Satlantis earnings grow alongside demand for Earth-observation satellites
Satlantis announced 2025 financial results on Wednesday, reporting revenue of €47.8 million (US$56.4 million) and earnings before interest, taxes, depreciation and amortization of €14.4 million. More than half of the Spanish firm’s income came from sales and operations of small satellites, while optical payloads contributed roughly 30 percent of total revenue. The company’s co‑founder and chief executive, Juan Tomás Hernani, emphasized that the business model centers on payload development rather than platform construction. Satlantis plans to launch the first of five FlexSat Earth‑observation microsatellites in late 2026, expanding its product line with a new Graphium optical payload slated for 2027 that will deliver 50‑centimeter resolution imagery, video capability and nighttime operation.
The firm sources bus structures from Kongsberg NanoAvionics, OHB Sweden, Creotech of Poland and additional suppliers before performing assembly, integration and testing in facilities near Bilbao. In 2025 Satlantis opened a 1,000‑square‑metre laboratory and clean‑room complex, and a larger 13,000‑square‑metre manufacturing plant is scheduled to open on the University of the Basque Country campus in 2028. The company employs 220 staff across Spain, the United Kingdom, France and Florida. Alongside the FlexSat series, Satlantis is developing a portfolio of thermal‑infrared payloads with varying resolutions for missions expected to fly in 2027 and 2028, reinforcing its focus on high‑resolution optical and infrared sensing capabilities.
Satlantis’ growth reflects rising demand for rapid‑revisit Earth‑observation constellations that can host multiple payloads on a single bus. By avoiding vertical integration and collaborating with a range of platform providers, the company leverages external innovations while concentrating resources on payload performance. Customers in Spain, Portugal, the Nordic region and Eastern Europe have already selected Satlantis for missions requiring low latency, precise radiometry, accurate geolocation and spectral band alignment, positioning the firm as a competitive supplier in the expanding European and global EO market.
