Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data BlackSky Technology Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
21.1
34.1
65.4
94.5
102
107
Research and development
0.26
0.11
0.74
0.64
1.34
0.43
Selling, general and administrative
28.6
86.7
79.7
72.6
74.1
87.4
Operating income
-0
-0.26
-41.4
-120
-86.5
-56
-44.3
-46.9
Interest expense
5.2
5.17
5.43
9.31
12.2
14.9
Interest income
0.71
0
1.12
2.06
1.56
3.8
Other non-operating income
-6.85
-12.1
-148
2.08
-1.81
0
0.06
Pre-tax income
-0
-7.12
-47.7
-244
-74.9
-53.2
-56.8
-70.1
Income tax
0.09
0
0
0
0.67
0.37
0.13
Income from continuing operations
-47.7
-244
-74.9
-53.9
Net income
-0
-7.21
-19.5
-246
-74.2
-53.9
-57.2
-70.3
EBITDA
-31.6
-106
-50.9
-12.5
-0.75
-16.6
EPS, basic
0.00
-3.36
-4.77
-26.95
-5.01
-3.18
-2.67
-2.09
EPS, diluted
0.00
-3.36
-4.77
-26.95
-5.01
-3.18
-2.67
-2.09
Shares, basic (weighted)
0.05
2.28
4.15
9.11
14.8
16.9
21.4
33.6
Shares, diluted (weighted)
0.05
2.28
4.15
9.11
14.8
16.9
21.4
33.6
Balance sheet
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.04
37.2
5.1
166
34.2
32.8
13.1
42.4
Short-term investments
0
38
19.7
39.4
82
Receivables
2.9
2.63
3.11
7.07
14.7
34.1
Inventory
0
6.04
6.18
Other current assets
0.2
0.97
6.26
4.71
3.92
0.38
0.22
Total current assets
0.04
1.29
18.2
179
88.5
79.3
107
207
Property, plant and equipment
20.9
70.6
71.6
67.1
45.6
79
Lease right-of-use assets
0
3.59
1.63
4.03
3.42
Goodwill
9.39
9.39
9.39
9.39
10.3
10.3
Intangible assets
3.83
2.48
1.92
1.36
5.45
4.42
Other non-current assets
1.66
0.56
2.84
9.26
1.46
1.64
Total assets
0.21
318
120
306
234
224
254
386
Accounts payable
0
0.18
4.18
1.72
2.42
11.6
20.4
14.9
Accrued liabilities
0
Deferred revenue
14.5
11.3
6.78
Short-term debt
16.7
0
0
1.93
7.94
Total current liabilities
0.19
0.28
55.4
30.5
26.9
27.5
26
59.5
Long-term debt
84.9
71.4
76.2
83.5
106
193
Lease liabilities
0
3.13
3.04
8.05
7.58
Other non-current liabilities
3.61
0.65
0.83
1.72
2.39
10.5
Total liabilities
0.19
33.2
153
126
112
131
160
291
Total debt
102
71.4
76.2
83.5
108
201
Paid-in capital
0.02
12.2
191
651
667
692
750
821
Retained earnings
-0
-7.21
-224
-471
-545
-599
-656
-726
Shareholders' equity
0.02
-18.3
-32.8
180
122
93.2
94
94.9
Total equity
0.02
-18.3
-32.8
180
122
93.2
94
94.9
Total liabilities and equity
0.21
318
120
306
234
224
254
386
Shares outstanding
0.06
2.3
4.36
14.4
15
17.9
30.7
35.9
Cash flow statement
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-0
-7.21
-19.5
-246
-74.2
-53.9
-57.2
-70.3
Depreciation and amortization
9.8
14.3
35.7
43.4
43.5
30.3
Stock-based compensation
1.98
42.6
20
10.9
11.2
14.2
Deferred income tax
-0
0
0
0
0
0
0
Change in receivables
1.43
0.22
-0.46
-4.14
-7.78
-19.5
Change in payables
0
0.18
2.48
2.54
-0.07
3.32
-4.08
-9.39
Cash from operations
-0
-0.29
-31.7
-53.9
-44.5
-17.4
-6.38
-28.3
Purchases of investments
0
-50.3
-40.1
-52.9
-128
Cash from investing
-316
-9.77
-63.6
-81.6
-15.2
-68.3
-86.6
Debt issued
3.6
58.6
0
0
20
185
Debt repaid
0
-22.2
0
0
-10
-84.5
Stock issued
0.03
0.03
0.13
0.05
0.01
0.31
2.01
Cash from financing
0.04
318
3.44
275
-5.05
29.1
55.7
144
Net change in cash
0.04
1.04
-38
158
-131
-3.58
-19.1
29.2
Interest paid
1.11
0.38
0.01
0.99
2.52
34
Income taxes paid
0.35
0
0.46
0.48
0.2
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $23.25 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-43.4%
Operating income / revenue.
EBITDA margin
-13.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-61.2%
Pre-tax income / revenue.
Net margin
-61.2%
Net income / revenue.
Operating cash flow margin
-49.7%
Cash from operations / revenue.
Return on equity (ROE)
-31.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-12.9%
Net income / average total assets.
Return on invested capital (ROIC)
-9.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
0.6%
Research and development expense / revenue.
SG&A / revenue
82.3%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
15.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
30.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
4.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
17.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
38.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
0.9%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-8.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
52.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
18.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
26.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
56.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
31.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
51.9%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
5.83x
Current assets / current liabilities.
Quick ratio
4.94x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
4.41x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.00x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
40.8%
Total debt / total assets.
Liabilities / assets
59.1%
Total liabilities / total assets.
Net debt
-$23.3M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$2.83
Revenue / diluted weighted shares.
Operating cash flow per share
-$1.41
Cash from operations / diluted weighted shares.
Book value per share
$5.21
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
8.74x
Market cap / revenue.
P/B
4.50x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
4.81x
Market cap / tangible book value, when positive.
EV/Sales
8.52x
Enterprise value / revenue.
Earnings yield
-7.0%
Net income / market cap (the inverse of P/E).
What was BlackSky Technology Inc.'s revenue in fiscal 2025?
BlackSky Technology Inc. reported revenue of $106.6M for fiscal 2025, 4.4% higher than the year before.
Was BlackSky Technology Inc. profitable in fiscal 2025?
No. It reported a net loss of $70.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.