A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BKSY SEC filings page.
BlackSky Technology Inc. (BKSY) reported $108.9M in revenue over the twelve months to Jun 30, 2026, up 4.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
BlackSky remains an operating-loss business whose expanding asset base is being financed increasingly through debt and other capital.
In FY2025, a-44.0% operating margin coexisted with positive net income of$70K , indicating that reported earnings are being shaped by below-operating items rather than by the core operation. Operating cash flow was still-$28.3M , so the near-zero bottom line does not represent cash profitability.
Revenue edged from
Debt-to-equity rose from 1.1x to 2.0x in FY2025, alongside
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BlackSky Technology Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
BlackSky Technology Inc. held $124.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $28.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and BlackSky Technology Inc. scores 71/100 among other emerging companies.
BlackSky Technology Inc. had 37M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and BlackSky Technology Inc. scores 85/100 among other emerging companies.
BlackSky Technology Inc. spent $433K on research and development in fiscal year 2025, which was 0.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and BlackSky Technology Inc. scores 5/100 among other emerging companies.
BlackSky Technology Inc. reported revenue of $106.6M in fiscal year 2025, against $102.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and BlackSky Technology Inc. scores 50/100 among other emerging companies.
BlackSky Technology Inc.'s operations used $28.3M of cash in fiscal year 2025, against $6.4M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and BlackSky Technology Inc. scores 26/100 among other emerging companies.
BlackSky Technology Inc.'s cash, cash equivalents and investments came to $124.5M at the end of fiscal year 2025, against $291.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and BlackSky Technology Inc. scores 41/100 among other emerging companies.
BlackSky Technology Inc. scores -0.82, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $726.4M against total assets of $386.2M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BlackSky Technology Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
BlackSky Technology Inc. reported a net loss of $70.3M while operations used $28.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
BlackSky Technology Inc. reported an operating loss of $46.9M against $14.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
BlackSky Technology Inc. generated $33.3M in revenue in Q2 2026. This represents an increase of 50.1% from the same quarter a year earlier. Against the prior quarter it is up 60.4%.
BlackSky Technology Inc.'s EBITDA was $198K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
BlackSky Technology Inc. reported a net loss of $20.8M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
BlackSky Technology Inc. earned -$0.54 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
BlackSky Technology Inc. held $36.9M in cash against $199.2M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
BlackSky Technology Inc.'s operating margin was -23.4% in Q2 2026, reflecting core business profitability. This is up 39.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 65.8 percentage points.
BlackSky Technology Inc.'s net profit margin was -62.5% in Q2 2026, showing the share of revenue converted to profit. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
BlackSky Technology Inc.'s quarterly ROE was -9.8% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 37.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 26.9 percentage points.
Not reported for Q2 2026.
Capital Allocation
BlackSky Technology Inc. invested $291K in research and development in Q2 2026. This represents an increase of 1611.8% from the same quarter a year earlier. Against the prior quarter it is up 71.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
BKSY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.3M+50.1% | $20.8M-29.7% | $35.2M+15.9% | $19.6M-13.0% | $22.2M-11.0% | $29.5M+21.9% | $30.4M-14.5% | $22.5M+6.1% |
| R&D Expenses | $291K+1611.8% | $170K-30.6% | $141K-74.8% | $30K-30.2% | $17K-94.1% | $245K-46.3% | $559K+373.7% | $43K-67.7% |
| SG&A Expenses | $23.8M+4.9% | $22.6M+5.2% | $21.6M+13.0% | $21.7M+21.0% | $22.7M+24.4% | $21.4M+14.0% | $19.1M+10.1% | $18.0M+2.2% |
| Operating Income | -$7.8Mn/m | -$18.5Mn/m | -$4.2Mn/m | -$16.8Mn/m | -$13.9Mn/m | -$12.0Mn/m | -$6.1Mn/m | -$13.2Mn/m |
| EBITDA | $198Kn/m | -$9.3Mn/m | $3.9M+0.3% | -$9.0Mn/m | -$6.7Mn/m | -$4.7Mn/m | $3.9M-36.1% | -$2.1Mn/m |
| Interest Expense | $3.9M+10.1% | $3.9M+17.6% | $4.1M+20.0% | $4.0M+28.5% | $3.5M+15.8% | $3.3M+26.9% | $3.4M+26.2% | $3.1M+24.1% |
| Income Tax | $0-100.0% | $0-100.0% | $21K+5.0% | $39K+39.3% | $35K-86.1% | $30K-57.1% | $20K-95.2% | $28K-79.7% |
| Net Income | -$20.8Mn/m | -$29.7Mn/m | -$868Kn/m | -$15.3Mn/m | -$41.2Mn/m | -$12.8Mn/m | -$19.4Mn/m | -$12.6M-1965.3% |
| EPS (Basic) | -$0.54n/m | -$0.82n/m | $0.02n/m | -$0.44 | -$1.27 | -$0.42 | -$0.62 | -$0.66 |
| EPS (Diluted) | -$0.54n/m | -$0.82n/m | $0.02n/m | -$0.44 | -$1.27 | -$0.42 | -$0.62 | -$0.66 |
| Diluted Shares (Avg) | 38M+18.3% | 36M+17.3% | N/A | 35M | 32M | 31M | N/A | 19M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
BKSY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $517.0M+66.4% | $371.7M+30.5% | $386.2M+52.0% | $380.9M+55.2% | $310.8M+38.6% | $284.9M+35.6% | $254.1M+13.4% | $245.5M+15.3% |
| Current Assets | $309.8M+123.2% | $185.3M+52.7% | $206.8M+93.7% | $201.0M+88.8% | $138.8M+68.3% | $121.3M+74.9% | $106.7M+34.5% | $106.5M+50.6% |
| Cash & Equivalents | $36.9M+63.6% | $39.4M+89.8% | $42.4M+225.1% | $28.8M-48.7% | $22.6M-11.7% | $20.7M+38.6% | $13.1M-60.2% | $56.2M+74.7% |
| Short-Term Investments | $197.3M+177.0% | $76.1M+38.2% | $82.0M+108.1% | $117.7M+1559.7% | $71.2M+354.3% | $55.1M+169.6% | $39.4M+100.1% | $7.1M-59.6% |
| Inventory | $6.2Mn/m | $6.2Mn/m | $6.2M+2.2% | $0 | $0 | $0 | $6.0Mn/m | N/A |
| Accounts Receivable | $28.0M+305.4% | $24.6M+210.5% | $34.1M+132.2% | $4.0M-61.4% | $6.9M-16.1% | $7.9M+42.0% | $14.7M+107.9% | $10.3M+278.9% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $10.3M0.0% | $10.3M-0.2% | $10.3M+0.2% | $10.3M+9.4% | $10.3M+9.4% | $10.3M+9.7% | $10.3M+9.2% | $9.4M0.0% |
| Total Liabilities | $305.5M+36.2% | $290.9M+48.4% | $291.4M+81.9% | $289.8M+114.4% | $224.2M+51.8% | $196.0M+52.7% | $160.2M+22.3% | $135.2M+12.0% |
| Current Liabilities | $53.1M+42.0% | $53.6M+67.4% | $59.5M+128.5% | $51.7M+175.4% | $37.4M+90.0% | $32.0M+85.4% | $26.0M-5.3% | $18.8M+0.5% |
| Non-Current Liabilities | $252.4M+35.1% | $237.4M+44.7% | $231.9M+72.9% | $238.1M+104.5% | $186.8M+45.9% | $164.0M+47.6% | $134.1M+29.7% | $116.4M+14.2% |
| Long-Term Debt | $199.2M+69.8% | $193.4M+73.3% | $193.2M+82.7% | $189.3M+92.3% | $117.3M+8.3% | $111.6M+31.8% | $105.7M+26.6% | $98.4M+23.8% |
| Total Equity | $211.5M+144.4% | $80.8M-9.1% | $94.9M+0.9% | $91.1M-17.4% | $86.6M+13.1% | $88.8M+8.7% | $94.0M+0.9% | $110.3M+19.7% |
| Retained Earnings | -$776.9Mn/m | -$756.1Mn/m | -$726.4Mn/m | -$725.6Mn/m | -$710.2Mn/m | -$669.0Mn/m | -$656.2Mn/m | -$636.8Mn/m |
BKSY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.5Mn/m | -$2.4M-108.6% | -$9.3Mn/m | -$39.0M-3864.0% | -$7.3Mn/m | $27.2Mn/m | -$1.8Mn/m | $1.0Mn/m |
| Depreciation & Amortization | $8.0M+10.9% | $9.2M+27.8% | $8.0M-19.2% | $7.9M-29.3% | $7.2M-36.1% | $7.2M-35.3% | $9.9M-7.0% | $11.1M-1.6% |
| Stock-Based Compensation | $4.3M+24.8% | $4.1M+41.7% | N/A | $3.7M+45.1% | $3.5M+46.2% | $2.9M-13.9% | N/A | $2.5M+4.9% |
| Investing Cash Flow | -$135.6Mn/m | -$9.3Mn/m | $23.8Mn/m | -$60.6Mn/m | -$25.7Mn/m | -$24.1Mn/m | -$40.9Mn/m | -$4.4Mn/m |
| Financing Cash Flow | $144.6M+315.8% | $9.5M+116.0% | -$866Kn/m | $105.8M+210.7% | $34.8M+65.5% | $4.4M+412.8% | -$243K-117.9% | $34.0Mn/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
BKSY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -23.4%+39.4pp | -89.2%-48.7pp | -11.8%+8.2pp | -85.8%-27.1pp | -62.8%-15.8pp | -40.6%+14.1pp | -20.0%-7.0pp | -58.7%+9.6pp |
| Net Margin | -62.5% | -142.8% | -2.5%+61.5pp | -78.2%-22.4pp | -185.8% | -43.4%+21.9pp | -63.9%-53.3pp | -55.8%-59.0pp |
| Return on Equity | -9.8%+37.8pp | -36.7%-22.3pp | -0.9%+19.7pp | -16.9%-5.4pp | -47.6%-35.4pp | -14.4%+4.9pp | -20.7%-16.6pp | -11.4%-12.2pp |
| Return on Assets | -4.0%+9.2pp | -8.0%-3.5pp | -0.2%+7.4pp | -4.0%+1.1pp | -13.3%-9.1pp | -4.5%+3.0pp | -7.6%-5.9pp | -5.1%-5.5pp |
| Current Ratio | 5.83+2.1x | 3.46-0.3x | 3.48-0.6x | 3.89-1.8x | 3.71-0.5x | 3.79-0.2x | 4.10+1.2x | 5.68+1.9x |
| Debt-to-Equity | 0.94-0.4x | 2.39+1.1x | 2.04+0.9x | 2.08+1.2x | 1.35-0.1x | 1.26+0.2x | 1.13+0.2x | 0.890.0x |
