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BlackSky Technology Inc.(BKSY)Earnings, Financials & Key Ratios
BKSY•NYSE
$35.96
$1.1B mkt cap·Price updated May 6, 2026
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$107M+4.4%
- EBITDA-$55M-32437.3%
- Net Income-$70M-22.8%
- EPS (Diluted)-2.09+21.7%
- EBITDA Margin-51.6%-31075.6%
- Net Margin-65.93%-17.6%
- ROE-74.4%-21.7%
- Debt/Equity0.16-86.8%
BKSY Key Insights
BlackSky Technology Inc. (BKSY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 94 (top 6%)
- ✓Strong 5Y sales CAGR of 38.2%
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 56.6% in last year
- ✗Expensive at 12.7x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BKSY Price & Volume
BlackSky Technology Inc. (BKSY) stock price & volume — 10-year historical chart
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BKSY Growth Metrics
BlackSky Technology Inc. (BKSY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years38.21%
3 Years17.71%
TTM4.39%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-22.79%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM30.31%
Return on Capital
10 Years-48.91%
5 Years-38.8%
3 Years-24.29%
Last Year-
BKSY Recent Earnings
BlackSky Technology Inc. (BKSY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 3/12 qtrs (25%)
Q1 2026Latest
Feb 26, 2026EPS
$0.19
Est $0.25
+24.0%
Revenue
$35M
Est $37M
-5.1%
Q4 2025
Nov 6, 2025EPS
$0.35
Est $0.37
+5.4%
Revenue
$20M
Est $37M
-47.2%
Q3 2025
Aug 7, 2025EPS
$0.52
Est $0.49
-6.1%
Revenue
$22M
Est $30M
-24.8%
Q2 2025
May 8, 2025EPS
$0.42
Est $0.47
+10.6%
Revenue
$30M
Est $29M
+1.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.19vs $0.25+24.0% | $35Mvs $37M-5.1% |
| Q4 2025 | Nov 6, 2025 | $0.35vs $0.37+5.4% | $20Mvs $37M-47.2% |
| Q3 2025 | Aug 7, 2025 | $0.52vs $0.49-6.1% | $22Mvs $30M-24.8% |
| Q2 2025 | May 8, 2025 | $0.42vs $0.47+10.6% | $30Mvs $29M+1.0% |
Based on last 12 quarters of dataView full earnings history →
BKSY Peer Comparison
BlackSky Technology Inc. (BKSY) competitors in Space and Satellite Imaging Systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SATL | 938.54M | 7.00 | -38.87 | 37.58% | -19.41% | -91.73% | 1.05 | |
 ASTS | 18.69B | 63.87 | -47.66 | 15.05% | -482.16% | -21.06% | 0.01 | |
 SPIR | 541.04B | 16.46 | 10.22 | -35.22% | -349.6% | -88.38% | 0.08 | |
 PL | 10.85B | 37.13 | -46.41 | 25.94% | -80.22% | -69.61% | 0.53% | 2.45 |
 BA | 176.88B | 224.38 | 90.48 | 34.49% | 2.46% | 289.7% | 9.97 | |
 LMT | 117.31B | 509.03 | 23.69 | 5.65% | 6.38% | 74.53% | 5.89% | 3.23 |
 NOC | 79.34B | 558.60 | 19.21 | 2.24% | 10.8% | 28.05% | 4.17% | 1.18 |
 RKLB | 45.35B | 78.76 | -212.86 | 37.96% | -32.94% | -19.23% | 0.15 |
Compare BKSY vs Peers
BlackSky Technology Inc. (BKSY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BKSY Income Statement
BlackSky Technology Inc. (BKSY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 13.71M | 21.14M | 34.09M | 65.35M | 94.49M | 102.09M | 106.58M |
| Revenue Growth % | - | 54.12% | 61.27% | 91.73% | 44.59% | 8.04% | 4.39% |
| Cost of Goods Sold | 11.5M | 23.87M | 34.75M | 35.83M | 33.78M | 27.43M | 0 |
| COGS % of Revenue | 83.84% | 112.92% | 101.95% | 54.82% | 35.75% | 26.87% | - |
| Gross Profit | 2.22M▲ 0% | -2.73M▼ 223.2% | -663K▲ 75.7% | 29.52M▲ 4552.9% | 60.71M▲ 105.6% | 74.66M▲ 23.0% | 0▼ 100.0% |
| Gross Margin % | 16.16% | -12.92% | -1.95% | 45.18% | 64.25% | 73.13% | - |
| Gross Profit Growth % | - | -223.24% | 75.72% | 4552.94% | 105.64% | 22.98% | -100% |
| Operating Expenses | 48.46M | 38.66M | 119.48M | 116.07M | 116.69M | 118.95M | 87.83M |
| OpEx % of Revenue | 353.42% | 182.94% | 350.54% | 177.62% | 123.49% | 116.51% | 82.41% |
| Selling, General & Admin | 33.86M | 21.42M | 85.24M | 78.85M | 72.62M | 74.58M | 87.4M |
| SG&A % of Revenue | 246.93% | 101.33% | 250.07% | 120.65% | 76.85% | 73.05% | 82.01% |
| Research & Development | 1.1M | 7.45M | 1.53M | 1.56M | 1.68M | 2.3M | 433K |
| R&D % of Revenue | 8.01% | 35.23% | 4.49% | 2.39% | 1.78% | 2.25% | 0.41% |
| Other Operating Expenses | 13.5M | 9.8M | 32.71M | 35.66M | 42.39M | 42.07M | 0 |
| Operating Income | -46.25M▲ 0% | -41.4M▲ 10.5% | -120.14M▼ 190.2% | -86.55M▲ 28.0% | -55.98M▲ 35.3% | -44.29M▲ 20.9% | 0▲ 100.0% |
| Operating Margin % | -337.26% | -195.86% | -352.48% | -132.44% | -59.24% | -43.38% | - |
| Operating Income Growth % | - | 10.49% | -190.24% | 27.96% | 35.32% | 20.89% | 100% |
| EBITDA | -39.35M | -31.59M | -105.84M | -49.21M | -11.67M | -169K | -54.99M |
| EBITDA Margin % | -286.96% | -149.48% | -310.51% | -75.3% | -12.35% | -0.17% | -51.6% |
| EBITDA Growth % | - | 19.72% | -235.01% | 53.5% | 76.29% | 98.55% | -32437.28% |
| D&A (Non-Cash Add-back) | 6.9M | 9.8M | 14.31M | 37.34M | 44.31M | 44.12M | 30.34M |
| EBIT | -39.64M | -42.52M | -238.83M | -69.45M | -43.88M | -44.66M | 0 |
| Net Interest Income | -13.69M | -5.2M | -52.88M | -4.31M | -7.24M | -10.63M | 0 |
| Interest Income | 0 | 0 | 0 | 1.12M | 2.06M | 1.56M | 3.8M |
| Interest Expense | 13.69M | 5.2M | 52.88M | 5.43M | 9.31M | 12.19M | -14.95M |
| Other Income/Expense | -13.74M | -6.33M | -123.85M | 11.67M | 2.79M | -12.56M | 0 |
| Pretax Income | -59.98M▲ 0% | -47.72M▲ 20.4% | -243.99M▼ 411.3% | -74.88M▲ 69.3% | -53.19M▲ 29.0% | -56.85M▼ 6.9% | -70.14M▼ 23.4% |
| Pretax Margin % | -437.43% | -225.79% | -715.84% | -114.58% | -56.29% | -55.68% | -65.81% |
| Income Tax | 0 | 0 | 0 | 0 | 673K | 370K | -125K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -1.27% | -0.65% | 0.18% |
| Net Income | -66.14M▲ 0% | -19.54M▲ 70.5% | -245.64M▼ 1157.5% | -74.17M▲ 69.8% | -53.86M▲ 27.4% | -57.22M▼ 6.2% | -70.26M▼ 22.8% |
| Net Margin % | -482.35% | -92.43% | -720.68% | -113.5% | -57% | -56.05% | -65.93% |
| Net Income Growth % | - | 70.47% | -1157.45% | 69.8% | 27.39% | -6.24% | -22.79% |
| Net Income (Continuing) | -59.98M | -47.72M | -243.99M | -74.88M | -53.86M | -57.22M | -70.26M |
| Discontinued Operations | -6.16M | 28.18M | -1.65M | 707K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.89▲ 0% | -4.25▼ 124.9% | -27.12▼ 538.1% | -5.04▲ 81.4% | -3.18▲ 36.9% | -2.67▲ 16.0% | -2.09▲ 21.7% |
| EPS Growth % | - | -124.87% | -538.12% | 81.42% | 36.9% | 16.04% | 21.72% |
| EPS (Basic) | -1.89 | -4.27 | -26.94 | -5.04 | -3.18 | -2.67 | -2.09 |
| Diluted Shares Outstanding | 3.82M | 4.6M | 9.06M | 14.73M | 16.93M | 21.44M | 33.58M |
| Basic Shares Outstanding | 3.82M | 4.58M | 9.12M | 14.73M | 16.93M | 21.44M | 33.58M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
BKSY Balance Sheet
BlackSky Technology Inc. (BKSY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 65.86M | 18.24M | 178.68M | 88.53M | 79.33M | 106.74M | 207.83M |
| Cash & Short-Term Investments | 31.71M | 5.1M | 165.59M | 72.16M | 52.51M | 52.46M | 124.45M |
| Cash Only | 31.71M | 5.1M | 165.59M | 34.18M | 32.81M | 13.06M | 42.45M |
| Short-Term Investments | 0 | 0 | 0 | 37.98M | 19.7M | 39.41M | 82.01M |
| Accounts Receivable | 4.33M | 6.7M | 4.31M | 8.82M | 22.28M | 42.55M | 37.65M |
| Days Sales Outstanding | 115.2 | 115.69 | 46.12 | 49.25 | 86.08 | 152.13 | 128.94 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 6.04M | 6.18M |
| Days Inventory Outstanding | - | - | - | - | - | 80.41 | - |
| Other Current Assets | 27.69M | 5.47M | 2.52M | 7.55M | 4.54M | 5.68M | 39.56M |
| Total Non-Current Assets | 97.5M | 101.68M | 127.09M | 145.56M | 144.74M | 147.41M | 179.45M |
| Property, Plant & Equipment | 10.97M | 83.52M | 110.65M | 126.12M | 124.72M | 130.24M | 82.45M |
| Fixed Asset Turnover | 1.25x | 0.25x | 0.31x | 0.52x | 0.76x | 0.78x | 1.29x |
| Goodwill | 9.39M | 9.39M | 9.39M | 9.39M | 9.39M | 10.26M | 10.28M |
| Intangible Assets | 5.18M | 3.83M | 2.48M | 1.92M | 1.36M | 5.45M | 4.42M |
| Long-Term Investments | 4.23M | 3.28M | 4M | 5.29M | 0 | 0 | 0 |
| Other Non-Current Assets | 67.73M | 1.66M | 560K | 2.84M | 9.26M | 1.46M | 82.3M |
| Total Assets | 163.36M▲ 0% | 119.92M▼ 26.6% | 305.76M▲ 155.0% | 234.09M▼ 23.4% | 224.07M▼ 4.3% | 254.15M▲ 13.4% | 387.29M▲ 52.4% |
| Asset Turnover | 0.08x | 0.18x | 0.11x | 0.28x | 0.42x | 0.40x | 0.28x |
| Asset Growth % | - | -26.6% | 154.98% | -23.44% | -4.28% | 13.42% | 52.39% |
| Total Current Liabilities | 100.3M | 55.44M | 30.54M | 26.93M | 27.49M | 26.02M | 60.5M |
| Accounts Payable | 3.01M | 4.18M | 1.72M | 2.42M | 2.32M | 8.24M | 0 |
| Days Payables Outstanding | 95.59 | 63.88 | 18.1 | 24.66 | 25.05 | 109.63 | - |
| Short-Term Debt | 41.2M | 16.74M | 49K | 0 | 0 | 1.93M | 7.94M |
| Deferred Revenue (Current) | 0 | 14.54M | 11.27M | 6.78M | 3.67M | 2.18M | 9.95M |
| Other Current Liabilities | 50.63M | 7.39M | 2.72M | 256K | 244K | 182K | 42.62M |
| Current Ratio | 0.66x | 0.33x | 5.85x | 3.29x | 2.89x | 4.10x | 3.44x |
| Quick Ratio | 0.66x | 0.33x | 5.85x | 3.29x | 2.89x | 3.87x | 3.33x |
| Cash Conversion Cycle | - | - | - | - | - | 122.92 | - |
| Total Non-Current Liabilities | 81.36M | 97.28M | 95.61M | 85.29M | 103.42M | 134.13M | 231.91M |
| Long-Term Debt | 78.81M | 84.87M | 71.41M | 76.22M | 83.5M | 105.74M | 7.58M |
| Capital Lease Obligations | 0 | 0 | 0 | 3.13M | 3.04M | 8.05M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.54M | 9.86M | 23.63M | 5.83M | 16.87M | 20.35M | 224.33M |
| Total Liabilities | 181.66M | 152.73M | 126.14M | 112.22M | 130.91M | 160.16M | 292.41M |
| Total Debt | 120.1M | 101.66M | 71.46M | 79.88M | 87.16M | 116.49M | 15.52M |
| Net Debt | 88.39M | 96.56M | -94.13M | 45.7M | 54.35M | 103.43M | -26.93M |
| Debt / Equity | - | - | 0.40x | 0.66x | 0.94x | 1.24x | 0.16x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | -3.38x | -7.96x | -2.27x | -15.95x | -6.02x | -3.63x | - |
| Total Equity | -18.3M▲ 0% | -32.81M▼ 79.4% | 179.62M▲ 647.4% | 121.87M▼ 32.1% | 93.16M▼ 23.6% | 93.99M▲ 0.9% | 94.88M▲ 0.9% |
| Equity Growth % | - | -79.36% | 647.4% | -32.15% | -23.56% | 0.89% | 0.94% |
| Book Value per Share | -4.79 | -7.13 | 19.83 | 8.27 | 5.50 | 4.38 | 2.83 |
| Total Shareholders' Equity | -18.3M | -32.81M | 179.62M | 121.87M | 93.16M | 93.99M | 94.88M |
| Common Stock | 2K | 3K | 11K | 12K | 2K | 3K | 4K |
| Retained Earnings | -203.8M | -223.98M | -470.91M | -545.11M | -598.97M | -656.19M | -726.45M |
| Treasury Stock | -12.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BKSY Cash Flow Statement
BlackSky Technology Inc. (BKSY) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -286.57K | -31.67M | -53.87M | -44.46M | -17.42M | -6.38M | -28.31M |
| Operating CF Margin % | -2.09% | -149.87% | -158.05% | -68.03% | -18.44% | -6.25% | -26.56% |
| Operating CF Growth % | - | -10952.64% | -70.08% | 17.48% | 60.81% | 63.35% | -343.47% |
| Net Income | -7.21M | -47.72M | -243.99M | -75.05M | -53.86M | -57.22M | -70.26M |
| Depreciation & Amortization | 6.9M | 9.8M | 14.31M | 37.3M | 44.31M | 44.12M | 30.95M |
| Stock-Based Compensation | 3.35M | 1.98M | 42.57M | 20.02M | 10.86M | 11.17M | 14.23M |
| Deferred Taxes | -1.36K | 0 | 0 | -13.75M | 0 | 0 | 0 |
| Other Non-Cash Items | -3.39M | -14.01M | 139M | 1.25M | 568K | 10.72M | -3.24M |
| Working Capital Changes | 72.41K | 18.27M | -5.76M | -14.24M | -19.31M | -15.18M | 0 |
| Change in Receivables | -722K | -2.37M | 2.33M | -461K | -20.44M | -12.76M | -22.98M |
| Change in Inventory | 541.76K | 0 | 0 | -3.42M | 0 | 0 | 0 |
| Change in Payables | 180.24K | 2.48M | 2.54M | -74K | 3.32M | -4.08M | -9.38M |
| Cash from Investing | -316.25M | -9.77M | -63.61M | -81.58M | -15.21M | -68.33M | -86.59M |
| Capital Expenditures | -481K | -18.38M | -1.27M | -11.68M | -43.72M | -15.68M | -16.21M |
| CapEx % of Revenue | 3.51% | 86.95% | 3.71% | 17.87% | 46.26% | 15.36% | 15.21% |
