BlackSky Technology Inc. (BKSY) Income Statement
BKSY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBKSY revenue and net income
Where BKSY's revenue goes
2025Each bar shows an amount and its share of revenue. BKSY kept −65.9% of revenue as net income.
BKSY profit margins
BKSY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.4% | +17.7% | +38.2% | — |
| Gross profit | −4.5% | +34.1% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BKSY quarterly EPS vs estimates
BlackSky Technology beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.25).
BKSY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $106.6M | $102.1M | $94.5M | $65.3M | $34.1M | $21.1M | $13.7M |
| Cost of revenue | $35.3M | $27.4M | $33.8M | $35.8M | $34.7M | $23.9M | $11.5M |
| Gross profit | $71.3M | $74.7M | $60.7M | $29.5M | −$663,000 | −$2.7M | $2.2M |
| Research & development | $2.5M | $2.3M | $1.7M | $1.6M | $1.5M | $7.4M | $1.1M |
| Sales, general & admin | $85.3M | $74.6M | $72.6M | $78.8M | $85.2M | $21.4M | $33.9M |
| Total operating expenses | $118.2M | $118.9M | $116.7M | $116.1M | $119.5M | $38.7M | $48.5M |
| Operating income | −$46.9M | −$44.3M | −$56.0M | −$86.5M | −$120.1M | −$41.4M | −$46.2M |
| Interest income | $3.8M | $1.6M | $2.1M | $1.1M | $0 | — | — |
| Interest expense | $14.9M | $12.2M | $9.3M | $5.4M | $52.9M | $5.2M | $13.7M |
| Income before taxes | −$70.1M | −$56.8M | −$53.2M | −$74.9M | −$244.0M | −$47.7M | −$60.0M |
| Income taxes | $125,000 | $370,000 | $673,000 | −$707,000 | −$707,000 | −$91.8M | $93,275 |
| Net income | −$70.3M | −$57.2M | −$53.9M | −$74.2M | −$245.6M | −$19.5M | −$66.1M |
| EBITDA | −$24.2M | −$542,000 | $434,000 | −$32.1M | −$224.5M | −$32.7M | −$32.7M |
| EPS (diluted) | −$1.49 | −$2.43 | −$2.99 | −$3.19 | −$1.00 | −$0.26 | −$0.20 |
| Gross margin | 66.9% | 73.1% | 64.2% | 45.2% | −1.9% | −12.9% | 16.2% |
| Operating margin | −44.0% | −43.4% | −59.2% | −132.4% | −352.5% | −195.9% | −337.3% |
| Net margin | −65.9% | −56.0% | −57.0% | −113.5% | −720.7% | −92.4% | −482.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.3M | $20.8M | $35.2M | $19.6M | $22.2M | $29.5M | $30.4M | $22.5M | $24.9M | $24.2M | $35.5M | $21.3M |
| Cost of revenue | $9.0M | $7.3M | $9.6M | $6.8M | $6.2M | $12.6M | $6.9M | $6.7M | $6.9M | $7.0M | $12.0M | $6.8M |
| Gross profit | $24.3M | $13.4M | $25.6M | $12.8M | $16.0M | $16.9M | $23.5M | $15.9M | $18.1M | $17.2M | $23.5M | $14.5M |
| Research & development | $291,000 | $716,000 | $656,000 | $605,000 | $687,000 | $589,000 | $737,000 | $266,000 | $570,000 | $725,000 | $368,000 | $323,000 |
| Sales, general & admin | $23.8M | $22.0M | $21.0M | $21.2M | $22.0M | $21.1M | $18.9M | $17.7M | $17.9M | $18.5M | $17.1M | $17.4M |
| Total operating expenses | $32.1M | $32.0M | $29.7M | $29.6M | $29.9M | $28.9M | $29.6M | $29.1M | $29.8M | $30.5M | $28.1M | $29.0M |
| Operating income | −$7.8M | −$18.5M | −$4.2M | −$16.8M | −$13.9M | −$12.0M | −$6.1M | −$13.2M | −$11.7M | −$13.3M | −$4.6M | −$14.5M |
| Interest income | $1.3M | $1.0M | $1.2M | $1.3M | $677,000 | $573,000 | $573,000 | $257,000 | $330,000 | $400,000 | $461,000 | $519,000 |
