BlackSky Q2 Revenue Jumps 50% to $33M, Adjusted EBITDA Swings Positive at $4.7M; 2026 Outlook Reaffirmed
BKSY has more than doubled off its 52-week low of $12.41.
Summary
BlackSky posted Q2 2026 revenue of $33.3 million, a 50% year-over-year increase, and achieved positive Adjusted EBITDA of $4.7 million. The company raised $150 million via its ATM program and reaffirmed its full-year outlook.
Key Events · Earnings and Guidance · BKSY
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Revenue Surges 50% to $33.3M
Total revenue climbed 50% year-over-year to $33.3 million, propelled by record space-based intelligence and AI services revenue of $24.5 million as Gen-3 satellite adoption accelerated.
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Adjusted EBITDA Turns Positive
Adjusted EBITDA came in at $4.7 million, a 14.2% margin and a $7.5 million improvement from the prior year, marking the company's first quarter of positive Adjusted EBITDA.
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$150M Raised via ATM Program
Under its at-the-market equity program, the company issued 3.6 million shares, raising $150 million and lifting cash to $244.1 million as of June 30, 2026.
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Eight-Figure NRO Contract Win
An eight-figure contract was awarded by the National Reconnaissance Office to accelerate development of the AROS high-performance digital mapping system.
Analysis · BKSY · Manufacturing
A breakout quarter for BlackSky, with 50% revenue growth fueled by accelerating Gen-3 satellite adoption, drove the company to its first positive Adjusted EBITDA. The balance sheet was fortified to $244 million in cash after a $150 million raise through the ATM program, and a significant eight-figure NRO contract was secured. Reaffirmed full-year guidance underscores confidence in the trajectory, though ATM dilution and ongoing net losses remain headwinds.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BKSY was trading at $26.80 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1B. The 52-week trading range was $12.41 to $52.88. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.