BlackSky Reports Strong Q4 Performance, Record Full-Year Revenue, and Positive 2026 Outlook
BKSY has more than doubled off its 52-week low of $6.15.
Summary
BlackSky announced strong Q4 2025 results with narrowed net loss and increased Adjusted EBITDA, alongside record full-year revenue, substantial backlog growth, and an optimistic 2026 financial outlook.
Key Events · Earnings and Guidance · BKSY
-
Strong Q4 Financial Performance
Fourth quarter 2025 revenue increased 16% year-over-year to $35.2 million. Net loss significantly narrowed to $0.9 million from $19.4 million in Q4 2024, and Adjusted EBITDA rose to $8.8 million from $7.4 million.
-
Record Full-Year Revenue Achieved
The company reported record total revenue of $106.6 million for the full year ended December 31, 2025, an increase of $4.5 million from 2024.
-
Significant Backlog Growth
Backlog grew 32% year-over-year to $345 million, driven by $240 million in new contract bookings, indicating strong future revenue potential.
-
Positive 2026 Financial Outlook
BlackSky projects full-year 2026 revenue between $120 million and $145 million and Adjusted EBITDA between $6 million and $18 million, signaling expected profitability improvement.
Analysis · BKSY · Manufacturing
BlackSky Technology Inc. reported robust fourth-quarter 2025 results, demonstrating significant operational improvements and setting a positive tone for the upcoming year. The substantial narrowing of the net loss and growth in Adjusted EBITDA for Q4 indicate a strong turnaround in profitability. While the full-year net loss increased, the record full-year revenue, coupled with a 32% increase in backlog, points to strong underlying business momentum. The 2026 guidance, projecting a significant increase in Adjusted EBITDA, suggests management's confidence in continued operational efficiency and growth, which is a key positive signal for investors.
At the time of this filing, BKSY was trading at $19.90 on NYSE in the Manufacturing sector, with a market capitalization of approximately $726.7M. The 52-week trading range was $6.15 to $33.20. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.