| Interest expense | $3.9M | $3.9M | $4.1M | $4.0M | $3.5M | $3.3M | $3.4M | $3.1M | $3.0M | $2.6M | $2.7M | $2.5M |
| Income before taxes | −$20.8M | −$29.7M | −$847,000 | −$15.3M | −$41.2M | −$12.8M | −$19.4M | −$12.6M | −$9.1M | −$15.7M | −$3.4M | $813,000 |
| Income taxes | — | — | $21,000 | $39,000 | $35,000 | $30,000 | $20,000 | $28,000 | $252,000 | $70,000 | $413,000 | $138,000 |
| Net income | −$20.8M | −$29.7M | −$868,000 | −$15.3M | −$41.2M | −$12.8M | −$19.4M | −$12.6M | −$9.4M | −$15.8M | −$3.8M | $675,000 |
| EBITDA | −$9.1M | −$16.3M | $11.4M | −$3.2M | −$30.3M | −$2.0M | −$6.0M | $1.9M | $5.3M | −$1.7M | $10.2M | $14.8M |
| EPS (diluted) | −$0.32 | −$0.48 | −$0.19 | −$0.43 | −$0.52 | −$0.35 | −$0.38 | −$0.70 | −$0.67 | −$0.68 | −$0.03 | −$0.66 |
| Gross margin | 72.8% | 64.7% | 72.6% | 65.3% | 71.9% | 57.4% | 77.4% | 70.5% | 72.4% | 71.0% | 66.2% | 68.2% |
| Operating margin | −23.4% | −89.2% | −11.8% | −85.8% | −62.8% | −40.5% | −20.0% | −58.7% | −47.0% | −54.7% | −13.1% | −68.3% |
| Net margin | −62.5% | −142.8% | −2.5% | −78.2% | −185.8% | −43.4% | −63.9% | −55.8% | −37.7% | −65.2% | −10.7% | 3.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BKSY's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BKSY financial results
In fiscal year 2025 (ended December 31, 2025), BlackSky Technology reported revenue of $106.6 million, up 4.4% from the year before. It had a net loss of $70.3 million, a net profit margin of −65.9%. Diluted earnings per share came to −$1.49. Over five years revenue grew at an average rate of 38.2% a year.
See the BKSY stock overview for the latest quote and news, or the BKSY chart for price history and technical indicators.
BKSY income statement FAQ
What is BlackSky Technology's annual revenue?
BlackSky Technology reported total revenue of $106.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.4% from $102.1 million the previous year.
Is BlackSky Technology profitable?
No. BlackSky Technology reported a net loss of $70.3 million in fiscal 2025, a net profit margin of −65.9%; its operating margin was −44.0%.
What is BlackSky Technology's gross margin?
BlackSky Technology's gross margin was 66.9% in fiscal 2025: for every $100 of revenue, BlackSky Technology kept $67 after the direct cost of its products and services.
How much does BlackSky Technology spend on research and development?
BlackSky Technology spent $2.5 million on research and development in fiscal 2025, 2.4% of revenue.
How fast is BlackSky Technology growing?
Revenue grew 38.2% a year on average over the last five fiscal years, from $21.1 million to $106.6 million.
What are BlackSky Technology's earnings per share?
BlackSky Technology earned $-1.49 per diluted share in fiscal 2025, compared with $-2.43 a year earlier.
When will BlackSky Technology report its next earnings?
BlackSky Technology is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does BlackSky Technology's fiscal year end?
BlackSky Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 17, 2026.