BlackSky Technology (NYSE:BKSY) Issues Quarterly Earnings Results

BlackSky Technology (NYSE:BKSY) announced its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.06, Zacks reports. BlackSky Technology had a negative return on equity of 54.86% and a negative net margin of 65.93%.The business had revenue of $35.21 million for the quarter, compared to analyst estimates 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 Price Performance

BlackSky Technology stock opened at $18.89 on Friday. BlackSky Technology has a 12 month low of $6.15 and a 12 month high of $33.20. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08. The business’s 50 day simple moving average is $22.88 and its 200 day simple moving average is $20.69. The company has a market cap of $680.05 million, a price-to-earnings ratio of -8.79 and a beta of 2.43.

Institutional Trading of BlackSky Technology

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of BlackSky Technology by 392.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock worth $38,860,000 after acquiring an additional 1,652,014 shares during the period. Vanguard Group Inc. lifted its holdings in BlackSky Technology by 7.8% during the third quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock valued at $34,208,000 after purchasing an additional 123,171 shares during the last quarter. State Street Corp lifted its holdings in BlackSky Technology by 63.3% during the fourth quarter. State Street Corp now owns 996,019 shares of the company’s stock valued at $18,675,000 after purchasing an additional 386,207 shares during the last quarter. Geode Capital Management LLC boosted its position in BlackSky Technology by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 718,490 shares of the company’s stock worth $13,474,000 after purchasing an additional 22,695 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after purchasing an additional 432,023 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors.

Key BlackSky Technology News

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

Wall Street Analysts Forecast Growth

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

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.