| Acquisitions | 0 | 0 | 302K | 804K | 9.45M | 541K | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 481K | 8.61M | -62.65M | -33.36M | -9.43M | -34.56M | -30.35M |
| Cash from Financing | 317.58M | 3.44M | 275.02M | -5.05M | 29.05M | 55.66M | 144.08M |
| Debt Issued (Net) | 93.33M | 3.56M | 36.37M | 0 | 31.36M | 10M | 0 |
| Equity Issued (Net) | 1000K | 30K | 1000K | 47K | -1000K | 308K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -93.43M | -147K | -6.24M | -5.1M | -895K | 45.35M | 144.08M |
| Net Change in Cash | 1.04M▲ 0% | 9.49M▲ 811.1% | 157.53M▲ 1560.1% | -131.09M▼ 183.2% | -3.58M▲ 97.3% | -19.06M▼ 432.0% | 29.17M▲ 253.1% |
| Free Cash Flow | -767.57K▲ 0% | -50.05M▼ 6420.7% | -55.15M▼ 10.2% | -56.13M▼ 1.8% | -61.14M▼ 8.9% | -22.06M▲ 63.9% | -44.52M▼ 101.8% |
| FCF Margin % | -5.6% | -236.82% | -161.79% | -85.9% | -64.7% | -21.61% | -41.78% |
| FCF Growth % | - | -6420.67% | -10.18% | -1.79% | -8.91% | 63.91% | -101.81% |
| FCF per Share | -0.20 | -10.88 | -6.09 | -3.81 | -3.61 | -1.03 | -1.33 |
| FCF Conversion (FCF/Net Income) | 0.00x | 1.62x | 0.22x | 0.60x | 0.32x | 0.11x | 0.40x |
| Interest Paid | 0 | 0 | 378K | 0 | 989K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 460K | 0 | 0 |
BKSY Key Ratios
BlackSky Technology Inc. (BKSY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -334.65% | -49.2% | -50.09% | -61.15% | -74.4% |
| Return on Invested Capital (ROIC) | - | -46.39% | -120.76% | -51.3% | -26.65% | -19.26% | - |
| Gross Margin | 16.16% | -12.92% | -1.95% | 45.18% | 64.25% | 73.13% | - |
| Net Margin | -482.35% | -92.43% | -720.68% | -113.5% | -57% | -56.05% | -65.93% |
| Debt / Equity | - | - | 0.40x | 0.66x | 0.94x | 1.24x | 0.16x |
| Interest Coverage | -3.38x | -7.96x | -2.27x | -15.95x | -6.02x | -3.63x | - |
| FCF Conversion | 0.00x | 1.62x | 0.22x | 0.60x | 0.32x | 0.11x | 0.40x |
| Revenue Growth | - | 54.12% | 61.27% | 91.73% | 44.59% | 8.04% | 4.39% |
BKSY SEC Filings & Documents
BlackSky Technology Inc. (BKSY) SEC filings — annual & quarterly reports (10-K, 10-Q)
BKSY Frequently Asked Questions
BlackSky Technology Inc. (BKSY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
BlackSky Technology Inc. (BKSY) reported $106.6M in revenue for fiscal year 2025. This represents a 677% increase from $13.7M in 2019.
BlackSky Technology Inc. (BKSY) grew revenue by 4.4% over the past year. Growth has been modest.
BlackSky Technology Inc. (BKSY) reported a net loss of $70.3M for fiscal year 2025.
Dividend & Returns
BlackSky Technology Inc. (BKSY) has a return on equity (ROE) of -74.4%. Negative ROE indicates the company is unprofitable.
BlackSky Technology Inc. (BKSY) had negative free cash flow of $44.5M in fiscal year 2025, likely due to heavy capital investments.
Explore More BKSY
BlackSky Technology Inc. (BKSY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
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Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates