Satellogic Q1 Revenue $6.11M Exceeds Expectations
Reports Q1 revenue $6.11M, consensus $5.27M. The increase in net loss was primarily driven by a $113M non-cash charge in the change in fair value of financial instruments, reflecting the remeasurement of the company's secured convertible notes, warrants, and earnout liabilities. "Q1 2026 marked a clear operational inflection point for Satellogic," said CEO Emiliano Kargieman. "Commercially, we continued to build momentum across our sovereign defense and intelligence customer base with revenue growing at 80% year-over-year. We also signed a $12 million agreement to deliver a fully commissioned, in-orbit NewSat satellite from our operational Aleph-1 constellation to a sovereign defense customer. This is the second sovereign in-orbit contract we have closed in the past two quarters and we believe this model is uniquely matched to the speed, capability, and unit-economics demands of modern sovereign defense procurement. With one of the largest high resolution constellations in the world, we have the ability to do this without impacting our ability to meet existing demand and expected future growth in our Data & Analytics business."
