Satellogic Q1 revenue jumps 80% on Imagery orders by Data & Analytics customers

Satellogic

11/05/2026 22:29

Overview

US geospatial intelligence platform's fiscal Q1 revenue grew 80% yr/yr

Adjusted EBITDA loss for fiscal Q1 improved 32% yr/yr

Company signed $12 mln satellite delivery agreement with sovereign defense customer

Outlook

Company expects first Merlin satellite launch in Q4 2026, full deployment in H1 2027

Satellogic says Merlin constellation is fully funded by customer contracts, no incremental capital required

Company expects to recognize $29.2 mln in revenue from performance obligations within one year

Result Drivers

DATA & ANALYTICS DEMAND - Q1 revenue growth was driven by increased imagery orders from new and existing Data & Analytics customers, per CFO Rick Dunn

SPACE SYSTEMS REVENUE - Growth in Space Systems line contributed to overall revenue increase, with segment revenue rising to $1.5 mln from $0.4 mln yr/yr

ASIA-PACIFIC EXPANSION - Asia and Asia Pacific revenue grew more than 700% yr/yr to $3.0 mln, reflecting regional growth

Company press release: ID:nGNX5mzFqQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$6.10 mln
Q1 EPS
-$0.84
Q1 Adjusted EBITDA
$4.23 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Satellogic Inc is $7.00, about 7.5% below its May 8 closing price of $7.57

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)