Home / Going-concern warnings / Satellogic Inc.
Filed 2026-03-19 路 Form 10-K 路 Accession 0001874315-26-000013 small
Price before filing: $2.96 (2026-03-18 close, split/dividend-adjusted)
Market cap at flag: $462.3M (2026-03-19) 路 Latest: $578.3M (2026-10-16)
| Window | SATL | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +126.4% | +7.4% | +118.9% | 2026-04-20 |
| 90 days | +108.4% | +12.3% | +96.1% | 2026-06-17 |
| 180 days | +71.3% | +15.1% | +56.2% | 2026-09-15 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $2.9M (3 sales)
30 days after: 2 insiders sold $2.6M (2 sales); 1 insider bought $197K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-28 | CANTOR FITZGERALD, L. P. (+5 joint filers) 10% owner | Sale | 129,971 | $5.56 | $722K | no | Form 4 |
| 2026-01-29 | CANTOR FITZGERALD, L. P. (+5 joint filers) 10% owner | Sale | 388,827 | $5.63 | $2.2M | no | Form 4 |
| 2026-01-30 | CANTOR FITZGERALD, L. P. (+5 joint filers) 10% owner | Sale | 5,575 | $5.55 | $31K | no | Form 4 |
| 2026-03-19: red flag filed | |||||||
| 2026-03-23 | CANTOR FITZGERALD, L. P. (+5 joint filers) See Remarks | Sale | 500,000 | $5.01 | $2.5M | no | Form 4 |
| 2026-03-27 | Dunn Rick Chief Financial Officer | Purchase | 16,695 | $5.91 | $99K | no | Form 4 |
| 2026-03-30 | Dunn Rick Chief Financial Officer | Purchase | 19,050 | $5.17 | $98K | no | Form 4 |
| 2026-03-30 | Tirman Matthew President | Sale | 9,499 | $5.18 | $49K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-19 to 2026-04-18. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Going Concern and Liquidity For the year ended December 31, 2024, the Company disclosed that certain events and conditions raised substantial doubt about its ability to continue as a going concern primarily due to recurring operating losses and limited liquidity."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Ernst & Young LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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