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Side-by-side financial comparison of Avidity Biosciences, Inc. (RNA) and Satellogic Inc. (SATL). Click either name above to swap in a different company.

Avidity Biosciences, Inc. is the larger business by last-quarter revenue ($12.5M vs $6.2M, roughly 2.0× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -1398.3%, a 1886.3% gap on every dollar of revenue. Satellogic Inc. produced more free cash flow last quarter ($-12.8M vs $-156.9M).

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

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

RNA vs SATL — Head-to-Head

Bigger by revenue
RNA
RNA
2.0× larger
RNA
$12.5M
$6.2M
SATL
Higher net margin
SATL
SATL
1886.3% more per $
SATL
488.0%
-1398.3%
RNA
More free cash flow
SATL
SATL
$144.1M more FCF
SATL
$-12.8M
$-156.9M
RNA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
RNA
RNA
SATL
SATL
Revenue
$12.5M
$6.2M
Net Profit
$-174.4M
$30.5M
Gross Margin
Operating Margin
-1513.5%
-114.2%
Net Margin
-1398.3%
488.0%
Revenue YoY
434.0%
Net Profit YoY
-117.0%
EPS (diluted)
$-1.27
$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
RNA
RNA
SATL
SATL
Q4 25
$6.2M
Q3 25
$12.5M
$3.6M
Q2 25
$3.8M
$4.4M
Q1 25
$1.6M
$3.4M
Q4 24
$3.0M
Q3 24
$2.3M
Q2 24
$2.0M
$3.5M
Q1 24
$3.5M
Net Profit
RNA
RNA
SATL
SATL
Q4 25
$30.5M
Q3 25
$-174.4M
$4.0M
Q2 25
$-157.3M
$-6.7M
Q1 25
$-115.8M
$-32.6M
Q4 24
$-102.3M
Q3 24
$-80.4M
Q2 24
$-70.8M
$-18.1M
Q1 24
$-68.9M
Operating Margin
RNA
RNA
SATL
SATL
Q4 25
-114.2%
Q3 25
-1513.5%
-222.5%
Q2 25
-4448.7%
-141.6%
Q1 25
-8360.9%
-280.9%
Q4 24
-4069.6%
Q3 24
-4200.9%
Q2 24
-4040.4%
-419.2%
Q1 24
-2178.6%
Net Margin
RNA
RNA
SATL
SATL
Q4 25
488.0%
Q3 25
-1398.3%
109.2%
Q2 25
-4089.3%
-149.8%
Q1 25
-7360.0%
-961.9%
Q4 24
-3439.5%
Q3 24
-3441.7%
Q2 24
-3461.8%
-517.0%
Q1 24
-1943.4%
EPS (diluted)
RNA
RNA
SATL
SATL
Q4 25
$0.24
Q3 25
$-1.27
$-0.02
Q2 25
$-1.21
$-0.06
Q1 25
$-0.90
$-0.34
Q4 24
$-0.80
Q3 24
$-0.65
Q2 24
$-0.65
$-0.20
Q1 24
$-0.79

Balance Sheet & Financial Strength

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

Metric
RNA
RNA
SATL
SATL
Cash + ST InvestmentsLiquidity on hand
$350.2M
$94.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$60.5M
Total Assets
$2.1B
$151.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RNA
RNA
SATL
SATL
Q4 25
$94.4M
Q3 25
$350.2M
$28.3M
Q2 25
$243.9M
$32.6M
Q1 25
$254.2M
$17.7M
Q4 24
$219.9M
Q3 24
$370.2M
Q2 24
$575.8M
$25.6M
Q1 24
$471.4M
Stockholders' Equity
RNA
RNA
SATL
SATL
Q4 25
$60.5M
Q3 25
$1.9B
$-56.9M
Q2 25
$1.2B
$-68.1M
Q1 25
$1.3B
$-83.1M
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.2B
$19.1M
Q1 24
$830.9M
Total Assets
RNA
RNA
SATL
SATL
Q4 25
$151.3M
Q3 25
$2.1B
$70.9M
Q2 25
$1.4B
$73.8M
Q1 25
$1.5B
$61.4M
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.3B
$76.6M
Q1 24
$951.5M

Cash Flow & Capital Efficiency

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

Metric
RNA
RNA
SATL
SATL
Operating Cash FlowLast quarter
$-156.2M
$-9.5M
Free Cash FlowOCF − Capex
$-156.9M
$-12.8M
FCF MarginFCF / Revenue
-1257.6%
-204.9%
Capex IntensityCapex / Revenue
5.7%
53.6%
Cash ConversionOCF / Net Profit
-0.31×
TTM Free Cash FlowTrailing 4 quarters
$-592.3M
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RNA
RNA
SATL
SATL
Q4 25
$-9.5M
Q3 25
$-156.2M
$-8.4M
Q2 25
$-199.7M
$-4.3M
Q1 25
$-124.8M
$-4.7M
Q4 24
$-99.9M
Q3 24
$-65.6M
Q2 24
$-65.0M
Q1 24
$-70.4M
Free Cash Flow
RNA
RNA
SATL
SATL
Q4 25
$-12.8M
Q3 25
$-156.9M
$-9.7M
Q2 25
$-203.0M
$-5.1M
Q1 25
$-128.6M
$-6.6M
Q4 24
$-103.8M
Q3 24
$-67.3M
Q2 24
$-65.5M
Q1 24
$-71.3M
FCF Margin
RNA
RNA
SATL
SATL
Q4 25
-204.9%
Q3 25
-1257.6%
-267.2%
Q2 25
-5277.1%
-115.3%
Q1 25
-8174.3%
-195.9%
Q4 24
-3491.0%
Q3 24
-2881.8%
Q2 24
-3204.6%
Q1 24
-2012.3%
Capex Intensity
RNA
RNA
SATL
SATL
Q4 25
53.6%
Q3 25
5.7%
36.8%
Q2 25
86.9%
17.5%
Q1 25
238.6%
56.5%
Q4 24
131.7%
Q3 24
72.9%
Q2 24
26.0%
Q1 24
25.8%
Cash Conversion
RNA
RNA
SATL
SATL
Q4 25
-0.31×
Q3 25
-2.11×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RNA
RNA

Segment breakdown not available.

SATL
SATL

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

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