defense.
- **U.S. Government Access**: CSDA contract with NASA, leveraging partners like Palantir for U.S. defense programs.

**【Q&A Highlights】**
- **Merlin Details**: 8 satellites, RF inter-satellite links, AI-on-orbit for real-time alerts and retasking. Fully in-orbit H1 2027.
- **Revenue Recognition**: Merlin revenue begins H1 2027. Portugal deal revenue recognized upon satellite delivery (Q2/Q3 2026).
- **Market Risk**: Geopolitical shocks accelerate sovereign spending but may cause short-term volatility in commercial demand.
- **Growth Outlook**: 2026 top-line growth expectations exceed 2025 pace, driven by Merlin and Aleph Observer subscriptions.

Actual							-0.02	-0.05
Forecast								-0.05
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Actual	--	--	--	--	--	--	3.63M	3.60M
Forecast	--	--	--	--	--	--	--	3.83M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.09%

SATL

SATL fundamentals

SATL Q4 2025 Earnings

Earnings Call

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SATL

SATL fundamentals

SATL Q4 2025 Earnings

Earnings Call

SATL Earnings Call Summary for Q4/20258:00 AM on Mar 19, 2026

SATL Earnings Call Summary for Q3/2025 Mar 26, 2026

SATL Earnings Call Summary for Q2/20257:00 AM on Aug 12, 2025

SATL Earnings Call Summary for Q4/2024 Mar 26, 2026

SATL Earnings Call Summary for Q2/2024 Mar 26, 2026

You can ask Aime