| Liabilities-to-Equity | 1.44-1.1x | 3.60+1.4x | 3.07+1.4x | 3.18+2.0x | 2.59+0.7x | 2.21+0.6x | 1.70+0.3x | 1.23-0.1x |
| Asset Turnover | 0.060.0x | 0.060.0x | 0.090.0x | 0.050.0x | 0.070.0x | 0.100.0x | 0.120.0x | 0.090.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BlackSky Technology Inc. BKSY | FY2025 | $106.6M | -$70.3M | -65.9% | $719.5M | 46/100 |
| Cass Information Systems Inc CASS | FY2025 | $191.1M | $35.1M | 18.4% | $700.5M | 55/100 |
| Transcat Inc TRNS | FY2026 | $331.9M | $5.4M | 1.6% | $766.8M | 55/100 |
| EASTMAN KODAK COMPANY KODK | FY2025 | $1.1B | -$128.0M | -12.0% | $916.3M | 58/100 |
| Spire Global, Inc. SPIR | FY2025 | $71.6M | $51.3M | 71.7% | $354.4M | 21/100 |
| Target Hospitality Corp. TH | FY2025 | $320.6M | -$37.1M | -11.6% | $1.4B | 45/100 |
Where BlackSky Technology Inc. Ranks
Frequently Asked Questions
What is BlackSky Technology Inc.'s annual revenue?
BlackSky Technology Inc. (BKSY) reported $106.6M in total revenue for fiscal year 2025. This represents a 4.4% 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 4.4% year-over-year, from $102.1M to $106.6M in fiscal year 2025.
Is BlackSky Technology Inc. profitable?
No, BlackSky Technology Inc. (BKSY) reported a net loss of $66.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $70.3M, with a net profit margin of -65.9%.
What is BlackSky Technology Inc.'s EBITDA?
BlackSky Technology Inc. (BKSY) had EBITDA of -$16.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BlackSky Technology Inc. have?
As of fiscal year 2025, BlackSky Technology Inc. (BKSY) had $42.4M in cash and equivalents against $193.2M in long-term debt.
What is BlackSky Technology Inc.'s operating margin?
BlackSky Technology Inc. (BKSY) had an operating margin of -44.0% in fiscal year 2025, 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 -65.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is BlackSky Technology Inc.'s return on equity (ROE)?
BlackSky Technology Inc. (BKSY) has a return on equity of -74.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BlackSky Technology Inc.'s operating cash flow?
BlackSky Technology Inc. (BKSY) recorded an outflow of $28.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are BlackSky Technology Inc.'s total assets?
BlackSky Technology Inc. (BKSY) had $386.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does BlackSky Technology Inc. spend on research and development?
BlackSky Technology Inc. (BKSY) invested $433K in research and development during fiscal year 2025.
What is BlackSky Technology Inc.'s current ratio?
BlackSky Technology Inc. (BKSY) had a current ratio of 3.48 as of fiscal year 2025, 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 2.04 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is BlackSky Technology Inc.'s liabilities-to-equity ratio?
BlackSky Technology Inc. (BKSY) had a liabilities-to-equity ratio of 3.07 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is BlackSky Technology Inc.'s return on assets (ROA)?
BlackSky Technology Inc. (BKSY) had a return on assets of -18.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BlackSky Technology Inc.'s P/E ratio?
BlackSky Technology Inc. (BKSY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $719.5M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BlackSky Technology Inc.'s price-to-sales ratio?
BlackSky Technology Inc. (BKSY) trades at 6.6x sales, its market capitalization divided by $108.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $719.5M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does BlackSky Technology Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, BlackSky Technology Inc. (BKSY) held $124.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $28.3M over that year. Dividing the one by the other, the reported balance equals about 53 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is BlackSky Technology Inc.'s Altman Z-Score?
BlackSky Technology Inc. (BKSY) has an Altman Z-Score of -0.82, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is BlackSky Technology Inc.'s Piotroski F-Score?
BlackSky Technology Inc. (BKSY) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $70.3M while operations used $28.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $46.9M against $14.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 46 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.