Satellogic

SATL

Aerospace & Defense · Industrials

Price

$5.72

+0.42 (+7.92%)

Market Cap

$787.4M

Exchange

NASDAQ

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+94.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 68.8M (2021) → 134.1M (2025)

Winston Score History

The full picture

Satellogic is a satellite imaging company that takes high-resolution photos of Earth from space and sells access to that data. Its main products are satellite imagery and geospatial analytics, used by governments, defense agencies, and commercial customers who need to monitor things like farmland, infrastructure, or military activity. The company operates one of the largest commercial Earth observation satellite constellations in the world.

Satellogic makes money by selling satellite imagery, data subscriptions, and analytics services to customers across North America, Latin America, the Middle East, and beyond. With a market cap around $0.5 billion, it competes against larger players like Maxar and Planet Labs, but differentiates itself by offering relatively affordable high-resolution imaging at scale. The company's biggest challenge is its deeply negative operating margin, meaning it spends far more than it earns, and its path to profitability depends heavily on winning large government contracts and expanding its satellite fleet to drive down costs.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+258.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-101.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$5M/ year

↓ Declining (-65% vs prior year)

28.2% of revenue

7.1x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

45.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~19 months

$128M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

Satellogic grew revenue 259% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

82.3%

Premium pricing power — 82.3% gross margin

Profit after running costs

Operating Margin

1.7%

Thin — 1.7% operating margin

Return on the money invested

ROCE

-17.2%

Weak — -17.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+130.1%

Fast-growing sales (+130.1% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-149.1%

Burning cash (-149.1%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

2.65

Heavy debt load (2.65)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial