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

XCF Global, Inc. is the larger business by last-quarter revenue ($9.6M vs $6.2M, roughly 1.5× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -131.0%, a 619.0% gap on every dollar of revenue.

SAFX vs SATL — Head-to-Head

Bigger by revenue
SAFX
SAFX
1.5× larger
SAFX
$9.6M
$6.2M
SATL
Higher net margin
SATL
SATL
619.0% more per $
SATL
488.0%
-131.0%
SAFX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SAFX
SAFX
SATL
SATL
Revenue
$9.6M
$6.2M
Net Profit
$-12.5M
$30.5M
Gross Margin
35.0%
Operating Margin
-90.3%
-114.2%
Net Margin
-131.0%
488.0%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.08
$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
SAFX
SAFX
SATL
SATL
Q4 25
$6.2M
Q3 25
$9.6M
$3.6M
Q2 25
$4.4M
Q1 25
$3.4M
Q2 24
$3.5M
Net Profit
SAFX
SAFX
SATL
SATL
Q4 25
$30.5M
Q3 25
$-12.5M
$4.0M
Q2 25
$-6.7M
Q1 25
$-32.6M
Q2 24
$-18.1M
Gross Margin
SAFX
SAFX
SATL
SATL
Q4 25
Q3 25
35.0%
Q2 25
Q1 25
Q2 24
Operating Margin
SAFX
SAFX
SATL
SATL
Q4 25
-114.2%
Q3 25
-90.3%
-222.5%
Q2 25
-141.6%
Q1 25
-280.9%
Q2 24
-419.2%
Net Margin
SAFX
SAFX
SATL
SATL
Q4 25
488.0%
Q3 25
-131.0%
109.2%
Q2 25
-149.8%
Q1 25
-961.9%
Q2 24
-517.0%
EPS (diluted)
SAFX
SAFX
SATL
SATL
Q4 25
$0.24
Q3 25
$-0.08
$-0.02
Q2 25
$-0.06
Q1 25
$-0.34
Q2 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
SAFX
SAFX
SATL
SATL
Cash + ST InvestmentsLiquidity on hand
$879.2K
$94.4M
Total DebtLower is stronger
$122.8M
Stockholders' EquityBook value
$5.2M
$60.5M
Total Assets
$408.7M
$151.3M
Debt / EquityLower = less leverage
23.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAFX
SAFX
SATL
SATL
Q4 25
$94.4M
Q3 25
$879.2K
$28.3M
Q2 25
$32.6M
Q1 25
$17.7M
Q2 24
$25.6M
Total Debt
SAFX
SAFX
SATL
SATL
Q4 25
Q3 25
$122.8M
Q2 25
Q1 25
Q2 24
Stockholders' Equity
SAFX
SAFX
SATL
SATL
Q4 25
$60.5M
Q3 25
$5.2M
$-56.9M
Q2 25
$-68.1M
Q1 25
$-83.1M
Q2 24
$19.1M
Total Assets
SAFX
SAFX
SATL
SATL
Q4 25
$151.3M
Q3 25
$408.7M
$70.9M
Q2 25
$73.8M
Q1 25
$61.4M
Q2 24
$76.6M
Debt / Equity
SAFX
SAFX
SATL
SATL
Q4 25
Q3 25
23.55×
Q2 25
Q1 25
Q2 24

Cash Flow & Capital Efficiency

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

Metric
SAFX
SAFX
SATL
SATL
Operating Cash FlowLast quarter
$-13.8M
$-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
SAFX
SAFX
SATL
SATL
Q4 25
$-9.5M
Q3 25
$-13.8M
$-8.4M
Q2 25
$-4.3M
Q1 25
$-4.7M
Q2 24
Free Cash Flow
SAFX
SAFX
SATL
SATL
Q4 25
$-12.8M
Q3 25
$-9.7M
Q2 25
$-5.1M
Q1 25
$-6.6M
Q2 24
FCF Margin
SAFX
SAFX
SATL
SATL
Q4 25
-204.9%
Q3 25
-267.2%
Q2 25
-115.3%
Q1 25
-195.9%
Q2 24
Capex Intensity
SAFX
SAFX
SATL
SATL
Q4 25
53.6%
Q3 25
36.8%
Q2 25
17.5%
Q1 25
56.5%
Q2 24
Cash Conversion
SAFX
SAFX
SATL
SATL
Q4 25
-0.31×
Q3 25
-2.11×
Q2 25
Q1 25
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SAFX
SAFX

Segment breakdown not available.

SATL
SATL

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

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