BlackSky Technology Inc. (BKSYWT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2411 DULLES CORNER PARK HERNDON, VA 20171 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 52,462 | 52,512 | 72,163 | 165,586 | 400 | 1,084 | |||
| Cash and cash equivalent | 13,056 | 32,815 | 34,181 | 165,586 | 400 | 1,084 | |||
| Short-term investments | 39,406 | 19,697 | 37,982 | ||||||
| Receivables | 14,701 | 7,071 | 3,112 | 2,629 | 255 | ||||
| Inventory, net of allowances, customer advances and progress billings | 6,043 | ||||||||
| Inventory | 6,043 | ||||||||
| Prepaid expense | 90 | 202 | |||||||
| Contract with customer, asset, after allowance for credit loss | 27,852 | 15,213 | 5,706 | 1,678 | |||||
| Deferred costs | 100 | 500 | |||||||
| Other undisclosed current assets | 5,578 | 4,535 | 7,048 | 8,782 | |||||
| Total current assets: | 106,736 | 79,331 | 88,529 | 178,675 | 745 | 1,286 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,029 | 1,630 | 3,586 | ||||||
| Property, plant and equipment | 45,613 | 67,116 | 71,584 | 70,551 | |||||
| Long-term investments and receivables | 5,285 | 4,002 | |||||||
| Long-term investments | 5,285 | 4,002 | |||||||
| Intangible assets, net (including goodwill) | 15,706 | 10,750 | 11,311 | 11,873 | |||||
| Goodwill | 10,260 | 9,393 | 9,393 | 9,393 | |||||
| Intangible assets, net (excluding goodwill) | 5,446 | 1,357 | 1,918 | 2,480 | |||||
| Contract with customer, asset, after allowance for credit loss | 1,110 | 8,760 | 1,968 | ||||||
| Asset, held-in-trust | 318,042 | 316,959 | |||||||
| Deferred income tax assets | 1 | ||||||||
| Other noncurrent assets | 1,461 | 9,263 | 2,841 | 560 | |||||
| Other undisclosed noncurrent assets | 79,491 | 47,216 | 48,986 | 40,102 | |||||
| Total noncurrent assets: | 147,410 | 144,735 | 145,561 | 127,088 | 318,042 | 316,960 | |||
| TOTAL ASSETS: | 254,146 | 224,066 | 234,090 | 305,763 | 318,787 | 318,246 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 20,419 | 11,573 | 14,368 | 10,837 | 2,158 | 182 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 40 | 95 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 4,089 | ||||
| Accounts payable | 2,421 | 1,723 | |||||||
| Accrued liabilities | 12,180 | 9,255 | 11,947 | 5,025 | |||||
| Other undisclosed accounts payable and accrued liabilities | 8,239 | 2,318 | 2,118 | 87 | |||||
| Deferred revenue | 6,783 | 11,266 | |||||||
| Debt | 1,927 | ||||||||
| Other liabilities | 1,493 | 1,405 | 2,048 | 2,819 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 3,728 | 5,613 | ||||
| Other undisclosed current liabilities | 2,183 | 14,513 | 95 | ||||||
| Total current liabilities: | 26,022 | 27,491 | 26,927 | 30,535 | 2,158 | 276 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 105,736 | 83,502 | 76,219 | 71,408 | |||||
| Long-term debt, excluding current maturities | 105,736 | 83,502 | 76,219 | 71,408 | |||||
| Liabilities, other than long-term debt | 28,399 | 19,914 | 8,443 | 18,883 | |||||
| Deferred revenue | 109 | 568 | |||||||
| Liability for uncertainty in income taxes | 87 | 737 | |||||||
| Other liabilities | 2,387 | 1,724 | 2 | 653 | |||||
| Operating lease, liability | 8,048 | 3,041 | 3,132 | ||||||
| Derivative instruments and hedges, liabilities | 17,964 | 15,149 | 5,113 | 16,925 | |||||
| Other undisclosed noncurrent liabilities | 627 | 5,317 | 46,801 | 11,069 | |||||
| Total noncurrent liabilities: | 134,135 | 103,416 | 85,289 | 95,608 | 46,801 | 11,069 | |||
| Total liabilities: | 160,157 | 130,907 | 112,216 | 126,143 | 48,959 | 11,345 | |||
| Temporary equity, including noncontrolling interest | 264,828 | 301,901 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 93,989 | 93,159 | 121,874 | 179,620 | 5,000 | 5,000 | |||
| Common stock | 3 | 14 | 12 | 11 | |||||
| Additional paid in capital | 750,174 | 692,115 | 666,973 | 650,518 | 27,476 | 4,650 | |||
| Retained earnings (accumulated deficit) | (656,188) | (598,970) | (545,111) | (470,909) | (22,477) | 349 | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||||||
| Total equity: | 93,989 | 93,159 | 121,874 | 179,620 | 5,000 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 254,146 | 224,066 | 234,090 | 305,763 | 318,787 | 318,246 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 102,093 | 94,492 | 65,350 | 34,085 | ||||
| Gross profit: | 102,093 | 94,492 | 65,350 | 34,085 | ||||
| Operating expenses | (118,949) | (116,691) | (116,072) | (119,480) | (3,136) | (264) | ||
| Other undisclosed operating loss | (27,432) | (33,781) | (35,827) | (34,748) | ||||
| Operating loss: | (44,288) | (55,980) | (86,549) | (120,143) | (3,136) | (264) | ||
| Nonoperating income (expense) | (1,252) | 7,935 | 15,009 | (123,771) | (12,128) | 709 | ||
| Investment income, nonoperating | (1,255) | 9,742 | 12,928 | 23,885 | 715 | |||
| Other nonoperating income (expense) | 3 | (1,807) | 2,081 | (147,656) | ||||
| Interest and debt expense | (9,306) | (5,426) | (1,106) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (45,540) | (57,351) | (76,966) | (245,020) | (15,264) | 444 | ||
| Income from equity method investments | 879 | 4,165 | 2,087 | 1,027 | ||||
| Other undisclosed loss from continuing operations before income taxes | (12,187) | |||||||
| Income (loss) from continuing operations before income taxes: | (56,848) | (53,186) | (74,879) | (243,993) | (15,264) | 444 | ||
| Income tax expense | (370) | (673) | (1) | (93) | ||||
| Income (loss) from continuing operations: | (57,218) | (53,859) | (74,879) | (243,993) | (15,265) | 351 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (245,643) | (15,265) | 351 | |
| Income (loss) from discontinued operations | 707 | (1,650) | ||||||
| Net income (loss) attributable to parent: | (57,218) | (53,859) | (74,172) | (245,643) | (15,265) | 351 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 16,521 | |||||||
| Net income (loss) available to common stockholders, diluted: | (57,218) | (53,859) | (74,172) | (245,643) | 1,255 | 351 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (57,218) | (53,859) | (74,172) | (245,643) | (15,265) | 351 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (57,218) | (53,859) | (74,172) | (245,643) | (15,265) | 351 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.