BlackSky Technology Inc.
BKSY, BKSY-WT · Radio & Tv Broadcasting & Communications Equipment · 37.1M shares · -10%/yr ↓ buyback · EDGAR filings ↗
Reference price $34.10 · est. market cap ~$1.3B — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Geospatial-intelligence (satellite imagery) company with operating losses and high leverage.
Strengths
- Adequate liquidity — current ratio 3.5 (57th)
Risks
- Operating/net losses — operating margin -44%, net margin -66%
- High leverage, weak coverage — D/E 2.1 (91st), interest coverage -3.1
- Capital-intensive constellation buildout — per 10-K
Notable findings
- No interest coverageInterest coverage -3.14 (cannot cover interest)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- High leverageHigh leverage (debt/equity 2.12)
- Net lossNet loss (net margin -65.9%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Buying back stockNet buyback — share count -10%/yr over 4y
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$1M, last 6mo) Form 4 ↗
- Revenue declineRevenue -41.0% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-44.0%
Net margin
-65.9%
Return on equity
-74.1%
Return on assets
-18.2%
ROIC
-12.5%
Revenue growth (QoQ)
-41.0%
Debt / equity
2.1×
Interest coverage
-3.1×
Current ratio
3.5×
EBITDA
-$17M
Tangible book value
$80M
Cash & investments
$124M
Stock comp / revenue
13.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | O'Toole Brian E | Sell | 16K | $34.10 |
| 2026-06-10 | Dubois Henry Edward | Sell | 15K | $34.10 |
| 2026-06-10 | Lin Christiana L | Sell | 12K | $34.10 |
| 2026-03-31 | TOLONEN JAMES R | Grant | 894 | — |
| 2026-03-31 | Gordon Susan M. | Grant | 894 | — |
| 2026-03-31 | Abraham Magid M | Grant | 894 | — |
| 2026-03-31 | Porteous William D. | Grant | 894 | — |
| 2026-03-11 | Ward Tracy | Tax withheld | 803 | $24.00 |
| 2026-03-11 | O'Toole Brian E | Tax withheld | 25K | $24.00 |
| 2026-03-11 | Lin Christiana L | Tax withheld | 14K | $24.00 |
| 2026-03-11 | Dubois Henry Edward | Tax withheld | 24K | $24.00 |
| 2026-03-10 | O'Toole Brian E | Grant | 192K | — |
| 2026-03-10 | Dubois Henry Edward | Grant | 77K | — |
| 2026-03-10 | Lin Christiana L | Grant | 73K | — |
| 2025-12-31 | TOLONEN JAMES R | Grant | 1.2K | — |
| 2025-12-31 | Porteous William D. | Grant | 1.2K | — |
| 2025-12-31 | Gordon Susan M. | Grant | 1.2K | — |
| 2025-12-31 | Abraham Magid M | Grant | 1.2K | — |
| 2025-12-12 | Ward Tracy | Sell | 700 | $19.27 |
| 2025-12-12 | Dubois Henry Edward | Sell | 13K | $19.27 |
| 2025-12-12 | Lin Christiana L | Sell | 10K | $19.27 |
| 2025-12-12 | O'Toole Brian E | Sell | 13K | $19.27 |
| 2025-12-10 | TOLONEN JAMES R | Grant | 750 | — |
| 2025-12-10 | Porteous William D. | Grant | 1.5K | — |
| 2025-09-30 | Abraham Magid M | Grant | 1.1K | — |
| 2025-09-30 | Porteous William D. | Grant | 1.1K | — |
| 2025-09-30 | TOLONEN JAMES R | Grant | 1.1K | — |
| 2025-09-30 | Gordon Susan M. | Grant | 1.1K | — |
| 2025-09-15 | O'Toole Brian E | Grant | 250K | — |
| 2025-09-15 | O'Toole Brian E | Grant | 250K | — |
| 2025-09-12 | Dubois Henry Edward | Sell | 30K | $17.45 |
| 2025-09-12 | Lin Christiana L | Sell | 23K | $17.45 |
