# Satellogic Inc. (SATL) · Edgar & Edgarette company card

> Satellogic (SATL) grew revenue 37.6% in FY2025 to $18 million, operating margin -175% against a -7.1% median for radio & tv broadcasting & communications equipment, equity 40.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1874315 · fiscal year ended 2025-12-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/SATL) · [JSON](https://www.pops4.com/boards/company/SATL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $18M |
| Revenue growth, 1 year | 37.6% |
| Revenue growth per year | 32.6% |
| Operating margin | -175.2% (prior year -405.6%) |
| Net margin | -27.0% |
| Operating cash flow | −$27M |
| Capital spending | $7M |
| Free cash flow | −$34M |
| Cash | $94M |
| Long-term debt | — |
| Total assets | $151M |
| Total equity | $61M |
| Equity ÷ assets | 40.0% |
| Return on equity | -7.9% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -5.38 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -175.2% in FY2025; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $17.7M (FY2025). Experience: revenue up 37.6% on the year, up 32.6% a year over 2 years; operating margin -175.2%, up from -405.6%. Soundness: equity 40.0% of assets, return on equity -7.9%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $17.6M and $31.5M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, radio & tv broadcasting & communications equipment): operating margin -175.2% against a -7.1% median; growth 37.6% against 4.4%.

Range logged 2026-09-20, receipt 895c2d09d51a8682, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 6, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/1874315/000187431526000042/0001874315-26-000042-index.htm))

## Recent filings

- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1874315/000187431526000042/0001874315-26-000042-index.htm)
- 8-K · filed 2026-08-27 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1874315/000187431526000035/0001874315-26-000035-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1874315/000187431526000032/0001874315-26-000032-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1874315/000143774926025939/0001437749-26-025939-index.htm)
- 8-K · filed 2026-07-28 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1874315/000187431526000028/0001874315-26-000028-index.htm)
- 8-K · filed 2026-06-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1874315/000143774926019864/0001437749-26-019864-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001874315.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1874315

## Cite

POPS4, Edgar & Edgarette: Satellogic Inc. (SATL) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/SATL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.