Overview
BlackSky Technology Inc.
Latest 10-K: FY2025, filed Mar 17, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $0.11B
- 4.4%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- -$0.05B
- n/mYoY
- OperatingIncome
- Net income
- -$0.07B
- n/mYoY
- NetIncome
- Diluted EPS
- -$2.09
- n/mYoY
- EPSDiluted
- Diluted shares
- 33.6M
- 56.6%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- BlackSky Technology Inc. reported revenue of $0.11B for fiscal 2025, up 4.4% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was -44.0% and net margin was -65.9%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was -$2.09.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 24, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $106.58M4.4%up S&P 500 6.4% | $102.09M8.0%up S&P 500 4.5% | $94.49M44.6%up S&P 500 4.8% | $65.35M91.7%up S&P 500 10.3% | $34.09M61.3%up S&P 500 13.8% | 33.0% S&P 500 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — S&P 500 6.2% |
| Operating Income Median of 373 / 498 | negative: -$46.90Mn/m S&P 500 7.3% | negative: -$44.29Mn/m S&P 500 7.4% | negative: -$55.98Mn/m S&P 500 4.9% | negative: -$86.55Mn/m S&P 500 7.5% | negative: -$120.14Mn/m S&P 500 23.5% | n/m S&P 500 7.2% |
| Net Income | negative: -$70.26Mn/m S&P 500 4.8% | negative: -$57.22Mn/m S&P 500 5.7% | negative: -$53.86Mn/m S&P 500 1.9% | negative: -$74.17Mn/m S&P 500 1.3% | negative: -$245.64Mn/m S&P 500 33.9% | n/m S&P 500 4.1% |
| EPS (Diluted) | negative: -$2.09n/m S&P 500 6.2% | negative: -$2.67n/m S&P 500 7.9% | negative: -$3.18‡n/m S&P 500 1.9% | negative: -$0.63n/m S&P 500 1.5% | negative: -$3.39‡n/m S&P 500 34.8% | n/m S&P 500 5.6% |
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $386.25M52.0%up S&P 500 5.6% | $254.15M13.4%up S&P 500 3.4% | $224.07M4.3%down S&P 500 4.1% | $234.09M23.4%down S&P 500 2.2% | $305.76M155.0%up S&P 500 6.7% | 6.0% S&P 500 4.7% |
| Total Liabilities Median of 357 / 498 | $291.37M81.9%up S&P 500 6.4% | $160.16M22.3%up S&P 500 1.9% | $130.91M16.7%up S&P 500 2.9% | $112.22M11.0%down S&P 500 2.0% | $126.14M17.4%down S&P 500 5.2% | 23.3% S&P 500 4.4% |
| Stockholders' Equity | $94.88M0.9%up S&P 500 6.8% | $93.99M0.9%up S&P 500 5.4% | $93.16M23.6%down S&P 500 7.3% | $121.87M32.1%down S&P 500 2.5% | $179.62Mn/m S&P 500 9.0% | -14.7% S&P 500 6.1% |
| Cash & Equivalents | $42.45M225.1%up S&P 500 5.2% | $13.06M60.2%down S&P 500 1.9% | $32.81M4.0%down S&P 500 6.7% | $34.18M79.4%down S&P 500 -8.6% | $165.59M3148.1%up S&P 500 -2.9% | -28.8% S&P 500 2.0% |
| Total Debt Median of 393 / 498 | $207.89M90.7%up S&P 500 2.3% | $109.03M28.9%up S&P 500 0.1% | $84.58M11.0%up S&P 500 0.1% | $76.22M†6.7%up S&P 500 0.1% | $71.41M†29.7%down S&P 500 0.0% | 30.6% S&P 500 3.7% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | negative: -$28.31Mn/m S&P 500 6.3% | negative: -$6.38Mn/m S&P 500 4.8% | negative: -$17.42Mn/m S&P 500 9.9% | negative: -$44.46Mn/m S&P 500 -0.7% | negative: -$53.87Mn/m S&P 500 10.7% | n/m S&P 500 7.0% |
| Capital Expenditures | — | — | — | — | — | — S&P 500 9.0% |
| Free Cash Flow Median of 378 / 498 | — | — | — | — | — | — S&P 500 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
n/m
Wall Street
on net earnings
FY2024 n/m
— Not reported
Value investor
on free cash flow
FY2024 — Not reported
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E n/mValue investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
15.1%
Wall Street
on book equity
FY2024 40.6%
12.7%
Value investor
on tangible book
FY2024 33.8%
Gap −2.4 pts: Value-investor figure 2.4 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 6.6×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
negative: −74.4%
Wall Street
ROE: net income ÷ equity
FY2024 negative: −61.1%
negative: −18.3%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 negative: −19.9%
Gap +56.1 pts: Value-investor figure 56.1 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
negative: −15.5%
Wall Street
EBITDA margin
FY2024 negative: −0.7%
— Not reported
Value investor
Free-cash-flow margin
FY2024 — Not reported
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
3.48×
Wall Street
Current ratio
FY2024 4.10×
3.37×
Value investor
Quick ratio, inventory excluded
FY2024 3.87×
Gap −0.11×: Value-investor figure 0.11 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
negative: −0.08×
Wall Street
EBITDA ÷ total debt
FY2024 negative: −0.01×
— Not reported
Value investor
FCF ÷ total debt
FY2024 — Not reported
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
negative: −1.1×
Wall Street
EBITDA ÷ interest
FY2024 negative: −0.1×
negative: −3.1×
Value investor
EBIT ÷ interest
FY2024 negative: −3.6×
Gap −2.0×: Value-investor figure 2.0 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on BKSY yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BKSY and publish the result to your public profile.
Cite this page
Data as of Oct 24, 2026. Canonical address: https://valuein.biz/data/BKSY
Valuein. (2026, October 24). BlackSky Technology Inc. (BKSY) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BKSY
@misc{valuein_bksy_2026,
author = {{Valuein}},
title = {BlackSky Technology Inc. (BKSY) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/BKSY}},
note = {Data as of 2026-10-24; source: SEC EDGAR filings}
}10-K filed Mar 17, 2026 · accession 0001753539-26-000032
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing