Quarterly ResultAug 6, 2026, 07:08 AM
BlackSky Q2 Revenue Up 50% to $33.3M; Net Loss Halved to $20.8M
AI Summary
BlackSky Technology Inc. reported strong second-quarter 2026 financial results, with total revenue growing 50% year-over-year to $33.3 million, driven by demand for its Gen-3 services. The company significantly reduced its net loss to $20.8 million from $41.2 million in the prior year and achieved a positive Adjusted EBITDA of $4.7 million. BlackSky also strengthened its balance sheet with a $244.1 million cash balance and secured key contracts, including an eight-figure award from the NRO, while reaffirming its full-year 2026 financial outlook.
Key Highlights
- Total revenue increased 50% year-over-year to $33.3 million for Q2 2026.
- Record space-based intelligence & AI services revenue reached $25 million.
- Net loss improved to $20.8 million in Q2 2026, down from $41.2 million in Q2 2025.
- Adjusted EBITDA was $4.7 million in Q2 2026, up from a loss of $2.8 million in Q2 2025.
- Cash balance stood at $244.1 million as of June 30, 2026, after raising $150 million.
- Awarded an eight-figure contract with the NRO for AROS development.
- Reaffirmed full-year 2026 revenue outlook between $130 million and $150 million.
- Reaffirmed full-year 2026 Adjusted EBITDA outlook between $12 million and $24 million.
Price Impact
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