BlackSky Technology Inc.

BKSY Industrials Specialty Business Services

BlackSky Technology Inc.’s revenue for fiscal 2025 (year ended December 2025) was $106.6 million, up 4.39% from fiscal 2024.

Revenue
+118.4%
EPS
+202.3%
Free cash flow
+100.2%
Total debt
+12.7%

Quarter to September 2026, against a year earlier

20.77 1.65 +8.63%
Market cap
$782.5M
P/E
0.0×
Fwd P/E
−10.5×
Dividend yield
—
F-score
2/9
Altman Z
−1.00
Beneish M
−1.93
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 5.07
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 4 — — — — — 3 — 1 5 3 —
Insider Ownership 18.02%

Capital & Financial Ratios $m

Size
Market Cap 782.48
Revenue ttm 132.15
Net income ttm (32.85)
Free cash flow ttm (26.67)
Net debt Q (11.25)
Valuation
P/E 0.00
Forward P/E (10.50) (negative: loss-making)
Price / sales 6.21
Forward P/S Powerpack
Price / FCF 0.00
Price / book 3.49
Financial health
Current ratio Q 5.27 (at or above 1.5: strong)
Debt / equity Q 0.94
Interest coverage Q 0.11
Growth
Revenue growth Q +118.39% (above 0%: growing)
Operating income growth Q +102.41% (above 0%: growing)
EPS, this year +34.08% (at or above 15%: strong)
EPS, next year A +70.40% (at or above 15%: strong)
Revenue, next year A +32.96% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +62.15% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 67.36%
10-year low 10-year high
P/B against its own 10 years 55.39%
10-year low 10-year high
EV/Sales against its own 10 years 68.70%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 53 54 126 231
Receivables 7 15 34 25
Inventory — 6 6 6
Other 15 28 29 27
79 107 207 297
2023 2024 2025 Q'26
Payables 22 20 15 19
ST’ Debt — 2 8 15
Other 5 4 37 22
27 26 59 56

Compound Annual Growth %

10y 5y 3y
Sales — 38.21% 17.71%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (8.01%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.82) (0.54) 0.45 — —
’25 (0.42) (1.27) (0.44) (0.02) (2.09)
’24 (0.88) (0.48) (0.66) (0.63) (2.66)
’23 (1.12) (1.92) 0.04 (0.24) (3.20)
’22 (1.36) (1.76) (0.88) (1.04) (5.04)
’21 (5.57) (5.02) (5.36) (11.17) (27.12)
’20 1.30 (6.61) (3.37) 3.94 (4.73)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 21 33 43 — —
’25 30 22 20 35 107
’24 24 25 23 30 102
’23 18 19 21 36 94
’22 14 15 17 19 65
’21 7 7 8 11 34
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (4) 4 — —
’25 27 (7) (39) (9) (28)
’24 (4) (2) 1 (2) (6)
’23 (17) 1 0 (2) (17)
’22 (13) (15) (12) (5) (44)
’21 (11) (11) (18) (15) (54)
’20 0 0 (27) (4) (32)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (7) 0 — —
’25 23 (11) (43) (14) (45)
’24 (7) (5) (5) (5) (22)
’23 (19) (5) (4) (5) (33)
’22 (15) (18) (15) (8) (56)
’21 (11) (11) (18) (16) (55)
’20 0 0 (27) (4) (32)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 21 34 65 94 102 107 132 +38.2% 142 193 257 +34.0%
Gross margin, % — — — — (12.92) (1.95) 45.18 64.25 73.13 66.87 0.00 +79.8 pt
EBT — — 0 (7) (48) (244) (75) (53) (57) (70) (33) n/m
EBT margin, % — — 0.00 0.00 (225.79) (715.84) (114.58) (56.29) (55.68) (65.81) (24.84) (65.8) pt
Net income — 0 0 (7) (20) (246) (74) (54) (57) (70) (33) n/m
Per share, $
Per share, $ Revenue — — 0.00 0.00 5.12 3.76 4.44 5.58 4.76 3.17 3.05 n/m
Earnings — — 0.00 (1.60) (4.73) (29.22) (5.04) (3.20) (2.66) (2.09) (0.93) n/m
Cash flow — — 0.00 (0.06) (7.68) (5.95) (3.02) (1.03) (0.30) (0.84) (0.27) n/m
Capex — — 0.00 0.00 (0.07) (0.14) (0.79) (0.90) (0.73) (0.48) (0.35) n/m
Free cash flow — — 0.00 (0.06) (7.74) (6.09) (3.81) (1.93) (1.03) (1.33) (0.62) n/m
Book value — — 0.00 1.11 (7.95) 19.83 8.28 5.50 4.38 2.83 5.43 +234.7%
Shares, m — — 40 4 4 9 15 17 21 34 38 (2.3%)
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — 0.00 9.55 2.78 1.98 2.27 5.91 6.21 3.7
P/B — — — — 0.00 1.81 1.49 2.01 2.46 6.64 3.49 2.4
EV/Sales — — — — 0.00 6.71 2.80 2.30 2.79 6.62 6.12 3.5
EV/FCF — — — — (13.79) (4.15) (3.25) (6.65) (12.93) (15.84) (30.33) (9.4)
Cash, $m
Cash, $m Operating cash flow — — 0 0 (32) (54) (44) (17) (6) (28) (12) n/m
Capex — — 0 — 0 (1) (12) (15) (16) (16) (15) n/m
Free cash flow — — 0 0 (32) (55) (56) (33) (22) (45) (27) n/m
Balance, $m
Balance, $m Working capital — — 0 1 (37) 148 62 52 81 147 241 n/m
Net debt — — 0 (1) 91 (97) 2 30 54 76 (11) +178.7%
Shareholders’ equity — — 0 5 (33) 180 122 93 94 95 235 +228.9%
Returns, %
Returns, % ROA — — (2.05) (4.53) (8.92) (115.41) (27.48) (23.51) (23.93) (21.94) (7.25) (19.9) pt
ROIC — — 0.00 (4.22) (44.44) (90.50) (43.76) (28.32) (18.72) (17.20) (8.40) (17.2) pt
ROE — — 0.00 (287.08) 140.47 (334.65) (49.20) (50.09) (61.15) (74.41) (20.15) (74.4) pt
People
People Employees — — — 5 5 210 259 279 340 321 — +100.1%
Revenue/emp, $m — — — 0.00 4.23 0.16 0.25 0.34 0.30 0.33 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

