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BlackSky Technology (BKSY) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · BlackSky Technology (BKSY) Q3 2026 earnings results →
Q3 2026 Revenue up 118% year over year to $42.8M · 43¢ of every $1 of revenue kept as net profit · operating margin 0.9%
BlackSky Technology made $42.8M in Q3 2026 (+118% Y/Y): Space-based intelligence & AI services $32.7M, Advanced technology programs $5.4M, Mission solutions $4.7M. Operating margin 0.9%, net earnings $18.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $42.8M in Q3 2026, up 118% year over year and up 29% from the previous quarter. Space-based intelligence & AI services was the largest line at 76% of revenue. Space-based intelligence & AI services added $17.0M year over year (up 107%), 73% of the total change.
Operating profit was $405K, a 0.9% margin (up 86.7 points year over year). Total costs grew 16% against revenue growth of 118%. The fastest-growing cost line was Research & development (+1433%). Net earnings were $18.5M. The effective tax rate was 0.0%. Non-operating items added $18.1M, 98% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.6M, 19% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $27.2M. Capital expenditures of $3.5M left free cash flow of $67K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $42.8M | +118% | 0.9% | $18.5M | $3.6M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $33.3M | +50% | -23.4% | −$20.8M | −$3.5M |
| Q1 2026 | 10-Q | May 7, 2026 | $20.8M | -30% | -89.2% | −$29.7M | −$2.4M |
| Q4 2025 | 10-K | Mar 17, 2026 | $35.2M | +16% | -11.8% | −$868K | −$9.3M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $19.6M | -13% | -85.8% | −$15.3M | −$39.0M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $22.2M | -11% | -62.8% | −$41.2M | −$7.3M |
| Q1 2025 | 10-Q | May 8, 2025 | $29.5M | +22% | -40.5% | −$12.8M | $27.2M |
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Customers and suppliers named in filings
Sells to
- usgov · named in a filing
Buys from
- MSFT · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About BlackSky Technology
Founded in 2014, BlackSky Technology Inc. (“BlackSky,” the “Company,” “we,” “us,” or “our”) is a space-based technology company that delivers real-time imagery, analytics and high-frequency monitoring of the world’s most critical and strategic locations, economic assets, and events. By taking a software-first technology approach, we are delivering real-time space-based intelligence at disruptive speed, scale and economics. BlackSky is trusted by many government and commercial organizations around the world, including U.S defense and intelligence agencies and international ministries of defense. We are continuing to define a new category of space-based intelligence products and services centered upon real-time imagery and automated analytics, delivered through an easy-to-use interface that operates seamlessly with our high-revisit and low latency satellite constellation.
In its own words, from its 10-K, filed Mar 17, 2026.
BlackSky Technology against its Radio & Tv Broadcasting & Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +118% against the peers' median +12%. Operating margin: 0.9% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BKSY BlackSky Technology | Q3 2026 | $42.8M | +118% | 0.9% |
| QCOM Qualcomm | Q4 FY26 | $10.3B | -8% | 13.1% |
| MSI Motorola Solutions | Q3 2026 | $3.4B | +12% | 23.0% |
| UI Ubiquiti | Q1 FY27 | $1.0B | +40% | 38.1% |
| VISN Vistance Networks | Q3 2026 | $320M | -38% | 7.2% |
| HLIT Harmonic | Q3 2026 | $149M | +64% | 17.6% |
| AVNW Aviat Networks | Q4 FY26 | $121M | +5% | 4.8% |
| PL Planet Labs PBC | Q2 FY27 | $116M | +58% | -11.6% |
| CMTL Comtech Telecommunications | Q3 FY26 | $106M | -16% | -2.9% |
Source: BlackSky Technology 10-Q on SEC EDGAR · CIK 1753539 · Radio & Tv Broadcasting & Communications Equipment
Guidance and outlook
13F: who owns BKSY and who is buying
More on BKSY
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results