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Side-by-side financial comparison of Eightco Holdings Inc. (ORBS) and Satellogic Inc. (SATL). Click either name above to swap in a different company.

Eightco Holdings Inc. is the larger business by last-quarter revenue ($10.2M vs $6.2M, roughly 1.6× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -2281.6%, a 2769.6% gap on every dollar of revenue. Eightco Holdings Inc. produced more free cash flow last quarter ($-11.0M vs $-12.8M).

ORBS vs SATL — Head-to-Head

Bigger by revenue
ORBS
ORBS
1.6× larger
ORBS
$10.2M
$6.2M
SATL
Higher net margin
SATL
SATL
2769.6% more per $
SATL
488.0%
-2281.6%
ORBS
More free cash flow
ORBS
ORBS
$1.8M more FCF
ORBS
$-11.0M
$-12.8M
SATL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ORBS
ORBS
SATL
SATL
Revenue
$10.2M
$6.2M
Net Profit
$-232.5M
$30.5M
Gross Margin
-13.0%
Operating Margin
-475.0%
-114.2%
Net Margin
-2281.6%
488.0%
Revenue YoY
-49.9%
Net Profit YoY
-9183.3%
EPS (diluted)
$-2.34
$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
ORBS
ORBS
SATL
SATL
Q4 25
$10.2M
$6.2M
Q3 25
$5.3M
$3.6M
Q2 25
$7.6M
$4.4M
Q1 25
$9.9M
$3.4M
Q4 24
$20.3M
Q3 24
$6.1M
Q2 24
$5.3M
$3.5M
Q1 24
$8.0M
Net Profit
ORBS
ORBS
SATL
SATL
Q4 25
$-232.5M
$30.5M
Q3 25
$-25.8M
$4.0M
Q2 25
$-1.2M
$-6.7M
Q1 25
$-2.5M
$-32.6M
Q4 24
$-2.5M
Q3 24
$-3.2M
Q2 24
$4.4M
$-18.1M
Q1 24
$1.9M
Gross Margin
ORBS
ORBS
SATL
SATL
Q4 25
-13.0%
Q3 25
-3.7%
Q2 25
16.4%
Q1 25
8.2%
Q4 24
8.2%
Q3 24
26.5%
Q2 24
25.1%
Q1 24
17.5%
Operating Margin
ORBS
ORBS
SATL
SATL
Q4 25
-475.0%
-114.2%
Q3 25
-116.9%
-222.5%
Q2 25
-15.9%
-141.6%
Q1 25
-14.3%
-280.9%
Q4 24
-11.9%
Q3 24
-29.1%
Q2 24
-16.4%
-419.2%
Q1 24
-39.6%
Net Margin
ORBS
ORBS
SATL
SATL
Q4 25
-2281.6%
488.0%
Q3 25
-487.6%
109.2%
Q2 25
-15.4%
-149.8%
Q1 25
-25.7%
-961.9%
Q4 24
-12.3%
Q3 24
-52.5%
Q2 24
84.2%
-517.0%
Q1 24
24.4%
EPS (diluted)
ORBS
ORBS
SATL
SATL
Q4 25
$-2.34
$0.24
Q3 25
$-0.58
$-0.02
Q2 25
$-0.38
$-0.06
Q1 25
$-0.84
$-0.34
Q4 24
$-1.44
Q3 24
$-1.77
Q2 24
$2.15
$-0.20
Q1 24
$1.42

Balance Sheet & Financial Strength

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

Metric
ORBS
ORBS
SATL
SATL
Cash + ST InvestmentsLiquidity on hand
$58.5M
$94.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$232.6M
$60.5M
Total Assets
$250.2M
$151.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORBS
ORBS
SATL
SATL
Q4 25
$58.5M
$94.4M
Q3 25
$23.7M
$28.3M
Q2 25
$696.3K
$32.6M
Q1 25
$434.4K
$17.7M
Q4 24
$239.2K
Q3 24
$2.4M
Q2 24
$363.1K
$25.6M
Q1 24
$808.8K
Stockholders' Equity
ORBS
ORBS
SATL
SATL
Q4 25
$232.6M
$60.5M
Q3 25
$339.2M
$-56.9M
Q2 25
$8.9M
$-68.1M
Q1 25
$9.7M
$-83.1M
Q4 24
$11.9M
Q3 24
$13.0M
Q2 24
$13.8M
$19.1M
Q1 24
$3.9M
Total Assets
ORBS
ORBS
SATL
SATL
Q4 25
$250.2M
$151.3M
Q3 25
$355.5M
$70.9M
Q2 25
$48.7M
$73.8M
Q1 25
$47.6M
$61.4M
Q4 24
$50.8M
Q3 24
$49.2M
Q2 24
$48.4M
$76.6M
Q1 24
$50.2M

Cash Flow & Capital Efficiency

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

Metric
ORBS
ORBS
SATL
SATL
Operating Cash FlowLast quarter
$-11.0M
$-9.5M
Free Cash FlowOCF − Capex
$-11.0M
$-12.8M
FCF MarginFCF / Revenue
-107.7%
-204.9%
Capex IntensityCapex / Revenue
0.0%
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
ORBS
ORBS
SATL
SATL
Q4 25
$-11.0M
$-9.5M
Q3 25
$-1.6M
$-8.4M
Q2 25
$-659.2K
$-4.3M
Q1 25
$999.8K
$-4.7M
Q4 24
$-6.6M
Q3 24
$77.7K
Q2 24
$-440.3K
Q1 24
$-723.3K
Free Cash Flow
ORBS
ORBS
SATL
SATL
Q4 25
$-11.0M
$-12.8M
Q3 25
$-9.7M
Q2 25
$-661.3K
$-5.1M
Q1 25
$999.7K
$-6.6M
Q4 24
$-6.6M
Q3 24
$73.0K
Q2 24
Q1 24
FCF Margin
ORBS
ORBS
SATL
SATL
Q4 25
-107.7%
-204.9%
Q3 25
-267.2%
Q2 25
-8.7%
-115.3%
Q1 25
10.1%
-195.9%
Q4 24
-32.7%
Q3 24
1.2%
Q2 24
Q1 24
Capex Intensity
ORBS
ORBS
SATL
SATL
Q4 25
0.0%
53.6%
Q3 25
0.0%
36.8%
Q2 25
0.0%
17.5%
Q1 25
0.0%
56.5%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
ORBS
ORBS
SATL
SATL
Q4 25
-0.31×
Q3 25
-2.11×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.10×
Q1 24
-0.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORBS
ORBS

Segment breakdown not available.

SATL
SATL

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

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