Satellogic SATL Q2 2026 earnings

“Our second quarter results mark a milestone in the financial evolution of the Company. Revenue grew 259% year-over-year to $15.9 million; operating income was positive $0.3 million, an improvement of $6.6 million from an operating loss of $6.3 million in the prior-year period. Net loss for the quarter was $20.0 million and included a $19.7 million non-cash charge relating to the change in fair value of financial instruments, driven primarily by the appreciation of our stock price during the quarter and the corresponding remeasurement of our Secured Convertible Notes, warrants and earnout liabilities. This fair value charge is non-cash and is not indicative of our underlying operating performance. On a Non-GAAP basis, adjusted EBITDA was positive $2.8 million, a $6.7 million improvement from a $3.9 million loss a year ago and the first quarter of positive Adjusted EBITDA in our history. These results reflect the combination of top-line growth and the cost discipline we have maintained as we scale our business.”