BlackSky Technology Inc. · Radio & Tv Broadcasting & Communications Equipment

BKSY

High riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 50% in the latest quarter vs a year ago
Profitable
Buying back shares: share count down 72% in 3 years

Watch out for

High debt: 2.12x equity

Money moves

Insiders sold $506K in the last 30 days, all through pre-planned sales
Institutions added 32% to their holdings in the quarter ending June 2026 (152 bought, 74 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$17.83+1.5% that day

Company value: $730M; Share price times all shares
Price vs sales: 6.7x; No profit over the last year, so this compares value with sales instead
Cash vs value: 5%; Cash as a share of company value
Debt vs value: 28%; Debt as a share of company value

From BKSY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$33.3M+50% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $108.9M, up 4.1% from the 12 months before. Over 5 years, sales grew about 38% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of BKSY. Starting points are the company's recent numbers.

Sales growth+4% a yearRecently: +4.1% a yearProfit margin3%Last 12 months: 3.3%P/E at the end15xMany steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$133M

Profit in 5 years$4M

Price these guesses point to$1.88-89% vs $17.83 todayAbout -36% a year, before dividends

What today's price needs: with a 3% margin and a 15x P/E, sales would have to grow about 63% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.0.1%
MissDebt under half of equityNot relying on borrowed money.2.12x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.1%
MissProfitable every yearSteady profits, not one good year.3 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$28.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-71.5% in 3 years

Revenue: $106.6M; +4.4% vs prior year
5-year growth: +38.2%/yr; revenue, per year
Total debt: $201.1M; 2.12x equity
Current ratio: 3.48x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $33.3M; +50.1% YoY
EPS: -$0.54; vs -$1.27
Op. margin: -23.4%; +39.4 pts
Free cash flow: -$3.5M
Share count: +18.3%; vs a year ago

Insider rating

Last 90 days

46Mixed

Pre-planned sales of $506K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

52/ 100

This week: 3
Normal week: 2.7
vs normal: 1.1x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+31.8%

Institutions added 31.8% to their holdings. 152 bought, 74 sold. 5 quarters of net buying in a row.

Shares held by institutions33.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+13.3%

Cash runwayAt last year's cash burn

16 months

Debt to equityLatest balance sheet: debt compared with what owners have

1.0x · $210.8M debt

Shares outstandingLatest reported

41M

Why high risk

Losing money, losses are large next to sales
About 16 months of cash left at its current burn
Share count growing 13.3% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (active)Aug 20 · View filing ↗Activist Listing standards noticeAug 13 · View filing ↗Red flag Offering prospectusMay 22 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$506K3 insiders, 3 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Christiana L LinGeneral Counsel & CAO	Sell	6K	$16.86	$101K	416K	Oct 20Filing ↗
-1.4% of their holdings Pre-planned sale (10b5-1) Filed 2 days after
Brian E O'tooleCEO and President	Sell	20K	$16.86	$337K	1M	Oct 20Filing ↗
-1.9% of their holdings Pre-planned sale (10b5-1) Also Director Filed 2 days after
Henry Edward DuboisChief Financial Officer	Sell	4K	$16.85	$67K	475K	Oct 20Filing ↗
-0.8% of their holdings Pre-planned sale (10b5-1) Filed 2 days after