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Blacksky Technology Inc. (BKSY) stock

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NYSE: BKSY NYSE Aerospace & Defense Next results ~November 5, 2026

D Fundamentals grade

Blacksky Technology Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$5.1

Price-to-sales vs peers

Base case. Range ~$4.6–$13. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Blacksky Technology Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 18 sales by directors and officers, last 12 monthsInsider trades
  • Funds143 adding, 71 cuttingOf 34 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Blacksky Technology files

Where Blacksky Technology stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $109m, up 4.1% on a year earlier, against a decline of 8.9% a quarter earlier. That puts it 42 of 48 for growth among the aerospace & defense companies we cover. Free-cash-flow margin fell to -63.9% from 1.9% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 7 financial-health checks. Our price-to-sales vs peers value is $4.52 a share, against a share price of $17.87.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Blacksky Technology Inc.'s trailing-twelve-month revenue grew 4.1% year on year, with a free-cash-flow margin of -63.9%. Where it stands out: change in growth rate of +13.0pp ranks 10 of 57 aerospace & defense companies we cover. Where it lags: long-term debt as % of assets of 38.5% ranks 41 of 47 aerospace & defense companies we cover.

Current signal Balance sheet growing far ahead of sales: Total assets grew 66% year over year while revenue grew 4% — the balance sheet is expanding 62 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 13.0 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -43.4%: costs exceed revenue.
  • Burning cash. Free cash flow was -63.9% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 99% and a beta of 3.1 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 38.5% ranks 41 of 47 aerospace & defense companies we cover (median 22.1%).
  • Below peers: days sales outstanding. Days sales outstanding of 94 days ranks 39 of 45 aerospace & defense companies we cover (median 53 days).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.15 against an average estimate of -$0.35: beat by 56.6%
Revenue
$33m, up 50.1% on a year earlier
Share reaction
+15.8% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
full year revenue $130m to $150m (full year 2026); adjusted EBITDA $12m to $24m (full year 2026)
Next report
November 5, 2026; average EPS estimate -$0.15

Blacksky Technology's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-6.9%
  • 1 week-6.7%
  • 1 month-24.1%
  • This year-11.3%
  • 1 year-21.2%
  • 5 years-79.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$109M
Operating margin
-43.4%
Net margin
-61.2%
EPS (TTM, diluted)
$-1.83

Growth

Revenue growth
+4.1%
Change in growth rate
+13.0 pts

Cash

Free cash flow (TTM)
-$69.6M
FCF margin
-63.9%
Stock pay % of revenue
15.0%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Shareholder vote
  2. Insider trade
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Blacksky Technology Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Blacksky Technology Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.75 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$5.1 ~$4.6–$13 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$5.1 ~$4.6–$13 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Blacksky Technology Inc. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$83.76$35.92$12.32$11.20$10.79$18.75$16.64
Market value$346m$325m$181m$190m$231m$630m$606m
+ Net debt (− = net cash)$98m−$91m$43m$52m$96m$165m$180m
Enterprise value$444m$234m$224m$241m$327m$795m$786m
Multiples
Price / sales 16.4x9.5x2.8x2.0x2.3x5.9x5.6x
Price / earnings ———————
Price / free cash flow ———————
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

20 /100

Weak moat

How hard Blacksky Technology's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -27.7% of total assets over 7 years.

  • Durability 10 / 20

    Operating margin has been a median -72.0%; its worst year was -267.8%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 5 years, at a median -63.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $40m and EPS of −$0.15 (range −$0.26 to −$0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.09 +10% $142m +33%
Next −$0.36 +67% $193m +37%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −11.9% on 90 days ago. In the last 30 days, 1 analyst raised Blacksky Technology Inc.'s forecast and 2 cut it.

Consensus EPS forecast Blacksky Technology Inc., last 90 days
−$1.50 −$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$1.24 Current fiscal year, 60 days ago: −$1.09 Current fiscal year, 30 days ago: −$1.09 Current fiscal year, 7 days ago: −$1.09 Current fiscal year, Now: −$1.09 −$1.09 Next fiscal year, 90 days ago: −$0.38 Next fiscal year, 60 days ago: −$0.36 Next fiscal year, 30 days ago: −$0.36 Next fiscal year, 7 days ago: −$0.36 Next fiscal year, Now: −$0.36 −$0.36

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$1.24−$0.38
60 days ago −$1.09−$0.36
30 days ago −$1.09−$0.36
7 days ago −$1.09−$0.36
Now −$1.09−$0.36

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.35 −$0.15 +56.6%
Mar 2026 −$0.40 −$0.48 −20.8%
Dec 2025 −$0.28 −$0.06 +79.2%
Sept 2025 −$0.35 −$0.43 −20.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • full year revenue full year 2026 $130m to $150m Maintained
    “The Company expects full year revenue between $130 million and $150 million, Adjusted EBITDA between $12 million and $24 million, and capital expenditures between $50 million and $60 million.” source
  • Adjusted EBITDA full year 2026 $12m to $24m Non-GAAP Maintained
    “The Company expects full year revenue between $130 million and $150 million, Adjusted EBITDA between $12 million and $24 million, and capital expenditures between $50 million and $60 million.” source
  • capital expenditures full year 2026 $50m to $60m Maintained
    “The Company expects full year revenue between $130 million and $150 million, Adjusted EBITDA between $12 million and $24 million, and capital expenditures between $50 million and $60 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

6 analysts, Oct 2026
Buy583%
Hold117%
Sell00%

Monthly trend

  1. Oct 2026516
  2. Sep 2026516
  3. Aug 2026516
  4. Jul 2026516

Counts of recommendations published by analysts covering Blacksky Technology Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.7%
of tradable shares
Days to cover
6.96
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
79%
of shares
Held by insiders
8.0%
of shares
Employees
321
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −21.2%

$21.12 on October 31, 2025 to $16.64

ThenNowEffect
Revenue (last 12 months) $105m $109m +4.1%
P/S multiple 5.1x 5.6x +9.6%
Share count 25m 36m −30.9%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BKSY−57%−66%−9%−4%+74%−11%
Industry peers (median)−4%−10%+14%+22%+16%−12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BKSY42%33%58%33%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BKSY−70%−78%−51%−69%−67%−68%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 20, 2019: 97% from February 19, 2021 to September 25, 2024. Getting back needed a 2854% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$13.14 – $51.63
From 52-week high
−67.8%
vs 50-day average
−20.4%
vs 200-day average
−38.9%
Volatility (1 year)
99%
Beta vs S&P 500
3.12

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±12.0%
After a week
6 up, 6 down
typical move ±18.2%
After a month
3 up, 9 down
typical move ±22.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +15.8% +0.5% +23.1% −18.6%
May 7, 2026 −2.6% +0.5% +5.3% −15.4%
February 26, 2026 −6.6% −1.0% +20.7% +15.4%
November 6, 2025 −9.9% −1.0% −27.5% −2.7%
August 7, 2025 −6.6% +0.7% −0.7% −9.1%
July 17, 2025 −8.7% +0.5% −20.9% −30.0%
May 8, 2025 +32.2% +0.6% +39.0% +45.5%
March 6, 2025 −25.3% −1.2% −33.3% −48.4%
November 7, 2024 +6.3% +1.2% +15.6% +45.2%
August 8, 2024 +11.5% +2.8% +13.6% −5.5%
May 8, 2024 −4.7% +0.6% −7.1% −18.1%
February 28, 2024 −13.4% +0.2% −11.6% −17.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Blacksky Technology Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Blacksky Technology Inc.
$70M $80M $90M $100M $110M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $78.4M Revenue (TTM), FY23 Q4: $94.5M Revenue (TTM), FY24 Q1: $100.3M Revenue (TTM), FY24 Q2: $105.9M Revenue (TTM), FY24 Q3: $107.2M Revenue (TTM), FY24 Q4: $102.1M Revenue (TTM), FY25 Q1: $107.4M Revenue (TTM), FY25 Q2: $104.7M Revenue (TTM), FY25 Q3: $101.7M Revenue (TTM), FY25 Q4: $106.6M Revenue (TTM), FY26 Q1: $97.8M Revenue (TTM), FY26 Q2: $108.9M $108.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $78.4M
FY23 Q4 $94.5M
FY24 Q1 $100.3M
FY24 Q2 $105.9M
FY24 Q3 $107.2M
FY24 Q4 $102.1M
FY25 Q1 $107.4M
FY25 Q2 $104.7M
FY25 Q3 $101.7M
FY25 Q4 $106.6M
FY26 Q1 $97.8M
FY26 Q2 $108.9M
Revenue growth, TTM YoY Blacksky Technology Inc.
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 36.5% Revenue growth, TTM YoY, FY23 Q4: 44.6% Revenue growth, TTM YoY, FY24 Q1: 43.6% Revenue growth, TTM YoY, FY24 Q2: 43.0% Revenue growth, TTM YoY, FY24 Q3: 36.8% Revenue growth, TTM YoY, FY24 Q4: 8.0% Revenue growth, TTM YoY, FY25 Q1: 7.0% Revenue growth, TTM YoY, FY25 Q2: -1.2% Revenue growth, TTM YoY, FY25 Q3: -5.1% Revenue growth, TTM YoY, FY25 Q4: 4.4% Revenue growth, TTM YoY, FY26 Q1: -8.9% Revenue growth, TTM YoY, FY26 Q2: 4.1% 4.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 36.5%
FY23 Q4 44.6%
FY24 Q1 43.6%
FY24 Q2 43.0%
FY24 Q3 36.8%
FY24 Q4 8.0%
FY25 Q1 7.0%
FY25 Q2 -1.2%
FY25 Q3 -5.1%
FY25 Q4 4.4%
FY26 Q1 -8.9%
FY26 Q2 4.1%
Operating margin (TTM) Blacksky Technology Inc.
-100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -88.8% Operating margin (TTM), FY23 Q4: -59.2% Operating margin (TTM), FY24 Q1: -52.2% Operating margin (TTM), FY24 Q2: -41.7% Operating margin (TTM), FY24 Q3: -40.0% Operating margin (TTM), FY24 Q4: -43.4% Operating margin (TTM), FY25 Q1: -40.0% Operating margin (TTM), FY25 Q2: -43.2% Operating margin (TTM), FY25 Q3: -48.0% Operating margin (TTM), FY25 Q4: -44.0% Operating margin (TTM), FY26 Q1: -54.7% Operating margin (TTM), FY26 Q2: -43.4% -43.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -88.8%
FY23 Q4 -59.2%
FY24 Q1 -52.2%
FY24 Q2 -41.7%
FY24 Q3 -40.0%
FY24 Q4 -43.4%
FY25 Q1 -40.0%
FY25 Q2 -43.2%
FY25 Q3 -48.0%
FY25 Q4 -44.0%
FY26 Q1 -54.7%
FY26 Q2 -43.4%
FCF margin (TTM) Blacksky Technology Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -45.8% FCF margin (TTM), FY23 Q4: -34.6% FCF margin (TTM), FY24 Q1: -20.3% FCF margin (TTM), FY24 Q2: -19.6% FCF margin (TTM), FY24 Q3: -20.0% FCF margin (TTM), FY24 Q4: -21.6% FCF margin (TTM), FY25 Q1: 7.3% FCF margin (TTM), FY25 Q2: 1.9% FCF margin (TTM), FY25 Q3: -35.5% FCF margin (TTM), FY25 Q4: -41.8% FCF margin (TTM), FY26 Q1: -75.2% FCF margin (TTM), FY26 Q2: -63.9% -63.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -45.8%
FY23 Q4 -34.6%
FY24 Q1 -20.3%
FY24 Q2 -19.6%
FY24 Q3 -20.0%
FY24 Q4 -21.6%
FY25 Q1 7.3%
FY25 Q2 1.9%
FY25 Q3 -35.5%
FY25 Q4 -41.8%
FY26 Q1 -75.2%
FY26 Q2 -63.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 21 34 65 94 102 107 109
EBITDA −32 −106 −51 −13 −1 −17 −14
Operating income −41 −120 −87 −56 −44 −47 −47
Net income −20 −246 −74 −54 −57 −70 −67
Diluted EPS −$4.80 −$27.12 −$0.63 −$3.18 −$2.67 −$2.09 −$1.83
Growth (year on year)
Revenue — +61.3% +91.7% +44.6% +8.0% +4.4% +4.1%
Margins
EBITDA margin −149.5% −310.5% −77.9% −13.3% −0.7% −15.5% −13.0%
Operating margin −195.9% −352.5% −132.4% −59.2% −43.4% −44.0% −43.4%
Net margin −92.4% −720.7% −113.5% −57.0% −56.0% −65.9% −61.2%
Free-cash-flow margin −151.2% −161.8% −85.9% −34.6% −21.6% −41.8% −63.9%
Cash flow
Cash from operations −32 −54 −44 −17 −6 −28 −54
Capital spending 0 1 12 15 16 16 15
Free cash flow −32 −55 −56 −33 −22 −45 −70
Stock-based pay 2 43 20 11 11 14 16
Free cash flow after stock pay −34 −98 −76 −44 −33 −59 −86
Balance sheet
Cash 5 166 34 33 13 42 37
Total debt 103 74 77 85 109 208 217
Net debt (negative = net cash) 98 −91 43 52 96 165 180
Diluted shares 4m 9m 15m 17m 21m 34m 36m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $517m
Short-term assets $310mLonger-term assets $207m
What it owes, and who funded it · $517m
Short-term liabilities $53mLonger-term liabilities $252mShareholders' equity $212m
  • Short-term assets cover short-term liabilities $310m of assets due within a year against $53m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $310m short-term assets against $252m of longer-dated liabilities.
  • More cash than debt $37m of cash against $211m of debt.
  • Debt below 40% of shareholders' equity Debt is 100% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 40% to 100% over five years.
  • A year's operating cash flow covers at least 20% of debt −$54m of operating cash flow against $211m of debt.
  • Operating profit covers interest at least five times over Operating income of −$47m against $16m of interest.

From Blacksky Technology Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
0.6%
of revenue
Sales & admin spending
82.3%
of revenue
Days sales outstanding
94 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated BKSY CEPL JOBY SIF IA XTIA Median
Revenue, last 12 months $109m $103m $116m $99m $93m $82m $769m
Revenue growth, last 12 months 4.1% 5.4% >999% 18.8% 20.3% >999% 15.5%
Revenue growth, 3-year average 13.7% 9.3% — 14.8% 47.4% 79.1% 12.6%
Revenue growth, latest quarter 50.1% −10.6% >999% 18.3% 10.7% >999% 15.8%
Gross margin — 34.0% — 16.6% 54.9% 18.3% 27.8%
Operating margin −43.4% 4.4% −759.2% 5.2% 27.4% −50.0% 9.0%
Operating margin, 3-year average −42.8% −7.3% <−999% −2.3% 22.8% −389.5% 6.0%
Net margin −61.2% 3.5% −755.1% 4.0% 20.5% −89.6% 5.5%
Cash from operations / revenue −49.7% 4.3% −524.5% 4.1% 19.9% −43.7% 5.5%
Free-cash-flow margin −63.9% 2.8% −639.2% 3.4% 15.3% −44.0% 3.4%
Free-cash-flow margin, 3-year average −27.2% −7.4% <−999% −0.6% 11.7% −474.9% 3.0%
Stock pay / revenue 15.0% 0.8% 146.5% — 3.0% 23.9% 1.2%
Change in share count — 28.4% 22.2% 1.4% 3.3% 19.0% 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth 4.1% 15.5% 49 of 57
Change in growth rate Growth +13.0pp +2.2pp 10 of 57
Operating margin Profitability -43.4% 8.5% 39 of 51
Net margin Profitability -61.2% 5.5% 45 of 57
Free-cash-flow margin Cash generation -63.9% 3.4% 46 of 57
Stock pay as % of revenue Cash generation 15.0% 1.5% 39 of 53
Long-term debt as % of assets Balance sheet 38.5% 22.1% 41 of 47
Days sales outstanding Balance sheet 94 days 53 days 39 of 45

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Space Based Intelligence AI Services Service $65.1M 61.1% ▼ 7.1%
Mission Solutions Product $21.2M 19.9% ▲ 257.7%
Advanced Technology Programs.Service $20.2M 19.0% ▼ 22.4%
Geography
Region Revenue Share YoY
Outside the US $60.3M 56.6% ▲ 54.4%
United States $46.2M 43.4% ▼ 26.6%

From Blacksky Technology Inc.'s 10-K filed March 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$840M
Institutions reporting
224
Shares held vs prior quarter
▲ 34.0%
Positions opened / closed
68 / 25

Top buyers and sellers, Q2 2026: 143 institutions bought and 71 sold ; the biggest buyer was Tidal Investments LLC (+1.4M shares) and the biggest seller Bank Of New York Mellon Corp (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $86.4M 3.1M 10.3% ▲ 21.8%
Tema Etfs LLC $40.4M 1.4M 4.8% —
Tidal Investments LLC $39.3M 1.4M 4.7% New
Vanguard Capital Management LLC $38.7M 1.4M 4.6% ▲ 3.6%
Awm Investment Company, Inc. $33.5M 1.2M 4.0% ▼ 30.5%
Driehaus Capital Management LLC $28.9M 1.0M 3.4% New
Van Eck Associates Corp $28.6M 1.0M 3.4% ▲ 55.0%
State Street Corp $26.7M 958K 3.2% ▼ 6.9%
Morgan Stanley $26.3M 942K 3.1% ▲ 161.0%
Cercano Management LLC $26M 933K 3.1% ▼ 25.0%
Millennium Management LLC $25.5M 914K 3.0% ▲ 67.8%
Jane Street Group, LLC $23.4M 837K 2.8% ▲ 104.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Blacksky Technology Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.7M 18 trades by 4 insiders · 31% under pre-set plans
Net ▼ $5.7M net selling
Insider Date Trade Shares Price Value
Lin Christiana L General Counsel & CAO October 20, 2026 Sell pre-set plan 6,000 $16.86 $101,160
O'Toole Brian E CEO and President October 20, 2026 Sell pre-set plan 20,000 $16.86 $337,200
Dubois Henry Edward Chief Financial Officer October 20, 2026 Sell pre-set plan 4,000 $16.85 $67,400
O'Toole Brian E CEO and President September 21, 2026 Sell pre-set plan 20,000 $22.88 $457,600
Dubois Henry Edward Chief Financial Officer September 21, 2026 Sell pre-set plan 4,000 $22.97 $91,880
Lin Christiana L General Counsel & CAO September 21, 2026 Sell pre-set plan 6,000 $23.10 $138,600
Lin Christiana L General Counsel & CAO September 11, 2026 Sell 13,052 $20.95 $273,439
Dubois Henry Edward Chief Financial Officer September 11, 2026 Sell 15,225 $20.95 $318,964
O'Toole Brian E CEO and President September 11, 2026 Sell 56,280 $20.95 $1.2M
O'Toole Brian E CEO and President September 9, 2026 Sell pre-set plan 20,000 $21.83 $436,600
Dubois Henry Edward Chief Financial Officer August 28, 2026 Sell pre-set plan 4,000 $23.78 $95,120
Lin Christiana L General Counsel & CAO June 10, 2026 Sell 12,001 $34.10 $409,234

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on Blacksky Technology Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Blacksky Technology Inc. in brief

What does Blacksky Technology Inc. do?
Blacksky Technology Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Blacksky Technology Inc.'s stock ticker?
Blacksky Technology Inc. trades under the ticker BKSY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Blacksky Technology Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Blacksky Technology Inc. reported revenue of $109M, 4.1% higher than a year earlier, according to its SEC filings.
What is Blacksky Technology Inc.'s free cash flow?
Blacksky Technology Inc.'s free-cash-flow margin is -63.9% of revenue over the trailing twelve months, ranking 46 of the 57 aerospace & defense companies we cover.
Who are Blacksky Technology Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Tema Etfs LLC and Tidal Investments LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Blacksky Technology Inc.'s market cap?
On November 2, 2026, Blacksky Technology Inc.'s market capitalisation was about $606M and net debt of $180M. Market figures come from third-party market data and may be delayed.
How much debt does Blacksky Technology Inc. have?
Blacksky Technology Inc.'s debt-to-equity ratio is 99.7%, from its latest balance sheet (39.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Blacksky Technology Inc.'s competitors?
In our Aerospace & Defense peer group, the companies closest to Blacksky Technology Inc. are Capstone Energy Plus, Inc., Joby Aviation, Inc., Sifco Industries Inc, Innovative Solutions & Support Inc and XTI Aerospace, Inc. The side-by-side comparison below sets their revenue, margins and growth against Blacksky Technology Inc.'s.
Are insiders buying or selling Blacksky Technology Inc. stock?
Over the last 12 months, Blacksky Technology Inc.'s directors and officers reported 0 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is Blacksky Technology Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Blacksky Technology Inc. announces its own schedule.