Blacksky Technology Inc Financials
This page shows Blacksky Technology Inc (BKSY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Blacksky Technology Inc has an operating margin of -43.4%, meaning the company retains $-43 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -59.2% the prior year.
Blacksky Technology Inc's revenue grew 8.0% year-over-year to $102.1M, a solid pace of expansion. This earns a growth score of 52/100.
Blacksky Technology Inc carries a low D/E ratio of 1.13, meaning only $1.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.10, Blacksky Technology Inc holds $4.10 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Blacksky Technology Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Blacksky Technology Inc generates $0.11 in operating cash flow (-$6.4M OCF vs -$57.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Blacksky Technology Inc earns $-3.6 in operating income for every $1 of interest expense (-$44.3M vs $12.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Blacksky Technology Inc generated $102.1M in revenue in fiscal year 2024. This represents an increase of 8.0% from the prior year.
Blacksky Technology Inc's EBITDA was -$752K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 94.0% from the prior year.
Blacksky Technology Inc reported -$57.2M in net income in fiscal year 2024. This represents a decrease of 6.2% from the prior year.
Blacksky Technology Inc earned $-2.67 per diluted share (EPS) in fiscal year 2024. This represents an increase of 16.0% from the prior year.
Blacksky Technology Inc held $13.1M in cash against $105.7M in long-term debt as of fiscal year 2024.
Blacksky Technology Inc had 31M shares outstanding in fiscal year 2024. This represents an increase of 71.7% from the prior year.
Blacksky Technology Inc's operating margin was -43.4% in fiscal year 2024, reflecting core business profitability. This is up 15.9 percentage points from the prior year.
Blacksky Technology Inc's net profit margin was -56.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.
Blacksky Technology Inc invested $1.3M in research and development in fiscal year 2024. This represents an increase of 109.0% from the prior year.
BKSY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.6M-11.6% | $22.2M-24.9% | $29.5M-2.7% | $30.4M+21.8% | $24.9M+2.9% | $24.2M-31.7% | $35.5M+67.0% | $21.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $30K+76.5% | $17K-93.1% | $245K-56.2% | $559K+95.5% | $286K-37.3% | $456K+286.4% | $118K-11.3% | $133K |
| SG&A Expenses | $21.7M-4.1% | $22.7M+5.7% | $21.4M+12.4% | $19.1M+4.7% | $18.2M-3.2% | $18.8M+8.6% | $17.3M-1.4% | $17.6M |
| Operating Income | -$16.8M-20.7% | -$13.9M-16.4% | -$12.0M-96.9% | -$6.1M+48.1% | -$11.7M+11.6% | -$13.3M-185.4% | -$4.6M+68.0% | -$14.5M |
| Interest Expense | $4.0M+15.0% | $3.5M+5.0% | $3.3M-1.2% | $3.4M+11.7% | $3.0M+15.0% | $2.6M-1.7% | $2.7M+5.8% | $2.5M |
| Income Tax | $39K+11.4% | $35K+16.7% | $30K+50.0% | $20K-92.1% | $252K+260.0% | $70K-83.1% | $413K+199.3% | $138K |
| Net Income | -$15.3M+62.8% | -$41.2M-221.9% | -$12.8M+34.0% | -$19.4M-106.7% | -$9.4M+40.6% | -$15.8M-317.4% | -$3.8M-661.2% | $675K |
| EPS (Diluted) | $-0.44+65.4% | $-1.27-202.4% | $-0.42+31.1% | $-0.61 | $-0.52+40.9% | $-0.88 | $-2.84 | $0.04 |
BKSY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $380.9M+22.5% | $310.8M+9.1% | $284.9M+12.1% | $254.1M+13.3% | $224.3M+6.8% | $210.1M-6.2% | $224.1M+5.3% | $212.8M |
| Current Assets | $201.0M+44.8% | $138.8M+14.4% | $121.3M+13.7% | $106.7M+29.5% | $82.4M+18.9% | $69.4M-12.6% | $79.3M+12.2% | $70.7M |
| Cash & Equivalents | $28.8M+27.8% | $22.6M+8.7% | $20.7M+58.9% | $13.1M-48.9% | $25.6M+70.7% | $15.0M-54.4% | $32.8M+2.1% | $32.1M |
| Inventory | $0 | $0 | $0-100.0% | $6.0M | N/A | N/A | $0 | N/A |
| Accounts Receivable | $4.0M-42.5% | $6.9M-13.0% | $7.9M-46.1% | $14.7M+78.9% | $8.2M+47.2% | $5.6M-21.1% | $7.1M+160.5% | $2.7M |
| Goodwill | $10.3M0.0% | $10.3M-0.2% | $10.3M+0.4% | $10.3M+9.2% | $9.4M0.0% | $9.4M0.0% | $9.4M0.0% | $9.4M |
| Total Liabilities | $289.8M+29.2% | $224.2M+14.4% | $196.0M+22.4% | $160.2M+8.4% | $147.8M+15.1% | $128.4M-1.9% | $130.9M+8.5% | $120.7M |
| Current Liabilities | $51.7M+38.1% | $37.4M+16.9% | $32.0M+23.0% | $26.0M+32.2% | $19.7M+14.0% | $17.3M-37.2% | $27.5M+47.3% | $18.7M |
| Long-Term Debt | $189.3M+61.4% | $117.3M+5.1% | $111.6M+5.5% | $105.7M-2.3% | $108.3M+27.8% | $84.7M+1.4% | $83.5M+5.1% | $79.5M |
| Total Equity | $91.1M+5.2% | $86.6M-2.6% | $88.8M-5.5% | $94.0M+22.8% | $76.5M-6.3% | $81.7M-12.3% | $93.2M+1.1% | $92.1M |
| Retained Earnings | -$725.6M-2.2% | -$710.2M-6.2% | -$669.0M-2.0% | -$656.2M-5.1% | -$624.2M-1.5% | -$614.8M-2.6% | -$599.0M-0.6% | -$595.2M |
