Satellogic Q2 FY26 operating income turns positive at USD 0.3 million; revenue rises 259% year-over-year to USD 15.9 million

• Satellogic revenue rose to $15.9 million, up 259% year-over-year, with GAAP operating income turning positive at $0.3 million.
• GAAP net loss widened to $20 million, including a $19.7 million non-cash fair-value charge tied to Secured Convertible Notes, warrants, earnout liabilities.
• Non-GAAP adjusted EBITDA turned positive at $2.8 million, its first quarter of positive adjusted EBITDA.
• Cash and cash equivalents climbed to $112.8 million, with remaining performance obligations at $80.7 million.

Merlin constellation remained on track for a first launch in Q4 2026, with full operational capability expected in the first half of 2027.