Blacksky Technology Inc logo

Blacksky Technology Inc(BKSY)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$23.25
09/25/2026
(24-hour delay)

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Upturn Advisory & Investor View for BKSY

09/25/2026: BKSY (1-star) is currently NOT-A-BUY. Pass it for now.

BlackSky Technology is a geospatial intelligence provider that differentiates itself through high-frequency satellite imagery and an AI-driven analytics platform called Spectra. The company primarily serves defense and intelligence agencies, leveraging its proprietary constellation to provide real-time situational awareness. Its main growth opportunity lies in expanding its software-as-a-service model to the commercial sector while deepening its presence in defense. However, the company faces significant execution and competition risks, including high capital requirements and a reliance on cyclical government contracts. The stock may suit growth-oriented investors with a high risk tolerance who are looking for exposure to the developing commercial space economy.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company offers exposure to the high-growth geospatial intelligence and space economy sectors.
Momentum investorMixed fitThe stock can exhibit high volatility, requiring a positive technical upturn signal for a momentum-based approach.
Value investorWeak fitThe company is not currently profitable, making traditional valuation metrics like P/E ratio inapplicable.
Dividend investorWeak fitBlackSky does not pay dividends and prioritizes capital reinvestment.
Low-risk investorWeak fitThe company's developmental status and industry volatility present high risk for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's beta reflects high sensitivity to market sentiment regarding the space industry.
Valuation riskHighInvestors are paying a premium for future growth potential rather than current earnings.
Competition risk (Space imagery)Medium / highNew entrants and existing players are rapidly increasing satellite capacity, putting pressure on pricing.
Business qualityMediumThe company has proprietary tech, but long-term competitive moats are still being built.
Dividend incomeLow / noneNo income generation is expected for the foreseeable future.
Execution riskHighSuccessful operation depends on complex space hardware performance and software scaling.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit 15.72%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BKSY receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
BKSY has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and strong ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-22.8%), soft cash generation (FCF margin -41.8%), moderate revenue growth (+4.4%).

Financial Health Rating

★★★★★
BKSY's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 38.0%). Cash strength is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is BKSY's strongest growth driver at +4.4% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-22.8%, negative) and free-cash-flow growth (-101.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 80.0% and approximately 86.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 8.32% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 6.21%
Bank of New York Mellon Corp 4.69%
Awm Investment Company Inc 4.22%
Tema ETFs 3.54%
Vanguard Capital Management, LLC 3.27%

Unit Economics (Per $1K Revenue)

★★★★★
BKSY generates approximately $669 of gross profit, $-440 of operating income, and $-418 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -0.18% (Tax Credit)

Quantitative Style Profile

★★★★★
BKSY has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 951.50M USD
Price to earnings Ratio -
1Y Target Price 38.42
Price to earnings Ratio -
1Y Target Price 38.42
Volume (30-day avg) 897.6K shares
Beta 2.61
52 Weeks Range 12.41 - 52.88
Updated Date 09/26/2026
52 Weeks Range 12.41 - 52.88
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.73

How Company Makes Money

Business areaWhat it includesRetail investor read
Geospatial Intelligence ServicesSubscriptions to satellite imagery and AI-based analytics via the Spectra platform.They make money like a software company, selling access to data that is refreshed frequently by their own satellites.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 897.73M
Price to Sales(TTM) 8.74
Enterprise Value 897.73M
Price to Sales(TTM) 8.74
Enterprise Value to Revenue 8.24
Enterprise Value to EBITDA 6.56
Shares Outstanding 40.92M
Shares Floating 35.31M
Shares Outstanding 40.92M
Shares Floating 35.31M
Percent Insiders 8.32
Percent Institutions 80.01

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Blacksky Technology Inc

Exchange NYSE
Headquarters Herndon, VA, United States
IPO Launch date 2019-12-20
CEO, President & Director Mr. Brian E. O'Toole
Sector Industrials
Industry Specialty Business Services
Full time employees 321
Full time employees 321

BlackSky Technology Inc. operates as a space-based technology company in the United States and internationally. The company offers space-based intelligence and artificial intelligence (AI) services, mission solutions, and advanced technology programs consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the company's technology. It also provides BlackSky Spectra, an AI-enabled software platform that processes a range of observations by integrating data from the company's proprietary satellite constellation and from other third-party sensors, such as synthetic aperture radar and radio frequency satellites, GPS-enabled terrestrial data sources, and Internet of Things-connected devices. In addition, the company offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which help detect key pattern of life changes in critical locations, including ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. Further, it develops and delivers customized advanced satellites and payload systems. The company's products and services are used in national security, supply chain resilience, economic intelligence, and other critical decision-making requirements. It serves the United States federal government and its agencies; international governments, agencies, and organizations; and the commercial and industrial infrastructure markets, including energy and utilities, insurance, commodities, mining, manufacturing, logistics, supply chain management, agriculture, environmental monitoring, disaster and risk management, engineering and construction, retail, and consumer behavior. BlackSky Technology Inc. was founded in 2014 and is headquartered in Herndon, Virginia.