Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 39

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 39
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 $0.4 million was recognized over time and $2.4 million was recognized at a point in time.During the nine months ended September 30, 2025, we recognized revenue of $11.5 million, of which $2.5 million was recognized over time and $9.0 million was recognized at a point in time. During the nine months ended September 30, 2024, we recognized revenue of $9.6 million, of which $2.1 million was recognized over time and $7.5 million was recognized at a point in time. In November 2021, the Company entered a 5-year noncancellable agreement with a technology company by which the customer receives $4.0 million in credits to purchase imagery each year. The Company recognizes revenue as images are delivered to the customer. The customer pays the Company in non-cash consideration in the form of a license to a proprietary software platform, which the Company uses in its internal operations. For the three months ended September 30, 2025 and 2024, we recognized $1.0 million and $1.4 million of revenue from this customer, respectively. For the nine months ended September 30, 2025 and 2024, we recognized $3.3 million and $4.3 million of revenue from this customer, respectively.  Disaggregation of revenueInformation about our revenue by business line is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue by business lineAsset Monitoring$2,742 $2,405 $8,907 $7,553 Constellation as a Service ("CaaS")412 412 1,236 1,236 Space Systems479 — 1,317 857 Total revenue$3,633 $2,817 $11,460 $9,646 Information about our revenue by timing is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue by timingOver time$879 $412 $2,512 $2,092 Point-in time2,754 2,405 8,948 7,554 Total revenue$3,633 $2,817 $11,460 $9,646 

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Table of ContentsSATELLOGIC INC. Notes to