Satellogic (SATL) Operating Expenses (2024 - 2026)
Satellogic's Operating Expenses came in at $15.65 million for Q2 2026, up 45.9% from $10.73 million a year earlier and up 25.5% from the prior quarter.
Powered by 
Analysis
Satellogic (SATL) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Satellogic reported Operating Expenses of $53.22 million, up 1.2% year-over-year; for FY2025, it was $48.73 million, down 25.1% from FY2024.
- Operating Expenses has declined in each of the last three years, though with a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $65.08 million in FY2024 (-18.1%), $79.48 million in FY2023 (-18.0%), $96.88 million in FY2022 (+32.9%) and $72.88 million in FY2021 (+225.3%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q2 2024.
- Year-over-year, Operating Expenses increased in 1 of the last six quarters, with an average decline of 8.9%.
- Business Quant data shows SATL's Operating Expenses at $12.47 million (Q1 2026), $13.38 million (Q4 2025) and $11.72 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 211.54 Bn | 211.54 Bn | - | 13.95 Bn |
| 2 | Bhp | 208.68 Bn | 151.86 Bn | - | - |
| 3 | Bank Of Nova Scotia | 117.74 Bn | -314.71 Bn | - | 3.98 Bn |
| 4 | Nokia | 49.91 Bn | 49.91 Bn | 2.58 Bn | 2.56 Bn |
| 5 | Haleon | 45.07 Bn | 38.69 Bn | - | - |
| 6 | Gold Fields | 32.22 Bn | 28.90 Bn | - | - |
| 7 | Smith & Nephew | 26.13 Bn | 23.52 Bn | - | 1.56 Bn |
| 8 | Sprott Physical Gold Trust | 14.05 Bn | 13.91 Bn | - | 30.00 |
| 9 | Magnum Ice Cream | 11.80 Bn | 10.44 Bn | - | - |
| 10 | Satellogic | 571.51 Mn | 214.09 Mn | 13.10 Mn | 15.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.65 Mn |
| Mar 31, 2026 | 12.47 Mn |
| Dec 31, 2025 | 13.38 Mn |
| Sep 30, 2025 | 11.72 Mn |
| Jun 30, 2025 | 10.73 Mn |
| Mar 31, 2025 | 12.90 Mn |
| Dec 31, 2024 | 14.66 Mn |
| Sep 30, 2024 | 14.31 Mn |
| Jun 30, 2024 | 18.18 Mn |
| Mar 31, 2024 | 17.93 Mn |
API Access
Satellogic Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SATL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SATL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SATL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();