Finnish satellite intelligence company Iceye announced its unaudited 2025 financial results, reporting revenue of more than €250 million as demand for sovereign intelligence and space-based monitoring accelerates among governments and security agencies worldwide.
The company said 2025 marked a major inflection point as growth, profitability and cash generation scaled together. Iceye reported EBITDA of more than €100 million, signaling strong operating performance as it expands its satellite constellation and services.
Iceye also reported more than €350 million in cash and over €130 million in cash generated from operations during the year.
The company said its contracted backlog reached €1.5 billion, representing future revenue already secured through long-term contracts. According to Iceye, the backlog reflects sustained sovereign intelligence demand tied to national security priorities rather than cyclical commercial spending.
Iceye said it more than doubled in 2025 and expects to grow at a similar pace in 2026 as governments continue increasing investments in space-based monitoring and defense intelligence capabilities.
Iceye operates the world’s largest synthetic aperture radar satellite constellation, enabling persistent monitoring of any location on Earth regardless of weather conditions or time of day.
Founded and headquartered in Finland, the company employs more than 1,000 people and operates globally with teams across Poland, Spain, the UK, Australia, Japan, the UAE, Greece and the United States.
