BlackSky Technology (BKSY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

BlackSky Technology

NYSE•Industrials•Specialty Business Services

$21.18+0.43(0.02%)Market open

Market Cap

$832.65M

P/S

7.6x

P/B

3.9x

BlackSky Technology Inc. operates as a space-based technology company in the United States and internationally. The company offers space-based intelligence and artificial intelligence (AI) services, mission solutions, and advanced technology programs consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the company's technology. It also provides BlackSky Spectra, an AI-enabled software platform that processes a range of observations by integrating data from the company's proprietary satellite constellation and from other third-party sensors, such as synthetic aperture radar and radio frequency satellites, GPS-enabled terrestrial data sources, and Internet of Things-connected devices. In addition, the company offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which help detect key pattern of life changes in critical locations, including ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. Further, it develops and delivers customized advanced satellites and payload systems. The company's products and services are used in national security, supply chain resilience, economic intelligence, and other critical decision-making requirements. It serves the United States federal government and its agencies; international governments, agencies, and organizations; and the commercial and industrial infrastructure markets, including energy and utilities, insurance, commodities, mining, manufacturing, logistics, supply chain management, agriculture, environmental monitoring, disaster and risk management, engineering and construction, retail, and consumer behavior. BlackSky Technology Inc. was founded in 2014 and is headquartered in Herndon, Virginia.

How this company scores

AverageMetricSide Score: 44/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Cash & Earnings Quality (3/25).

Profitability13/25

Growth12/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality3/25

Strengths

Profit converts from growthImproving leverageImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 7.6x5y range 0.8x – 749.0x

Currently below its 20-quarter median.

P/B · 3.9x5y range 0.8x – 38.9x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $832.65M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $108.92M
Q. Revenue: $33.32M
TTM EBITDA: $-14.18M
TTM Op. Income: $-47.32M
Q. Op. Income: $-7.80M
TTM Net Income: $-66.70M
Q. Net Income: $-20.83M
EPS: $-0.54
Shares Out.: $38.42M

$108.92M in TTM revenue grew 4.1% YoY, reaching $33.32M last quarter. TTM EBITDA of $-14.18M and TTM operating income of $-47.32M show growth is flowing through to the bottom line. However, net income is negative at $66.70M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 4% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 0.6%
Op. Margin: -23.4%
Net Margin: -62.5%

Op. margin of -23.4% is up 39.4% YoY — cost efficiency is improving. Net margin at -62.5% Over the past year, operating margin is up 63% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 7.6x
P/B Ratio: 3.9x

P/S of 7.6x and P/B of 3.9x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $517.03M
Cash: $36.90M
Long-Term Debt: $199.17M
Book Value: $211.53M
D/E Ratio: 0.9
Debt/EBITDA: 1005.9

With $517.03M in assets and $199.17M in long-term debt, D/E is 0.9and book value is $211.53M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 31% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-3.52M
TTM Free Cash Flow: $-69.56M
FCF Margin: -63.9%
FCF / Net Income: 1.0

TTM FCF of $-69.56M on $-3.52M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 3604% — an improving trend.