BlackSky Technology Inc. BKSY
Founded in 2014, BlackSky Technology Inc. ("BlackSky," the "Company," "we," "us," or "our") is a space-based technology company that delivers real-time imagery, analytics and high-frequency monitoring of the world's most critical and strategic locations, economic assets, and events. By taking a software-first technology approach, we are delivering real-time space-based intelligence at disruptive speed, scale and economics. BlackSky is trusted by many government and commercial organizations around the world, including U.S defense and intelligence agencies and international ministries of defense. We are continuing to define a new category of space-based intelligence products and services centered upon real-time imagery and automated analytics, delivered through an easy-to-use interface that operates seamlessly with our high-revisit and low latency satellite constellation. Our first-of-its-kind, purpose-built, secure artificial intelligence ("AI")-enabled space-to-ground architecture helps customers see, understand and anticipate change for a decisive strategic advantage. BlackSky can provide dynamic hourly monitoring over many of the most strategic locations on Earth up to 15 times per day from day to night.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Non-US
- North America
| Region | FY2025 | FY2024 |
|---|---|---|
| Non-US | $60.3M | $39.1M |
| North America | $46.2M | $63.0M |
As the company reported it, from the “Revenue - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Space-based intelligence & AI services
- Mission solutions
- Advanced technology programs
| Segment | FY2025 | FY2024 |
|---|---|---|
| Space-based intelligence & AI services | $65.1M | $70.1M |
| Mission solutions | $21.2M | $5.9M |
| Advanced technology programs | $20.2M | $26.1M |
As the company reported it, from the “Segment Reporting - Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.6M | $102.1M | $94.5M | $65.3M | $34.1M | $21.1M | — | — |
| R&D | $433.0K | $1.3M | $643.0K | $739.0K | $112.0K | $255.0K | — | — |
| SG&A | $87.4M | $74.1M | $72.6M | $79.7M | $86.7M | $28.6M | — | — |
| Operating income | -$46.9M | -$44.3M | -$56.0M | -$86.5M | -$120.1M | -$41.4M | -$264.3K | -$2.2K |
| Interest expense | $14.9M | $12.2M | $9.3M | $5.4M | $5.2M | $5.2M | — | — |
| Pre-tax income | -$70.1M | -$56.8M | -$53.2M | -$74.9M | -$244.0M | -$47.7M | -$7.1M | -$2.2K |
| Income tax | $125.0K | $370.0K | $673.0K | $0 | $0 | $0 | $93.3K | — |
| Net income | $70.3K | $57.2K | $53.9K | -$74.2M | -$245.6M | -$19.5M | -$7.2M | -$2.2K |
| EPS, basic | -2.09 | -2.67 | -3.18 | -0.63 | -3.39 | -0.60 | — | — |
| EPS, diluted | -2.09 | -2.67 | -3.18 | -0.63 | -3.39 | -0.60 | -0.98 | 0.00 |
| Shares, diluted (wtd. avg.) | 33.6M | 21.4M | 16.9M | 117.8M | 72.5M | 33.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $42.4M | $13.1M | $33.4M | $37.0M | $168.1M | $10.6M | $37.2M | — |
| Short-term investments | $82.0M | $39.4M | $19.7M | $38.0M | $0 | — | — | — |
| Receivables | $34.1M | $14.7M | $7.1M | $3.1M | $2.6M | $2.9M | — | — |
| Inventory | $6.2M | $6.0M | $0 | — | — | — | — | — |
| Total current assets | $206.8M | $106.7M | $79.3M | $88.5M | $178.7M | $18.2M | $1.3M | $42.1K |
| Property, plant and equipment | $79.0M | $45.6M | $67.1M | $71.6M | $70.6M | $20.9M | — | — |
| Goodwill | $10.3M | $10.3M | $9.4M | $9.4M | $9.4M | $9.4M | — | — |
| Other intangibles | $4.4M | $5.4M | $1.4M | $1.9M | $2.5M | $3.8M | — | — |
| Total assets | $386.2M | $254.1M | $224.1M | $234.1M | $305.8M | $119.9M | $318.2M | $214.3K |
| Accounts payable | $14.9M | $20.4M | $11.6M | $14.4M | $1.7M | $4.2M | $181.7K | $1.5K |
| Short-term debt | $7.9M | $1.9M | $0 | — | $0 | $16.7M | — | — |
| Total current liabilities | $59.5M | $26.0M | $27.5M | $26.9M | $30.5M | $55.4M | $276.4K | $191.5K |
| Long-term debt | $193.2M | $105.7M | $83.5M | $76.2M | $71.4M | $84.9M | — | — |
| Total liabilities | $291.4M | $160.2M | $130.9M | $112.2M | $126.1M | $152.7M | $33.2M | $191.5K |
| Retained earnings | -$726.4M | -$656.2M | -$599.0M | -$545.1M | -$470.9M | -$224.0M | -$7.2M | -$2.2K |
| Total equity | $94.9M | $94.0M | $93.2M | $121.9M | $179.6M | -$32.8M | -$18.3M | $22.8K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$28.3M | -$6.4M | -$17.4M | -$44.5M | -$53.9M | -$31.7M | -$286.6K | -$689 |
| Depreciation and amortisation | $30.3M | $43.5M | $43.4M | $35.7M | $14.3M | $9.8M | — | — |
| Stock-based compensation | $14.2M | $11.2M | $10.9M | $20.0M | $42.6M | $2.0M | — | — |
| Investing cash flow | -$86.6M | -$68.3M | -$15.2M | -$81.6M | -$63.6M | -$9.8M | -$316.2M | — |
| Financing cash flow | $144.1M | $55.7M | $29.1M | -$5.1M | $275.0M | $3.4M | $317.6M | $42.8K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001753539-26-000108.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $21.1M | $34.1M | $65.3M | $94.5M | $102.1M | $106.6M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | -$2.2K | -$7.2M | -$19.5M | -$245.6M | -$74.2M | $53.9K | $57.2K | $70.3K |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Material agreement signed Item 1.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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