BlackSky Technology Inc.

Listed Company

BKSYCIK 0001753539NYSENon-AcceleratedRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$106.58M

Net Income

$-70.26M

Total Assets

$386.25M

Equity

$94.88M

Shares Out

37.11M

Op. Cash Flow

$-28.31M

BKSY$22.24−21.46% · past yearDBEQ Basic

Daily closing prices

Business

BlackSky Technology Inc. is a space-based intelligence company that designs, builds, owns and operates a small-satellite constellation in low earth orbit and delivers real-time, high-resolution imagery and AI-enabled analytics through its BlackSky Spectra software platform. The company offers three primary revenue streams: subscription-based space intelligence and AI services (On-Demand and Assured products), Mission Solutions (customized sovereign satellite systems for government customers), and advanced technology programs (R&D and operational integration services). BlackSky serves U.S. federal government agencies, international governments, and commercial customers worldwide through its vertically integrated hardware-software architecture optimized for high-revisit monitoring of strategic and economic locations.

Summary from 10-K filed 2026-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	107	102	94	65	34
Selling, general and administrative	87	74	73	80	87
Research and development	433,000	1	643,000	739,000	112,000
Depreciation and amortization	30	44	43	36	14
Operating loss	−47	−44	−56	−87	−120
Loss on derivatives	−8	−3	8	12	24
Income on equity method investments	0	879,000	4	2	1
Loss on debt extinguishment	−4	0	—	—	—
Interest income	4	2	2	1	0
Interest expense	−15	−12	−9	−5	−5
Other income, net	60,000	3,000	−2	2	−148
Loss before income taxes	−70	−57	−53	−75	−244
Income tax expense	−125,000	−370,000	−673,000	0	0
Net loss	−70	−57	−54	−74	−246
Other comprehensive income	0	0	0	0	0
Total comprehensive loss	−70	−57	−54	−74	−246
Net income (loss) per share of common stock (in dollars per share)	−2.09	−2.67	−3.18	−0.63	−3.39
Net income (loss) per share of common stock, diluted (in dollars per share)	−2.09	−2.67	−3.18	−0.63	−3.39

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	42	13	33	34	166
Restricted cash	1	1	619,000	3	3
Short-term investments	82	39	20	38	0
Accounts Receivable	34	15	7	3	3
Contract assets	29	28	15	6	2
Inventories	6	6	0	—	—
Prepaid Expense and Other Assets, Current	12	4	4	5	6
Total current assets	207	107	79	89	179
Property and equipment - net	79	46	67	72	71
Operating lease right of use assets - net	3	4	2	4	0
Goodwill	10	10	9	9	9
Intangible assets - net	4	5	1	—	—
Satellite work in process	81	81	56	—	—
Other assets	2	1	9	3	560,000
Total assets	386	254	224	234	306
Accounts payable and accrued liabilities	15	20	12	14	11
Contract liabilities - current	21	2	4	7	—
Debt, Current	8	2	0	—	—
Other current liabilities	16	1	1	2	3
Total current liabilities	59	26	27	27	31
Operating lease liabilities	8	8	3	3	0
Derivative liabilities	21	18	15	5	17
Deferred revenue - long-term	10	0	—	—	—
Long-term debt - net of current portion	193	106	84	76	71
Other liabilities	555,000	2	2	825,000	653,000
Total liabilities	291	160	131	112	126
Commitments and contingencies (Note 23)	—	—	—	—	—
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 36,227 and 30,960 shares; outstanding, 35,930 shares and 30,663 shares as of December 31, 2025 and 2024, respectively.	4,000	3,000	2,000	12,000	11,000
Additional paid-in capital	821	750	692	667	651
Accumulated deficit	−726	−656	−599	−545	−471
Total stockholders equity	95	94	93	122	180
Total liabilities and stockholders equity	386	254	224	234	306

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	30	44	43	36	14
Transfer of satellite work in process to mission solutions costs	9	334,000	5	0	—
Operating lease right of use assets amortization	611,000	583,000	883,000	2	0
Stock-based compensation expense	14	11	11	20	43
Amortization of debt issuance costs and non-cash interest expense	4	9	8	2	2
Paid in kind interest at time of debt extinguishment	−29	0	—	—	—
Loss on derivatives	8	3	−8	−12	−24
Non-cash interest income	−3	−1	−796,000	−656,000	0
Other	234,000	320,000	—	—	—
Accounts receivable	−19	−8	−4	−461,000	216,000
Contract assets - current and long-term	−313,000	−5	−16	−6	2
Prepaid expenses and other current assets	−8	556,000	1	1	−5
Other assets	0	2	1	−12,000	−309,000
Accounts payable and accrued liabilities	−9	−4	3	−74,000	3
Other current liabilities	13	−356,000	−1	−1	−3
Contract liabilities - current and long-term	28	−978,000	−3	−5	−5
Other liabilities	−196,000	17,000	−538,000	−3	3
Net cash used in operating activities	−28	−6	−17	−44	−54
Purchase of property and equipment	−16	−16	−15	−12	−1
Satellite work in process	−30	−35	−28	−32	−63
Purchases of short-term investments	−128	−53	−40	−50	0
Proceeds from maturities of short-term investments	88	34	59	13	0
Cash received from business acquisition	0	541,000	0	—	—
Net cash used in investing activities	−87	−68	−15	−82	−64
Proceeds from issuance of debt	185	20	0	0	59
Proceeds from equity issuances, net of equity issuance costs	41	47	33	—	—
Proceeds from Warrant Exercises	11	0	—	0	163,000
Proceeds from options exercised and ESPP shares purchased	2	308,000	10,000	47,000	130,000
Repayments of Debt	85	10	0	0	−22
Payments of debt issuance costs	−7	−632,000	0	0	−6
Withholding tax payments on vesting of restricted stock units	−3	−967,000	−1	−5	0
Payments for deferred offering costs	0	60,000	0	−31,000	—
Net cash provided by financing activities	144	56	29	−5	275
Net increase (decrease) in cash, cash equivalents, and restricted cash	29	−19	−4	−131	158
Cash paid for interest	34	3	989,000	5,000	378,000
Cash paid for income taxes	197,000	476,000	460,000	0	—
Vendor financed satellite launch costs	20	6	0	—	—
Accretion of short-term investments' discounts and premiums	3	1	777,000	640,000	0
Capitalized depreciation expense	1	177,000	0	—	—
Capitalized interest	631,000	0	220,000	220,000	620,000
Capitalized stock-based compensation	700,000	600,000	700,000	2	11,000
Deferred offering costs accrued but not yet paid	357,000	54,000	4,000	—	—
Adjustments to goodwill for changes in the preliminary purchase price allocation	19,000	0	—	—	—
Increase of debt principal for paid-in-kind interest	0	8	7	3	3
Transfer of satellite work in progress to inventories	0	6	0	—	—
Equity issuance costs accrued but not yet paid	0	46,000	13,000	491,000	0

Filings

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Frequently asked questions

What is BlackSky Technology Inc.'s CIK number?

BlackSky Technology Inc.'s SEC CIK number is 0001753539 (1753539). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find BlackSky Technology Inc.'s SEC filings?

All of BlackSky Technology Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did BlackSky Technology Inc. last report earnings?

BlackSky Technology Inc. (BKSY) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001753539-26-000057). This is BlackSky Technology Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is BlackSky Technology Inc.'s most recent earnings 8-K?

BlackSky Technology Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001753539-26-000057. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View BlackSky Technology Inc.'s latest earnings 8-K →
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