BKSY Stock Analysis: Blacksky Technology | NYSE
Specialty Business Services | NYSE, USA | Market Cap: 948m USD | 12M Return: 7.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 49.9M
Qual. Beats: -1
Rev. Trend: 66.9%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 6.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
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.
- 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
| 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 69.27%; Δ 0.02% > 0.5%) |
| Asset Turnover: 29.79% > 50% (prev 37.70%; Δ -7.91% > 0%) |
| Interest Coverage Ratio: -4.60 > 6 (EBIT TTM -71.5m / Interest Expense TTM 15.5m) |
| 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: 0.28 (Book Value of Equity 80.8m / Total Liabilities 290.9m) |
| Altman-Z'' = -5.48 = D |
| DSRI: 1.53 (Receivables 56.2m/40.4m, Revenue 97.8m/107.4m) |
| GMI: 1.00 (GM 69.27% / 69.29%) |
| 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 = -1.56 (Cap -4..+1) = CCC |
As of July 14, 2026, the stock is trading at USD 26.07 with a total of 1,802,433 shares traded. Over the past week, the price has changed by -4.01%, over one month by -16.42%, over three months by -25.06% and over the past year by +7.46%.
Current recommended Stop Loss: 21.00 (which is 19.4% or 1.8 ATR below the current price).
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
| Analysts Target Price | 40.5 | 55.4% |
P/S = 9.6941
P/B = 11.7336
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 = 1.04b USD (948.1m + Debt 210.9m - CCE 115.5m)
Interest Coverage Ratio = -4.60 (Ebit TTM -71.5m / Interest Expense TTM 15.5m)
EV/FCF = -12.22x (Enterprise Value 1.04b / FCF TTM -85.4m)
FCF Yield = -8.18% (FCF TTM -85.4m / Enterprise Value 1.04b)
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 = 2.81 (Enterprise Value 1.04b / Total Assets 371.7m)
Interest Expense / Debt = 7.37% (Interest Expense 15.5m / Debt 210.9m)
Taxrate = 21.0% (US federal 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 = -98.63% (Net Income TTM -87.1m / Total Stockholder Equity 88.3m)
RoCE = -25.37% (EBIT -71.5m / Capital Employed (Equity 88.3m + L.T.Debt 193.4m))
RoIC = -17.51% (negative operating profit) (NOPAT -56.5m / Invested Capital 322.5m)
WACC = 16.88% (E(948.1m)/V(1.16b) * Re(19.34%) + D(210.9m)/V(1.16b) * Rd(7.37%) * (1-Tc(0.21)))
Discount Rate = 19.34% (= 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: -0.91 | # QB: -1
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=+17% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.28 | Chg30d=+8.06% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=-1.24 | Chg30d=+0.14% | Revisions=-17% | GrowthEPS=-2.5% | GrowthRev=+29.1%
EPS next Year (2027-12-31): EPS=-0.55 | Chg30d=+25.68% | Revisions=+25% | GrowthEPS=+56.2% | GrowthRev=+32.8%
[Analyst] Revisions Ratio: +18% (up=5, down=3)