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BlackSky Technology Inc. BKSY R2K

Industrials · Specialty Business Services · United States
https://blacksky.com

BlackSky Technology Inc. operates as a space-based technology company in the United States and internationally. The company offers space-based intelligence and artificial intelligence (AI) services, mission solutions, and advanced technology programs consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the company's technology. It also provides BlackSky Spectra, an AI-enabled software platform that processes a range of observations by integrating data from the company's proprietary satellite constellation and from other third-party sensors, such as synthetic aperture radar and radio frequency satellites, GPS-enabled terrestrial data sources, and Internet of Things-connected devices. In addition, the company offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which help detect key pattern of life changes in critical locations, including ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. Further, it develops and delivers customized advanced satellites and payload systems. The company's products and services are used in national security, supply chain resilience, economic intelligence, and other critical decision-making requirements. It serves the United States federal government and its agencies; international governments, agencies, and organizations; and the commercial and industrial infrastructure markets, including energy and utilities, insurance, commodities, mining, manufacturing, logistics, supply chain management, agriculture, environmental monitoring, disaster and risk management, engineering and construction, retail, and consumer behavior. BlackSky Technology Inc. was founded in 2014 and is headquartered in Herndon, Virginia.

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$48.47
+333.15% 1Y

Market & Price

Market Cap
$1.80B
Current Price
$48.47
High / Low (52W)
$51.63 / $10.89
Beta
2.44

Valuation

Stock P/E
-
Industry PE
28.38
Forward P/E
-
PEG Ratio
-
Book Value
$2.20
Price to Book
22.05
P/S
18.39
EV/EBITDA
-81.23
Dividend Yield
-

Profitability & Returns

ROCE
-16.89%
ROE
-102.69%
ROA
-10.60%
Profit Margin
-89.07%
Op Margin
-89.23%
EPS (Latest Qtr)
$-0.82
EPS (TTM)
$-2.49

Balance Sheet & Liquidity

Debt/Equity
2.61
Quick Ratio
3.07
Current Ratio
3.46
Debt
$210.90M
Total Assets
$386.25M
Current Assets
$206.79M
Working Capital
$147.33M

Ownership

Promoter Holding
8.96%
Chg in Prom Hold
-
FII / Inst Holding
67.28%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.89B
Total Revenue (TTM)
$97.81M
EBITDA
$-23.32M
Free Cash Flow
$-56.81M
Operating Cash Flow
$-57.91M
Shares Outstanding
37.11M
Gross Margin
69.29%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
17.71%
Profit 5Y
1.76%
Revenue (YoY)
-29.70%
Earnings (YoY)
-

PROS

  • Compounding revenue at 17.7% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 BKSY BlackSky Technology Inc. R2K 48.47 - $1.80B - -16.89% -102.69% 17.71% 1.76%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------5.32M7.29M7.37M7.94M13.90M15.10M16.93M18.40M19.33M21.26M24.24M24.94M--29.54M22.20M19.62M35.21M20.77M
Cost of Revenue --------------------12.60M6.25M6.82M9.64M7.33M
Gross Profit --------------------16.94M15.95M12.80M25.57M13.44M
Operating Expenses --------------------28.92M29.89M29.63M29.73M31.98M
Operating Income --801-1.02K-1.06K-258.33K-198.38K-12.54M-9.48M-29.81M-48.95M-27.14M-21.71M-19.41M-16.90M-19.92M-14.52M-13.25M-11.72M---11.98M-13.94M-16.83M-4.16M-18.54M
EBITDA ---------------------2.05M-30.34M-3.25M11.40M-16.33M
Interest Expense --------------------3.34M3.51M4.04M4.06M3.93M
Pretax Income ---------------------12.78M-41.20M-15.30M-847.00K-29.66M
Tax Provision --------------------30.00K35.00K39.00K21.00K0
Net Income 0-801-1.02K-1.06K6.44M-9.13M-14.42M-168.56M-35.59M-46.90M-19.99M-26.28M-13.09M-17.32M-33.43M675.00K-15.81M-9.40M---12.81M-41.24M-15.34M-868.00K-29.66M
Diluted EPS -------0.42-0.70-0.63-0.67-0.17-0.22-0.11-0.14-0.240.04-0.88-0.52---0.42-1.27-0.44-0.02-0.82
R&D Expense ------68.00K28.00K057.00K146.00K106.00K197.00K216.00K176.00K133.00K456.00K286.00K43.00K-245.00K17.00K30.00K-170.00K

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --21.14M-65.35M94.49M102.09M106.58M
Cost of Revenue ----35.83M33.78M27.43M35.30M
Gross Profit ----29.52M60.71M74.66M71.27M
Operating Expenses ----116.07M116.69M118.95M118.17M
Operating Income -2.18K-264.35K-41.40M--86.55M-55.98M-44.29M-46.90M
EBITDA -----32.11M434.00K-542.00K-24.23M
Interest Expense ----5.43M9.31M12.19M14.95M
Pretax Income -----74.88M-53.19M-56.85M-70.14M
Tax Provision ----0673.00K370.00K125.00K
Net Income -2.18K350.89K-19.54M--74.17M-53.86M-57.22M-70.26M
Diluted EPS ---0.60-27.12-5.04-3.20-2.66-
R&D Expense --255.00K112.00K739.00K643.00K1.34M433.00K

Compounded Sales Growth

5 Years:17.71%
1 Year:-29.70%

Compounded Profit Growth

5 Years:1.76%
1 Year:-

Stock Price Performance

1 Year:+333.15%
6 Months:+182.95%
3 Months:+157.14%
1 Month:+53.10%

Balance Sheet (Annual)

Figures in USD.

Metric Jun 2018Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -214.34K318.25M119.92M-234.09M224.07M254.15M386.25M
Current Assets -----88.53M79.33M106.74M206.79M
Cash & Equivalents ---5.10M-34.18M32.81M13.06M42.45M
Inventory ------06.04M6.18M
Receivables -----3.11M7.07M14.70M34.14M
Total Liabilities -191.51K11.35M152.73M-112.22M130.91M160.16M291.37M
Current Liabilities -191.51K276.37K55.44M-26.93M27.49M26.02M59.46M
Long Term Debt ---84.87M-76.22M83.50M105.74M193.18M
Total Debt -----79.88M87.16M116.49M209.47M
Total Equity 022.82K-18.30M-32.81M-121.87M93.16M93.99M94.88M
Shares Outstanding -----14.95M18.15M30.96M36.23M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -689-286.57K-31.67M--44.46M-17.42M-6.38M-28.31M
Investing Cash Flow --316.25M-9.77M--81.58M-15.21M-68.33M-86.59M
Financing Cash Flow 42.75K317.58M3.44M--5.05M29.05M55.66M144.08M
Capital Expenditure -----11.68M-15.27M-15.68M-16.21M
Free Cash Flow -----56.13M-32.70M-22.06M-44.52M
Net Change in Cash -----131.09M-3.58M-19.06M29.17M

Ratios (Annual)

Figures in %.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----45.2%64.2%73.1%66.9%
Operating Margin % ---195.9%--132.4%-59.2%-43.4%-44.0%
Net Margin % ---92.4%--113.5%-57.0%-56.0%-65.9%
ROE % -9.5%-1.9%59.5%--60.9%-57.8%-60.9%-74.1%
ROCE % -9.5%-0.1%-64.2%--41.8%-28.5%-19.4%-14.4%

Shareholding Pattern

Insiders
8.96%
Institutions
67.28%
Public Float
73.91%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 6.85% 2.54M $123.19M
2 Bank Of New York Mellon Corporation 5.17% 1.92M $92.97M
3 AWM Investment Company, Inc. 4.65% 1.73M $83.64M
4 Vanguard Capital Management LLC 3.61% 1.34M $64.91M
5 Cercano Management Llc 3.35% 1.24M $60.30M
6 State Street Corporation 2.77% 1.03M $49.84M
7 Daiwa Securities Group Inc. 2.36% 874.39K $42.38M
8 Geode Capital Management, LLC 2.01% 744.72K $36.10M
9 Van Eck Associates Corporation 1.78% 661.11K $32.04M
10 LBP AM SA 1.72% 637.91K $30.92M

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