📊 BKSY-WT Key Takeaways
Investment Thesis
BlackSky Technology is a fundamentally distressed business with massive operating losses (-44% margin), negative free cash flow (-$28.3M), and deteriorating financial health despite modest revenue growth. The company's 2.12x debt-to-equity ratio combined with negative interest coverage (-3.1x) indicates severe debt sustainability concerns with current operations unable to service obligations.
BKSY-WT Strengths
- Moderate revenue growth of 4.4% YoY demonstrates some market demand
- Strong liquidity position with 3.48x current ratio and $42.4M cash provides short-term operational runway
- Recent insider activity with 8 Form 4 filings may indicate management confidence in turnaround efforts
BKSY-WT Risks
- Severe operating losses with -44% operating margin and -$65.9% net margin indicate structural unprofitability
- Negative operating and free cash flow of -$28.3M annually unsustainable without capital raises or dramatic operational improvement
- High leverage with $201.1M long-term debt against $94.9M equity and negative interest coverage creates acute default risk
- Deteriorating net income loss of -$70.3M (-22.8% YoY worse) shows worsening financial condition
Key Metrics to Watch
- Path to operating profitability and operating margin improvement trajectory
- Operating cash flow stabilization and return to positive FCF generation
- Debt refinancing ability and covenant compliance given negative interest coverage
BKSY-WT Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 3.48x current ratio provides a solid financial cushion.
BKSY-WT Profitability Ratios
BKSY-WT vs Default Sector
How BlackSky Technology Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BKSY-WT Balance Sheet & Liquidity
BKSY-WT 5-Year Financial Trend
5-Year Trend Summary: BlackSky Technology Inc.'s revenue has grown significantly by 213% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.67 indicates the company is currently unprofitable.
BKSY-WT Growth Metrics (YoY)
BKSY-WT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $19.6M | -$9.4M | $-0.44 |
| Q2 2025 | $22.2M | -$9.4M | $-0.52 |
| Q1 2025 | $24.2M | -$12.8M | $-0.42 |
| Q3 2024 | $21.3M | $675.0K | $0.04 |
| Q2 2024 | $19.3M | -$9.4M | $-0.06 |
| Q1 2024 | $18.4M | -$15.8M | $-0.11 |
| Q3 2022 | $7.9M | -$13.0M | $-0.11 |
| Q2 2022 | $7.4M | -$20.0M | $-0.22 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BKSY-WT Capital Allocation
BKSY-WT SEC Filings
Access official SEC EDGAR filings for BlackSky Technology Inc. (CIK: 0001753539)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BKSY-WT
What is the AI rating for BKSY-WT?
BlackSky Technology Inc. (BKSY-WT) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BKSY-WT's key strengths?
Moderate revenue growth of 4.4% YoY demonstrates some market demand. Strong liquidity position with 3.48x current ratio and $42.4M cash provides short-term operational runway.
What are the risks of investing in BKSY-WT?
Severe operating losses with -44% operating margin and -$65.9% net margin indicate structural unprofitability. Negative operating and free cash flow of -$28.3M annually unsustainable without capital raises or dramatic operational improvement.
What is BKSY-WT's revenue and growth?
BlackSky Technology Inc. reported revenue of $106.6M.
Does BKSY-WT pay dividends?
BlackSky Technology Inc. does not currently pay dividends.
Where can I find BKSY-WT SEC filings?
Official SEC filings for BlackSky Technology Inc. (CIK: 0001753539) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BKSY-WT's EPS?
BlackSky Technology Inc. has a diluted EPS of $-2.09.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.