Satellogic Q4 revenue up 94% to $6.2M; introduces fully funded Merlin constellation for Oct 2026 launch

Satellogic Inc.

Q4 2025 revenue $6.2M (+94% YoY); FY2025 revenue $17.7M (+38% YoY).
Net income Q4 $30.5M vs loss $70.9M YoY; FY net loss improved to $4.8M from $116.3M.
Non-GAAP Adjusted EBITDA loss improved 48% YoY to $17.4M for FY2025.
Merlin constellation fully funded by $30M customer contract; first launch Oct 2026, FOC H1 2027.
Cash $94.4M at Dec 31, 2025; $35M registered direct offering closed Jan 2026.

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