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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $107M | $-24M | $-70M | $-45M | -74.1% | 4.4% | 22.8% |
| 2024 | $102M | $-1M | $-57M | $-22M | -60.9% | 8.0% | 6.2% |
| 2023 | $94M | $0M | $-54M | $-33M | -57.8% | 44.6% | -27.4% |
| 2022 | $65M | $-32M | $-74M | $-56M | -60.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 65.35 | 94.49 | 102.09 | 106.58 |
| Operating Revenue | - | 65.35 | 94.49 | 102.09 | 106.58 |
| Cost Of Revenue | - | 35.83 | 33.78 | 27.43 | 35.30 |
| Gross Profit | - | 29.52 | 60.71 | 74.66 | 71.27 |
| Operating Expense | - | 116.07 | 116.69 | 118.95 | 118.17 |
| Research And Development | - | 1.56 | 1.68 | 2.30 | 2.54 |
| Selling General And Administration | - | 78.85 | 71.58 | 73.11 | 85.29 |
| Total Expenses | - | 151.90 | 150.47 | 146.38 | 153.48 |
| Operating Income | - | -86.55 | -55.98 | -44.29 | -46.90 |
| Total Operating Income As Reported | - | -86.55 | -55.98 | -44.29 | -46.90 |
| EBITDA | - | -32.11 | 0.43 | -0.54 | -24.24 |
| Normalized EBITDA | - | -45.92 | -7.24 | 2.27 | -12.08 |
| EBIT | - | -69.45 | -43.88 | -44.66 | -55.19 |
| Interest Income | - | 1.12 | 2.06 | 1.56 | 3.80 |
| Interest Expense | - | 5.43 | 9.31 | 12.19 | 14.95 |
| Net Interest Income | - | -4.31 | -8.98 | -10.63 | -11.14 |
| Other Non Operating Income Expenses | - | 0.08 | -0.07 | 0 | 0.06 |
| Other Income Expense | - | 15.98 | 11.78 | -1.93 | -12.09 |
| Interest Income Non Operating | - | 1.12 | 2.06 | 1.56 | 3.80 |
| Interest Expense Non Operating | - | 5.43 | 9.31 | 12.19 | 14.95 |
| Net Non Operating Interest Income Expense | - | -4.31 | -8.98 | -10.63 | -11.14 |
| Pretax Income | - | -74.88 | -53.19 | -56.85 | -70.14 |
| Tax Provision | - | 0 | 0.67 | 0.37 | 0.12 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 1.61 | -0.59 | -2.55 |
| Net Income Continuous Operations | - | -74.88 | -53.86 | -57.22 | -70.26 |
| Net Income From Continuing And Discontinued Operation | - | -74.17 | -53.86 | -57.22 | -70.26 |
| Net Income From Continuing Operation Net Minority Interest | - | -74.88 | -53.86 | -57.22 | -70.26 |
| Net Income | - | -74.17 | -53.86 | -57.22 | -70.26 |
| Net Income Common Stockholders | - | -74.17 | -53.86 | -57.22 | -70.26 |
| Net Income Including Noncontrolling Interests | - | -74.17 | -53.86 | -57.22 | -70.26 |
| Normalized Income | - | -88.69 | -59.93 | -54.99 | -60.66 |
| Diluted NI Availto Com Stockholders | - | -74.17 | -53.86 | -57.22 | -70.26 |
| Basic Average Shares | 14.31 | 14.73 | 16.93 | 21.44 | - |
| Diluted Average Shares | 14.31 | 14.73 | 16.93 | 21.44 | - |
| Reconciled Depreciation | - | 37.34 | 44.31 | 44.12 | 30.95 |
| Reconciled Cost Of Revenue | - | 34.15 | 32.90 | 26.85 | 34.69 |
| Total Unusual Items | - | 13.81 | 7.68 | -2.82 | -12.15 |
| Total Unusual Items Excluding Goodwill | - | 13.81 | 7.68 | -2.82 | -12.15 |
| Net Income Discontinuous Operations | -1.65 | 0.71 | 0 | - | - |
| Special Income Charges | -14.35 | 2 | 0 | - | -4.14 |
| Other Special Charges | -4.06 | - | - | - | 4.14 |
| Write Off | 18.41 | - | - | - | - |
| Impairment Of Capital Assets | 18.41 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | -2 | 0 | - | - |
| Gain On Sale Of Security | - | 11.81 | 7.68 | -2.82 | -8.01 |
| Depreciation Amortization Depletion Income Statement | - | 35.66 | 43.43 | 43.54 | 30.34 |
| Depreciation And Amortization In Income Statement | - | 35.66 | 43.43 | 43.54 | 30.34 |
| General And Administrative Expense | - | 73.29 | 67.79 | 69.33 | 80.73 |
| Other Gand A | - | 11.37 | 12.44 | 13.28 | 18.69 |
| Salaries And Wages | - | 54.65 | 50.84 | 52.27 | 57.92 |
| Insurance And Claims | - | 4.45 | 2.76 | 1.94 | 2.04 |
| Rent Expense Supplemental | - | 2.82 | 1.76 | 1.85 | 2.08 |
| Total Other Finance Cost | 47.72 | - | 1.74 | - | - |
| Selling And Marketing Expense | - | 5.55 | 3.79 | 3.78 | 4.56 |
| Rent And Landing Fees | - | 2.82 | 1.76 | 1.85 | 2.08 |
| Earnings From Equity Interest | - | 2.09 | 4.16 | 0.88 | 0 |
| Amortization | - | 0.56 | 0.56 | 0.61 | 1.02 |
| Amortization Of Intangibles Income Statement | - | 0.56 | 0.56 | 0.61 | 1.02 |
| Depreciation Income Statement | - | 35.10 | 42.87 | 42.92 | 29.32 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BlackSky Technology Inc.this co. | BKSY | $1.5B | -20.95 | 15.51 | -74.1% | -67.62 |
| ManpowerGroup Inc. | MAN | $1.5B | - | 0.72 | -0.6% | 9.85 |
| Willdan Group, Inc. | WLDN | $1.5B | 28.15 | 4.85 | 17.2% | 23.01 |
| Ryerson Holding Corporation | RYZ | $1.5B | -26.03 | 1.95 | -7.5% | 47.61 |
| SFL Corporation Ltd. | SFL | $1.5B | -55.15 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.52 |
| -2.8% |
| 10.04 |
| TETRA Technologies, Inc. | TTI | $1.5B | 483.12 | 5.12 | 1.1% | 19.83 |
| The Greenbrier Companies, Inc. | GBX | $1.4B | 7.10 | 0.95 | 13.3% | 6.14 |
| Marten Transport, Ltd. | MRTN | $1.4B | 83.09 | 1.89 | 2.3% | 12.10 |
| Tennant Company | TNC | $1.4B | 32.96 | 2.40 | 7.3% | 13.28 |
| Peer Median | - | 28.15 | 1.92 | 1.7% | 12.69 | |