PerpEquities

Equity

Satellogic Inc. (SATL) perpetual futures

SATL perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SATLUSDT.

Satellogic Inc. tracked across crypto venues with normalized contract specifications.

$5.56-4.0%NASDAQ closed
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Collecting venue price data...
venue perp mark · Bitget (SATL/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$37.3K
Open interest
$62K
Best liquidity
-
Tightest spread
+16.2 bps
Bitget
Highest volume
$37.3K
Bitget
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $20.2M
OI / float
+0.01%
Float $415.2M
Spot performance
1D-4.01%
5D+0.36%
1M-3.67%
6M+11.09%
YTD+194.65%
1Y+47.33%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeSATL/USDTTrading$5.560.0% APR
0.000% every 8h
+16.2 bps-$37.3K$62KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

SATL

Highest volume

SATL

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$756.4M
Updated 1h ago
Revenue
$31.9M
Trailing 12 months
Revenue growth
+165%
Next fiscal year
Profit margin
-325.6%
P/E
-9.0
Peer P/E -2.9
Free cash flow
-$42.2M
Trailing 12 months
More metrics
Net income
-$103.9M
Trailing 12 months
P/S
23.7
Peer P/E
-2.9
Similar listed perps
Revenue estimate
$47M
Next fiscal year
Earnings
2026-11-09
Revenue est. $12.4M · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$17.7M
Net margin-27.0%
Free cash flow-$34.3M
Net debt-$31M
2020$0
2021$4.2M
2022$6M
2023$10.1M
2024$12.9M
2025$17.7M
PeriodRevenueGrowthNet incomeFCF
2020$0--$21.5M-$26.6M
2021$4.2M--$96.3M-$39.7M
2022$6M+42%-$36.6M-$95.7M
2023$10.1M+68%-$61M-$64.5M
2024$12.9M+28%-$116.3M-$40.9M
2025$17.7M+38%-$4.8M-$34.3M
PeriodGross marginOperating marginNet marginROEROA
20200.0%0.0%0.0%+18.4%-39.4%
2021+55.8%-1,616.1%-2,267.6%+40.2%-192.9%
2022+45.4%-1,511.4%-609.5%-34.5%-25.5%
2023+49.8%-688.9%-605.7%-118.1%-79.9%
2024+61.0%-405.6%-903.4%+219.2%-188.5%
2025+28.8%-175.2%-27.0%-7.9%-3.2%
PeriodCashDebtNet debtCurrent ratio
2020$17.3M$160.3M$143M0.14
2021$8.5M$111.5M$103M0.04
2022$76.5M$8.2M-$68.3M2.70
2023$23.5M$3.9M-$19.5M1.24
2024$22.5M$79.9M$57.5M0.80
2025$94.4M$63.4M-$31M5.12
PeriodMarket capEnterprise valueP/SP/E
2020$498.3M$641.4M0.0-4.4
2021$667.6M$770.6M157.2-6.9
2022$253.7M$185.4M42.2-6.9
2023$156.7M$137.2M15.6-2.6
2024$259.8M$317.3M20.2-2.2
2025$204.1M$173M11.5-42.7
Q3 2024$3M
Q4 2024$3M
Q1 2025$3.4M
Q2 2025$4.4M
Q3 2025$3.6M
Q4 2025$6.2M
Q1 2026$6.1M
Q2 2026$15.9M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$3M+153%-$41.5M-$9.4M
Q4 2024$3M-47%-$41.5M-$4.3M
Q1 2025$3.4M+2%-$32.6M-$6.6M
Q2 2025$4.4M+27%-$6.7M-$5.1M
Q3 2025$3.6M+20%$4M-$9.7M
Q4 2025$6.2M+107%$30.5M-$12.8M
Q1 2026$6.1M+80%-$118.3M-$5.4M
Q2 2026$15.9M+259%-$20M-$14.3M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+59.1%-379.6%-1,373.8%+78.2%-67.3%
Q4 2024+59.1%-379.6%-1,373.8%+78.2%-67.3%
Q1 2025+63.5%-280.9%-961.9%+39.2%-53.1%
Q2 2025+73.2%-141.6%-149.8%+9.8%-9.0%
Q3 2025+67.8%-222.5%+109.2%-7.0%+5.6%
Q4 2025+79.5%-114.2%+488.0%+50.4%+20.1%
Q1 2026+76.2%-104.2%-1,937.2%+463.4%-62.9%
Q2 2026+82.3%+1.7%-125.9%-59.2%-10.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$22.5M$79.9M$57.5M0.80
Q4 2024$22.5M$79.9M$57.5M0.80
Q1 2025$17.7M$103.4M$85.7M0.58
Q2 2025$32.6M$104.3M$71.7M0.98
Q3 2025$28.3M$95.3M$67M1.08
Q4 2025$94.4M$63.4M-$31M5.12
Q1 2026$128.9M$149.7M$20.8M2.44
Q2 2026$112.8M$96.5M-$16.3M2.34
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$94.3M$151.8M31.2-0.6
Q4 2024$259.8M$317.3M86.0-1.6
Q1 2025$345.1M$430.7M101.9-2.6
Q2 2025$373.6M$445.4M84.1-14.0
Q3 2025$347.6M$414.6M95.721.9
Q4 2025$204.1M$173M32.71.5
Q1 2026$766.7M$787.5M125.5-1.6
Q2 2026$861.4M$845.1M54.1-11.0

