BlackSky Technology
Satellite imagery subscriptions, sovereign systems, and AI-enabled monitoring for government missions.
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Profile
Provides subscription-based satellite imagery and AI analytics through On-Demand and Assured services, while Mission Solutions sells sovereign satellite systems and Advanced Technology Programs supports custom R&D and integration. Revenue is anchored in U.S. defense and intelligence agencies and international governments.
Combines a proprietary low-Earth-orbit satellite constellation with the BlackSky Spectra tasking and analytics platform to provide high-frequency imagery, automated monitoring, and AI-generated intelligence. Space-Based Intelligence & AI Services sells On-Demand and Assured subscriptions; Mission Solutions supplies sovereign satellite, ground-system, launch-support, operations, and training packages; Advanced Technology Programs funds customer-specific research and secure workflow integration.
Controls satellite design, manufacturing, constellation operations, ground infrastructure, and software, enabling rapid tasking and delivery while third-party sensor data can be fused into Spectra. The customer base is weighted toward U.S. defense and intelligence agencies and international governments, with commercial users a small share. Operations depend on satellite production and launch access, cloud and ground networks, U.S. remote-sensing and spectrum licenses, and government contracting rules.
Company facts
Categories
Key statistics
Year to date +13.9% · Average volume (30d) 968.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 9, 2026 | Jefferies | Reiterate | Hold | $50 | $33 | |
| Jun 1, 2026 | Jefferies | Downgrade | Buy | Hold | ||
| May 12, 2026 | Jefferies | Target | $23 | $50 | ||
| May 8, 2026 | Lake Street | Target | $36 | |||
| May 8, 2026 | Deutsche Bank | Target | $35 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.38 | −$0.54 | −43.3% | $30.7M | $33.3M | +8.4% | +10.37% |
| May 7, 2026Q1 FY26 | −$0.37 | −$0.82 | −121.6% | $27.6M | $20.8M | −24.7% | +22.36% |
| Feb 26, 2026Q4 FY25 | −$0.25 | −$0.19 | +24.0% | $37.1M | $35.2M | −5.1% | −5.70% |
| Nov 6, 2025Q3 FY25 | −$0.37 | −$0.35 | +5.4% | $37.1M | $19.6M | −47.2% | +1.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $29.5M | $22.2M | $19.6M | $35.2M | $20.8M | $33.3M | |
| Gross profit | $16.9M | $16.0M | $12.8M | $25.6M | $13.4M | −$7.8M | |
| Operating income | −$12.0M | −$13.9M | −$16.8M | −$4.2M | −$18.5M | −$7.8M | |
| Net income | −$12.8M | −$41.2M | −$15.3M | −$868.0K | −$29.7M | −$20.8M | |
| Diluted EPS | −$0.67 | −$1.27 | −$0.44 | −$0.02 | −$0.82 | −$0.54 | |
| Gross margin | 57.4% | 71.9% | 65.3% | 72.6% | 64.7% | -23.4% | |
| Operating margin | -40.5% | -62.8% | -85.8% | -11.8% | -89.2% | -23.4% |
Fiscal years (4-quarter sums)FY21 $34.1M · FY22 $65.4M · FY23 $94.5M · FY24 $102.1M · FY25 $106.6M
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $234.2M · Total debt $21.7M · Total assets $517.0M · Shareholders' equity $211.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 40.92M · Float 32.10M · 78.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.09M | 7.56% | 13F | Aug 7, 2026 |
| Peter Thiel | 2.33M | 6.60% | 13D | Aug 11, 2025 |
| Walleye Capital LLC | 1.84M | 6.06% | 13D/G | Nov 13, 2024 |
| Tema Etfs LLC | 1.45M | 3.54% | 13F | Jul 10, 2026 |
| Toroso Investments, LLC | 1.41M | 3.44% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 10, 2026 | Christiana L. Lin | officer: General Counsel & CAO | −12,001 | $34.10 |
| Jun 10, 2026 | Henry Edward Dubois | officer: Chief Financial Officer | −14,749 | $34.10 |
| Jun 10, 2026 | Brian E. O'Toole | director, officer: CEO and President | −15,512 | $34.10 |
| Dec 12, 2025 | Brian E. O'Toole | director, officer: CEO and President | −13,416 | $19.27 |
| Dec 12, 2025 | Henry Edward Dubois | officer: Chief Financial Officer | −12,912 | $19.27 |
Peers
- Planet Labs
Daily EO imagery and archive analytics across government markets
- Satellogic
Sub-meter EO imagery and asset monitoring for security users
- MDA Space
SAR geointelligence and EO analytics through RADARSAT and CHORUS
- L3Harris Technologies
Defense ISR and space sensors competing for mission budgets
- Spire Global
Space-based RF data analytics for government and commercial users
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BlackSky Technology | $23.40 | −1.29% | $969.8M | — | — | 8.9 | +50.1% |
| Planet Labs | $20.04 | +0.30% | $6.65B | — | — | 19.8 | +42.1% |
| Satellogic | $4.82 | −0.21% | $667.7M | — | — | 20.9 | +258.5% |
| MDA Space | $29.10 | +0.80% | $4.68B | 50.7 | 27.8 | 3.0 | — |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Spire Global | $13.53 | +2.88% | $428.5M | — | — | 6.9 | — |
| Median | 38.6 | 24.6 | 6.9 | +42.1% |