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Ondas vs BlackSky Technology: ONDS and BKSY compared
Ondas is the larger company: $83.8M of revenue in its latest quarter (Q2 2026) against $42.8M for BlackSky Technology (Q3 2026). Ondas is growing faster (13× against +118% a year earlier). BlackSky Technology is more profitable, with an operating margin of 0.9% against -194.5%.
Where the money goes: ONDS and BKSY
Ondas (ONDS) · Q2 2026
Ondas, Q2 2026: revenue $83.8M (13× year over year), operating margin -194.5%, net loss $89.7M, operating cash flow −$86.1M. The chart follows the revenue to costs, profit and cash.
BlackSky Technology (BKSY) · Q3 2026
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 follows the revenue to costs, profit and cash.
| Ondas (ONDS) | BlackSky Technology (BKSY) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $83.8M | $42.8M |
| Revenue growth, Y/Y | 13× | +118% |
| Operating margin | -194.5% | 0.9% |
| Net earnings | −$89.7M | $18.5M |
| Net margin | -107.1% | 43.2% |
| Operating cash flow | −$86.1M | $3.6M |
| Free cash flow | — | $67K |
Where the revenue comes from
Ondas
- Product Revenue: $43.4M (52%)
- Service Revenue: $23.6M (28%)
- Development Revenue: $16.7M (20%)
BlackSky Technology
- Space-based intelligence & AI services: $32.7M (76%)
- Advanced technology programs: $5.4M (13%)
- Mission solutions: $4.7M (11%)
Questions
Which is bigger, Ondas or BlackSky Technology?
Ondas is the larger company: $83.8M of revenue in its latest quarter (Q2 2026) against $42.8M for BlackSky Technology (Q3 2026).
Is Ondas or BlackSky Technology growing faster?
Ondas is growing faster (13× against +118% a year earlier).
Which is more profitable, Ondas or BlackSky Technology?
BlackSky Technology is more profitable, with an operating margin of 0.9% against -194.5%.
More: Ondas earnings · how Ondas makes money · BlackSky Technology earnings · how BlackSky Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.