Blacksky Technology Inc
NYSE:BKSY
Blacksky Technology Inc
Blacksky Technology, Inc. provides real-time geospatial intelligence, imagery and related data analytic products and services and mission systems. The company is headquartered in Philadelphia, Pennsylvania and currently employs 210 full-time employees. The company went IPO on 2019-12-20. The firm provides monitoring and artificial intelligence (AI)-enabled analytics of the strategic locations, economic assets and events on planet Earth. Its software-as-a-service (SaaS) platform, Spectra AI delivers to its customers automated alerts, data and insights, which they can use to support day-to-day decision making. Its offerings are designed to support a range of government and commercial applications, including national and homeland security, supply chain intelligence, crisis management, critical infrastructure monitoring, economic intelligence and others. Its key services and products include imagery and software analytical services, and engineering and systems integration. Imagery and software analytical services include imagery services, and data, software, and analytics. The company develops and delivers advanced launch vehicle, satellite and payload systems, typically sold to government customers.
Blacksky Technology, Inc. provides real-time geospatial intelligence, imagery and related data analytic products and services and mission systems. The company is headquartered in Philadelphia, Pennsylvania and currently employs 210 full-time employees. The company went IPO on 2019-12-20. The firm provides monitoring and artificial intelligence (AI)-enabled analytics of the strategic locations, economic assets and events on planet Earth. Its software-as-a-service (SaaS) platform, Spectra AI delivers to its customers automated alerts, data and insights, which they can use to support day-to-day decision making. Its offerings are designed to support a range of government and commercial applications, including national and homeland security, supply chain intelligence, crisis management, critical infrastructure monitoring, economic intelligence and others. Its key services and products include imagery and software analytical services, and engineering and systems integration. Imagery and software analytical services include imagery services, and data, software, and analytics. The company develops and delivers advanced launch vehicle, satellite and payload systems, typically sold to government customers.
Revenue Impact: Revenue for the first nine months of 2025 was $71.4 million, flat year-over-year, but Q3 was negatively impacted by about $4 million due to reductions in the EOCL contract.
International Growth: International customers now represent about half of total revenues, a shift from previous years, and the company expects this trend to continue.
Contract Wins: BlackSky secured over $60 million in new contracts, mostly international, and a separate $30 million+ contract for Gen-3 services with a major defense customer.
Gen-3 Momentum: Strong demand and growing backlog for Gen-3 powered imagery and analytics; expansion of constellation continues, aiming for at least 12 Gen-3 satellites by end of next year.
Cash Position: Cash and liquidity now exceed $200 million, more than double last year, following a successful capital raise.
Guidance Maintained: Management maintained full-year 2025 guidance for revenue, adjusted EBITDA, and capital expenditures, expecting a strong Q4 driven by international deals.
EOCL Uncertainty: US government EOCL contract reductions affected Q3 and are expected through Q2 2026, but there is potential upside if Congressional budget restores funding.
