Filing Flows › BlackSky Technology (BKSY) › Q3 2026 › vs Q2 2026
BlackSky Technology (BKSY) Q3 2026 vs Q2 2026 (quarter over quarter)
BlackSky Technology's revenue rose $9.5M (+29%) from $33.3M in Q2 2026 to $42.8M in Q3 2026. The biggest changes: Space-based intelligence & AI services +$8.2M (+34%); Advanced technology programs +$1.7M (+45%); Mission solutions −$386K (-8%). Operating margin 0.9% against -23.4% (+24.4 pts).
BlackSky Technology, Q3 2026: revenue $42.8M (+118% year over year), operating margin 0.9%, net earnings $18.5M, operating cash flow $3.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 0.9% | -23.4% | +24.4 pts |
| Net margin | 43.2% | -62.5% | +105.7 pts |
| Free cash flow margin | 0.2% | -20.8% | +21.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Space-based intelligence & AI services | $32.7M | $24.5M | $8.2M | +34% |
| Advanced technology programs | $5.4M | $3.7M | $1.7M | +45% |
| Mission solutions | $4.7M | $5.1M | −$386K | -8% |
| Revenue | $42.8M | $33.3M | $9.5M | +29% |
| Other income, net | $18.1M | −$13.0M | $31.1M | — |
| Operating profit | $405K | −$7.8M | $8.2M | — |
| Costs & expenses | $42.4M | $41.1M | $1.3M | +3% |
| Pre-tax earnings | $18.5M | −$20.8M | $39.3M | — |
| Research & development | $460K | $291K | $169K | +58% |
| SG&A | $25.4M | $23.8M | $1.6M | +7% |
| Other operating costs | $16.6M | $17.0M | −$460K | -3% |
| Net earnings | $18.5M | −$20.8M | $39.3M | — |
| Operating cash sources | $30.7M | −$8.5M | $39.3M | — |
| Depreciation & amortization | $7.5M | $8.0M | −$489K | -6% |
| Share-based compensation | $4.7M | $4.3M | $393K | +9% |
| Working capital & other | $27.2M | −$5.0M | $32.2M | — |
| Operating cash flow | $3.6M | −$3.5M | $7.1M | — |
| Free cash flow (OCF − capex) | $67K | −$6.9M | $7.0M | — |
| Capital expenditures | $3.5M | $3.4M | $68K | +2% |
Questions
How much did BlackSky Technology's revenue grow quarter over quarter in Q3 2026?
BlackSky Technology's revenue rose $9.5M (+29%) from $33.3M in Q2 2026 to $42.8M in Q3 2026.
What drove BlackSky Technology's revenue change in Q3 2026?
Space-based intelligence & AI services +$8.2M (+34%); Advanced technology programs +$1.7M (+45%); Mission solutions −$386K (-8%).