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$15.9MQ2 2026
$4M$8M$11.9M$15.9MQ3 2023: $1.2MQ4 2023: $5.7MQ1 2024: $3.3MQ2 2024: $3.5MQ3 2024: $3MQ4 2024: $3MQ1 2025: $3.4MQ2 2025: $4.4MQ3 2025: $3.6MQ4 2025: $6.2MQ1 2026: $6.1MQ2 2026: $15.9MQ3 2023Q2 2026
Net income-$20MQ2 2026
-$81.1M-$43.9M-$6.7M$30.5MQ3 2023: -$17.6MQ4 2023: -$13.5MQ1 2024: -$15.2MQ2 2024: -$18.1MQ3 2024: -$41.5MQ4 2024: -$41.5MQ1 2025: -$32.6MQ2 2025: -$6.7MQ3 2025: $4MQ4 2025: $30.5MQ1 2026: -$118.3MQ2 2026: -$20MQ3 2023Q2 2026
EBITDA-$17MQ2 2026
-$79.6M-$42.4M-$5.2M$32.1MQ3 2023: -$12.7MQ4 2023: -$11.7MQ1 2024: -$11.8MQ2 2024: -$14.6MQ3 2024: -$8.1MQ4 2024: -$8.1MQ1 2025: -$29.2MQ2 2025: -$4.8MQ3 2025: $5.6MQ4 2025: $32.1MQ1 2026: -$116.9MQ2 2026: -$17MQ3 2023Q2 2026
Free cash flow-$14.3MQ2 2026
-$12M-$8M-$4MQ3 2023: -$12.2MQ4 2023: -$16MQ1 2024: -$12.1MQ2 2024: -$15.2MQ3 2024: -$9.4MQ4 2024: -$4.3MQ1 2025: -$6.6MQ2 2025: -$5.1MQ3 2025: -$9.7MQ4 2025: -$12.8MQ1 2026: -$5.4MQ2 2026: -$14.3MQ3 2023Q2 2026
EPS-$0.13Q2 2026
-$0.57-$0.3-$0.03$0.24Q3 2023: -$0.2Q4 2023: -$0.15Q1 2024: -$0.18Q2 2024: -$0.2Q3 2024: -$0.45Q4 2024: -$0.45Q1 2025: -$0.34Q2 2025: -$0.06Q3 2025: $0.03Q4 2025: $0.24Q1 2026: -$0.84Q2 2026: -$0.13Q3 2023Q2 2026
Cash / Debt$112.8MQ2 2026
$37.4M$74.9M$112.3M$149.7MQ3 2023 · Cash: $31MQ3 2023 · Debt: $9.7MQ4 2023 · Cash: $23.5MQ4 2023 · Debt: $3.9MQ1 2024 · Cash: $25.6MQ1 2024 · Debt: $39.2MQ2 2024 · Cash: $25.6MQ2 2024 · Debt: $39.2MQ3 2024 · Cash: $22.5MQ3 2024 · Debt: $79.9MQ4 2024 · Cash: $22.5MQ4 2024 · Debt: $79.9MQ1 2025 · Cash: $17.7MQ1 2025 · Debt: $103.4MQ2 2025 · Cash: $32.6MQ2 2025 · Debt: $104.3MQ3 2025 · Cash: $28.3MQ3 2025 · Debt: $95.3MQ4 2025 · Cash: $94.4MQ4 2025 · Debt: $63.4MQ1 2026 · Cash: $128.9MQ1 2026 · Debt: $149.7MQ2 2026 · Cash: $112.8MQ2 2026 · Debt: $96.5MQ3 2023Q2 2026
CashDebt
Profitability+82.3%Q2 2026
-1,330.9%-724.6%-118.3%+488.0%Q3 2023 · Gross margin: -440.6%Q4 2023 · Gross margin: +66.7%Q1 2024 · Gross margin: +60.8%Q2 2024 · Gross margin: +64.3%Q3 2024 · Gross margin: +59.1%Q4 2024 · Gross margin: +59.1%Q1 2025 · Gross margin: +63.5%Q2 2025 · Gross margin: +73.2%Q3 2025 · Gross margin: +67.8%Q4 2025 · Gross margin: +79.5%Q1 2026 · Gross margin: +76.2%Q2 2026 · Gross margin: +82.3%Q3 2023 · Operating margin: -1,518.1%Q4 2023 · Operating margin: -262.3%Q1 2024 · Operating margin: -438.6%Q2 2024 · Operating margin: -419.2%Q3 2024 · Operating margin: -379.6%Q4 2024 · Operating margin: -379.6%Q1 2025 · Operating margin: -280.9%Q2 2025 · Operating margin: -141.6%Q3 2025 · Operating margin: -222.5%Q4 2025 · Operating margin: -114.2%Q1 2026 · Operating margin: -104.2%Q2 2026 · Operating margin: +1.7%Q3 2023 · Net margin: -1,473.2%Q4 2023 · Net margin: -237.9%Q1 2024 · Net margin: -456.1%Q2 2024 · Net margin: -517.0%Q3 2024 · Net margin: -1,373.8%Q4 2024 · Net margin: -1,373.8%Q1 2025 · Net margin: -961.9%Q2 2025 · Net margin: -149.8%Q3 2025 · Net margin: +109.2%Q4 2025 · Net margin: +488.0%Q1 2026 · Net margin: -1,937.2%Q2 2026 · Net margin: -125.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+258.5%Q2 2026
+29.4%+105.8%+182.2%+258.5%Q3 2024: +152.6%Q4 2024: -47.0%Q1 2025: +1.8%Q2 2025: +26.8%Q3 2025: +20.3%Q4 2025: +106.8%Q1 2026: +80.3%Q2 2026: +258.5%Q3 2023Q2 2026
