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Side-by-side financial comparison of Satellogic Inc. (SATL) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Satellogic Inc. is the larger business by last-quarter revenue ($6.2M vs $3.6M, roughly 1.7× Solid Power, Inc.). Satellogic Inc. produced more free cash flow last quarter ($-12.8M vs $-23.0M).
Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
SATL vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.2M | $3.6M |
| Net Profit | $30.5M | — |
| Gross Margin | — | — |
| Operating Margin | -114.2% | -730.1% |
| Net Margin | 488.0% | — |
| Revenue YoY | — | -18.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.24 | $-0.15 |
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.
| Q4 25 | $6.2M | $3.6M | ||
| Q3 25 | $3.6M | $3.7M | ||
| Q2 25 | $4.4M | $6.5M | ||
| Q1 25 | $3.4M | $6.0M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | $3.5M | $5.1M | ||
| Q1 24 | — | $6.0M |
| Q4 25 | $30.5M | — | ||
| Q3 25 | $4.0M | $-25.9M | ||
| Q2 25 | $-6.7M | $-25.3M | ||
| Q1 25 | $-32.6M | $-15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-22.4M | ||
| Q2 24 | $-18.1M | $-22.3M | ||
| Q1 24 | — | $-21.2M |
| Q4 25 | -114.2% | -730.1% | ||
| Q3 25 | -222.5% | -654.4% | ||
| Q2 25 | -141.6% | -398.9% | ||
| Q1 25 | -280.9% | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | — | -593.2% | ||
| Q2 24 | -419.2% | -530.8% | ||
| Q1 24 | — | -433.1% |
| Q4 25 | 488.0% | — | ||
| Q3 25 | 109.2% | -693.1% | ||
| Q2 25 | -149.8% | -390.7% | ||
| Q1 25 | -961.9% | -251.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -482.0% | ||
| Q2 24 | -517.0% | -438.9% | ||
| Q1 24 | — | -356.2% |
| Q4 25 | $0.24 | $-0.15 | ||
| Q3 25 | $-0.02 | $-0.14 | ||
| Q2 25 | $-0.06 | $-0.14 | ||
| Q1 25 | $-0.34 | $-0.08 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | $-0.20 | $-0.13 | ||
| Q1 24 | — | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $94.4M | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $60.5M | $415.7M |
| Total Assets | $151.3M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.4M | $250.8M | ||
| Q3 25 | $28.3M | $251.2M | ||
| Q2 25 | $32.6M | $230.9M | ||
| Q1 25 | $17.7M | $240.9M | ||
| Q4 24 | — | $118.2M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | $25.6M | $140.5M | ||
| Q1 24 | — | $146.6M |
| Q4 25 | $60.5M | $415.7M | ||
| Q3 25 | $-56.9M | $381.2M | ||
| Q2 25 | $-68.1M | $370.6M | ||
| Q1 25 | $-83.1M | $397.1M | ||
| Q4 24 | — | $410.3M | ||
| Q3 24 | — | $439.4M | ||
| Q2 24 | $19.1M | $456.8M | ||
| Q1 24 | — | $479.4M |
| Q4 25 | $151.3M | $455.1M | ||
| Q3 25 | $70.9M | $416.1M | ||
| Q2 25 | $73.8M | $398.0M | ||
| Q1 25 | $61.4M | $419.4M | ||
| Q4 24 | — | $448.3M | ||
| Q3 24 | — | $470.9M | ||
| Q2 24 | $76.6M | $492.6M | ||
| Q1 24 | — | $516.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.5M | $-18.4M |
| Free Cash FlowOCF − Capex | $-12.8M | $-23.0M |
| FCF MarginFCF / Revenue | -204.9% | -633.0% |
| Capex IntensityCapex / Revenue | 53.6% | 126.5% |
| Cash ConversionOCF / Net Profit | -0.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.3M | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.5M | $-18.4M | ||
| Q3 25 | $-8.4M | $-14.3M | ||
| Q2 25 | $-4.3M | $-14.4M | ||
| Q1 25 | $-4.7M | $-26.3M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | — | $-9.9M | ||
| Q2 24 | — | $-11.1M | ||
| Q1 24 | — | $-29.1M |
| Q4 25 | $-12.8M | $-23.0M | ||
| Q3 25 | $-9.7M | $-14.8M | ||
| Q2 25 | $-5.1M | $-17.1M | ||
| Q1 25 | $-6.6M | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | — | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | -204.9% | -633.0% | ||
| Q3 25 | -267.2% | -397.6% | ||
| Q2 25 | -115.3% | -264.2% | ||
| Q1 25 | -195.9% | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | 53.6% | 126.5% | ||
| Q3 25 | 36.8% | 15.3% | ||
| Q2 25 | 17.5% | 41.5% | ||
| Q1 25 | 56.5% | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
| 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
SATL
| Transferred At Point In Time | $5.7M | 91% |
| Other | $547.0K | 9% |
SLDP
Segment breakdown not available.
