ICEYE Smashes Its Own Revenue Projections

ICEYE Smashes Its Own Revenue Projections

ICEYE is rolling in it. The SAR satellite operator released its financial results for 2025 this week, revealing a massively successful year for a business that found itself in the right place at the right time. The Finnish firm’s revenue more than doubled compared with 2024, exceeding the company’s own projections by 25%. The growth was a result of the company having a long-time offering of SAR sat imagery to catch a wave of demand driven by qui…

Iceye's 2025 financials: Revenue $294M, will double this year; $153M in operating cash flow; $1.76B in backlog

LA PLATA, Maryland — Radar satellite hardware and service provider Iceye Oy of Finland reported 2025 revenue of more than 250 million euros ($294 million), in line with its previous forecasts, with EBITDA over 100 million euros and a contracted backlog of 1.5 billion euros. In a March 12 statement, Iceye said it expected 2026 revenue to exceed 500 million euros as it continues its growth. The shifting geopolitical environment, including the US g…