NYSE : BKSY
BlackSky Technology Inc. — Financial statements
Industrials · Specialty Business Services · United States
Last price 18.03 USD (Oct 30, 2026, 11:49 AM EDT) · Market cap 737.87M
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Financial statements
BlackSky Technology Inc. (BKSY) reported revenue of 108.92M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 108.92M | 106.58M | 102.09M | 94.49M | 65.35M | 34.09M |
| Cost of Revenue | 32.84M | 35.30M | 27.43M | 33.78M | 35.83M | 34.75M |
| Gross Profit | 76.08M | 71.27M | 74.66M | 60.71M | 29.52M | -663.00K |
| Selling, General & Admin | 92.20M | 88.95M | 74.58M | 72.62M | 79.67M | 86.66M |
| Research & Development | 632.00K | 433.00K | 1.34M | 643.00K | 739.00K | 112.00K |
| Operating Expenses | 125.97M | 119.73M | 119.46M | 116.69M | 116.07M | 101.07M |
| Operating Income | -49.89M | -48.46M | -44.80M | -55.98M | -86.55M | -101.74M |
| Interest Expense | -15.89M | -14.95M | -12.19M | -9.31M | -5.43M | -5.26M |
| Interest & Investment Income | 4.93M | 3.80M | 1.56M | 2.06M | 1.12M | |
| Earnings From Equity Investments | 879.00K | 4.17M | 2.09M | 1.03M | ||
| Other Non Operating Income (Expenses) | -4.22M | -7.95M | -2.81M | 7.61M | 11.89M | 23.62M |
| EBT Excluding Unusual Items | -65.08M | -67.55M | -57.36M | -51.45M | -76.88M | -82.36M |
| Asset Writedown | -18.41M | |||||
| Other Unusual Items | -1.57M | -2.58M | 512.00K | -1.74M | 2.00M | -143.23M |
| Pretax Income | -66.64M | -70.14M | -56.85M | -53.19M | -74.88M | -243.99M |
| Income Tax Expense | 60.00K | 125.00K | 370.00K | 673.00K | ||
| Earnings From Continuing Operations | -66.70M | -70.26M | -57.22M | -53.86M | -74.88M | -243.99M |
| Earnings From Discontinued Operations | 707.00K | -1.65M | ||||
| Net Income | -66.70M | -70.26M | -57.22M | -53.86M | -74.17M | -245.64M |
| Net Income to Common | -66.70M | -70.26M | -57.22M | -53.86M | -74.17M | -245.64M |
| Shares Outstanding (Basic) | 36.40M | 33.58M | 21.44M | 16.93M | 14.73M | 9.06M |
| Shares Outstanding (Diluted) | 36.40M | 33.58M | 21.44M | 16.93M | 14.73M | 9.06M |
| EPS (Basic) | -1.83 | -2.09 | -2.67 | -3.18 | -5.04 | -27.12 |
| EPS (Diluted) | -1.83 | -2.09 | -2.67 | -3.18 | -5.04 | -27.12 |
| Free Cash Flow | -113.03M | -74.87M | -56.62M | -61.14M | -88.52M | -55.14M |
| Free Cash Flow Per Share | -3.10 | -2.23 | -2.64 | -3.61 | -6.01 | -6.09 |
| Gross Margin | 69.85% | 66.88% | 73.13% | 64.25% | 45.18% | -1.94% |
| Operating Margin | -45.80% | -45.47% | -43.88% | -59.24% | -132.44% | -298.48% |
| Profit Margin | -61.24% | -65.92% | -56.05% | -57.00% | -113.50% | -720.68% |
| Free Cash Flow Margin | -103.77% | -70.25% | -55.46% | -64.70% | -135.45% | -161.77% |
| EBITDA | -16.75M | -18.11M | -1.26M | -12.55M | -50.89M | -87.43M |
