BlackSky Technology (NYSE:BKSY) Posts Quarterly Earnings Results, Beats Expectations By $0.33 EPS

BlackSky Technology (NYSE:BKSY) posted its quarterly earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.33, FiscalAI reports. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. The company had revenue of $42.84 million for the quarter, compared to the consensus estimate of $39.64 million.

Here are the key takeaways from BlackSky Technology’s conference call:

• BlackSky reported record Q3 revenue of $42.8 million, up 118% year over year, and record Adjusted EBITDA of $12.8 million, a 30% margin. The company also generated positive operating cash flow and ended the quarter with $231 million in cash, restricted cash, and short-term investments.
• Management raised full-year 2026 guidance for the second time, now expecting revenue of $140 million to $150 million and Adjusted EBITDA of $18 million to $24 million; CapEx guidance remains $50 million to $60 million.
• Space-based intelligence and AI services revenue rose 107% to $32.7 million, with management citing expanding Gen-3 subscriptions and a run rate above $100 million for these services. The company said pilots can make quarterly results uneven as they convert into subscriptions.
• Mission Solutions revenue grew roughly fivefold year over year, and BlackSky was selected to supply very high-resolution optical satellites for an international AI-in-space initiative. However, the initial contract is small, and the larger program’s scope, value, and timing are not yet finalized.
• Management cautioned that Q4 revenue mix and the timing of program deliverables could weigh on sequential Adjusted EBITDA, despite expected revenue growth. Pilot-program timing may also add lumpiness to the high-margin services business.

BlackSky Technology Stock Up 11.1%

NYSE BKSY traded up $2.12 during mid-day trading on Friday, reaching $21.24. The stock had a trading volume of 1,445,234 shares, compared to its average volume of 903,369. BlackSky Technology has a 1 year low of $12.41 and a 1 year high of $52.88. The stock has a market cap of $869.06 million, a PE ratio of -16.59 and a beta of 2.84. The company has a fifty day moving average price of $20.39 and a 200 day moving average price of $26.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72.

Key BlackSky Technology News

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky reported Q3 2026 EPS of $0.10, versus analysts’ consensus estimate of a $0.23 loss, and revenue of $42.84 million, above the $39.64 million estimate. The better-than-expected results were cited in a report about the shares gapping higher. BlackSky Technology Shares Gap Up on Better-Than-Expected Earnings
• Positive Sentiment: Sidoti raised its EPS forecasts for Q4 2027 to $0.20, Q2 2028 to $0.07, and Q3 2028 to $0.15. Higher out-quarter estimates suggest improved expectations for future profitability. BlackSky analyst estimates
• Positive Sentiment: A separate earnings-call headline points to record revenue growth, reinforcing the upbeat quarterly results, though the headline provided no additional figures. BlackSky Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Wall Street Zen raised its rating on BlackSky to Hold. That indicates a less negative view, but does not amount to a Buy recommendation. BlackSky Raised to Hold at Wall Street Zen
• Negative Sentiment: Despite the quarterly beat, the supplied outlook calls for a full-year loss of $1.09 per share, and BlackSky’s net margin remains negative—risks that temper the earnings optimism.

Analyst Ratings Changes

BKSY has been the topic of several analyst reports. Wall Street Zen raised BlackSky Technology from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Thursday, October 15th. Finally, Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Insider Activity at BlackSky Technology

In related news, CFO Henry Dubois sold 15,225 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $318,963.75. Following the sale, the chief financial officer directly owned 482,931 shares of the company’s stock, valued at $10,117,404.45. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Brian E. O’toole sold 56,280 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $20.95, for a total value of $1,179,066.00. Following the sale, the chief executive officer directly owned 1,063,396 shares in the company, valued at $22,278,146.20. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 168,557 shares of company stock valued at $3,497,029. 5.20% of the stock is owned by corporate insiders.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.