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BlackSky Technology Inc.

BKSY NYSE Categories PDF
Technology · Hardware, Equipment & Parts · United States · Updated May 10, 3:30pm
$39.45
Price
$1.5B
Market Cap
340
Employees
2.44
Beta
Brian E. O'Toole
CEO
Business Description

BlackSky Technology Inc. provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operations of satellite and ground systems to commercial and government customers worldwide. The company processes a range of observations from its constellation, as well as various space, internet-of-things, and terrestrial based sensors and data feeds. Its products are used in government defense and intelligence; commercial, construction, and industrial; and catastrophe, climate, and environment applications. The company was incorporated in 2014 and is headquartered in Herndon, Virginia.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$40.62
+1.17 (+2.97%)
Day Range
$37.53 – $43.08
52-Week Range
$9.88 – $43.08
50-Day MA
$30.06
200-Day MA
$22.92
Volume
2,462,026.00
Analyst Price Targets
Low $23.00
Consensus $34.13
High $42.50
(9 analysts)
Share Structure
Outstanding 37,109,000.00
Float 30,817,799.00
Free Float 83.0%
High free float — 83.0% of shares trade freely, ~17% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-18.88
Stock Price: $39.45
EPS (Diluted): -2.09
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
6.64
Stock Price: $39.45
Total Equity: $94.88M
Shares: 33,576,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-113.41
Market Cap: $1.46B
Total Debt: $15.52M
Cash: $42.45M
EBITDA: -$24.85M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$602.6M
Market Cap: $1.46B
Total Debt: $15.52M
Cash: $42.45M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
66.9%
Gross Profit: $40.93M
Revenue: $106.58M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-44.0%
Operating Income: -$46.90M
Revenue: $106.58M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-65.9%
Net Income: -$70.26M
Revenue: $106.58M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-98.6%
Net Income: -$70.26M
Total Equity: $94.88M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-16.3%
Operating Income: -$46.90M
Tax Rate: -0.2%
Equity: $94.88M
Total Debt: $15.52M
Cash: $42.45M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
3.44
Current Assets: $207.83M
Current Liabilities: $60.50M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.16
Short-Term Debt: $7.94M
Long-Term Debt: $7.58M
Total Debt: $15.52M
Total Equity: $94.88M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$3.17
Revenue: $106.58M
Shares: 33,576,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$2.83
Total Equity: $94.88M
Shares: 33,576,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-1.33
Operating CF: -$28.31M
CapEx: -$16.21M
Shares: 33,576,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $39.45
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$70.26M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BKSY against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $34.1M $65.4M $94.5M $102.1M $106.6M
Cost of Revenue $34.7M $35.8M $33.8M $27.4M $65.6M
Gross Profit $-663,000 $29.5M $60.7M $74.7M $40.9M
Operating Expenses $119.5M $116.1M $116.7M $118.9M $87.8M
Operating Income -$120.1M -$86.5M -$56.0M -$44.3M -$46.9M
Net Income -$245.6M -$74.2M -$53.9M -$57.2M -$70.3M
EBITDA -$224.5M -$32.1M $434,000 $-542,000 -$24.8M
EPS $-26.94 $-5.04 $-3.18 $-2.67 $-2.09
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $165.6M $34.2M $32.8M $13.1M $42.4M
Total Current Assets $178.7M $88.5M $79.3M $106.7M $207.8M
Total Assets $305.8M $234.1M $224.1M $254.1M $387.3M
Current Liabilities $30.5M $26.9M $27.5M $26.0M $60.5M
Long-Term Debt $71.4M $76.2M $83.5M $105.7M $7.6M
Total Liabilities $126.1M $112.2M $130.9M $160.2M $292.4M
Total Equity $179.6M $121.9M $93.2M $94.0M $94.9M
Retained Earnings -$470.9M -$545.1M -$599.0M -$656.2M -$726.4M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$53.9M -$44.5M -$17.4M -$6.4M -$28.3M
Capital Expenditure -$1.3M -$11.7M -$43.7M -$15.7M -$16.2M
Free Cash Flow -$55.1M -$56.1M -$61.1M -$22.1M -$44.5M
Acquisitions (net) $302,000 $804,000 $9.5M $541,000 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $157.5M -$131.1M -$3.6M -$19.1M $29.2M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $177.6M
$170.3M – $184.6M
 $238.9M
$233.1M – $244.8M
 $302.4M
$283.6M – $325.9M
 $369.4M
$346.5M – $398.1M
EBITDA -$61.1M
-$63.5M – -$58.6M
 -$82.2M
-$84.2M – -$80.2M
 -$104.0M
-$112.1M – -$97.5M
 -$127.0M
-$136.9M – -$119.1M
Net Income -$26.8M
-$34.3M – -$12.4M
 $5.5M
$711,665 – $10.2M
 $30.9M
$28.4M – $34.0M
 $63.1M
$58.0M – $69.5M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +91.7% +44.6% +8.0% +4.4%
Gross Profit Growth +4,552.9% +105.6% +23.0% -45.2%
Operating Income Growth +28.0% +35.3% +20.9% -5.9%
Net Income Growth +69.8% +27.4% -6.2% -22.8%
EBITDA Growth +85.7% +101.4% -224.9% -4,484.1%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-03-31 Gordon Susan M. A-Award 894.00 $0.00 $0
2026-03-31 TOLONEN JAMES R A-Award 894.00 $0.00 $0
2026-03-31 Porteous William D. A-Award 894.00 $0.00 $0
2026-03-31 Abraham Magid M A-Award 894.00 $0.00 $0
2026-03-10 O'Toole Brian E A-Award 191,666.00 $0.00 $0
2026-03-11 O'Toole Brian E F-InKind 24,999.00 $24.00 $599,976
2026-03-10 Lin Christiana L A-Award 72,916.00 $0.00 $0
2026-03-11 Lin Christiana L F-InKind 13,741.00 $24.00 $329,784
2026-03-10 Dubois Henry Edward A-Award 77,083.00 $0.00 $0
2026-03-11 Dubois Henry Edward F-InKind 23,551.00 $24.00 $565,224
2026-03-11 Ward Tracy F-InKind 803.00 $24.00 $19,272
2025-12-31 Porteous William D. A-Award 1,200.00 $0.00 $0
2025-12-31 Abraham Magid M A-Award 1,200.00 $0.00 $0
2025-12-31 TOLONEN JAMES R A-Award 1,200.00 $0.00 $0
2025-12-31 Gordon Susan M. A-Award 1,200.00 $0.00 $0
2025-12-12 Ward Tracy S-Sale 700.00 $19.27 $13,489
2025-12-12 Lin Christiana L S-Sale 10,388.00 $19.27 $200,177
2025-12-12 Dubois Henry Edward S-Sale 12,912.00 $19.27 $248,814
2025-12-12 O'Toole Brian E S-Sale 13,416.00 $19.27 $258,526
2025-12-10 TOLONEN JAMES R A-Award 750.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27