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BlackSky Technology Inc.

BKSY

$19.12 ▲ +2.35 (+13.98%) at close

9 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

BlackSky Technology Inc. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $642.0M

Dividend Yield —

Revenue Growth 4.4% ↘

Op. Margin -44.0% →

ROIC -15.9% ↗

FCF / Share $-0.84 ↘

Trailing P/E —

Price / Book 7.2x

FCF Yield —

Debt / Equity 2.12

info Valuation on last close. End-of-day price, Nov 5, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$106.58M

↑ +4.4% —

Net Income Profit after all expenses

$-70.26M

↓ -22.8% —

Operating Margin Operating profit as % of sales

-44.0%

↓ -1.4% 6th

FCF / Share Free cash flow per share

$-0.84

↓ -183.2% —

Long-Term Debt Long-term obligations

$201.12M

↑ +86.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↑

Cash Quality ↑

Financial view

Statement lens

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Revenue Growth YoY (%)	4.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-45%)	8.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	44.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+457%)	91.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1047%)	61.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+666%)	—	—	—	—
EPS Growth YoY (%)	21.7% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	16.0% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	36.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	81.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-465.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	-22.8% Weak ↓ Weak Declining Year-over-year change in net income	-6.2% Weak ↑ Weak Improving Year-over-year change in net income	27.4% Excellent ↑ Excellent Improving Year-over-year change in net income	69.8% Excellent Excellent Year-over-year change in net income	-1157.5% Weak Weak Year-over-year change in net income	N/M	N/M	—	—
FCF Growth YoY (%)	-183.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	71.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	65.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	49.2% Excellent Excellent Year-over-year change in free cash flow	22.5% Good Good Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	17.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	44.1% Excellent Excellent Compound annual revenue growth over 3 years	64.7% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—
Revenue CAGR 5Y (%)	38.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Operating Margin (%) (%)	-44.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-320%)	-43.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-317%)	-59.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-396%)	-132.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-762%)	-352.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1862%)	-195.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1079%)	—	—	—
Effective Tax Rate (%) (%)	-0.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.0% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
Profit Margin (%) (%)	-65.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-540%)	-56.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-474%)	-57.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-480%)	-113.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-857%)	—	-92.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-716%)	—	—	—
FCF Margin (%) (%)	-26.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-18.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-68.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-158.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-149.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	0.40x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.60x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.22x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.62x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.82x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Return on Invested Capital (%)	-15.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-22.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-32.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-43.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-47.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-60.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-4.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-7.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-12.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-17.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-25.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-37.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-39.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-34.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	-1.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-74.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-717%)	-60.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-607%)	-57.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-582%)	-60.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-607%)	-136.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1240%)	59.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+396%)	7.0% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	-9.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-179%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Debt to Equity (x)	2.12x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+165%)	1.15x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+43%)	0.90x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+12%)	0.63x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.40x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	-3.10x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-487%)	—	—	—
Interest Coverage (x)	-3.14x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-3.63x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-6.02x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-15.95x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-23.26x Weak Weak Operating income divided by interest expense Optimal: > 5x	-7.96x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$158.67M	$94.61M	$50.69M	$42.04M	$-94.18M	$96.51M	—	—	—
Debt / EBITDA (x)	-12.15x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-143.17x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-6.65x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.50x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.67x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.22x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Revenue per Share (USD)	$3.17	$4.76	$5.58	$4.44	$3.76	$5.12	—	—	—
Basic EPS, GAAP (USD)	$-2.09	$-2.67	$-3.18	$-5.04	$-27.12	$-4.80	—	—	—
Free Cash Flow per Share (USD)	$-0.84	$-0.30	$-1.03	$-3.02	$-5.95	$-7.68	—	—	—
Book Value per Share (USD)	$2.64	$3.07	$5.22	$8.16	$45.44	$-7.57	$5.06	$0.02	—
Tangible Book Value per Share (USD)	$2.23	$2.55	$4.62	$7.53	$43.06	$-9.73	$5.06	$0.02	—
Basic Weighted Avg Shares (shares)	33.58M	21.44M	16.93M	14.73M	9.06M	4.13M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Working Capital (USD)	$147.33M	$80.71M	$51.84M	$61.60M	$148.14M	$-37.21M	$1.01M	$-149.45K	—
LT Debt (USD)	$201.12M	$107.66M	$83.50M	$76.22M	$71.41M	$101.61M	—	—	—
Total Equity (USD)	$94.88M	$93.99M	$93.16M	$121.87M	$179.62M	$-32.81M	$5.00M	$22.82K	$0.00

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Jun 14, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$106.58M	$102.09M	$94.49M	$65.35M	$34.09M	$21.14M	—	—	—
Depreciation Expense (USD)	$30.34M	$43.54M	$43.43M	$35.66M	$14.31M	$9.80M	—	—	—
Net Income, GAAP (USD)	$-70.26M	$-57.22M	$-53.86M	$-74.17M	$-245.64M	$-19.54M	$350.89K	$-2.18K	—
Operating Cash Flow (USD)	$-28.31M	$-6.38M	$-17.42M	$-44.46M	$-53.87M	$-31.67M	$-286.57K	$-689.00	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 9 years · 34 quarters

BlackSky Technology Inc.

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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