| 2025-09-12 | O'Toole Brian E | Sell | 32K | $17.45 |
| 2025-09-12 | Ward Tracy | Sell | 681 | $17.45 |
| 2025-09-11 | DiDomenico David | Grant | 8.6K | — |
| 2025-09-11 | Harvey Timothy M. | Grant | 8.6K | — |
| 2025-09-11 | Porteous William D. | Grant | 8.6K | — |
| 2025-09-11 | Gordon Susan M. | Grant | 8.6K | — |
| 2025-09-11 | Abraham Magid M | Grant | 8.6K | — |
| 2025-09-11 | TOLONEN JAMES R | Grant | 8.6K | — |
| 2025-09-10 | Dubois Henry Edward | Sell | 32K | $17.45 |
| 2025-09-10 | Ward Tracy | Sell | 720 | $17.45 |
| 2025-09-10 | O'Toole Brian E | Sell | 33K | $17.45 |
| 2025-09-10 | Lin Christiana L | Sell | 24K | $17.45 |
| 2025-06-30 | Abraham Magid M | Grant | 1.1K | — |
| 2025-06-30 | Porteous William D. | Grant | 1.1K | — |
| 2025-06-30 | Gordon Susan M. | Grant | 1.1K | — |
| 2025-06-30 | TOLONEN JAMES R | Grant | 1.1K | — |
| 2025-06-16 | Ward Tracy | Option exercise | 8.4K | $11.59 |
| 2025-06-16 | Ward Tracy | Option exercise | 2.6K | $11.59 |
| 2025-06-16 | Ward Tracy | Option exercise | 2.4K | $11.59 |
| 2025-06-10 | Ward Tracy | Tax withheld | 683 | $12.08 |
| 2025-06-10 | Lin Christiana L | Tax withheld | 4.0K | $12.08 |
| 2025-06-10 | Dubois Henry Edward | Tax withheld | 7.8K | $12.08 |
| 2025-06-10 | O'Toole Brian E | Tax withheld | 6.9K | $12.08 |
| 2025-03-31 | Gordon Susan M. | Grant | 2.9K | — |
| 2025-03-31 | Abraham Magid M | Grant | 2.9K | — |
| 2025-03-31 | Porteous William D. | Grant | 2.9K | — |
| 2025-03-31 | TOLONEN JAMES R | Grant | 2.9K | — |
| 2025-03-10 | O'Toole Brian E | Grant | 105K | — |
| 2025-03-10 | Dubois Henry Edward | Grant | 95K | — |
| 2025-03-10 | Dubois Henry Edward | Tax withheld | 8.4K | $9.23 |
| 2025-03-10 | Lin Christiana L | Grant | 81K | — |
| 2025-03-10 | Lin Christiana L | Tax withheld | 4.7K | $9.23 |
| 2025-03-10 | Ward Tracy | Tax withheld | 804 | $9.23 |
| 2025-03-10 | O'Toole Brian E | Tax withheld | 6.9K | $9.23 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Material agreementExhibits | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-04-07 | Exec/director changeExhibits | filing ↗ |
| 2026-03-02 | ResultsOtherExhibits | filing ↗ |
| 2026-02-26 | ResultsOtherExhibits | filing ↗ |
| 2025-12-12 | Material agreementExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-09-11 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-22 | 0001628280-26-037716 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001753539-26-000057 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001753539-26-000064 ↗ |
| 10-K/A | 2026-04-16 | 2025-12-31 | 0001753539-26-000049 ↗ |
| 8-K | 2026-04-07 | 2026-04-07 | 0001753539-26-000045 ↗ |
| 10-K | 2026-03-17 | 2025-12-31 | 0001753539-26-000032 ↗ |
| 8-K/A | 2026-03-02 | 2026-02-26 | 0001753539-26-000014 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001753539-26-000009 ↗ |
| 8-K | 2025-12-12 | 2025-12-12 | 0001628280-25-056784 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001753539-25-000103 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001753539-25-000107 ↗ |
| 8-K | 2025-09-11 | 2025-09-10 | 0001753539-25-000097 ↗ |