Shares outstanding150.6MQ2 2026
37.6M75.3M112.9M150.6MQ3 2023: 89.7MQ4 2023: 89.7MQ1 2024: 90.5MQ2 2024: 90.7MQ3 2024: 91.8MQ4 2024: 91.2MQ1 2025: 96.7MQ2 2025: 103.2MQ3 2025: 131MQ4 2025: 134.1MQ1 2026: 140.9MQ2 2026: 150.6MQ3 2023Q2 2026
Valuation-11.0Q2 2026
20.955.890.7125.5Q3 2023 · P/E: -1.5Q4 2023 · P/E: -2.9Q1 2024 · P/E: -2.1Q2 2024 · P/E: -1.3Q3 2024 · P/E: -0.6Q4 2024 · P/E: -1.6Q1 2025 · P/E: -2.6Q2 2025 · P/E: -14.0Q3 2025 · P/E: 21.9Q4 2025 · P/E: 1.5Q1 2026 · P/E: -1.6Q2 2026 · P/E: -11.0Q3 2023 · P/S: 87.8Q4 2023 · P/S: 27.6Q1 2024 · P/S: 43.0Q2 2024 · P/S: 26.7Q3 2024 · P/S: 31.2Q4 2024 · P/S: 86.0Q1 2025 · P/S: 101.9Q2 2025 · P/S: 84.1Q3 2025 · P/S: 95.7Q4 2025 · P/S: 32.7Q1 2026 · P/S: 125.5Q2 2026 · P/S: 54.1Q3 2023Q2 2026
P/EP/S
Revenue$17.7M2025
$4.4M$8.9M$13.3M$17.7M2019: $02020: $02021: $4.2M2022: $6M2023: $10.1M2024: $12.9M2025: $17.7M20192025
Net income-$4.8M2025
-$87.2M-$58.1M-$29.1M2019: -$20.8M2020: -$21.5M2021: -$96.3M2022: -$36.6M2023: -$61M2024: -$116.3M2025: -$4.8M20192025
EBITDA-$23.3M2025
-$75.5M-$50.3M-$25.2M2019: -$16.5M2020: -$19.4M2021: -$77.1M2022: -$16.1M2023: -$34.6M2024: -$100.7M2025: -$23.3M20192025
Free cash flow-$34.3M2025
-$71.8M-$47.9M-$23.9M2019: -$22.4M2020: -$26.6M2021: -$39.7M2022: -$95.7M2023: -$64.5M2024: -$40.9M2025: -$34.3M20192025
EPS-$0.182025
-$1.69-$1.13-$0.572019: -$0.32020: -$2.262021: -$1.42022: -$0.442023: -$0.682024: -$1.282025: -$0.1820192025
Cash / Debt$94.4M2025
$40.1M$80.1M$120.2M$160.3M2019 · Cash: $24.6M2019 · Debt: $49.1M2020 · Cash: $17.3M2020 · Debt: $160.3M2021 · Cash: $8.5M2021 · Debt: $111.5M2022 · Cash: $76.5M2022 · Debt: $8.2M2023 · Cash: $23.5M2023 · Debt: $3.9M2024 · Cash: $22.5M2024 · Debt: $79.9M2025 · Cash: $94.4M2025 · Debt: $63.4M20192025
CashDebt
Profitability+28.8%2025
-1,685.5%-1,103.3%-521.2%+61.0%2019 · Gross margin: 0.0%2020 · Gross margin: 0.0%2021 · Gross margin: +55.8%2022 · Gross margin: +45.4%2023 · Gross margin: +49.8%2024 · Gross margin: +61.0%2025 · Gross margin: +28.8%2019 · Operating margin: 0.0%2020 · Operating margin: 0.0%2021 · Operating margin: -1,616.1%2022 · Operating margin: -1,511.4%2023 · Operating margin: -688.9%2024 · Operating margin: -405.6%2025 · Operating margin: -175.2%2019 · Net margin: 0.0%2020 · Net margin: 0.0%2021 · Net margin: -2,267.6%2022 · Net margin: -609.5%2023 · Net margin: -605.7%2024 · Net margin: -903.4%2025 · Net margin: -27.0%20192025
Gross marginOperating marginNet margin
Revenue growth+37.6%2025
+16.9%+33.8%+50.7%+67.6%2022: +41.6%2023: +67.6%2024: +27.8%2025: +37.6%20192025
Shares outstanding134.1M2025
33.5M67.1M100.6M134.1M2019: 68.8M2020: 50.3M2021: 68.8M2022: 83.8M2023: 89.5M2024: 91.2M2025: 134.1M20192025
Valuation-42.72025
7.357.2107.2157.22019 · P/E: -33.02020 · P/E: -4.42021 · P/E: -6.92022 · P/E: -6.92023 · P/E: -2.62024 · P/E: -2.22025 · P/E: -42.72019 · P/S: 0.02020 · P/S: 0.02021 · P/S: 157.22022 · P/S: 42.22023 · P/S: 15.62024 · P/S: 20.22025 · P/S: 11.520192025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-09
Revenue est. $12.4M · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.99$47M+165%3
FY 2027-0.04$63.8M+260%4
FY 20280.06$94.6M+434%2
FY 20290.06$121M+583%1
FY 20300.16$154.2M+771%1
Q2 2026-0.02$9.6M+116%3

