Quarterly ResultMay 7, 2026, 07:08 AM
BlackSky Wins $160M in New Contracts; Raises 2026 Guidance
AI Summary
BlackSky Technology Inc. announced its first quarter 2026 financial results, reporting total revenue of $20.8 million. The company secured new contracts valued up to $160 million, driven by demand for Gen-3 space-based intelligence and AI services. Based on strong year-to-date sales and increased revenue visibility, BlackSky raised its full-year 2026 guidance for both revenue and Adjusted EBITDA.
Key Highlights
- Secured new contracts valued up to $160 million.
- Raised full-year 2026 revenue guidance to $130 million-$150 million.
- Raised full-year 2026 Adjusted EBITDA guidance to $12 million-$24 million.
- Q1 2026 total revenue was $20.8 million.
- Space-based intelligence & AI services revenue grew 14% compared to prior quarter.
- Q1 2026 net loss was $29.7 million.
- Q1 2026 Adjusted EBITDA loss was $5.1 million.
- Cash and cash equivalents totaled $117.5 million as of March 31, 2026.