(BKSY) Blacksky Technology - Overview

Sector: Industrials | Industry: Specialty Business Services | Exchange: NYSE (USA) | Market Cap: 1.903m USD | Total Return: 327.1% in 12m

Satellite Imagery, Geospatial Intelligence, Data Analytics, Custom Satellites
Total Rating 36
Safety 25
Buy Signal 0.72
Specialty Business Services
Industry Rotation: +0.6
Market Cap: 1.90B
Avg Turnover: 114M
Risk 3d forecast
Volatility122%
VaR 5th Pctl20.9%
VaR vs Median3.98%
Reward TTM
Sharpe Ratio1.88
Rel. Str. IBD98.6
Rel. Str. Peer Group93.4
Character TTM
Beta3.596
Beta Downside2.935
Hurst Exponent0.474
Drawdowns 3y
Max DD77.14%
CAGR/Max DD0.74
CAGR/Mean DD1.57
EPS (Earnings per Share) EPS (Earnings per Share) of BKSY over the last years for every Quarter: "2021-03": -0.33, "2021-06": -0.05, "2021-09": -0.67, "2021-12": 0.05, "2022-03": -0.17, "2022-06": -1.49, "2022-09": -1.4, "2022-12": -0.13, "2023-03": -1.18, "2023-06": -1.12, "2023-09": -0.66, "2023-12": -0.03, "2024-03": -0.68, "2024-06": -0.67, "2024-09": -0.7, "2024-12": -0.3822, "2025-03": -0.35, "2025-06": -0.4, "2025-09": -0.43, "2025-12": -0.0578, "2026-03": -0.48,
Last SUE: -0.65
Qual. Beats: 0
Revenue Revenue of BKSY over the last years for every Quarter: 2021-03: 7.294, 2021-06: 7.365, 2021-09: 7.937, 2021-12: 11.489, 2022-03: 13.896, 2022-06: 15.102, 2022-09: 16.935, 2022-12: 19.417, 2023-03: 18.397, 2023-06: 19.327, 2023-09: 21.26, 2023-12: 35.508, 2024-03: 24.236, 2024-06: 24.938, 2024-09: 22.549, 2024-12: 30.37, 2025-03: 29.544, 2025-06: 22.199, 2025-09: 19.618, 2025-12: 35.214, 2026-03: 20.774,
Rev. CAGR: 9.58%
Rev. Trend: 66.9%
Last SUE: -1.84
Qual. Beats: -1

Warnings

Share dilution 89.1% YoY

Interest Coverage Ratio -4.6 is critical

Altman Z'' -8.50 < 1.0 - financial distress zone

Tailwinds

Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w, Confidence

Description: BKSY Blacksky Technology

BlackSky Technology Inc. (BKSY) is a real-time geospatial intelligence provider utilizing a proprietary satellite constellation and the Spectra AI-enabled software platform. The company integrates high-frequency satellite imagery with diverse data sources, including synthetic aperture radar (SAR) and IoT devices, to deliver predictive analytics and anomaly detection. Its primary focus is providing national security, supply chain monitoring, and economic intelligence to government agencies and commercial enterprises.

The company operates within the Earth Observation (EO) sector, which is shifting from static imagery to high-revisit monitoring to support time-sensitive decision-making. BlackSky’s business model relies on a combination of high-margin software-as-a-service (SaaS) subscriptions and customized mission solutions for satellite development. This vertical integration allows the firm to control the entire data lifecycle from orbital collection to cloud-based analysis.

Investors looking for deeper financial metrics and valuation models should consult ValueRay to further their due diligence. The company’s portfolio serves critical infrastructure sectors, including energy, logistics, and disaster management, where pattern-of-life analysis is essential for risk mitigation.

Headlines to Watch Out For
  • U.S. government contract wins drive recurring imagery and analytics revenue
  • International defense demand accelerates high-margin space intelligence software adoption
  • Capital expenditures for Gen-3 satellite constellation impact near-term free cash flow
  • Operating leverage improves as AI-driven Spectra platform scales across commercial sectors
Piotroski VR-10 (Strict) 1.5
Net Income: -87.1m TTM > 0 and > 6% of Revenue
FCF/TA: -0.23 > 0.02 and ΔFCF/TA -20.14 > 1.0
NWC/Revenue: 134.6% < 20% (prev 83.18%; Δ 51.46% < -1%)
CFO/TA -0.16 > 3% & CFO -57.9m > Net Income -87.1m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 3.46 > 1.5 & < 3
Outstanding Shares: last quarter (36.2m) vs 12m ago 89.08% < -2%
Gross Margin: 69.29% > 18% (prev 0.69%; Δ 6.86k% > 0.5%)
Asset Turnover: 29.79% > 50% (prev 37.70%; Δ -7.91% > 0%)
Interest Coverage Ratio: -4.60 > 6 (EBITDA TTM -38.5m / Interest Expense TTM 15.5m)
Altman Z'' -8.50
A: 0.35 (Total Current Assets 185.3m - Total Current Liabilities 53.6m) / Total Assets 371.7m
B: -2.03 (Retained Earnings -756.1m / Total Assets 371.7m)
C: -0.22 (EBIT TTM -71.5m / Avg Total Assets 328.3m)
D: -2.60 (Book Value of Equity -756.1m / Total Liabilities 290.9m)
Altman-Z'' = -8.50 = D
Beneish M -2.34
DSRI: 0.67 (Receivables 24.6m/40.4m, Revenue 97.8m/107.4m)
GMI: 1.00 (GM 69.29% / 69.27%)
AQI: 2.86 (AQ_t 0.24 / AQ_t-1 0.08)
SGI: 0.91 (Revenue 97.8m / 107.4m)
TATA: -0.08 (NI -87.1m - CFO -57.9m) / TA 371.7m)
Beneish M = -2.34 (Cap -4..+1) = BBB
What is the price of BKSY shares?

