Earnings ·
BlackSky Technology Inc. reported financial results for the second quarter ended June 30, 2026, announcing total…
BKSY-WTBlackSky Technology Inc.
BlackSky Technology Inc. reported financial results for the second quarter ended June 30, 2026, announcing total revenue of $33.3 million, a 50% increase from the prior year period. The company achieved record space-based intelligence and AI services revenue of $24.5 million and reported an adjusted EBITDA of $4.7 million. Net loss narrowed to $20.8 million compared to $41.2 million in the previous year, primarily due to favorable changes in derivative valuations. BlackSky raised approximately $150 million through the issuance of 3.6 million shares under its at-the-market equity program and holds a cash balance of $244 million as of June 30, 2026. The company reaffirmed its full-year 2026 revenue outlook between $130 million and $150 million. BlackSky Technology Inc. operates in the space-based intelligence industry, providing real-time imagery, analytics, and monitoring services via a proprietary low earth orbit satellite constellation.