BKSYBlackSky Technology Inc.
Radio & Tv Broadcasting & Communications Equipment
- Revenue
- $107M
- 4.4% YoY
- Operating margin
- -44.0%
- 1.4% YoY
- EBITDA
- −$17M
- 2102% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $180M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired-403× net incomeCash flow under 80% of net income
- Dilutive SBCFired13% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $34M | $65M | $94M | $102M | $107M | 4.4% |
| Operating income | −$120M | −$87M | −$56M | −$44M | −$47M | 5.9% |
| Net income | −$246M | −$74M | $54K | $57K | $70K | 23% |
| Operating cash flow | −$54M | −$44M | −$17M | −$6M | −$28M | 343% |
| Stock-based comp | $43M | $20M | $11M | $11M | $14M | 27% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $13M | 152 | — |
| FY2024 | $3M | $3M | 88 | — |
| FY2023 | $3M | $3M | 91 | — |