NYSE$BKSY

Blacksky Technology Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

BlackSky Technology Inc reported Q2 2025 results with total revenue of $22.2 million and a net loss of $41.2 million.

BlackSky reported total revenue of $22.2 million for the three months ended June 30, 2025, down from $24.9 million in the prior year quarter. The company posted an operating loss of $13.9 million and a net loss of $41.2 million, or $1.27 per share, driven by a $24.4 million loss on derivatives. Cash and cash equivalents stood at $22.6 million with total assets of $310.8 million at quarter end.

  • Total revenue declined 11% year-over-year to $22.2 million, with imagery and software analytical services at $18.0 million and professional and engineering services at $4.2 million.
  • Net loss widened to $41.2 million primarily due to a $24.4 million loss on derivatives compared to a $5.3 million gain in Q2 2024.
  • Operating loss increased to $13.9 million as selling, general and administrative expenses rose 24% to $22.7 million.
  • Cash and cash equivalents grew to $22.6 million while total assets reached $310.8 million, supported by equity issuances during the quarter.

Headline financials

Total Revenue

$22.2M

Previous: $24.9M-11.0%
EPS (adj)

-$1.27

Previous: -$0.06-2016.7%
Capital Expenditures

-$8.1M

Previous: -$6.58M-23.1%
Net Income

-$41.2M

Previous: -$9.4M-338.9%
Operating Income

-$13.9M

Previous: -$11.7M-18.9%
Cash & Equivalents

$22.6M

Previous: $25.6M-11.7%
Total Assets

$311M

Previous: $224M+38.6%

Revenue & EPS history

Blacksky · Revenue · Quarterly

$22.2M

Q2 2025-11%vs Q2 2024
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Blacksky · $22.2M total across 2 segments · Q2 2025

  • Imagery & software analytical services
    $18M
  • Professional & engineering services
    $4.22M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-2.8%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

17%

4 / 24 earnings

Positive

+31.5%

Q1 2025

Best reaction

-24.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-20.6%-0.7%-14.2%
Q4 2025-0.2%+12.5%+15.4%
Q3 2025-11.5%-14.4%-2.6%
Q1 2025+31.5%+35.5%+47.6%
Q4 2024-24.2%-31.1%-48.4%
Q3 2024+6.3%-6.3%+42.1%
Q2 2024+11.5%+10.4%-16.7%
Q1 2024-4.7%-8.7%-18.1%
Q4 2023-13.4%-7.9%-17.1%
Q3 2023-1.7%-3.3%+11.7%
Q2 2023-10.9%-14.7%-31.0%
Q1 2023+6.0%+10.3%+47.0%
Q4 2022-11.9%-24.4%-28.5%
Q3 2022-5.0%-4.4%+16.1%
Q2 2022-0.8%-1.2%-17.3%
Q1 2022-1.7%+4.2%+76.5%
Q4 2021-6.6%-2.3%-30.2%
Q3 2021-7.9%-5.9%-21.8%
Q2 2021-0.1%+0.4%-0.4%
Q1 2021+0.0%+0.0%+0.4%
Q4 2020-0.5%-1.1%-3.4%
Q3 2020-0.2%-0.2%+2.0%
Q1 2020-1.3%-0.5%+0.7%
Q2 2020+0.0%+0.1%-1.9%
Q3 2019

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