Filing Flows › BlackSky Technology (BKSY) › Q2 2026
BlackSky Technology (BKSY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
BlackSky Technology (BKSY) reported revenue of $33.3M for the second quarter 2026 (Q2 2026), +50% from a year earlier and +60% from the quarter before. Operating margin was -23.4%, net loss $20.8M (62.5% of revenue).
BlackSky Technology, Q2 2026: revenue $33.3M (+50% year over year), operating margin -23.4%, net loss $20.8M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.3M | +60% | +50% |
| Operating profit | −$7.8M | — | — |
| Net earnings | −$20.8M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $33.3M in Q2 2026, up 50% year over year and up 60% from the previous quarter. Space-based intelligence & AI services was the largest line at 74% of revenue. Space-based intelligence & AI services added $6.5M year over year (up 36%), 59% of the total change.
Operating costs exceeded revenue by $7.8M, an operating margin of -23.4%. Total costs grew 14% against revenue growth of 50%. The fastest-growing cost line was Research & development (+1612%). The quarter ended with a net loss of $20.8M, narrower than the previous quarter's $29.7M loss. Net interest and other expense of $13.0M was the main reason.
Operating cash flow was −$3.5M. Non-cash charges added back $8.0M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $5.0M. Capital expenditures of $3.4M exceeded it, leaving free cash flow of −$6.9M.
Questions
What was BlackSky Technology's revenue in the second quarter 2026?
BlackSky Technology (BKSY) reported revenue of $33.3M for the second quarter 2026 (Q2 2026), +50% from a year earlier and +60% from the quarter before.
Was BlackSky Technology profitable in the second quarter 2026?
Operating loss was $7.8M (-23.4% of revenue) and net loss $20.8M.