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BlackSky Technology Inc.

BKSY

Industrials · 20.76 -3.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

BlackSky Technology Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-3.9% todayVolume comparison unavailable
Market group0 of 6 activeSpace & Advanced Tech · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • BKSY's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if BKSY's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Business Services

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • BKSY's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations319
Usable filing statements95
Verified relationships3
Evidence supporting the case
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Net margin changed -9.9 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Product pipeline and R&D has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 70% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

20.76
6m+10.1%12m+14.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$34.1M+61.3%$-3.39
2022-12-31$65.3M+91.7%$-0.63
2023-12-31$94.5M+44.6%$-3.18
2024-12-31$102.1M+8.0%$-2.67+26.6%
2025-12-31$106.6M+4.4%$-2.09

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
Adjusted EBITDA Adjusted EBITDA is defined as net income or loss attributable to us before interest income, interest expense, income tax expense or benefit, depreciation and amortization, as well as significant non-cash and/or non-recurring expenses as our ma…
10-Q · May 7, 2026
Demand and volumemixed · 4 filings
The increases in net cash used in operating activities were partially offset by a cash receipt for prepaid capacity for future purchase orders that is recorded as a contract liability as of December 31, 2025 in our consolidated balance sheets.
10-K · Mar 17, 2026
Product pipeline and R&Dnegative · 3 filings
These decreases were partially offset by costs to provide advanced research and development services to an existing customer to develop next-generation space-based intelligence capabilities.
10-Q · May 7, 2026
Capital investment and capacitypositive · 1 filings
The total amount paid for capital expenditures increased during the three months ended March 31, 2026 as compared to the three months 39 Table of Contents ended March 31, 2025 primarily due to an increase in cash paid to procure direct materials and build our…
10-Q · May 7, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.5× · EV/sales 8.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.76-3.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BKSY. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BKSY. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BKSY

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

MSFTMicrosoft CorporationpartnerMar 17, 2026

We depend on computing infrastructure operated by Amazon Web Services (“AWS”), Microsoft, and other third parties, including other SaaS companies, to support some of our customers, and any errors, disruption, performance problems, or failure in their or our o…

Depended on by

SIDUSidus Space, Inc.competitorApr 1, 2026

Sidus competes with a range of commercial space companies including Spire, BlackSky, Hawkeye 360, Satellogic, Iceye, Loft Orbital, York Space Systems, Apex, and K2Space, as well as larger aerospace and defense contractors.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BKSY is currently a Follower in the organic co-movement group Space & Advanced Tech. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for BKSY; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.