Company events

6
2026-11-09EarningsActual - / Estimate -0.01-
2026-08-05EarningsActual -0.13 / Estimate -0.03Miss
2026-05-11EarningsActual -0.84 / Estimate -0.05Miss
2026-03-19EarningsActual 0.17 / Estimate -0.06Beat
2025-11-10EarningsActual -0.02 / Estimate -0.04Beat
2025-08-12EarningsActual -0.06 / Estimate --

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering SATL have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings2626
Analysts66
Buy / hold / sell25 / 1 / 025 / 1 / 0
Upgrades / downgrades / initiations1 / 1 / 31 / 1 / 3
Price targets hit / missed4 / 18 (18%)4 / 18 (18%)
Avg. return after a rating (TipRanks)-30.1%-30.1%
Best / worst call+10.2% / -49.9%+10.2% / -49.9%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 16, 2026Michael LatimoreNorthland SecuritiesBuyMaintained$11.00
Sep 8, 2026Suji DesilvaRoth MKMBuyMaintained$10.00
Aug 6, 2026Michael LatimoreNorthland SecuritiesBuyReiterated$11.00
Aug 6, 2026Jeff Van RheeCraig-HallumBuyMaintained$10.00
Aug 5, 2026Andres SheppardCantor FitzgeraldBuyReiterated$9.00

TipRanks data via FMP · computed Sep 23, 2026 · 26 ratings

Frequently asked questions

Where can I trade SATL perpetual futures?

Satellogic Inc. (SATL) perpetual futures trade on 1 crypto venues, including Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade SATL around the clock?

Yes. Unlike the underlying stock, SATL perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on SATL perpetuals?

Right now the SATL perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the SATL perp price compare to the Satellogic Inc. stock?

The venue-median SATL perp mark is $5.56 versus a reference stock price of $5.56, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a SATL perpetual future?

A SATL perpetual is a derivative that tracks the price of Satellogic Inc. with no expiry date. It lets you take long or short exposure to Satellogic Inc. on crypto venues, around the clock.

What is SATLUSDT perpetual?

SATLUSDT is the symbol most crypto exchanges use for the Satellogic Inc. perpetual settled in USDT (Tether). It tracks the SATL share price through an index, trades 24/7 with leverage and never expires.

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