Filing Flows › BlackSky Technology (BKSY) › Q1 2026
BlackSky Technology (BKSY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
BlackSky Technology (BKSY) reported revenue of $20.8M for the first quarter 2026 (Q1 2026), -30% from a year earlier and -41% from the quarter before. Operating margin was -89.2%, net loss $29.7M (142.8% of revenue).
BlackSky Technology, Q1 2026: revenue $20.8M (-30% year over year), operating margin -89.2%, net loss $29.7M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.8M | -41% | -30% |
| Operating profit | −$18.5M | — | — |
| Net earnings | −$29.7M | — | — |
| Operating cash flow | −$2.4M | — | -109% |
What changed
Revenue was $20.8M in Q1 2026, down 30% year over year and down 41% from the previous quarter. Space-based intelligence & AI services was the largest line at 80% of revenue. Mission solutions lost $7.8M year over year (down 80%), 89% of the total change.
Operating costs exceeded revenue by $18.5M, an operating margin of -89.2%. Total costs fell 5% while revenue fell 30%. The quarter ended with a net loss of $29.7M, wider than the previous quarter's $868K loss.
Operating cash flow was −$2.4M. Non-cash charges added back $9.2M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $14.0M. Capital expenditures of $3.9M exceeded it, leaving free cash flow of −$6.2M.
Questions
What was BlackSky Technology's revenue in the first quarter 2026?
BlackSky Technology (BKSY) reported revenue of $20.8M for the first quarter 2026 (Q1 2026), -30% from a year earlier and -41% from the quarter before.
Was BlackSky Technology profitable in the first quarter 2026?
Operating loss was $18.5M (-89.2% of revenue) and net loss $29.7M.