Satellogic (SATL) reported second-quarter 2026 revenue of $15.9 million, up 259% year over year, for the period ended June 30. The company reported GAAP operating income of $0.3 million and a GAAP net loss of $20.0 million, including a $19.7 million non-cash charge tied to changes in fair value of financial instruments.
Satellogic ended the quarter with $112.8 million in cash and cash equivalents and $80.7 million in remaining performance obligations. Management will host a webcast and conference call on August 5, 2026, at 4:30 p.m. ET.
- Total revenue was $15.9 million, compared with $4.4 million in the prior-year period.
- Data & Analytics revenue, including Constellation-as-a-Service, was $7.1 million; Space Systems revenue was $8.8 million.
- GAAP net loss was $20.0 million, compared with a net loss of $6.7 million a year earlier.
- Adjusted EBITDA was positive $2.8 million, compared with an adjusted EBITDA loss of $3.9 million in the prior-year period.
- The company signed a one-year agreement valued at more than $18 million with an international defense customer and a $12 million agreement with a sovereign defense customer.
- Satellogic said the first launch of its Merlin constellation remains on track for the fourth quarter of 2026, with full operational capability expected in the first half of 2027.
$SATLW Hedge Fund Activity
We have seen 7 institutional investors add shares of $SATLW stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LMR PARTNERS LLP added 770,437 shares (+61.1%) to their portfolio in Q1 2026, for an estimated $924,524
- CANTOR FITZGERALD, L. P. added 533,333 shares (+inf%) to their portfolio in Q1 2026, for an estimated $639,999
- TORONTO DOMINION BANK removed 359,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $430,800
- ARISTEIA CAPITAL, L.L.C. added 48,258 shares (+11.7%) to their portfolio in Q1 2026, for an estimated $57,909
- HUDSON BAY CAPITAL MANAGEMENT LP added 36,955 shares (+13.3%) to their portfolio in Q1 2026, for an estimated $44,346
- JANNEY MONTGOMERY SCOTT LLC added 14,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,060
- CAPTION MANAGEMENT, LLC added 12,672 shares (+inf%) to their portfolio in Q1 2026, for an estimated $15,206
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
