BlackSky Technology (NYSE:BKSY) Posts Earnings Results, Beats Estimates By $0.06 EPS

BlackSky Technology (NYSE:BKSY) issued its earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.06, Zacks reports. BlackSky Technology had a negative return on equity of 54.48% and a negative net margin of 87.11%.

Here are the key takeaways from BlackSky Technology’s conference call:

• BlackSky deployed and commercialized three Gen-3 satellites in 2025 delivering validated on-orbit 35 centimeter imaging (one satellite entered commercial ops three weeks after launch) and plans to have about 8–9 Gen-3s on orbit by the end of 2026.
• Q4 revenue was $35.2M (+16% YoY) and full-year revenue $106.6M, the company posted a second consecutive year of positive adjusted EBITDA and guided 2026 revenue to $120–145M with adjusted EBITDA of $6–18M.
• Strong commercial momentum with $240M of contract bookings and a backlog of $345M, while international customers now represent over half of revenue and are driving both subscription and mission‑solutions growth.
• Balance sheet and liquidity were materially strengthened—cash and equivalents of $125.6M, vendor launch financing of $37.4M, and total liquidity in excess of $225M—supporting constellation deployments and CapEx plans.
• Growth remains lumpy and timing-sensitive—large satellite sales and milestone billing concentrated revenue in Q4, sales cycles for sovereign deals are typically 12–18 months, and U.S. government funding (EOCL) timing and allocation remain uncertain and conservatively modeled in the guide.

BlackSky Technology Stock Performance

NYSE:BKSY traded up $0.00 during mid-day trading on Thursday, reaching $20.19. 970,682 shares of the stock were exchanged, compared to its average volume of 1,485,168. The stock has a market capitalization of $726.71 million, a P/E ratio of -6.47 and a beta of 2.43. BlackSky Technology has a 1 year low of $6.15 and a 1 year high of $33.20. The company has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $20.68. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 2.08.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of BlackSky Technology in a research note on Monday, December 22nd. They issued a “buy” rating and a $23.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.60.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently made changes to their positions in BKSY. Strive Financial Group LLC acquired a new position in BlackSky Technology in the 4th quarter valued at about $26,000. XTX Topco Ltd purchased a new position in shares of BlackSky Technology in the 4th quarter valued at approximately $527,000. Tudor Investment Corp ET AL grew its stake in shares of BlackSky Technology by 56.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 109,744 shares of the company’s stock valued at $2,058,000 after purchasing an additional 39,479 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in BlackSky Technology in the 4th quarter valued at $231,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter worth $238,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.