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Side-by-side financial comparison of Satellogic Inc. (SATL) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $6.2M, roughly 2.0× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs 19.9%, a 468.1% 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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
SATL vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.2M | $12.2M |
| Net Profit | $30.5M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | -114.2% | — |
| Net Margin | 488.0% | 19.9% |
| Revenue YoY | — | 31.5% |
| Net Profit YoY | — | 128.2% |
| EPS (diluted) | $0.24 | $0.01 |
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 | $12.2M | ||
| Q3 25 | $3.6M | $66.7M | ||
| Q2 25 | $4.4M | $59.9M | ||
| Q1 25 | $3.4M | $77.1M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | $3.5M | $53.6M | ||
| Q1 24 | — | $78.1M | ||
| Q4 23 | — | $-48.3M |
| Q4 25 | $30.5M | $2.4M | ||
| Q3 25 | $4.0M | $10.2M | ||
| Q2 25 | $-6.7M | $26.5M | ||
| Q1 25 | $-32.6M | $-6.7M | ||
| Q3 24 | — | $-820.0K | ||
| Q2 24 | $-18.1M | $-23.5M | ||
| Q1 24 | — | $-2.9M | ||
| Q4 23 | — | $-25.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% | ||
| Q4 23 | — | — |
| Q4 25 | -114.2% | — | ||
| Q3 25 | -222.5% | 23.3% | ||
| Q2 25 | -141.6% | 20.8% | ||
| Q1 25 | -280.9% | -8.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | -419.2% | -43.5% | ||
| Q1 24 | — | -3.0% | ||
| Q4 23 | — | — |
| Q4 25 | 488.0% | 19.9% | ||
| Q3 25 | 109.2% | 15.3% | ||
| Q2 25 | -149.8% | 44.2% | ||
| Q1 25 | -961.9% | -8.7% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | -517.0% | -43.9% | ||
| Q1 24 | — | -3.7% | ||
| Q4 23 | — | 52.8% |
| Q4 25 | $0.24 | $0.01 | ||
| Q3 25 | $-0.02 | $0.08 | ||
| Q2 25 | $-0.06 | $0.24 | ||
| Q1 25 | $-0.34 | $-0.06 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | $-0.20 | $-0.21 | ||
| Q1 24 | — | $-0.03 | ||
| Q4 23 | — | $-0.24 |
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 | $81.2M |
| Total DebtLower is stronger | — | $33.7M |
| Stockholders' EquityBook value | $60.5M | $299.9M |
| Total Assets | $151.3M | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.4M | $81.2M | ||
| Q3 25 | $28.3M | $82.6M | ||
| Q2 25 | $32.6M | $60.0M | ||
| Q1 25 | $17.7M | $15.1M | ||
| Q3 24 | — | $28.7M | ||
| Q2 24 | $25.6M | $29.7M | ||
| Q1 24 | — | $26.7M | ||
| Q4 23 | — | $30.3M |
| Q4 25 | — | $33.7M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $39.1M | ||
| Q1 25 | — | $39.2M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M | ||
| Q4 23 | — | $48.1M |
| Q4 25 | $60.5M | $299.9M | ||
| Q3 25 | $-56.9M | $295.4M | ||
| Q2 25 | $-68.1M | $284.3M | ||
| Q1 25 | $-83.1M | $248.3M | ||
| Q3 24 | — | $274.4M | ||
| Q2 24 | $19.1M | $275.2M | ||
| Q1 24 | — | $296.2M | ||
| Q4 23 | — | $299.6M |
| Q4 25 | $151.3M | $423.1M | ||
| Q3 25 | $70.9M | $418.4M | ||
| Q2 25 | $73.8M | $403.7M | ||
| Q1 25 | $61.4M | $377.1M | ||
| Q3 24 | — | $417.8M | ||
| Q2 24 | $76.6M | $425.4M | ||
| Q1 24 | — | $458.4M | ||
| Q4 23 | — | $464.0M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× | ||
| Q4 23 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | $-12.8M | — |
| FCF MarginFCF / Revenue | -204.9% | — |
| Capex IntensityCapex / Revenue | 53.6% | 90.8% |
| Cash ConversionOCF / Net Profit | -0.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.5M | — | ||
| Q3 25 | $-8.4M | $24.4M | ||
| Q2 25 | $-4.3M | — | ||
| Q1 25 | $-4.7M | $-6.4M | ||
| Q3 24 | — | $4.3M | ||
| Q2 24 | — | $5.7M | ||
| Q1 24 | — | $-50.0K | ||
| Q4 23 | — | $-1.5M |
| Q4 25 | $-12.8M | — | ||
| Q3 25 | $-9.7M | $22.6M | ||
| Q2 25 | $-5.1M | — | ||
| Q1 25 | $-6.6M | $-8.9M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $-1.9M | ||
| Q4 23 | — | $-2.2M |
| Q4 25 | -204.9% | — | ||
| Q3 25 | -267.2% | 33.9% | ||
| Q2 25 | -115.3% | — | ||
| Q1 25 | -195.9% | -11.6% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -2.5% | ||
| Q4 23 | — | 4.6% |
| Q4 25 | 53.6% | 90.8% | ||
| Q3 25 | 36.8% | 2.7% | ||
| Q2 25 | 17.5% | 4.6% | ||
| Q1 25 | 56.5% | 3.3% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.4% | ||
| Q4 23 | — | -1.6% |
| Q4 25 | -0.31× | — | ||
| Q3 25 | -2.11× | 2.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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% |
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
