BlackSky Technology (NYSE:BKSY) Posts Quarterly Earnings Results

Key Points

• BlackSky reported Q3 revenue of $42.84 million, up 118% year over year and above estimates, and EPS of $0.10 versus expectations for a $0.23 loss. Adjusted EBITDA reached a record $12.8 million, with positive operating cash flow.
• Management raised 2026 guidance for the second time, forecasting revenue of $140 million to $150 million and Adjusted EBITDA of $18 million to $24 million.
• Management cautioned that program-delivery timing and revenue mix could pressure sequential Q4 Adjusted EBITDA; the company also remains unprofitable, with a negative net margin.

BlackSky Technology (NYSE:BKSY - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.23) by $0.33, FiscalAI reports. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. The company had revenue of $42.84 million for the quarter, compared to analysts' expectations of $39.64 million.

Here are the key takeaways from BlackSky Technology's conference call:

• BlackSky reported record Q3 revenue of $42.8 million, up 118% year over year, and record Adjusted EBITDA of $12.8 million, a 30% margin. The company also generated positive operating cash flow and ended the quarter with $231 million in cash, restricted cash, and short-term investments.
• Management raised full-year 2026 guidance for the second time, now expecting revenue of $140 million to $150 million and Adjusted EBITDA of $18 million to $24 million; CapEx guidance remains $50 million to $60 million.
• Space-based intelligence and AI services revenue rose 107% to $32.7 million, with management citing expanding Gen-3 subscriptions and a run rate above $100 million for these services. The company said pilots can make quarterly results uneven as they convert into subscriptions.
• Mission Solutions revenue grew roughly fivefold year over year, and BlackSky was selected to supply very high-resolution optical satellites for an international AI-in-space initiative. However, the initial contract is small, and the larger program’s scope, value, and timing are not yet finalized.
• Management cautioned that Q4 revenue mix and the timing of program deliverables could weigh on sequential Adjusted EBITDA, despite expected revenue growth. Pilot-program timing may also add lumpiness to the high-margin services business.

BlackSky Technology Price Performance

Shares of BlackSky Technology stock traded up $2.12 during trading on Friday, hitting $21.24. The stock had a trading volume of 1,445,234 shares, compared to its average volume of 903,369. The business has a fifty day moving average of $20.39 and a two-hundred day moving average of $26.97. BlackSky Technology has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The firm has a market cap of $869.06 million, a P/E ratio of -16.59 and a beta of 2.84. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72.

Trending Headlines about BlackSky Technology

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky reported Q3 2026 EPS of $0.10, versus analysts’ consensus estimate of a $0.23 loss, and revenue of $42.84 million, above the $39.64 million estimate. The better-than-expected results were cited in a report about the shares gapping higher. BlackSky Technology Shares Gap Up on Better-Than-Expected Earnings
• Positive Sentiment: Sidoti raised its EPS forecasts for Q4 2027 to $0.20, Q2 2028 to $0.07, and Q3 2028 to $0.15. Higher out-quarter estimates suggest improved expectations for future profitability. BlackSky analyst estimates
• Positive Sentiment: A separate earnings-call headline points to record revenue growth, reinforcing the upbeat quarterly results, though the headline provided no additional figures. BlackSky Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Wall Street Zen raised its rating on BlackSky to Hold. That indicates a less negative view, but does not amount to a Buy recommendation. BlackSky Raised to Hold at Wall Street Zen
• Negative Sentiment: Despite the quarterly beat, the supplied outlook calls for a full-year loss of $1.09 per share, and BlackSky’s net margin remains negative—risks that temper the earnings optimism.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Clear Str upgraded shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of BlackSky Technology in a research report on Thursday, October 15th. Finally, Wall Street Zen raised shares of BlackSky Technology from a "sell" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, BlackSky Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Buying and Selling

In other BlackSky Technology news, CAO Christiana Lin sold 13,052 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $20.95, for a total value of $273,439.40. Following the sale, the chief accounting officer directly owned 427,680 shares in the company, valued at approximately $8,959,896. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Brian O'Toole sold 56,280 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $1,179,066.00. Following the completion of the sale, the chief executive officer owned 1,063,396 shares in the company, valued at approximately $22,278,146.20. This trade represents a 5.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 168,557 shares of company stock valued at $3,497,029 over the last three months. Company insiders own 5.20% of the company's stock.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.