Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 41

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 41
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$3,544 $2,964 $6,165 $5,148 Constellation as a Service ("CaaS")412 412 824 824 Space Systems484 125 838 857 Total revenue$4,440 $3,501 $7,827 $6,829 Information about our revenue by timing is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue by timingOver time$878 $536 $1,633 $1,680 Point-in time3,562 2,965 6,194 5,149 Total revenue$4,440 $3,501 $7,827 $6,829 

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Table of ContentsSATELLOGIC INC. Notes to Condensed Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

Information about our revenue by geography is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue by geography (1)North America$3,407 $2,544 $5,981 $4,179 Europe480 569 934 1,081 Asia Pacific415 385 767 1,565 South America138 3 145 4 Total revenue$4,440 $3,501 $7,827 $6,829 (1) Revenue by geography is based on the geographical location of the customer.Contract Liabilities and Remaining Performance ObligationsOur contract liabilities consist of payments received from customers, or such consideration contractually due, in advance of providing the relevant satellite imagery or related service. Amounts included in Contract liabilities are as follows:June 30,December 31,20252024Current$6,471 $5,871 Total$6,471 $5,871 During the six months ended June 30, 2025, we recognized revenue of $3.0 million that was included as a contract liability as of December 31, 2024. During the six months ended June 30, 2024, we recognized revenue of $3.3 million that was included as a contract liability as of December 31, 2023. The increase in contract liabilities in the six months ended June 30, 2025 was primarily due to collections