| EBITDA Margin | -15.37% | -17.00% | -1.24% | -13.28% | -77.87% | -256.51% |
| D&A For EBITDA | 33.14M | 30.34M | 43.54M | 43.43M | 35.66M | 14.31M |
| EBIT | -49.89M | -48.46M | -44.80M | -55.98M | -86.55M | -101.74M |
| EBIT Margin | -45.80% | -45.47% | -43.88% | -59.24% | -132.44% | -298.48% |
| Revenue as Reported | 108.92M | 106.58M | 102.09M | 94.49M | 65.35M | 34.09M |
| Advertising Expenses | 2.00M | 1.60M | 1.50M | 1.30M | 1.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 36.90M | 42.45M | 13.06M | 32.81M | 34.18M | 165.59M |
| Short-Term Investments | 197.28M | 82.01M | 39.41M | 19.70M | 37.98M | |
| Cash & Short-Term Investments | 234.18M | 124.45M | 52.46M | 52.51M | 72.16M | 165.59M |
| Receivables | 53.98M | 62.73M | 42.55M | 22.28M | 8.82M | 4.31M |
| Inventory | 6.18M | 6.18M | 6.04M | |||
| Prepaid Expenses | 4.75M | 4.50M | 3.98M | 3.92M | 4.71M | 6.26M |
| Restricted Cash | 9.96M | 1.10M | 1.32M | 619.00K | 2.83M | 2.52M |
| Other Current Assets | 737.00K | 7.82M | 375.00K | |||
| Total Current Assets | 309.79M | 206.79M | 106.74M | 79.33M | 88.53M | 178.68M |
| Property, Plant & Equipment | 96.54M | 82.45M | 49.64M | 68.75M | 75.17M | 70.55M |
| Long-Term Investments | 5.29M | 4.00M | ||||
| Goodwill | 10.28M | 10.28M | 10.26M | 9.39M | 9.39M | 9.39M |
| Other Intangible Assets | 3.50M | 4.42M | 5.45M | 1.36M | 1.92M | 2.48M |
| Long-Term Accounts Receivable | 465.00K | 680.00K | 1.11M | 8.76M | 1.97M | |
| Long-Term Deferred Charges | 500.00K | |||||
| Other Long-Term Assets | 96.45M | 81.61M | 80.95M | 56.48M | 51.33M | 40.66M |
| Total Assets | 517.03M | 386.25M | 254.15M | 224.07M | 234.09M | 305.76M |
| Accounts Payable | 5.41M | 2.34M | 8.24M | 2.32M | 2.42M | 1.72M |
| Accrued Expenses | 15.19M | 15.95M | 12.02M | 9.79M | 13.21M | 9.11M |
| Current Portion of Long-Term Debt | 11.67M | 7.94M | 1.93M | |||
| Current Portion of Leases | 434.00K | 769.00K | 775.00K | 621.00K | 530.00K | 49.00K |
| Current Unearned Revenue | 19.00M | 20.52M | 2.18M | 3.67M | 6.78M | 11.27M |
| Other Current Liabilities | 1.39M | 11.95M | 882.00K | 11.09M | 3.98M | 8.38M |
| Total Current Liabilities | 53.09M | 59.46M | 26.02M | 27.49M | 26.93M | 30.54M |
| Long-Term Debt | 199.17M | 193.18M | 105.74M | 83.50M | 76.22M | 71.41M |
| Long-Term Leases | 10.06M | 7.58M | 8.05M | 3.04M | 3.13M | |
| Long-Term Unearned Revenue | 4.00M | 10.50M | 678.00K | 169.00K | 109.00K | 568.00K |
| Other Long-Term Liabilities | 39.17M | 20.65M | 19.67M | 16.70M | 5.83M | 23.63M |
| Total Liabilities | 305.49M | 291.37M | 160.16M | 130.91M | 112.22M | 126.14M |
| Common Stock | 4.00K | 4.00K | 3.00K | 2.00K | 12.00K | 11.00K |
| Additional Paid-In Capital | 988.47M | 821.32M | 750.17M | 692.13M | 666.97M | 650.52M |
