NYSE$BKSY

Blacksky Technology Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

BlackSky Technology reported Q4 2025, revenue of $35M, net loss of $19.4M.

For Q4 2025, BlackSky Technology reported revenue of $35M, a net loss of $19.4M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $35M.
  • Net loss $19.4M.
  • BlackSky Technology MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$35M

Previous: $30.4M+15.1%
EPS (adj)

-$0.02

Previous: -$1.01+98.0%
Adjusted EBITDA

$8.82M

Previous: $7.38M+19.6%
Backlog

$345M

No prior period
Cost of Sales %

27.0%

No prior period
Cash Operating Expenses

$17.7M

Previous: $16.9M+4.7%
Capital Expenditures

$12.7M

No prior period
Increase in Cash

$29.2M

No prior period
Net Income

-$19.4M

Previous: -$19.2M-0.9%
Operating Income

-$4.16M

Previous: -$6.09M+31.8%
Gross Profit

$25.6M

Previous: $13.5M+88.8%

Revenue & EPS history

Blacksky · Revenue · Quarterly

$35M

Q4 2025+15.1%vs Q4 2024
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

Blacksky · $21.3M total across 2 segments · Q3 2023

  • Space-based Intelligence & AI
    $15.3M+2.1%
  • Mission Solutions
    $6M+208.6%

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-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
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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