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Side-by-side financial comparison of Metalla Royalty & Streaming Ltd. (MTA) and Satellogic Inc. (SATL). Click either name above to swap in a different company.

Satellogic Inc. is the larger business by last-quarter revenue ($6.2M vs $3.8M, roughly 1.7× Metalla Royalty & Streaming Ltd.). Satellogic Inc. runs the higher net margin — 488.0% vs -117.1%, a 605.0% gap on every dollar of revenue.

Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming firm focused on gold, silver, and strategic mineral assets primarily across North America. It partners with mining operators to earn stable, leveraged returns without incurring the high costs and operational risks of direct mine ownership, catering to investors seeking low-volatility exposure to precious metals markets.

Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.

MTA vs SATL — Head-to-Head

Bigger by revenue
SATL
SATL
1.7× larger
SATL
$6.2M
$3.8M
MTA
Higher net margin
SATL
SATL
605.0% more per $
SATL
488.0%
-117.1%
MTA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MTA
MTA
SATL
SATL
Revenue
$3.8M
$6.2M
Net Profit
$-4.4M
$30.5M
Gross Margin
50.4%
Operating Margin
-114.2%
Net Margin
-117.1%
488.0%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTA
MTA
SATL
SATL
Q4 25
$6.2M
Q3 25
$3.8M
$3.6M
Q2 25
$2.1M
$4.4M
Q1 25
$1.3M
$3.4M
Q3 24
$3.3M
Q2 24
$3.5M
Q1 24
$981.0K
Net Profit
MTA
MTA
SATL
SATL
Q4 25
$30.5M
Q3 25
$-4.4M
$4.0M
Q2 25
$-3.2M
$-6.7M
Q1 25
$-1.7M
$-32.6M
Q3 24
$-4.0M
Q2 24
$-18.1M
Q1 24
$-1.4M
Gross Margin
MTA
MTA
SATL
SATL
Q4 25
Q3 25
50.4%
Q2 25
39.7%
Q1 25
39.2%
Q3 24
48.5%
Q2 24
Q1 24
59.3%
Operating Margin
MTA
MTA
SATL
SATL
Q4 25
-114.2%
Q3 25
-222.5%
Q2 25
-141.6%
Q1 25
-102.5%
-280.9%
Q3 24
-176.4%
Q2 24
-419.2%
Q1 24
-121.5%
Net Margin
MTA
MTA
SATL
SATL
Q4 25
488.0%
Q3 25
-117.1%
109.2%
Q2 25
-151.3%
-149.8%
Q1 25
-138.0%
-961.9%
Q3 24
-120.3%
Q2 24
-517.0%
Q1 24
-138.2%
EPS (diluted)
MTA
MTA
SATL
SATL
Q4 25
$0.24
Q3 25
$-0.02
Q2 25
$-0.06
Q1 25
$-0.34
Q3 24
Q2 24
$-0.20
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTA
MTA
SATL
SATL
Cash + ST InvestmentsLiquidity on hand
$94.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$60.5M
Total Assets
$151.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTA
MTA
SATL
SATL
Q4 25
$94.4M
Q3 25
$28.3M
Q2 25
$32.6M
Q1 25
$17.7M
Q3 24
Q2 24
$25.6M
Q1 24
Stockholders' Equity
MTA
MTA
SATL
SATL
Q4 25
$60.5M
Q3 25
$-56.9M
Q2 25
$-68.1M
Q1 25
$-83.1M
Q3 24
Q2 24
$19.1M
Q1 24
Total Assets
MTA
MTA
SATL
SATL
Q4 25
$151.3M
Q3 25
$70.9M
Q2 25
$73.8M
Q1 25
$61.4M
Q3 24
Q2 24
$76.6M
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MTA
MTA
SATL
SATL
Operating Cash FlowLast quarter
$-9.5M
Free Cash FlowOCF − Capex
$-12.8M
FCF MarginFCF / Revenue
-204.9%
Capex IntensityCapex / Revenue
53.6%
Cash ConversionOCF / Net Profit
-0.31×
TTM Free Cash FlowTrailing 4 quarters
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTA
MTA
SATL
SATL
Q4 25
$-9.5M
Q3 25
$-8.4M
Q2 25
$-4.3M
Q1 25
$-4.7M
Q3 24
Q2 24
Q1 24
Free Cash Flow
MTA
MTA
SATL
SATL
Q4 25
$-12.8M
Q3 25
$-9.7M
Q2 25
$-5.1M
Q1 25
$-6.6M
Q3 24
Q2 24
Q1 24
FCF Margin
MTA
MTA
SATL
SATL
Q4 25
-204.9%
Q3 25
-267.2%
Q2 25
-115.3%
Q1 25
-195.9%
Q3 24
Q2 24
Q1 24
Capex Intensity
MTA
MTA
SATL
SATL
Q4 25
53.6%
Q3 25
36.8%
Q2 25
17.5%
Q1 25
56.5%
Q3 24
Q2 24
Q1 24
Cash Conversion
MTA
MTA
SATL
SATL
Q4 25
-0.31×
Q3 25
-2.11×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTA
MTA

Segment breakdown not available.

SATL
SATL

Transferred At Point In Time$5.7M91%
Other$547.0K9%

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