BlackSky Technology Inc. (BKSY) AI Stock Analysis

BlackSky Technology Inc. specializes in delivering advanced geospatial intelligence, imagery, and comprehensive data analytic solutions to commercial and government customers worldwide. Founded in 2014 and based in Herndon, Virginia, the company develops, integrates, and operates satellite and ground systems. By combining its satellite constellation with space, internet-of-things (IoT), and terrestrial sensors, BlackSky provides real-time observations and actionable insights. Its offerings support government defense, intelligence, catastrophe response, climate monitoring, and environmental assessments, as well as commercial sectors like construction and industrial resource management.

Revenue grew from $34.1M in FY2021 to $106.6M in FY2025, recording a 5-year CAGR of 38.2% from FY2020 to FY2025. However, revenue growth decelerated from 91.7% in FY2022 and 44.6% in FY2023 to 8.0% in FY2024 and 4.4% in FY2025. Gross margin expanded significantly from -1.9% in FY2021 to 73.1% in FY2024 before settling at 66.9% in FY2025. BlackSky remains unprofitable, posting an operating margin of -44.0% and net income of -$70.3M in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $108.9M with an operating margin of -23.4%, supported by a 50.1% year-over-year quarterly revenue expansion.

As of June 30, 2026, BlackSky held $234.2M in cash and short-term investments against $21.7M in total debt, resulting in net cash of $212.4M. Its liquidity profile shows a current ratio of 5.83 and a debt-to-equity ratio of 0.10, alongside shareholders' equity of $211.5M and total assets of $517.0M. The company remains cash-flow negative, generating operating cash flow of -$28.3M and free cash flow of -$44.5M in FY2025. Capital expenditures totaled $16.2M in FY2025, while its share count expanded 239.1% over 5 years.

BlackSky has a market capitalization of $708.8M and an enterprise value of $897.7M. It trades at a price-to-sales multiple of 6.5x, well above the 1.5x median of its US-listed Industrials peers. Its EV/EBITDA stands at 6.6x, compared to the peer median of 13.9x. The stock closed at $17.32 on October 16, 2026, which is 37.2% below its 200-day average. Over the past year, BKSY declined 33.5% while the SPY returned 16.8%, and over five years the stock fell 75.6% against an 83.0% gain for the SPY.

Wall Street coverage includes 5 Strong Buy ratings, 0 Buy ratings, and 1 Hold rating. The mean price target is $38.42, representing an upside of 121.8% from the last close of $17.32. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $141.7M and an EPS of -$1.09. For the next fiscal year, analysts forecast revenue of $193.4M and EPS of -$0.36. BlackSky has beaten EPS estimates in 2 of the last 4 quarters, with its next earnings report scheduled for November 5, 2026.

This page is an AI-written research summary of BlackSky Technology Inc. (BKSY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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