| Retained Earnings | -776.95M | -726.45M | -656.19M | -598.97M | -545.11M | -470.91M |
| Total Common Equity | 211.53M | 94.88M | 93.99M | 93.16M | 121.87M | 179.62M |
| Shareholders' Equity | 211.53M | 94.88M | 93.99M | 93.16M | 121.87M | 179.62M |
| Total Liabilities & Equity | 517.03M | 386.25M | 254.15M | 224.07M | 234.09M | 305.76M |
| Total Debt | 221.33M | 209.47M | 116.49M | 87.16M | 79.88M | 71.46M |
| Net Cash (Debt) | 12.85M | -85.01M | -64.02M | -34.65M | -7.72M | 94.13M |
| Net Cash Per Share | 0.35 | -2.53 | -2.99 | -2.05 | -0.52 | 10.39 |
| Filing Date Shares Outstanding | 40.92M | 36.99M | 31.64M | 18.28M | 17.34M | 15.06M |
| Total Common Shares Outstanding | 40.63M | 35.93M | 30.66M | 17.85M | 14.94M | 14.31M |
| Working Capital | 256.70M | 147.33M | 80.71M | 51.84M | 61.60M | 148.14M |
| Book Value Per Share | 5.21 | 2.64 | 3.07 | 5.22 | 8.16 | 12.56 |
| Tangible Book Value | 197.75M | 80.17M | 78.28M | 82.41M | 110.56M | 167.75M |
| Tangible Book Value Per Share | 4.87 | 2.23 | 2.55 | 4.62 | 7.40 | 11.73 |
| Machinery | 183.46M | 161.33M | 124.05M | 134.17M | 122.08M | 98.01M |
| Order Backlog | 345.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -66.70M | -70.26M | -57.22M | -53.86M | -74.17M | -245.64M |
| Depreciation & Amortization | 33.80M | 30.95M | 44.12M | 44.31M | 37.30M | 14.31M |
| Other Amortization | 253.00K | 3.81M | 9.21M | 7.97M | 1.80M | 1.81M |
| Loss (Gain) From Sale of Assets | 127.00K | 24.00K | ||||
| Asset Writedown & Restructuring Costs | 81.00K | 18.41M | ||||
| Loss (Gain) on Equity Investments | -879.00K | -4.17M | -2.09M | -1.03M | ||
| Stock-Based Compensation | 16.30M | 14.23M | 11.17M | 10.86M | 20.02M | 42.57M |
| Provision & Write-off of Bad Debts | 179.00K | -22.00K | 58.00K | |||
| Other Operating Activities | -14.53M | -10.72M | 2.40M | -3.62M | -12.36M | 119.73M |
| Change in Accounts Receivable | -4.26M | -19.78M | -12.76M | -20.44M | -6.46M | 2.33M |
| Change in Accounts Payable | -538.00K | -9.39M | -4.08M | 3.32M | -74.00K | 2.54M |
| Change in Unearned Revenue | -14.04M | 28.16M | -978.00K | -3.05M | -4.94M | -5.26M |
| Change in Other Net Operating Assets | 1.58M | 4.67M | 2.65M | 867.00K | -2.76M | -5.37M |
| Operating Cash Flow | -54.16M | -28.31M | -6.38M | -17.42M | -44.46M | -53.87M |
| Capital Expenditures | -58.87M | -46.56M | -50.24M | -43.72M | -44.06M | -1.27M |
| Sale of Property, Plant & Equipment | 22.00K | |||||
| Cash Acquisitions | 541.00K | |||||
| Sale (Purchase) of Intangibles | -7.00K | |||||
| Investment in Securities | -122.83M | -40.03M | -18.64M | 28.48M | -36.54M | 302.00K |
| Other Investing Activities | -978.00K | -62.64M | ||||
| Investing Cash Flow | -181.70M | -86.59M | -68.33M | -15.21M | -81.58M | -63.61M |
