BlackSky Technology Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $106.6M | $102.1M | $94.5M | $65.3M | $34.1M |
| Selling, general & administrative | $87.4M | $74.1M | $72.6M | $79.7M | $86.7M |
| Research and development | $433,000 | $1.3M | $643,000 | $739,000 | $112,000 |
| Operating income | -$46.9M | -$44.3M | -$56.0M | -$86.5M | -$120.1M |
| Interest expense | $14.9M | $12.2M | $9.3M | $5.4M | $5.2M |
| Pretax income | -$70.1M | -$56.8M | -$53.2M | -$74.9M | -$244.0M |
| Income tax expense | $125,000 | $370,000 | $673,000 | $0 | $0 |
| Net income | -$70.3M | -$57.2M | -$53.9M | -$74.2M | -$245.6M |
| Balance Sheet | |||||
| Cash and equivalents | $42.4M | $13.1M | $32.8M | $34.2M | $165.6M |
| Current assets | $206.8M | $106.7M | $79.3M | $88.5M | $178.7M |
| Total assets | $386.2M | $254.1M | $224.1M | $234.1M | $305.8M |
| Current liabilities | $59.5M | $26.0M | $27.5M | $26.9M | $30.5M |
| Total liabilities | $291.4M | $160.2M | $130.9M | $112.2M | $126.1M |
| Total debt | $207.9M | $109.0M | $84.6M | $77.1M | $74.1M |
| Stockholders' equity | $94.9M | $94.0M | $93.2M | $121.9M | $179.6M |
| Cash Flow Statement | |||||
| Cash from operations | -$28.3M | -$6.4M | -$17.4M | -$44.5M | -$53.9M |
| Depreciation and amortization | $30.3M | $43.5M | $43.4M | $35.7M | $14.3M |
| Stock-based compensation | $14.2M | $11.2M | $10.9M | $20.0M | $42.6M |
| Capital expenditure | $16.2M | $15.7M | $15.3M | $11.7M | $1.3M |
| Free cash flow | -$44.5M | -$22.1M | -$32.7M | -$56.1M | -$55.1M |
| Share repurchases | — | — | $0 | $30,000 | $0 |
| Impairments | — | — | — | $0 | $18.4M |
Shares outstanding 37.1M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.