BKSY BlackSky Technology Inc.
Price Chart
Executive Summary
BlackSky reported Q1 2026 revenue of $20.8M, down 30% YoY from $29.5M due to the absence of a $9M milestone contract in the prior year. Net loss widened to $29.7M from $12.8M, and adjusted EBITDA turned negative at -$5.1M. However, the company raised full-year revenue guidance to $130-150M and announced up to $160M in new contract wins, signaling strong demand for Gen-3 capabilities.
Key Financial Metrics
Actionable Insight
Focus on FY2026 revenue guidance of $130-150M and the trajectory of Gen-3 subscription revenue. The Q1 miss was largely expected due to the prior year milestone; the raised guidance signals accelerating growth in the second half. Monitor the conversion of contract wins into recognized revenue and Gen-3 deployment milestones.
Key Facts
- Q1 2026 revenue: $20.8M (down 30% YoY)
- Space-based intelligence AI services revenue: $16.5M (down 2% YoY)
- Net loss: $29.7M (vs $12.8M in Q1 2025)
- Adjusted EBITDA: -$5.1M (vs -$0.6M in Q1 2025)
- Raised FY2026 revenue guidance to $130-150M (prior $120-145M)
- Adjusted EBITDA guidance raised to $12-24M (prior $6-18M)
- Cash & equivalents: $117.5M at quarter-end
- New contract wins valued up to $160M
Financial Impact
Revenue decline of $8.7M YoY (-29.5%); net loss increased by $16.9M
Risk Factors
- Dependence on government contracts and budget cycles
- Competitive pressure in space-based intelligence
- Dilution from equity offerings and warrant exercises
- Execution risk in scaling Gen-3 satellite operations
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001753539-26-000057 |
| Document: bksy-20260507.htm | 0001753539-26-000057 |
| Document: 0001753539-26-000057-index-headers.html | 0001753539-26-000057 |
| Document: 0001753539-26-000057-index.html | 0001753539-26-000057 |
| Document: 0001753539-26-000057.txt | 0001753539-26-000057 |
| 8-K Data (Synthetic) | 0001753539-26-000057 |
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Jun 11, 2026
1d ago
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144
| $35.94 awaiting T+60 | awaiting T+60 | — | $32.42 (−9.78%) |
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Jun 11, 2026
2d ago
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Institutional Cluster
| $34.52 awaiting T+60 | awaiting T+60 | — | $32.42 (+6.07%) |
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May 27, 2026
17d ago
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EFFECT
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May 22, 2026
21d ago
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8-K
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May 22, 2026
21d ago
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424B5
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May 22, 2026
21d ago
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May 7, 2026
5w ago
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8-K
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Apr 7, 2026
9w ago
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8-K
| — | awaiting T+60 | — | — |
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Feb 28, 2026
15w ago
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Institutional Cluster
| $21.61 $48.77 | ▲ +125.68% | ▲ +116.36% | $32.42 (+50.02%) |
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Feb 26, 2026
15w ago
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8-K
| $19.99 $44.65 | ▲ +123.36% | ▲ +115.61% | $32.42 (+62.18%) |
US Market Status
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