SATLANTIS DUPLICATES PROFIT AND VOLUME IN 2025

Building the new generation of space talents

SATLANTIS reaches a record audited revenue of 47.8M€ in 2025 after securing major contracts across Europe.

The company has seen a surge in demand for its proprietary optical technology, which enables Earth Observation satellites to continuously acquire images while a satellite aggressively manoeuvres. This concept is defined as FlexSats (for Flexible Satellite) meaning for instance that a 400km border of irregular profile can be imaged in one single pass with one single satellite through agile manoeuvring, instead of requiring several passes over several days as would typically be the case for conventional satellites.

At their core, the optical payloads developed by us operate at very-high imaging frame rates, allowing it to decouple the image quality from the stability of the satellite platform.

Following KPMG’s audit, the company has achieved an 80% growth compared to 2024.

Consolidated operating income reached 47.8M€ in 2025, and reported EBITDA was 14.4M€. Operating Cash Flow for the year exceeded 16M€, with a cash position of more than 46M€ as of 31 December 2025, meaning that it has no additional needs for funding in the near future. The company targets >70M€ in revenues in 2026, and the forecast is to surpass 100M€ by 2027.

The team today consists of more than 220 people; ~160 people are based out the HQ in Bilbao Spain, SuperSharp in Cambridge, UK employs ~40 people and the rest are based out of the offices in Gainesville, FL and France.

In terms of revenue mix, the largest business share corresponds to mission-ready satellites with more than 50% of the total income, payloads represent 30% of the company’s sales while the remainder comes from institutional projects.

For mission-ready satellites, SATLANTIS relies on longtime European partners such as Kongsberg NanoAvionics, OHB Sweden, Creotech and a few additional suppliers of platforms, with two facilities for spacecraft Assembly, Integration and Testing (AIT) in Bilbao, including a new space of 1,000 m² with clean rooms and labs for larger satellites.

Last year the company commissioned five microsatellite platforms for a new-generation of Earth Observation FlexSats, the first of which will be launched in Q4 2026.

SATLANTIS’ leadership in sub-1metre multispectral cameras is due to the iSIM-170 payload, a binocular instrument of less than 20kg that delivers multispectral imagery (VNIR to SWIR, Video and Polarimetry) from LEO orbits. The increased demand translates into a backlog of more 24 payloads to be delivered within the next 12 months. To meet this ramp up, Satlantis expanded its production facilities in the summer of last year with an additional aforementioned 1,000m² of clean rooms and lab space in Bilbao, Spain.

Last month, we signed the construction of Satlantis Factory, a new facility of 13,000 m² at the University campus of Bilbao, which is expected to be operational in early 2028.

Graphium, the new Very-High Resolution (VHR) technology for 2027, is ready for qualification after the initial optomechanical alignment and proximity electronics deployment. This marks a shift towards even higher resolution with a new segment starting at 50cm spatial resolution and beyond from LEO, mixing night vision and video in a single optomechanical tube. The project started as an ESA mission.

Additionally, the company is developing a portfolio of Thermal InfraRed (TIR) payloads of varying resolutions from 3m to 7m to 25m, all of which have an assigned launch date within 2027-28.

“We deliver the drones of Space with extremely accurate imaging through FlexSats, the frontier satellites. This ingredient is an essential component of any effective revisit, any efficient monitoring of particular geometries, totally compatible with much larger satellites. In Earth Observation, operational missions mean reliable and repeatable, meaning extreme image geolocation accuracy, radiometric precision, latency and super band alignment. Countries like Spain and Portugal or some Nordic & Eastern European nations have trusted Satlantis to deliver this capability” said Juan Tomas Hernani, co-founder and CEO of SATLANTIS.