Satellogic (NASDAQ:SATL) reported a sharp increase in first-quarter revenue and said it generated positive net cash from operating activities for the first time in its public history, as management pointed to growing demand from sovereign defense, intelligence and commercial customers.
Founder and Chief Executive Officer Emiliano Kargieman described the first quarter of 2026 as “a clear inflection point” for the Earth observation company. He said Satellogic grew revenue 80%, improved its adjusted EBITDA loss by 32%, generated positive net cash from operating activities and ended the quarter with $121.9 million in cash.
