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Satellogic — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue reached a record $16.0 million, a 342% year-over-year increase, while Adjusted EBITDA turned positive $1.2 million for the second consecutive quarter; GAAP net income of $28.3 million included a $30.0 million non-cash gain.
  • The Merlin constellation launched on October 1, 2026, with operational services and initial revenue expected in the second half of 2027, alongside plans for additional launches in the first half of 2027.
  • Significant strategic momentum includes a new $37 million sovereign satellite agreement signed post-quarter-end and a three-year Non-Earth Imaging agreement with HEO, bringing total announced sovereign agreement value to approximately $67 million over the past year.
  • Management appointed Vice Admiral Frank D. "Trey" Whitworth as President and Jamil Kawar as Senior Vice President, Space Systems, while cash and cash equivalents increased to $106.5 million as of September 30, 2026.
Company
SATELLOGIC INC
Sector
Industrials
Industry
Aerospace & Defense