Filing Flows › BlackSky Technology (BKSY) › Q3 2026 › vs Q3 2025
BlackSky Technology (BKSY) Q3 2026 vs Q3 2025 (year over year)
BlackSky Technology's revenue rose $23.2M (+118%) from $19.6M in Q3 2025 to $42.8M in Q3 2026. The biggest changes: Space-based intelligence & AI services +$17.0M (+107%); Mission solutions +$3.9M (+450%); Advanced technology programs +$2.4M (+81%). Operating margin 0.9% against -85.8% (+86.7 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 0.9% | -85.8% | +86.7 pts |
| Net margin | 43.2% | -78.2% | +121.4 pts |
| Free cash flow margin | 0.2% | -218.3% | +218.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Space-based intelligence & AI services | $32.7M | $15.8M | $17.0M | +107% |
| Advanced technology programs | $5.4M | $3.0M | $2.4M | +81% |
| Mission solutions | $4.7M | $859K | $3.9M | +450% |
| Revenue | $42.8M | $19.6M | $23.2M | +118% |
| Other income, net | $18.1M | $1.5M | $16.6M | 12× |
| Operating profit | $405K | −$16.8M | $17.2M | — |
| Costs & expenses | $42.4M | $36.4M | $6.0M | +16% |
| Pre-tax earnings | $18.5M | −$15.3M | $33.8M | — |
| Research & development | $460K | $30K | $430K | 15× |
| SG&A | $25.4M | $21.7M | $3.7M | +17% |
| Other operating costs | $16.6M | $14.7M | $1.9M | +13% |
| Net earnings | $18.5M | −$15.3M | $33.9M | — |
| Operating cash sources | $30.7M | −$3.8M | $34.5M | — |
| Depreciation & amortization | $7.5M | $7.9M | −$356K | -5% |
| Share-based compensation | $4.7M | $3.7M | $1.1M | +29% |
| Working capital & other | $27.2M | $35.1M | −$8.0M | -23% |
| Operating cash flow | $3.6M | −$39.0M | $42.5M | — |
| Free cash flow (OCF − capex) | $67K | −$42.8M | $42.9M | — |
| Capital expenditures | $3.5M | $3.9M | −$374K | -10% |
Questions
How much did BlackSky Technology's revenue grow year over year in Q3 2026?
BlackSky Technology's revenue rose $23.2M (+118%) from $19.6M in Q3 2025 to $42.8M in Q3 2026.
What drove BlackSky Technology's revenue change in Q3 2026?
Space-based intelligence & AI services +$17.0M (+107%); Mission solutions +$3.9M (+450%); Advanced technology programs +$2.4M (+81%).