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
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.
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