Blacksky Technology Inc. balance sheet
At the end of fiscal 2025, Blacksky Technology Inc. had total assets of $386m, total liabilities of $291m and shareholders' equity of $94.9m. It held $42.4m in cash against $208m of debt: net debt of $165m.
Balance sheet
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 5 | 166 | 34 | 33 | 13 | 42 | 37 |
| Receivables | 3 | 3 | 3 | 7 | 15 | 34 | 28 |
| Inventory | — | — | — | 0 | 6 | 6 | 6 |
| Total current assets | 18 | 179 | 89 | 79 | 107 | 207 | 310 |
| Goodwill | 9 | 9 | 9 | 9 | 10 | 10 | 10 |
| Total assets | 120 | 306 | 234 | 224 | 254 | 386 | 517 |
| Accounts payable | 4 | 2 | 2 | — | — | — | — |
| Deferred revenue (current) | 15 | 11 | 7 | — | — | — | — |
| Total current liabilities | 55 | 31 | 27 | 27 | 26 | 59 | 53 |
| Short-term debt | 17 | 0 | — | 0 | 2 | 8 | 12 |
| Long-term debt | 85 | 71 | 76 | 84 | 106 | 193 | 199 |
| Total debt | 103 | 74 | 77 | 85 | 109 | 208 | 217 |
| Total liabilities | 153 | 126 | 112 | 131 | 160 | 291 | 305 |
| Shareholders' equity | −33 | 180 | 122 | 93 | 94 | 95 | 212 |
| Net debt (negative = net cash) | 98 | −91 | 43 | 52 | 96 | 165 | 180 |
| Shares outstanding | — | — | — | 18m | — | 36m | 41m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 10 | 15 | 8 | 7 | 4 | 34 | 25 | 28 |
| Inventory | — | 6 | 0 | 0 | 0 | 6 | 6 | 6 |
| Total current assets | 107 | 107 | 121 | 139 | 201 | 207 | 185 | 310 |
| Goodwill | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Total assets | 245 | 254 | 285 | 311 | 381 | 386 | 372 | 517 |
| Total current liabilities | 19 | 26 | 32 | 37 | 52 | 59 | 54 | 53 |
| Short-term debt | 0 | 2 | 4 | 5 | 6 | 8 | 9 | 12 |
| Long-term debt | 98 | 106 | 112 | 117 | 189 | 193 | 193 | 199 |
| Total debt | 99 | 108 | 115 | 122 | 195 | 201 | 203 | 211 |
| Total liabilities | 135 | 160 | 196 | 224 | 290 | 291 | 291 | 305 |
| Shareholders' equity | 110 | 94 | 89 | 87 | 91 | 95 | 81 | 212 |
| Shares outstanding | 30m | 31m | 31m | 35m | 36m | 36m | 37m | 41m |
Compare with peers
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