Satellogic Inc. Class A Common Stock (SATL)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Satellogic as a Graham-style skeptic. At the 2026-10-13 close of $4.55, the market values this small Earth-observation company at $685.2M. FairStock calculates a negative P/E of -6.15, a price-to-book of 20.68, ROE of -127.65%, and a debt-to-equity of 2.85. Those are not the marks of a durable business with a margin of safety. The filed numbers show why: in fiscal 2024, the year ended 2024-12-31, revenue was $12.9M and net income was -$116.3M; in fiscal 2025, the year ended 2025-12-31, revenue rose to $17.7M but net income was still -$4.8M. More recently, in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $6.1M and net income was -$118.3M, and in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $15.9M and net income was -$20.0M. The top line is moving, but losses remain large. Trailing free cash flow is -$42.2M, a negative 6.2% FCF yield. The Piotroski score is 5/9, and the Altman Z-score is -0.77, which points to financial stress. I see no clear moat: Satellogic is small, capital-intensive, and earns negative returns on equity and capital. The FairStock score of 42/100 and the Lynch category of none, because only two years of filed results are available, reinforce that this is a speculative story, not a proven compounder. Growth could arrive, but I want evidence of profits, cash generation, and balance-sheet strength before calling the price fair.

In plain English: Satellogic is a small satellite company that takes pictures of Earth and sells data and related services. The business is growing sales, but it still loses a lot of money, burns cash, and carries heavy debt. At $4.55 a share, the price looks expensive compared with its small revenue, negative earnings, and weak financial strength.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer