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

Satellogic Inc. is the larger business by last-quarter revenue ($6.2M vs $5.2M, roughly 1.2× Xos, Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -186.8%, a 674.8% 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.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

SATL vs XOS — Head-to-Head

Bigger by revenue
SATL
SATL
1.2× larger
SATL
$6.2M
$5.2M
XOS
Higher net margin
SATL
SATL
674.8% more per $
SATL
488.0%
-186.8%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SATL
SATL
XOS
XOS
Revenue
$6.2M
$5.2M
Net Profit
$30.5M
$-9.8M
Gross Margin
-50.5%
Operating Margin
-114.2%
-186.6%
Net Margin
488.0%
-186.8%
Revenue YoY
-54.5%
Net Profit YoY
48.6%
EPS (diluted)
$0.24
$-0.76

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
XOS
XOS
Q4 25
$6.2M
$5.2M
Q3 25
$3.6M
$16.5M
Q2 25
$4.4M
$18.4M
Q1 25
$3.4M
$5.9M
Q4 24
$11.5M
Q3 24
$15.8M
Q2 24
$3.5M
$15.5M
Q1 24
$12.6M
Net Profit
SATL
SATL
XOS
XOS
Q4 25
$30.5M
$-9.8M
Q3 25
$4.0M
$2.1M
Q2 25
$-6.7M
$-7.5M
Q1 25
$-32.6M
$-10.2M
Q4 24
$-19.0M
Q3 24
$-10.5M
Q2 24
$-18.1M
$-9.7M
Q1 24
$-11.0M
Gross Margin
SATL
SATL
XOS
XOS
Q4 25
-50.5%
Q3 25
15.3%
Q2 25
8.8%
Q1 25
20.6%
Q4 24
-32.4%
Q3 24
18.1%
Q2 24
13.1%
Q1 24
22.1%
Operating Margin
SATL
SATL
XOS
XOS
Q4 25
-114.2%
-186.6%
Q3 25
-222.5%
-42.4%
Q2 25
-141.6%
-38.5%
Q1 25
-280.9%
-157.7%
Q4 24
-127.0%
Q3 24
-61.4%
Q2 24
-419.2%
-73.2%
Q1 24
-81.1%
Net Margin
SATL
SATL
XOS
XOS
Q4 25
488.0%
-186.8%
Q3 25
109.2%
12.9%
Q2 25
-149.8%
-40.8%
Q1 25
-961.9%
-173.3%
Q4 24
-165.4%
Q3 24
-66.6%
Q2 24
-517.0%
-62.2%
Q1 24
-87.1%
EPS (diluted)
SATL
SATL
XOS
XOS
Q4 25
$0.24
$-0.76
Q3 25
$-0.02
$0.22
Q2 25
$-0.06
$-0.91
Q1 25
$-0.34
$-1.26
Q4 24
$-2.34
Q3 24
$-1.32
Q2 24
$-0.20
$-1.23
Q1 24
$-1.80

Balance Sheet & Financial Strength

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

Metric
SATL
SATL
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$94.4M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$60.5M
$23.3M
Total Assets
$151.3M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SATL
SATL
XOS
XOS
Q4 25
$94.4M
$14.0M
Q3 25
$28.3M
$14.1M
Q2 25
$32.6M
$8.8M
Q1 25
$17.7M
$4.8M
Q4 24
$11.0M
Q3 24
$8.4M
Q2 24
$25.6M
$19.7M
Q1 24
$46.2M
Stockholders' Equity
SATL
SATL
XOS
XOS
Q4 25
$60.5M
$23.3M
Q3 25
$-56.9M
$31.1M
Q2 25
$-68.1M
$18.3M
Q1 25
$-83.1M
$24.8M
Q4 24
$33.6M
Q3 24
$50.8M
Q2 24
$19.1M
$59.2M
Q1 24
$67.8M
Total Assets
SATL
SATL
XOS
XOS
Q4 25
$151.3M
$60.4M
Q3 25
$70.9M
$73.8M
Q2 25
$73.8M
$80.3M
Q1 25
$61.4M
$87.7M
Q4 24
$98.3M
Q3 24
$120.5M
Q2 24
$76.6M
$123.4M
Q1 24
$135.0M

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
XOS
XOS
Operating Cash FlowLast quarter
$-9.5M
$2.4M
Free Cash FlowOCF − Capex
$-12.8M
FCF MarginFCF / Revenue
-204.9%
Capex IntensityCapex / Revenue
53.6%
0.0%
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
SATL
SATL
XOS
XOS
Q4 25
$-9.5M
$2.4M
Q3 25
$-8.4M
$3.1M
Q2 25
$-4.3M
$4.6M
Q1 25
$-4.7M
$-4.8M
Q4 24
$3.3M
Q3 24
$-11.5M
Q2 24
$-26.0M
Q1 24
$-14.6M
Free Cash Flow
SATL
SATL
XOS
XOS
Q4 25
$-12.8M
Q3 25
$-9.7M
Q2 25
$-5.1M
Q1 25
$-6.6M
Q4 24
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
SATL
SATL
XOS
XOS
Q4 25
-204.9%
Q3 25
-267.2%
Q2 25
-115.3%
Q1 25
-195.9%
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
SATL
SATL
XOS
XOS
Q4 25
53.6%
0.0%
Q3 25
36.8%
0.0%
Q2 25
17.5%
0.0%
Q1 25
56.5%
0.0%
Q4 24
0.0%
Q3 24
0.9%
Q2 24
0.8%
Q1 24
0.2%
Cash Conversion
SATL
SATL
XOS
XOS
Q4 25
-0.31×
Q3 25
-2.11×
1.45×
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
SATL

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

XOS
XOS

Segment breakdown not available.

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