| Long-Term Debt Issued | 185.00M | 20.00M | 58.57M | |||
| Long-Term Debt Repaid | -84.50M | -10.00M | -22.20M | |||
| Net Debt Issued (Repaid) | 97.12M | 100.50M | 10.00M | 36.37M | ||
| Issuance of Common Stock | 173.65M | 53.59M | 47.32M | 32.74M | 47.00K | 293.00K |
| Repurchase of Common Stock | -4.66M | -2.71M | -967.00K | -1.41M | -5.07M | |
| Other Financing Activities | -7.10M | -7.30M | -692.00K | -2.28M | -31.00K | 238.35M |
| Financing Cash Flow | 259.01M | 144.08M | 55.66M | 29.05M | -5.05M | 275.02M |
| Net Cash Flow | 23.15M | 29.17M | -19.06M | -3.58M | -131.09M | 157.53M |
| Free Cash Flow | -113.03M | -74.87M | -56.62M | -61.14M | -88.52M | -55.14M |
| Free Cash Flow Margin | -103.77% | -70.25% | -55.46% | -64.70% | -135.45% | -161.77% |
| Free Cash Flow Per Share | -3.10 | -2.23 | -2.64 | -3.61 | -6.01 | -6.09 |
| Levered Free Cash Flow | -71.45M | -37.82M | -52.36M | -31.36M | -49.78M | -17.58M |
| Unlevered Free Cash Flow | -61.77M | -32.29M | -53.95M | -33.51M | -48.20M | -16.10M |
| Cash Interest Paid | 40.51M | 33.98M | 2.52M | 989.00K | 5.00K | 378.00K |
| Cash Income Tax Paid | 177.00K | 197.00K | 476.00K | 460.00K | ||
| Change in Working Capital | -23.27M | 3.67M | -15.18M | -19.31M | -14.24M | -5.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 731.33M | 669.28M | 328.90M | 200.18M | 183.12M | 508.82M |
| Enterprise Value | 718.48M | 726.30M | 371.45M | 233.30M | 168.17M | 391.95M |
| Last Close Price | 17.87 | 18.75 | 10.79 | 11.20 | 12.32 | 35.92 |
| PS Ratio | 6.71 | 6.28 | 3.22 | 2.12 | 2.80 | 14.93 |
| PB Ratio | 3.43 | 7.05 | 3.50 | 2.15 | 1.50 | 2.83 |
| P/TBV Ratio | 3.70 | 8.35 | 4.20 | 2.43 | 1.66 | 3.03 |
| EV/Sales Ratio | 6.60 | 6.82 | 3.64 | 2.47 | 2.57 | 11.50 |
| Debt / Equity Ratio | 1.05 | 2.21 | 1.24 | 0.94 | 0.66 | 0.40 |
| Debt / EBITDA Ratio | 189.72 | |||||
| Net Debt / Equity Ratio | -0.06 | 0.90 | 0.68 | 0.37 | 0.06 | -0.52 |
| Net Debt / EBITDA Ratio | 0.77 | -4.69 | -50.65 | -2.76 | -0.15 | 1.08 |
| Net Debt / FCF Ratio | 0.11 | -1.14 | -1.13 | -0.57 | -0.09 | 1.71 |
| Asset Turnover | 0.26 | 0.33 | 0.43 | 0.41 | 0.24 | 0.16 |
| Inventory Turnover | 5.78 | |||||
| Quick Ratio | 5.43 | 3.15 | 3.65 | 2.72 | 3.01 | 5.56 |
| Current Ratio | 5.83 | 3.48 | 4.10 | 2.89 | 3.29 | 5.85 |
| Return on Equity (ROE) | -44.76% | -74.40% | -61.15% | -50.09% | -49.67% | -332.40% |
| Return on Assets (ROA) | -7.53% | -9.46% | -11.71% | -15.27% | -20.04% | -29.88% |
| Return on Capital Employed (ROCE) | -10.80% | -14.80% | -19.60% | -28.50% | -41.80% | -37.00% |
| Earnings Yield | -10.26% | -10.50% | -17.40% | -26.91% | -40.51% | -48.28% |
| FCF Yield | -15.46% | -11.19% | -17.21% | -30.54% | -48.34% | -10.84% |
| Buyback Yield / Dilution | -28.83% | -56.58% | -26.65% | -14.96% | -62.60% | -119.52% |