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BlackSky Technology Inc. (BKSY) 10-Year Financial Performance & Capital Metrics

BKSY • • Industrial / General
TechnologyTech Hardware & EquipmentCommunications & Defense ElectronicsDefense & Aerospace Electronics
AboutBlackSky Technology Inc. provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operations of satellite and ground systems to commercial and government customers worldwide. The company processes a range of observations from its constellation, as well as various space, internet-of-things, and terrestrial based sensors and data feeds. Its products are used in government defense and intelligence; commercial, construction, and industrial; and catastrophe, climate, and environment applications. The company was incorporated in 2014 and is headquartered in Herndon, Virginia.Show more
  • Revenue $102M +8.0%
  • EBITDA -$169K +98.6%
  • Net Income -$57M -6.2%
  • EPS (Diluted) -2.67 +16.0%
  • Gross Margin 73.13% +13.8%
  • EBITDA Margin -0.17% +98.7%
  • Operating Margin -43.38% +26.8%
  • Net Margin -56.05% +1.7%
  • ROE -61.15% -22.1%
  • ROIC -19.26% +27.7%
  • Debt/Equity 1.24 +32.5%
  • Interest Coverage -3.63 +39.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 93 (top 7%)
  • ✓Strong 5Y sales CAGR of 49.4%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 26.6% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y49.41%
3Y44.15%
TTM-5.13%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-113.56%

EPS CAGR

10Y-
5Y-
3Y-
TTM-25.93%

ROCE

10Y Avg-48.91%
5Y Avg-44.02%
3Y Avg-28.16%
Latest-20.86%

Peer Comparison

Defense & Aerospace Electronics
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ESEESCO Technologies Inc.5.5B212.5118.406.68%25.76%19.14%2.98%0.15
MINDMIND Technology, Inc.101.5M11.2317.5528.36%6.61%7.64%0.21%0.05
SATLSatellogic Inc.457.08M3.66-2.8627.75%-5.3%
MTEKMaris-Tech Ltd.12.03M1.49-9.3150.8%-39.33%-115.85%0.18
BKSYBlackSky Technology Inc.995.2M27.65-10.368.04%-87.3%-97.54%1.24

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+13.71M21.14M34.09M65.35M94.49M102.09M
Revenue Growth %-0.54%0.61%0.92%0.45%0.08%
Cost of Goods Sold+11.5M23.87M34.75M35.83M33.78M27.43M
COGS % of Revenue0.84%1.13%1.02%0.55%0.36%0.27%
Gross Profit+2.22M-2.73M-663K29.52M60.71M74.66M
Gross Margin %0.16%-0.13%-0.02%0.45%0.64%0.73%
Gross Profit Growth %--2.23%0.76%45.53%1.06%0.23%
Operating Expenses+48.46M38.66M119.48M116.07M116.69M118.95M
OpEx % of Revenue3.53%1.83%3.51%1.78%1.23%1.17%
Selling, General & Admin33.86M21.42M85.24M78.85M72.62M74.58M
SG&A % of Revenue2.47%1.01%2.5%1.21%0.77%0.73%
Research & Development1.1M7.45M1.53M1.56M1.68M2.3M
R&D % of Revenue0.08%0.35%0.04%0.02%0.02%0.02%
Other Operating Expenses13.5M9.8M32.71M35.66M42.39M42.07M
Operating Income+-46.25M-41.4M-120.14M-86.55M-55.98M-44.29M
Operating Margin %-3.37%-1.96%-3.52%-1.32%-0.59%-0.43%
Operating Income Growth %-0.1%-1.9%0.28%0.35%0.21%
EBITDA+-39.35M-31.59M-105.84M-49.21M-11.67M-169K
EBITDA Margin %-2.87%-1.49%-3.11%-0.75%-0.12%-0%
EBITDA Growth %-0.2%-2.35%0.54%0.76%0.99%
D&A (Non-Cash Add-back)6.9M9.8M14.31M37.34M44.31M44.12M
EBIT-39.64M-42.52M-238.83M-69.45M-43.88M-44.66M
Net Interest Income+-13.69M-5.2M-52.88M-4.31M-7.24M-10.63M
Interest Income0001.12M2.06M1.56M
Interest Expense13.69M5.2M52.88M5.43M9.31M12.19M
Other Income/Expense-13.74M-6.33M-123.85M11.67M2.79M-12.56M
Pretax Income+-59.98M-47.72M-243.99M-74.88M-53.19M-56.85M
Pretax Margin %-4.37%-2.26%-7.16%-1.15%-0.56%-0.56%
Income Tax+0000673K370K
Effective Tax Rate %1.1%0.41%1.01%0.99%1.01%1.01%
Net Income+-66.14M-19.54M-245.64M-74.17M-53.86M-57.22M
Net Margin %-4.82%-0.92%-7.21%-1.13%-0.57%-0.56%
Net Income Growth %-0.7%-11.57%0.7%0.27%-0.06%
Net Income (Continuing)-59.98M-47.72M-243.99M-74.88M-53.86M-57.22M
Discontinued Operations-6.16M28.18M-1.65M707K00
Minority Interest000000
EPS (Diluted)+-1.89-4.25-27.12-5.04-3.18-2.67
EPS Growth %--1.25%-5.38%0.81%0.37%0.16%
EPS (Basic)-1.89-4.27-26.94-5.04-3.18-2.67
Diluted Shares Outstanding3.82M4.6M9.06M14.73M16.93M21.44M
Basic Shares Outstanding3.82M4.58M9.12M14.73M16.93M21.44M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+65.86M18.24M178.68M88.53M79.33M106.74M
Cash & Short-Term Investments31.71M5.1M165.59M72.16M52.51M52.46M
Cash Only31.71M5.1M165.59M34.18M32.81M13.06M
Short-Term Investments00037.98M19.7M39.41M
Accounts Receivable4.33M6.7M4.31M8.82M22.28M42.55M
Days Sales Outstanding115.2115.6946.1249.2586.08152.13
Inventory000006.04M
Days Inventory Outstanding-----80.41
Other Current Assets27.69M5.47M2.52M7.55M4.54M5.68M
Total Non-Current Assets+97.5M101.68M127.09M145.56M144.74M147.41M
Property, Plant & Equipment10.97M83.52M110.65M126.12M124.72M130.24M
Fixed Asset Turnover1.25x0.25x0.31x0.52x0.76x0.78x
Goodwill9.39M9.39M9.39M9.39M9.39M10.26M
Intangible Assets5.18M3.83M2.48M1.92M1.36M5.45M
Long-Term Investments4.23M3.28M4M5.29M00
Other Non-Current Assets67.73M1.66M560K2.84M9.26M1.46M
Total Assets+163.36M119.92M305.76M234.09M224.07M254.15M
Asset Turnover0.08x0.18x0.11x0.28x0.42x0.40x
Asset Growth %--0.27%1.55%-0.23%-0.04%0.13%
Total Current Liabilities+100.3M55.44M30.54M26.93M27.49M26.02M
Accounts Payable3.01M4.18M1.72M2.42M2.32M8.24M
Days Payables Outstanding95.5963.8818.124.6625.05109.63
Short-Term Debt41.2M16.74M0001.93M
Deferred Revenue (Current)01000K1000K1000K1000K1000K
Other Current Liabilities50.63M7.39M2.77M256K244K182K
Current Ratio0.66x0.33x5.85x3.29x2.89x4.10x
Quick Ratio0.66x0.33x5.85x3.29x2.89x3.87x
Cash Conversion Cycle-----122.92
Total Non-Current Liabilities+81.36M97.28M95.61M85.29M103.42M134.13M
Long-Term Debt78.81M84.87M71.41M76.22M83.5M105.74M
Capital Lease Obligations0003.13M3.04M8.05M
Deferred Tax Liabilities000000
Other Non-Current Liabilities2.54M9.86M23.63M5.83M16.87M20.35M
Total Liabilities181.66M152.73M126.14M112.22M130.91M160.16M
Total Debt+120.1M101.66M71.46M79.88M87.16M116.49M
Net Debt88.39M96.56M-94.13M45.7M54.35M103.43M
Debt / Equity--0.40x0.66x0.94x1.24x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-3.38x-7.96x-2.27x-15.95x-6.02x-3.63x
Total Equity+-18.3M-32.81M179.62M121.87M93.16M93.99M
Equity Growth %--0.79%6.47%-0.32%-0.24%0.01%
Book Value per Share-4.79-7.1319.838.275.504.38
Total Shareholders' Equity-18.3M-32.81M179.62M121.87M93.16M93.99M
Common Stock2K3K11K12K2K3K
Retained Earnings-203.8M-223.98M-470.91M-545.11M-598.97M-656.19M
Treasury Stock-12.5M00000
Accumulated OCI000000
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-286.57K-31.67M-53.87M-44.46M-17.42M-6.38M
Operating CF Margin %-0.02%-1.5%-1.58%-0.68%-0.18%-0.06%
Operating CF Growth %--109.53%-0.7%0.17%0.61%0.63%
Net Income-7.21M-47.72M-243.99M-75.05M-53.86M-57.22M
Depreciation & Amortization6.9M9.8M14.31M37.3M44.31M44.12M
Stock-Based Compensation3.35M042.57M20.02M10.86M11.17M
Deferred Taxes-1.36K00-13.75M00
Other Non-Cash Items-3.39M-12.03M139M1.25M568K10.72M
Working Capital Changes72.41K18.27M-5.76M-14.24M-19.31M-15.18M
Change in Receivables-722K-2.37M2.33M-461K-20.44M-12.76M
Change in Inventory541.76K00-3.42M00
Change in Payables180.24K2.48M0-74K3.32M-4.08M
Cash from Investing+-316.25M-9.77M-63.61M-81.58M-15.21M-68.33M
Capital Expenditures-481K-18.38M-1.27M-11.68M-43.72M-15.68M
CapEx % of Revenue0.04%0.87%0.04%0.18%0.46%0.15%
Acquisitions------
Investments------
Other Investing481K8.61M-62.65M-33.36M-9.43M-34.56M
Cash from Financing+317.58M3.44M275.02M-5.05M29.05M55.66M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-93.43M-147K-6.24M-5.1M-895K45.35M
Net Change in Cash------
Free Cash Flow+-767.57K-50.05M-55.15M-56.13M-61.14M-22.06M
FCF Margin %-0.06%-2.37%-1.62%-0.86%-0.65%-0.22%
FCF Growth %--64.21%-0.1%-0.02%-0.09%0.64%
FCF per Share-0.20-10.88-6.09-3.81-3.61-1.03
FCF Conversion (FCF/Net Income)0.00x1.62x0.22x0.60x0.32x0.11x
Interest Paid00378K0989K0
Taxes Paid0000460K0

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---334.65%-49.2%-50.09%-61.15%
Return on Invested Capital (ROIC)--46.39%-120.76%-51.3%-26.65%-19.26%
Gross Margin16.16%-12.92%-1.95%45.18%64.25%73.13%
Net Margin-482.35%-92.43%-720.68%-113.5%-57%-56.05%
Debt / Equity--0.40x0.66x0.94x1.24x
Interest Coverage-3.38x-7.96x-2.27x-15.95x-6.02x-3.63x
FCF Conversion0.00x1.62x0.22x0.60x0.32x0.11x
Revenue Growth-54.12%61.27%91.73%44.59%8.04%

Revenue by Segment

202120222023
Imagery8.65M34.24M54.63M
Imagery Growth-295.95%59.54%
Professional Services-8.56M16.82M
Professional Services Growth--96.47%
Engineering Services-9.37M12.28M
Engineering Services Growth--31.00%
Data, Software and Analytics16.4M13.17M10.76M
Data, Software and Analytics Growth--19.67%-18.31%
Engineering and Integration9.04M--
Engineering and Integration Growth---

Revenue by Geography

202120222023
UNITED STATES29.56M54.05M60.02M
UNITED STATES Growth-82.87%11.05%
Asia1.3M6.25M25.06M
Asia Growth-380.46%301.18%
Middle East2.66M3.46M8.38M
Middle East Growth-29.99%142.41%
Other Geographic Area567K1.59M1.03M
Other Geographic Area Growth-180.95%-35.59%

Frequently Asked Questions

Growth & Financials

BlackSky Technology Inc. (BKSY) reported $101.7M in revenue for fiscal year 2024. This represents a 642% increase from $13.7M in 2019.

BlackSky Technology Inc. (BKSY) grew revenue by 8.0% over the past year. This is steady growth.

BlackSky Technology Inc. (BKSY) reported a net loss of $88.8M for fiscal year 2024.

Dividend & Returns

BlackSky Technology Inc. (BKSY) has a return on equity (ROE) of -61.1%. Negative ROE indicates the company is unprofitable.

BlackSky Technology Inc. (BKSY) had negative free cash flow of $41.7M in fiscal year 2024, likely due to heavy capital investments.

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