BlackSky Technology Inc. Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||
| 2024 | 2023 | |||||||||||||
| (in thousands except per share information) | ||||||||||||||
| Net loss available to common stockholders - basic and diluted | $ | (57,218) | $ | (53,859) | ||||||||||
| Basic and diluted net loss per share | $ | (2.67) | $ | (3.18) | ||||||||||
Shares used in the computation of basic and diluted net loss per share | 21,443 | 16,931 | ||||||||||||
| Years Ended December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
| Restricted Class A common stock | — | 3 | |||||||||
| Class A common stock warrants | 221 | 221 | |||||||||
| Stock options | 876 | 1,043 | |||||||||
| Restricted stock units | 2,419 | 2,017 | |||||||||
| Public Warrants (exercisable for Class A common stock) treated as liability | 1,977 | 1,977 | |||||||||
| Private Placement Warrants (exercisable for Class A common stock) treated as liability | 3,091 | 3,091 | |||||||||
| Sponsor Shares | 296 | 296 | |||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.