BlackSky Technology Reports Strong Q3 2025 Results

Blacksky Technology Inc. ( (BKSY) ) has released its Q3 earnings. Here is a breakdown of the information Blacksky Technology Inc. presented to its investors.

BlackSky Technology Inc. is a space-based intelligence company that provides real-time imagery and analytics services, primarily operating in the aerospace and defense sector. The company is known for its advanced satellite constellation and analytics software platform.

In its third-quarter 2025 earnings report, BlackSky Technology Inc. highlighted significant achievements, including securing over $60 million in new contract awards, driven by strong international demand for its Gen-3 satellite capabilities. The company also maintained its 2025 financial outlook, despite challenges in the U.S. government sector.

Key financial metrics for the quarter included a total revenue of $19.6 million and a backlog of $322.7 million, with a notable 91% coming from international contracts. The company reported a net loss of $15.3 million, an increase from the previous year, attributed to reduced revenues from U.S. government contracts and increased operating expenses. BlackSky’s cash balance rose to $147.6 million, bolstered by proceeds from a convertible note offering and warrant exercises.

Strategically, BlackSky secured a multi-year contract worth over $30 million with an international defense customer and initiated Gen-3 imagery services for the U.S. government. The company also announced the upcoming launch of its next Gen-3 satellite, aiming to enhance its service offerings further.

Looking ahead, BlackSky remains optimistic about its growth prospects, driven by international demand and the continued expansion of its satellite constellation. The company anticipates leveraging its strengthened balance sheet and strategic partnerships to sustain momentum into 2026.