Mind Technology vs Satellogic
Mind Technology is the larger business, with $40.9m of revenue in fiscal 2026 against $17.7m for Satellogic (2.3 times as much). Satellogic grew faster (37.6% against -12.6%). Mind Technology kept more of each dollar of sales as profit: a net margin of 1.8% against -27.0%.
| Latest fiscal year | Mind TechnologyMIND, 2026 | SatellogicSATL, 2025 |
|---|---|---|
| Revenue | $40.9m | $17.7m |
| Revenue growth | -12.6% | 37.6% |
| Net income | $750,000 | −$4.8m |
| Operating margin | — | -175.2% |
| Net margin | 1.8% | -27.0% |
| Return on equity | 2.2% | -127.6% |
| Free cash flow | $1.9m | −$34.3m |
| Cash | $19.1m | $94.4m |
| Total debt | — | $56.1m |
| Debt to equity | — | 92.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 157 | 154 |
| Market value | $35.4m | $493m |
| Price vs our value range | — | — |
| Moat score | 27 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 3 buys, 22 sales |