BKSY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$39.0M-435.1% | -$7.3M-126.7% | $27.2M+1599.4% | -$1.8M-1.4% | -$1.8M+53.0% | -$3.8M-134.8% | -$1.6M-838.2% | -$173K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$60.6M-135.9% | -$25.7M-6.4% | -$24.1M+40.9% | -$40.9M-414.7% | -$7.9M+47.4% | -$15.1M-5354.2% | -$277K+96.7% | -$8.3M |
| Financing Cash Flow | $105.8M+204.2% | $34.8M+686.6% | $4.4M+1918.9% | -$243K-101.2% | $21.0M+2336.5% | $862K-36.7% | $1.4M+366.9% | -$510K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BKSY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -85.8%-23.0pp | -62.8%-22.2pp | -40.6%-20.5pp | -20.0%+27.0pp | -47.0%+7.7pp | -54.7%-41.6pp | -13.1%+55.2pp | -68.3% |
| Net Margin | -78.2%+107.6pp | -185.8%-142.4pp | -43.4%+20.6pp | -63.9%-26.3pp | -37.7%+27.5pp | -65.2%-54.6pp | -10.7%-13.8pp | 3.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7% |
| Return on Assets | -4.0%+9.2pp | -13.3%-8.8pp | -4.5%+3.1pp | -7.6%-3.4pp | -4.2%+3.3pp | -7.5%-5.8pp | -1.7%-2.0pp | 0.3% |
| Current Ratio | 3.89+0.2 | 3.71-0.1 | 3.79-0.3 | 4.10-0.1 | 4.19+0.2 | 4.02+1.1 | 2.89-0.9 | 3.79 |
| Debt-to-Equity | 2.08+0.7 | 1.35+0.1 | 1.26+0.1 | 1.13-0.3 | 1.41+0.4 | 1.04+0.1 | 0.90+0.0 | 0.86 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Blacksky Technology Inc's annual revenue?
Blacksky Technology Inc (BKSY) reported $102.1M in total revenue for fiscal year 2024. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Blacksky Technology Inc's revenue growing?
Blacksky Technology Inc (BKSY) revenue grew by 8% year-over-year, from $94.5M to $102.1M in fiscal year 2024.
Is Blacksky Technology Inc profitable?
No, Blacksky Technology Inc (BKSY) reported a net income of -$57.2M in fiscal year 2024, with a net profit margin of -56.0%.
What is Blacksky Technology Inc's earnings per share (EPS)?
Blacksky Technology Inc (BKSY) reported diluted earnings per share of $-2.67 for fiscal year 2024. This represents a 16.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Blacksky Technology Inc's EBITDA?
Blacksky Technology Inc (BKSY) had EBITDA of -$752K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Blacksky Technology Inc have?
As of fiscal year 2024, Blacksky Technology Inc (BKSY) had $13.1M in cash and equivalents against $105.7M in long-term debt.
What is Blacksky Technology Inc's operating margin?
Blacksky Technology Inc (BKSY) had an operating margin of -43.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Blacksky Technology Inc's net profit margin?
Blacksky Technology Inc (BKSY) had a net profit margin of -56.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Blacksky Technology Inc's operating cash flow?
Blacksky Technology Inc (BKSY) generated -$6.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Blacksky Technology Inc's total assets?
Blacksky Technology Inc (BKSY) had $254.1M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Blacksky Technology Inc spend on research and development?
Blacksky Technology Inc (BKSY) invested $1.3M in research and development during fiscal year 2024.
How many shares does Blacksky Technology Inc have outstanding?
Blacksky Technology Inc (BKSY) had 31M shares outstanding as of fiscal year 2024.
What is Blacksky Technology Inc's current ratio?
Blacksky Technology Inc (BKSY) had a current ratio of 4.10 as of fiscal year 2024, which is generally considered healthy.
What is Blacksky Technology Inc's debt-to-equity ratio?
Blacksky Technology Inc (BKSY) had a debt-to-equity ratio of 1.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blacksky Technology Inc's return on assets (ROA)?
Blacksky Technology Inc (BKSY) had a return on assets of -22.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Blacksky Technology Inc's cash runway?
Based on fiscal year 2024 data, Blacksky Technology Inc (BKSY) had $13.1M in cash against an annual operating cash burn of $6.4M. This gives an estimated cash runway of approximately 25 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Blacksky Technology Inc's Piotroski F-Score?
Blacksky Technology Inc (BKSY) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Blacksky Technology Inc's earnings high quality?
Blacksky Technology Inc (BKSY) has an earnings quality ratio of 0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Blacksky Technology Inc cover its interest payments?
Blacksky Technology Inc (BKSY) has an interest coverage ratio of -3.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Blacksky Technology Inc?
Blacksky Technology Inc (BKSY) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.