BlackSky Technology (NYSE:BKSY) Announces Earnings Results, Beats Estimates By $0.06 EPS

BlackSky Technology (NYSE:BKSY) issued its earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.06, Zacks reports. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. The business had revenue of $35.21 million for the quarter, compared to analysts’ expectations of $37.13 million.

Here are the key takeaways from BlackSky Technology’s conference call:

• BlackSky deployed and commercialized three Gen-3 satellites in 2025 delivering validated on-orbit 35 centimeter imaging (one satellite entered commercial ops three weeks after launch) and plans to have about 8–9 Gen-3s on orbit by the end of 2026.
• Q4 revenue was $35.2M (+16% YoY) and full-year revenue $106.6M, the company posted a second consecutive year of positive adjusted EBITDA and guided 2026 revenue to $120–145M with adjusted EBITDA of $6–18M.
• Strong commercial momentum with $240M of contract bookings and a backlog of $345M, while international customers now represent over half of revenue and are driving both subscription and mission‑solutions growth.
• Balance sheet and liquidity were materially strengthened—cash and equivalents of $125.6M, vendor launch financing of $37.4M, and total liquidity in excess of $225M—supporting constellation deployments and CapEx plans.
• Growth remains lumpy and timing-sensitive—large satellite sales and milestone billing concentrated revenue in Q4, sales cycles for sovereign deals are typically 12–18 months, and U.S. government funding (EOCL) timing and allocation remain uncertain and conservatively modeled in the guide.

BlackSky Technology Trading Down 5.5%

Shares of NYSE BKSY traded down $1.10 during mid-day trading on Friday, hitting $18.89. The stock had a trading volume of 1,688,708 shares, compared to its average volume of 1,507,319. The business has a 50 day moving average price of $22.89 and a two-hundred day moving average price of $20.68. BlackSky Technology has a 1 year low of $6.15 and a 1 year high of $33.20. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89. The firm has a market cap of $680.00 million, a P/E ratio of -6.02 and a beta of 2.43.

Institutional Investors Weigh In On BlackSky Technology

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strive Financial Group LLC purchased a new position in shares of BlackSky Technology during the fourth quarter valued at about $26,000. Quarry LP bought a new stake in BlackSky Technology during the 4th quarter valued at approximately $26,000. Global Retirement Partners LLC purchased a new position in shares of BlackSky Technology during the 4th quarter worth approximately $28,000. Wexford Capital LP purchased a new position in shares of BlackSky Technology during the 3rd quarter worth approximately $30,000. Finally, IFP Advisors Inc raised its position in shares of BlackSky Technology by 57.9% in the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research note on Wednesday, January 21st. Jefferies Financial Group began coverage on shares of BlackSky Technology in a research report on Monday, December 22nd. They set a “buy” rating and a $23.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $42.00 target price on shares of BlackSky Technology in a research report on Friday. Finally, Canaccord Genuity Group lowered their price target on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.40.

Key Headlines Impacting BlackSky Technology

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: Q4 EPS beat consensus (reported ($0.19) vs. est. ($0.25)), showing improved profitability metrics vs. last year — a supportive data point for the stock. MarketBeat EPS/press release
• Positive Sentiment: HC Wainwright reaffirmed a “buy” rating and kept a $42 price target, signaling continued analyst conviction and large upside vs. the current price. Benzinga note
• Positive Sentiment: Stonegate’s coverage update highlights adjusted EBITDA of $8.8M and improved adjusted EPS, suggesting improving underlying profitability trends that could support valuation if sustained. Newsfile Stonegate report
• Neutral Sentiment: Canaccord trimmed its price target modestly from $27 to $26 but left a “buy” rating — a small shift that still implies upside, so mixed for near-term sentiment. Benzinga/Canaccord note
• Neutral Sentiment: Company messaging and the earnings call emphasized a “strong finish” and Gen‑3 product progress (positive operational color, but requires execution). Yahoo Earnings Highlights
• Negative Sentiment: Revenue missed estimates ($35.21M vs. est. $37.13M), and FY26 revenue guidance ($120M–$145M) sits at or slightly below consensus — the top‑line weakness and conservative midpoint likely drove downward pressure. Zacks revenue coverage
• Negative Sentiment: Unusually high put option volume suggests traders are positioning for further downside, increasing near-term volatility and selling pressure. AmericanBankingNews options report
• Negative Sentiment: Analyst commentary and market writeups (e.g., Seeking Alpha) warn the shares may still be expensive relative to fundamentals, which can cap upside until revenue/growth visibility improves. Seeking Alpha valuation piece

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.