BKSY
BlackSky Technology Inc.

BlackSky Technology Inc.BKSY

Industrials · Specialty Business Services
23.19USD
+0.09%
Sep 23, 2026
BKSY overview ready
Vertically Integrated Commercial EO-Intelligence Operator Serving Defense Customers
BlackSky is a vertically integrated commercial EO-intelligence operator: it operates an Earth-observation constellation and sells recurring imagery, tasking, monitoring, and AI-analytics services, primarily to government and international defense/intelligence customers.
Strong narrative exposure
Exposed to the National Security Space Systems narrative through Commercial Electro-Optical Geospatial Intelligence — pure play.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Dependence on government contracts and spending.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 30

Conviction Level

NarrativeHeat6.4ThemeHeat6.7PriceAction5.4Valuation1.5CompanyPosition7.3
Price
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Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$949.0M
Avg Volume (60D)
979.7K
60 sessions
Revenue Growth YoY
+4.4%
FY2025 vs FY2024
Gross Margin
+69.9%
Operating Margin
-43.4%
Trailing twelve months
Free Cash Flow Yield
-7.3%
Distance from 200DMA
-15.4%
Next Earnings
2026-11-05
P/E
N/M
EV / Sales
8.5x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
BlackSky Technology Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
BlackSky is a vertically integrated commercial EO-intelligence operator: it operates an Earth-observation constellation and sells recurring imagery, tasking, monitoring, and AI-analytics services, primarily to government and international defense/intelligence customers.
Opportunity
High opportunity
Government and allied-defense procurement of commercially operated electro-optical Earth-observation imagery, high-cadence monitoring, and AI-derived geospatial intelligence for tactical ISR, maritime surveillance, change detection, and sovereign intelligence missions.
Key risk
Dependence on government contracts and spending.

Narrative & Theme

National Security Space Systems
Part of Commercial Electro-Optical Geospatial Intelligence, with strong fit.
BKSY is a strong direct fit for commercial electro-optical geospatial intelligence, not for resilient SATCOM or Space Development Agency missile-warning/tracking payload procurement.
Narrative HeatNeutral6.4 / 10
Theme HeatNeutral6.7 / 10

Business & Markets

Industrials · Specialty Business Services
What they do

BlackSky Technology Inc. operates as a space-based technology company providing intelligence, AI services, mission solutions, and advanced technology programs including cloud computing and component manufacturing to enhance customer adoption and integration of its technology.

How it earns

The company generates revenue primarily through project-based contracts and service solutions related to space-based intelligence and technology platforms.

Products & services
BlackSky Spectra AI-enabled software platform
Space-based intelligence and AI services
Customers & end markets
Government agencies
Commercial customers requiring geospatial intelligence
Market position

Niche player specializing in space-based intelligence and AI-driven mission solutions.

Demand drivers
Medium cyclicality

Demand is influenced by government and commercial spending cycles in defense and intelligence sectors.