Satellogic Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. FINANCIAL STATEMENTS (UNAUDITED)
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA
Condensed Consolidated Statements and Other Financial Information
Index to Condensed Consolidated Financial Statements
| Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, 2026 and 2025 | 6 |
|---|---|
| Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 | 7 |
| Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the three months ended March 31, 2026 and 2025 | 8 |
| Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 | 9 |
| Notes to the Condensed Consolidated Financial Statements | 10 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands of U.S. dollars, except share and per share amounts) | 2026 | 2025 |
| Revenue | ||
| Service revenue | $5,371 | $3,387 |
| Product revenue | 736 | — |
| Total revenue | 6,107 | 3,387 |
| Costs and expenses, exclusive of depreciation shown separately below | ||
| Cost of service revenue | 1,400 | 1,237 |
| Cost of product revenue | 51 | — |
| Cost of revenue | 1,451 | 1,237 |
| Engineering | 3,080 | 2,493 |
| Selling, general and administrative | 6,545 | 6,485 |
| Depreciation | 1,392 | 2,687 |
| Total costs and expenses | 12,468 | 12,902 |
| Operating loss | (6,361) | (9,515) |
| Other income (expense), net | ||
| Interest income, net | 957 | 177 |
| Change in fair value of financial instruments | (113,011) | (22,361) |
| Other income (expense), net | 153 | (167) |
| Total other income (expense), net | (111,901) | (22,351) |
| Income (loss) before income tax | (118,262) | (31,866) |
| Income tax expense | (40) | (715) |
| Net income (loss) available to stockholders | $(118,302) | $(32,581) |
| Other comprehensive (loss) gain | ||
| Foreign currency translation (loss) gain, net of tax | (533) | 257 |
| Comprehensive income (loss) | $(118,835) | $(32,324) |
| Basic net income (loss) per share for the period attributable to holders of Common Stock | $(0.84) | $(0.34) |
| Basic weighted-average Common Stock outstanding | 140,942,287 | 96,655,349 |
| Diluted net income (loss) per share for the period attributable to holders of Common Stock | $(0.84) | $(0.34) |
| Diluted weighted-average Common Stock outstanding | 140,942,287 | 96,655,349 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.