# BLACKSKY TECHNOLOGY INC (BKSY) · Edgar & Edgarette company card

> Blacksky Technology (BKSY) grew revenue 4.4% in FY2025 to $107 million, operating margin -44.0% against a -7.1% median for radio & tv broadcasting & communications equipment, equity 24.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1753539 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BKSY) · [JSON](https://www.pops4.com/boards/company/BKSY.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $107M |
| Revenue growth, 1 year | 4.4% |
| Revenue growth per year | 33.0% |
| Operating margin | -44.0% (prior year -43.4%) |
| Net margin | -65.9% |
| Operating cash flow | −$28M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $42M |
| Long-term debt | $201M |
| Total assets | $386M |
| Total equity | $95M |
| Equity ÷ assets | 24.6% |
| Return on equity | -74.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.1 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -44.0% in FY2025; revenue is hard to predict: its 80% range is ±34%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $106.6M (FY2025), total debt $201.1M. Experience: revenue up 4.4% on the year, up 33.0% a year over 4 years; operating margin -44.0%, down from -43.4%. Soundness: equity 24.6% of assets, return on equity -74.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $82.1M and $165.3M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $68.7M to $198.7M. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, radio & tv broadcasting & communications equipment): operating margin -44.0% against a -7.1% median; growth 4.4% against 4.4%.

Range logged 2026-10-31, receipt 4e13858a22e8d24f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-08-13 ([filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000128/0001753539-26-000128-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-04-07 ([filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000045/0001753539-26-000045-index.htm))

## Recent filings

- 8-K · filed 2026-09-14 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000143/0001753539-26-000143-index.htm)
- 8-K · filed 2026-08-13 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000128/0001753539-26-000128-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000124/0001753539-26-000124-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000118/0001753539-26-000118-index.htm)
- DEF 14A · filed 2026-07-23 · [filing](https://www.sec.gov/Archives/edgar/data/1753539/000175353926000108/0001753539-26-000108-index.htm)
- 8-K · filed 2026-05-22 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1753539/000162828026037716/0001628280-26-037716-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001753539.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1753539

## Cite

POPS4, Edgar & Edgarette: BLACKSKY TECHNOLOGY INC (BKSY) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BKSY. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.