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BlackSky Technology Inc.

BKSYIndustrialsNASDAQ

Specialty Business Services

PriceMA150MA200
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Financials · Annual
Revenue
$106.6M
+4.4% YoY
Net Income
-$70.3M
-22.8% YoY
EBITDA
-$24.2M
-4371.4% YoY
Free Cash Flow
-$56.8M

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About BlackSky Technology Inc.

BlackSky Technology Inc. operates as a space-based technology company in the United States and internationally. The $1.80B market capitalization puts BKSY squarely in small-cap range for its industry. The company offers space-based intelligence and artificial intelligence (AI) services, mission solutions, and advanced technology programs consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the company's technology.

Key stats
Market Cap$1.80B
Fwd P/E-88.94
EPS$-2.49
Beta2.44
52W Change+332.0%
ROE-102.7%
Analysis

The company holds $115.5M in cash, though total debt stands at $210.9M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$56.8M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -102.7% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $65.3M (2022) to $106.6M (2025), reflecting a 63% increase over the period.

A beta of 2.44 means BKSY is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for BlackSky Technology Inc. and its sector.

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