Satellogic Inc.
SATL, SATLW · Radio & Tv Broadcasting & Communications Equipment · 27.3M shares · +2%/yr ↑ shares · EDGAR filings ↗
Reference price $9.77 · est. market cap ~$267M — last insider sale, 2026-05-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Satellite-imagery company with deep losses and cash burn, funded.
Strengths
- Strong liquidity, growth — current ratio 5.1 (93rd), revenue +38%
Risks
- Deep losses — operating margin -175%
- Cash burn — FCF -$34M (18th)
- Capital-intensity/commercialization risk — per 10-K
Notable findings
- Net lossNet loss (net margin -27.0%)
- Cash burnNegative free cash flow (-34.3M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Insider buyingInsider buying — 2 open-market buy(s) by 1 insider(s) (~$197,089, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 7 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$104M, last 6mo) Form 4 ↗
- China exposure-incorporated company operating without the heavy burden of export controls based on our non-ITAR design and our principal manufacturing location in Montevideo, Uruguay
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 8→10 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-175.2%
Net margin
-27.0%
Return on equity
-7.9%
Return on assets
-3.2%
Revenue growth (QoQ)
-2.2%
Current ratio
5.1×
Free cash flow
-$34M
Tangible book value
$61M
Cash & investments
$94M
Cash runway
11q
Stock comp / revenue
24.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-20 | Kharsansky Alan | Option exercise | 9.5K | — |
| 2026-06-20 | Dunn Rick | Option exercise | 6.6K | — |
| 2026-06-20 | Dunn Rick | Option exercise | 17K | — |
| 2026-06-20 | Dunn Rick | Option exercise | 7.6K | — |
| 2026-06-20 | Kharsansky Alan | Option exercise | 4.9K | — |
| 2026-06-20 | Kargieman Emiliano | Option exercise | 20K | — |
| 2026-05-31 | Kennedy Kelly J. | Option exercise | 49K | — |
| 2026-05-31 | Gutierrez Miguel | Option exercise | 49K | — |
| 2026-05-26 | Liberty 77 Capital L.P. | Sell | 10.0M | $9.77 |
| 2026-05-14 | Kharsansky Alan | Option exercise | 87K | $1.27 |
| 2026-05-14 | Kharsansky Alan | Sell | 87K | $8.35 |
| 2026-03-30 | Tirman Matthew | Sell | 9.5K | $5.18 |
| 2026-03-30 | Dunn Rick | Buy | 19K | $5.17 |
| 2026-03-27 | Dunn Rick | Buy | 17K | $5.91 |
| 2026-03-23 | CANTOR FITZGERALD, L. P. | Sell | 500K | $5.01 |
| 2026-03-20 | Tirman Matthew | Option exercise | 7.4K | — |
| 2026-03-20 | Tirman Matthew | Option exercise | 16K | — |
| 2026-03-20 | Dunn Rick | Option exercise | 3.0K | — |
| 2026-03-20 | Dunn Rick | Option exercise | 6.0K | — |
| 2026-03-20 | Dunn Rick | Option exercise | 15K | — |
| 2026-03-20 | Dunn Rick | Option exercise | 6.8K | — |
| 2026-03-20 | Kargieman Emiliano | Option exercise | 20K | — |
| 2026-01-30 | CANTOR FITZGERALD, L. P. | Sell | 5.6K | $5.55 |
| 2026-01-29 | CANTOR FITZGERALD, L. P. | Sell | 389K | $5.63 |
| 2026-01-28 | CANTOR FITZGERALD, L. P. | Sell | 130K | $5.56 |
| 2025-12-20 | Dunn Rick | Option exercise | 2.6K | — |
| 2025-12-20 | Dunn Rick | Option exercise | 13K | — |
| 2025-12-20 | Dunn Rick | Option exercise | 5.2K | — |
| 2025-12-20 | Dunn Rick | Option exercise | 6.0K | — |
| 2025-12-20 | Kargieman Emiliano | Option exercise | 20K | — |
| 2025-12-20 | Tirman Matthew | Option exercise | 14K | — |
| 2025-12-20 | Tirman Matthew | Option exercise | 6.4K | — |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 300 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Buy | 10K | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 400 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 300 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 200 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 80 | $1.88 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 200 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 51 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 600 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 100 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 1.9K | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 500 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 1.8K | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 300 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 200 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 8 | $1.87 |
