Satellogic Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 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.
Sep 30, 2026 · Filed Nov 10, 2026
SATL$3.90-1.6%Stored close · as of Nov 10, 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
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 and nine months ended September 30, 2026 and 2025 | 7 |
|---|---|
| Condensed Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025 | 8 |
| Condensed Consolidated Statements of Stockholders' (Deficit) Equity for the three and nine months ended September 30, 2026 and 2025 | 9 |
| Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2026 and 2025 | 11 |
| Notes to the Condensed Consolidated Financial Statements | 12 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands of U.S. dollars, except share and per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Revenue | ||||
| Service revenue | $7,610 | $3,633 | $20,565 | $11,460 |
| Product revenue | 8,431 | — | 17,502 | — |
| Total revenue | 16,041 | 3,633 | 38,067 | 11,460 |
| Costs and expenses, exclusive of depreciation shown separately below | ||||
| Cost of service revenue | 2,133 | 1,171 | 5,223 | 3,597 |
| Cost of product revenue | 1,409 | — | 2,592 | — |
| Cost of revenue | 3,542 | 1,171 | 7,815 | 3,597 |
| Engineering | 3,825 | 2,629 | 9,979 | 7,449 |
| Selling, general and administrative | 9,851 | 6,413 | 25,008 | 18,259 |
| Depreciation | 1,107 | 1,502 | 3,644 | 6,037 |
| Total costs and expenses | 18,325 | 11,715 | 46,446 | 35,342 |
| Operating loss | (2,284) | (8,082) | (8,379) | (23,882) |
| Other income (expense), net | ||||
| Interest income, net | 829 | 272 | 2,789 | 734 |
| Change in fair value of financial instruments | 29,999 | 11,882 | (102,691) | (10,791) |
| Other income (expense), net | 18 | 14 | 471 | (533) |
| Total other income (expense), net | 30,846 | 12,168 | (99,431) | (10,590) |
| Income (loss) before income tax | 28,562 | 4,086 | (107,810) | (34,472) |
| Income tax benefit (expense) | (258) | (119) | (2,237) | (794) |
| Net income (loss) available to stockholders | $28,304 | $3,967 | $(110,047) | $(35,266) |
| Other comprehensive (loss) gain | ||||
| Foreign currency translation (loss) gain, net of tax | (42) | 107 | (840) | 1,113 |
| Comprehensive income (loss) | $28,262 | $4,074 | $(110,887) | $(34,153) |
| Basic net income (loss) per share for the period attributable to holders of Common Stock | $0.18 | $0.04 | $(0.74) | $(0.35) |
| Basic weighted-average Common Stock outstanding | 154,733,319 | 105,984,243 | 149,347,566 | 101,982,971 |
| Diluted net income (loss) per share for the period attributable to holders of Common Stock | $0.14 | $(0.02) | $(0.74) | $(0.35) |
| Diluted weighted-average Common Stock outstanding | 179,276,336 | 130,984,243 | 149,347,566 | 101,982,971 |
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