Satellogic reported record third quarter 2026 results, characterized by a significant revenue beat and its second consecutive quarter of positive Adjusted EBITDA. Performance was driven by the delivery of a sovereign satellite to Portugal and a doubling of Data & Analytics revenue, which reached $6.6 million.
Key Highlights
- Record revenue of $16.0 million grew 342% year-over-year, significantly exceeding the $12.4 million analyst estimate.
- Adjusted EBITDA reached a positive $1.2 million, a substantial improvement from the $4.9 million loss in the prior-year period.
- Total remaining performance obligations (backlog) stood at $66.9 million, down from $80.7 million in Q2 as the company successfully converted high-value satellite deliveries into recognized revenue.
- Subsequent to the quarter-end, the company signed a new sovereign agreement to sell three in-orbit satellites for approximately $37 million, which is not yet included in the reported backlog.