As of May 30, 2026, the stock is trading at USD 48.47 with a total of 2,482,151 shares traded.
Over the past week, the price has changed by +8.56%, over one month by +53.10%, over three months by +157.14% and over the past year by +327.05%.

Is BKSY a buy, sell or hold?

Blacksky Technology has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy BKSY.

  • StrongBuy: 6
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the BKSY price?
Analysts Target Price 40.5 -16.4%
Blacksky Technology (BKSY) - Fundamental Data Overview as of 27 May 2026
Market Cap USD = 1.90b (1.90b USD * 1.0 USD.USD)
P/S = 19.4604
P/B = 21.9839
Revenue TTM = 97.8m USD
EBIT TTM = -71.5m USD
EBITDA TTM = -38.5m USD
Long Term Debt = 193.4m USD (from longTermDebt, last quarter)
Short Term Debt = 9.26m USD (from shortTermDebt, last quarter)
Debt = 210.9m USD (corrected: LT Debt 193.4m + ST Debt 9.26m) + Leases 8.25m
Net Debt = 95.4m USD (calculated: Debt 210.9m - CCE 115.5m)
Enterprise Value = 2.00b USD (1.90b + Debt 210.9m - CCE 115.5m)
Interest Coverage Ratio = -4.60 (Ebit TTM -71.5m / Interest Expense TTM 15.5m)
EV/FCF = -23.40x (Enterprise Value 2.00b / FCF TTM -85.4m)
FCF Yield = -4.27% (FCF TTM -85.4m / Enterprise Value 2.00b)
FCF Margin = -87.33% (FCF TTM -85.4m / Revenue TTM 97.8m)
Net Margin = -89.06% (Net Income TTM -87.1m / Revenue TTM 97.8m)
Gross Margin = 69.29% ((Revenue TTM 97.8m - Cost of Revenue TTM 30.0m) / Revenue TTM)
Gross Margin QoQ = 64.71% (prev 72.62%)
Tobins Q-Ratio = 5.38 (Enterprise Value 2.00b / Total Assets 371.7m)
Interest Expense / Debt = 7.37% (Interest Expense 15.5m / Debt 210.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = -56.5m (EBIT -71.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.46 (Total Current Assets 185.3m / Total Current Liabilities 53.6m)
Debt / Equity = 2.61 (Debt 210.9m / totalStockholderEquity, last quarter 80.8m)
 Debt / EBITDA = -2.48 (negative EBITDA) (Net Debt 95.4m / EBITDA -38.5m)
 Debt / FCF = -1.12 (negative FCF - burning cash) (Net Debt 95.4m / FCF TTM -85.4m)
 Total Stockholder Equity = 88.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -26.53% (Net Income -87.1m / Total Assets 371.7m)
RoE = -10.32% (Net Income TTM -87.1m / Total Stockholder Equity 844.4m)
RoCE = -6.89% (EBIT -71.5m / Capital Employed (Equity 844.4m + L.T.Debt 193.4m))
 RoIC = -26.65% (negative operating profit) (NOPAT -56.5m / Invested Capital 211.9m)
 WACC = 17.35% (E(1.90b)/V(2.11b) * Re(18.63%) + D(210.9m)/V(2.11b) * Rd(7.37%) * (1-Tc(0.21)))
Discount Rate = 18.63% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 95.45 | Cagr: 51.80%
 [DCF] Fair Price = unknown (Cash Flow -85.4m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.65 | # QB: 0
Revenue Correlation: 66.93 | Revenue CAGR: 9.58% | SUE: -1.84 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.35 | Chg30d=+6.93% | Revisions=+14% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.28 | Chg30d=+8.06% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=-1.24 | Chg30d=+0.14% | Revisions=-14% | GrowthEPS=-2.5% | GrowthRev=+29.1%
EPS next Year (2027-12-31): EPS=-0.55 | Chg30d=+25.68% | Revisions=+20% | GrowthEPS=+56.2% | GrowthRev=+32.8%
[Analyst] Revisions Ratio: +20%