Quarterly ResultMay 7, 2026, 04:10 PM
BlackSky Q1 Revenue $20.77M; Net Loss $(29.66)M; EPS $(0.82)
AI Summary
BlackSky Technology Inc. reported a significant decline in its first-quarter 2026 financial results, with total revenue decreasing to $20.77 million from $29.54 million year-over-year. The company's net loss widened to $(29.66) million, or $(0.82) per share, compared to a net loss of $(12.81) million, or $(0.42) per share, in the prior year. Operating activities shifted from providing $27.25 million in cash to using $2.36 million.
Key Highlights
- Total revenue decreased to $20.77 million in Q1 2026 from $29.54 million in Q1 2025.
- Net loss widened to $(29.66) million in Q1 2026 from $(12.81) million in Q1 2025.
- Basic and diluted loss per share increased to $(0.82) from $(0.42) year-over-year.
- Net cash used in operating activities was $(2.36) million, compared to $27.25 million provided in Q1 2025.
- Space-based intelligence & AI services revenue was $16.52 million, down from $16.83 million.
- Mission solutions revenue significantly dropped to $2.01 million from $9.84 million.
- Total backlog stood at $351.6 million as of March 31, 2026.
- U.S. federal government and agencies accounted for 45% of total revenue in Q1 2026.