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

Semler Scientific, Inc. is the larger business by last-quarter revenue ($7.5M vs $6.2M, roughly 1.2× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs 225.6%, a 262.3% gap on every dollar of revenue.

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

Semler Scientific, Inc. develops, manufactures and distributes non-invasive medical diagnostic devices for chronic disease screening. Its flagship QuantaFlo system delivers fast, accurate peripheral arterial disease testing, serving hospitals, clinics, primary care practices and other healthcare providers primarily in the United States.

SATL vs SMLR — Head-to-Head

Bigger by revenue
SMLR
SMLR
1.2× larger
SMLR
$7.5M
$6.2M
SATL
Higher net margin
SATL
SATL
262.3% more per $
SATL
488.0%
225.6%
SMLR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SATL
SATL
SMLR
SMLR
Revenue
$6.2M
$7.5M
Net Profit
$30.5M
$16.9M
Gross Margin
91.5%
Operating Margin
-114.2%
-72.0%
Net Margin
488.0%
225.6%
Revenue YoY
-44.6%
Net Profit YoY
201.3%
EPS (diluted)
$0.24
$1.07

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
SATL
SATL
SMLR
SMLR
Q4 25
$6.2M
Q3 25
$3.6M
$7.5M
Q2 25
$4.4M
$8.2M
Q1 25
$3.4M
$8.8M
Q4 24
$12.4M
Q3 24
$13.5M
Q2 24
$3.5M
$14.5M
Q1 24
$15.9M
Net Profit
SATL
SATL
SMLR
SMLR
Q4 25
$30.5M
Q3 25
$4.0M
$16.9M
Q2 25
$-6.7M
$66.9M
Q1 25
$-32.6M
$-64.7M
Q4 24
$29.2M
Q3 24
$5.6M
Q2 24
$-18.1M
$11.0K
Q1 24
$6.1M
Gross Margin
SATL
SATL
SMLR
SMLR
Q4 25
Q3 25
91.5%
Q2 25
91.0%
Q1 25
89.4%
Q4 24
91.1%
Q3 24
91.4%
Q2 24
91.3%
Q1 24
92.2%
Operating Margin
SATL
SATL
SMLR
SMLR
Q4 25
-114.2%
Q3 25
-222.5%
-72.0%
Q2 25
-141.6%
-25.0%
Q1 25
-280.9%
-352.0%
Q4 24
28.5%
Q3 24
37.5%
Q2 24
-419.2%
37.0%
Q1 24
43.9%
Net Margin
SATL
SATL
SMLR
SMLR
Q4 25
488.0%
Q3 25
109.2%
225.6%
Q2 25
-149.8%
814.6%
Q1 25
-961.9%
-732.3%
Q4 24
235.3%
Q3 24
41.5%
Q2 24
-517.0%
0.1%
Q1 24
38.2%
EPS (diluted)
SATL
SATL
SMLR
SMLR
Q4 25
$0.24
Q3 25
$-0.02
$1.07
Q2 25
$-0.06
$5.04
Q1 25
$-0.34
$-6.74
Q4 24
$3.63
Q3 24
$0.72
Q2 24
$-0.20
$0.00
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
SATL
SATL
SMLR
SMLR
Cash + ST InvestmentsLiquidity on hand
$94.4M
$10.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$60.5M
$459.7M
Total Assets
$151.3M
$596.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SATL
SATL
SMLR
SMLR
Q4 25
$94.4M
Q3 25
$28.3M
$10.2M
Q2 25
$32.6M
$13.5M
Q1 25
$17.7M
$9.7M
Q4 24
$8.8M
Q3 24
$6.6M
Q2 24
$25.6M
$7.3M
Q1 24
$62.8M
Stockholders' Equity
SATL
SATL
SMLR
SMLR
Q4 25
$60.5M
Q3 25
$-56.9M
$459.7M
Q2 25
$-68.1M
$383.4M
Q1 25
$-83.1M
$161.7M
Q4 24
$230.8M
Q3 24
$85.4M
Q2 24
$19.1M
$78.4M
Q1 24
$77.9M
Total Assets
SATL
SATL
SMLR
SMLR
Q4 25
$151.3M
Q3 25
$70.9M
$596.7M
Q2 25
$73.8M
$522.6M
Q1 25
$61.4M
$293.4M
Q4 24
$239.8M
Q3 24
$92.2M
Q2 24
$76.6M
$84.8M
Q1 24
$83.9M

Cash Flow & Capital Efficiency

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

Metric
SATL
SATL
SMLR
SMLR
Operating Cash FlowLast quarter
$-9.5M
$-33.0M
Free Cash FlowOCF − Capex
$-12.8M
FCF MarginFCF / Revenue
-204.9%
Capex IntensityCapex / Revenue
53.6%
Cash ConversionOCF / Net Profit
-0.31×
-1.95×
TTM Free Cash FlowTrailing 4 quarters
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SATL
SATL
SMLR
SMLR
Q4 25
$-9.5M
Q3 25
$-8.4M
$-33.0M
Q2 25
$-4.3M
$514.0K
Q1 25
$-4.7M
$-1.9M
Q4 24
$7.4M
Q3 24
$6.4M
Q2 24
$4.9M
Q1 24
$5.6M
Free Cash Flow
SATL
SATL
SMLR
SMLR
Q4 25
$-12.8M
Q3 25
$-9.7M
Q2 25
$-5.1M
Q1 25
$-6.6M
Q4 24
$7.4M
Q3 24
Q2 24
$4.9M
Q1 24
$5.6M
FCF Margin
SATL
SATL
SMLR
SMLR
Q4 25
-204.9%
Q3 25
-267.2%
Q2 25
-115.3%
Q1 25
-195.9%
Q4 24
59.8%
Q3 24
Q2 24
33.8%
Q1 24
35.3%
Capex Intensity
SATL
SATL
SMLR
SMLR
Q4 25
53.6%
Q3 25
36.8%
Q2 25
17.5%
Q1 25
56.5%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.3%
Q1 24
0.0%
Cash Conversion
SATL
SATL
SMLR
SMLR
Q4 25
-0.31×
Q3 25
-2.11×
-1.95×
Q2 25
0.01×
Q1 25
Q4 24
0.25×
Q3 24
1.15×
Q2 24
448.55×
Q1 24
0.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SATL
SATL

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

SMLR
SMLR

Segment breakdown not available.

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