8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 38.2% per year over the past 5 years.
Operating margin has expanded, at -44.0% in the latest year.
Financial health
Total debt ($208M) exceeds cash ($42M); net debt is $165M.
Total debt has grown slower than revenue (15.4% vs 38.2% per year).
Operating income covered interest expense -3.1× in the latest year, up from -8.0× 5 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$107M
$70260
0.0%
-44.0%
0.1%
0.0%
—
$208M
$42M
2024
$102M
$57218
0.0%
-43.4%
0.1%
0.0%
—
$109M
$13M
2023
$94M
$53859
0.0%
-59.2%
0.1%
0.0%
—
$85M
$33M
2022
$65M
-$74M
0.0%
-132.4%
-60.9%
-31.7%
—
$76M
$34M
2021
$34M
-$246M
0.0%
-352.5%
-136.8%
-80.3%
—
$71M
$166M
2020
$21M
-$20M
0.0%
-195.9%
59.5%
-16.3%
—
$102M
$5M
2019
—
-$7M
—
—
39.4%
-2.3%
—
—
—
2018
—
-$2177
—
—
-9.5%
-1.0%
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$33M
-$21M
0.0%
-23.4%
-9.8%
-4.0%
—
$217M
$37M
Mar '26
$21M
-$30M
0.0%
-89.2%
-36.7%
-8.0%
—
$209M
$39M
Dec '25
$35M
-$868000
0.0%
-11.8%
-0.9%
-0.2%
—
$208M
$42M
Sep '25
$20M
-$15M
0.0%
-85.8%
-16.8%
-4.0%
—
$202M
$29M
Jun '25
$22M
-$41M
0.0%
-62.8%
-47.6%
-13.3%
—
$123M
$23M
Mar '25
$30M
-$13M
0.0%
-40.5%
-14.4%
-4.5%
—
$117M
$21M
Dec '24
$30M
-$19M
0.0%
-20.0%
-20.7%
-7.6%
—
$109M
$13M
Sep '24
$23M
-$13M
0.0%
-58.7%
-11.4%
-5.1%
—
$99M
$56M
Jun '24
$25M
-$9M
0.0%
-47.0%
-12.3%
-4.2%
—
$109M
$26M
Mar '24
$24M
-$16M
0.0%
-54.7%
-19.3%
-7.5%
—
$85M
$15M
Dec '23
$36M
-$4M
0.0%
-13.1%
-4.1%
-1.7%
—
$85M
$33M
Sep '23
$21M
$675000
0.0%
-68.3%
0.7%
0.3%
—
$79M
$32M
Jun '23
$19M
-$33M
0.0%
-103.1%
-37.8%
-14.7%
—
$79M
$41M
Mar '23
$18M
-$17M
0.0%
-91.9%
-14.6%
-7.2%
—
$76M
$57M
Dec '22
$19M
-$15M
0.0%
-94.2%
-12.1%
-6.3%
—
$76M
$34M
Sep '22
$17M
-$13M
0.0%
-114.6%
-9.8%
-5.4%
—
$73M
$37M
Jun '22
$15M
-$26M
0.0%
-143.8%
-18.3%
-10.1%
—
$72M
$65M
Mar '22
$14M
-$20M
0.0%
-195.3%
-12.0%
-7.0%
—
$72M
$136M
Dec '21
$11M
$5M
0.0%
-277.6%
3.0%
1.8%
—
$71M
$166M
Sep '21
$8M
-$47M
0.0%
-616.7%
-30.7%
-14.5%
—
$78M
$195M
Valuation over time
How the market has priced BKSY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 965.0× (Jan '24) to 12010.7× (Sep '26).
The price-to-sales ratio has risen from 0.9× (Mar '23) to 7.9× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is BKSY growing its revenue and profit?
Over the past 5 years, Blacksky Technology Inc.'s revenue has grown 38.2% per year. These are computed facts, not advice.
How much debt does BKSY have?
As of FY2025, Blacksky Technology Inc. reported $208M of total debt against $42M of cash; operating income covered interest expense -3.1×.
What is BKSY's profit margin?
In FY2025, gross margin was —, operating margin -44.0%, and net margin 0.1%.
What is BKSY's P/E ratio?
As of Sep '26, Blacksky Technology Inc. traded at a price-to-earnings ratio of about 12010.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.