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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% | - |
| 2024 | $102M | $-1M | $-57M | $-22M | -60.9% | 8.0% | - |
| 2023 | $94M | $0M | $-54M | $-33M | -57.8% | 44.6% | - |
| 2022 | $65M | $-32M | $-74M | $-56M | -60.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -86.55 | -55.98 | -44.29 | -46.90 |
| EBITDA | -32.11 | 0.43 | -0.54 | -24.23 |
| EBIT | -69.45 | -43.88 | -44.66 | -55.19 |
| Pretax Income | -74.88 | -53.19 | -56.85 | -70.14 |
| Tax Provision | 0 | 0.67 | 0.37 | 0.12 |
| Net Income | -74.17 | -53.86 | -57.22 | -70.26 |
| Net Income Common Stockholders | -74.17 | -53.86 | -57.22 | -70.26 |
| Total Expenses | 151.90 | 150.47 | 146.38 | 153.48 |
| Interest Expense | 5.43 | 9.31 | 12.19 | 14.95 |
| Interest Income | 1.12 | 2.06 | 1.56 | 3.80 |
| Research And Development | 1.56 | 1.68 | 2.30 | 2.54 |
| Selling General And Administration | 78.85 | 71.58 | 73.11 | 85.29 |
| Normalized EBITDA | -45.92 | -7.25 | 2.27 | -12.08 |
| Normalized Income | -88.69 | -59.93 | -54.99 | -60.66 |
| Basic EPS | -5.04 | -3.20 | -2.66 | 0 |
| Diluted EPS | -5.04 | -3.20 | -2.66 | 0 |
| Tax Effect Of Unusual Items | 0 | 1.61 | -0.59 | -2.55 |
| Tax Rate For Calcs | 0 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 13.81 | 7.68 | -2.81 | -12.15 |
| Total Unusual Items Excluding Goodwill | 13.81 | 7.68 | -2.81 | -12.15 |
| Net Income From Continuing Operation Net Minority Interest | -74.88 | -53.86 | -57.22 | -70.26 |
| Reconciled Depreciation | 37.34 | 44.31 | 44.12 | 30.95 |
| Reconciled Cost Of Revenue | 34.15 | 32.90 | 26.85 | 34.69 |
| Net Interest Income | -4.31 | -8.98 | -10.63 | -11.14 |
| Net Income From Continuing And Discontinued Operation | -74.17 | -53.86 | -57.22 | -70.26 |
| Rent Expense Supplemental | 2.82 | 1.76 | 1.85 | 2.08 |
| Total Operating Income As Reported | -86.55 | -55.98 | -44.29 | -46.90 |
| Diluted Average Shares | 14.73 | 16.93 | 21.44 | 0 |
| Basic Average Shares | 14.73 | 16.93 | 21.44 | 0 |
| Diluted NI Availto Com Stockholders | -74.17 | -53.86 | -57.22 | -70.26 |
| Net Income Including Noncontrolling Interests | -74.17 | -53.86 | -57.22 | -70.26 |
| Net Income Discontinuous Operations | 0.71 | 0 | 0 | 0 |
| Net Income Continuous Operations | -74.88 | -53.86 | -57.22 | -70.26 |
| Other Income Expense | 15.98 | 11.78 | -1.93 | -12.09 |
| Other Non Operating Income Expenses | 0.08 | -0.07 | 0 | 0.06 |
| Special Income Charges | 2 | 0 | 0 | -4.14 |
| Other Special Charges | 0 | 0 | 0 | 4.14 |
| Write Off | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | -2 | 0 | 0 | 0 |
| Earnings From Equity Interest | 2.09 | 4.17 | 0.88 | 0 |
| Gain On Sale Of Security | 11.81 | 7.68 | -2.81 | -8.01 |
| Net Non Operating Interest Income Expense | -4.31 | -8.98 | -10.63 | -11.14 |
| Total Other Finance Cost | 0 | 1.74 | 0 | 0 |
| Interest Expense Non Operating | 5.43 | 9.31 | 12.19 | 14.95 |
| Interest Income Non Operating | 1.12 | 2.06 | 1.56 | 3.80 |
| 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 |
| 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 |
| Selling And Marketing Expense | 5.55 | 3.79 | 3.78 | 4.56 |
| General And Administrative Expense | 73.29 | 67.79 | 69.33 | 80.73 |
| Other Gand A | 11.37 | 12.44 | 13.28 | 18.69 |
| Insurance And Claims | 4.45 | 2.75 | 1.94 | 2.04 |
| Rent And Landing Fees | 2.82 | 1.76 | 1.85 | 2.08 |
| Salaries And Wages | 54.65 | 50.84 | 52.27 | 57.92 |
| Operating Revenue | 65.35 | 94.49 | 102.09 | 106.58 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BlackSky Technology Inc.this co. | BKSY | - | - | - | -74.1% | - |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M | - |
| 1.33 |
| -673.6% |
| 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Arq, Inc. | ARQ | $96M | - | 0.57 | -31.3% | 34.71 |
| Mobile Infrastructure Corporation | BEEP | $80M | - | 0.55 | -13.5% | 26.61 |
| Southland Holdings, Inc. | SLND | $60M | - | -0.42 | 231.3% | -1.74 |
| Peer Median | - | 19.21 | 0.76 | -8.8% | 9.25 | |