BlackSky Technology Inc. vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BV BrightView Holdings, Inc. $1.1B — (loss-making) — (loss-making) +1.31% (above 0%: growing) n/m +69.17% (above 0%: growing) 21.17% 4.50% Compare
TH Target Hospitality Corp. $1.0B — (loss-making) — (loss-making) +38.71% (above 0%: growing) n/m +486.17% (above 0%: growing) 18.49% (8.77%) Compare
RHLD Resolute Holdings Management, Inc. $1.0B 23.4× — +295.65% (above 0%: growing) n/m +64.98% (above 0%: growing) 34.87% 7.44% Compare
LZ LegalZoom.com, Inc. $1.0B 51.2× 27.7× +2.62% (above 0%: growing) +66.67% (above 0%: growing) −27.39% (below 0%: shrinking) 70.75% 6.94% Compare
TRNS Transcat, Inc. $944.1M 208× 150× +18.01% (above 0%: growing) +83.57% (above 0%: growing) −28.28% (below 0%: shrinking) 33.61% 5.18% Compare
BKSY BlackSky Technology Inc. $782.5M — (loss-making) — (loss-making) +118.39% (above 0%: growing) n/m +100.16% (above 0%: growing) 0.00% 0.95%
KODK Eastman Kodak Company $725.9M — (loss-making) 32.5× +2.60% (above 0%: growing) n/m −129.41% (below 0%: shrinking) 26.45% 5.43% Compare
CASS Cass Information Systems, Inc $695.5M 19.1× 17.3× +12.24% (above 0%: growing) +23.88% (above 0%: growing) +625.84% (above 0%: growing) 92.56% 0.00% Compare
EBF Ennis, Inc. $530.2M 13.6× — (loss-making) +3.37% (above 0%: growing) −27.45% (below 0%: shrinking) +21.39% (above 0%: growing) 29.89% 13.31% Compare
Median of peers $982.0M 23.4× 30.1× +7.81% +45.28% +43.19% 31.75% 5.31%

All 45 Specialty Business Services stocks →

Pay and ownership Proxy statement filed 23 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.76m 13.31m 152.19
2024 2.54m 2.85m 87.58
2023 3.45m 3.38m 90.91

Ownership

Directors and executive officers, together 5.20%
Entities affiliated with Mithril LP 5.70%
BlackRock, Inc. 5.60%
Seahawk SPV Investment LLC 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

BlackSky Technology Inc. (BKSY) Latest News

19 Oct

14 Oct

12 Oct

Impact 3 · · Trefis

13 Aug

Impact 3 · · The Motley Fool transcript
stockrow.com/BKSY · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com