| 2025-12-09 | CANTOR FITZGERALD, L. P. | Sell | 2.2K | $1.87 |
| 2025-10-15 | Kargieman Emiliano | Sell | 283K | $4.08 |
| 2025-10-14 | Kargieman Emiliano | Sell | 11K | $4.00 |
| 2025-10-10 | Kargieman Emiliano | Sell | 1.8K | $4.03 |
| 2025-10-09 | Kargieman Emiliano | Sell | 315K | $4.09 |
| 2025-10-08 | Kargieman Emiliano | Sell | 86K | $4.03 |
| 2025-10-06 | LUTNICK HOWARD W | Sell | 13.4M | — |
| 2025-09-24 | Dunn Rick | Sell | 23K | $3.80 |
| 2025-09-23 | Kargieman Emiliano | Sell | 130 | $4.00 |
| 2025-09-20 | Dunn Rick | Option exercise | 2.5K | — |
| 2025-09-20 | Tirman Matthew | Option exercise | 14K | — |
| 2025-09-20 | Tirman Matthew | Option exercise | 6.4K | — |
| 2025-09-20 | Dunn Rick | Option exercise | 4.8K | — |
| 2025-09-20 | Dunn Rick | Option exercise | 12K | — |
| 2025-09-20 | Dunn Rick | Option exercise | 5.5K | — |
| 2025-09-20 | Kargieman Emiliano | Option exercise | 20K | — |
| 2025-09-16 | Kargieman Emiliano | Sell | 17K | $3.75 |
| 2025-09-15 | Kargieman Emiliano | Sell | 209K | $3.85 |
| 2025-09-12 | Kargieman Emiliano | Sell | 436K | $3.94 |
| 2025-09-11 | Kargieman Emiliano | Sell | 60K | $3.77 |
| 2025-09-10 | Kargieman Emiliano | Sell | 81K | $3.77 |
| 2025-09-09 | Kargieman Emiliano | Sell | 1.1K | $3.75 |
| 2025-09-03 | Kargieman Emiliano | Sell | 77K | $3.76 |
| 2025-08-29 | Kargieman Emiliano | Sell | 30K | $3.75 |
| 2025-08-27 | Kargieman Emiliano | Sell | 15K | $3.75 |
| 2025-08-26 | Kargieman Emiliano | Sell | 73K | $3.75 |
| 2025-08-21 | Tirman Matthew | Sell | 29K | $3.45 |
| 2025-06-23 | Dunn Rick | Sell | 30K | $3.50 |
| 2025-06-23 | Kargieman Emiliano | Option exercise | 3.0M | — |
| 2025-06-20 | Dunn Rick | Option exercise | 3.3K | — |
| 2025-06-20 | Tirman Matthew | Option exercise | 17K | — |
| 2025-06-20 | Tirman Matthew | Option exercise | 9.5K | — |
| 2025-06-20 | Dunn Rick | Option exercise | 17K | — |
| 2025-06-20 | Dunn Rick | Option exercise | 6.6K | — |
| 2025-05-31 | Kennedy Kelly J. | Option exercise | 131K | — |
| 2025-05-20 | Tirman Matthew | Option exercise | 3.5K | $1.27 |
| 2025-05-20 | Tirman Matthew | Sell | 3.5K | $3.97 |
| 2025-05-20 | Dunn Rick | Sell | 58K | $4.13 |
| 2025-05-16 | Dunn Rick | Sell | 73K | $4.63 |
| 2025-05-16 | Tirman Matthew | Sell | 23K | $4.16 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Exec/director change | filing ↗ |
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-06-04 | Exec/director change | filing ↗ |
| 2026-05-11 | ResultsExhibits | filing ↗ |
| 2026-03-31 | Material agreementExhibits | filing ↗ |
| 2026-03-19 | ResultsExhibits | filing ↗ |
| 2026-03-09 | Exec/director change | filing ↗ |
| 2026-01-27 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q/A | 2026-06-17 | 2026-03-31 | 0001437749-26-020977 ↗ |
| 10-K/A | 2026-06-17 | 2025-12-31 | 0001437749-26-020976 ↗ |
| 8-K | 2026-06-08 | 2026-06-08 | 0001437749-26-019864 ↗ |
| 8-K | 2026-06-04 | 2026-06-01 | 0001874315-26-000023 ↗ |
| 8-K | 2026-06-04 | 2026-06-03 | 0001874315-26-000024 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001874315-26-000016 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001437749-26-016159 ↗ |
| 8-K | 2026-03-31 | 2026-03-30 | 0001437749-26-010408 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001437749-26-008934 ↗ |
| 10-K | 2026-03-19 | 2025-12-31 | 0001874315-26-000013 ↗ |
| 8-K | 2026-03-09 | 2026-03-06 | 0001874315-26-000006 ↗ |
| 8-K | 2026-01-27 | 2026-01-26 | 0001437749-26-002213 ↗ |