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BlackSky Technology BKSY Satellite work in process

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Other financials

Income statement

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Revenue$20.8M-29.7%
Operating income-$18.5M-54.7%
Net income-$29.7M-132%
EPS (diluted)-$0.82-95.2%

Balance sheet

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Cash & equivalents$41.4M+89.1%
Total debt$226.7M+76.9%
Total equity$80.8M-9.1%
Total assets$371.7M+30.5%

Cash flow

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Operating cash flow-$2.4M-109%
CapEx$3.9M-13.4%
Free cash flow-$6.2M-127%

Valuation

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Market cap$903.6M+103%
Enterprise value$1.09B+97.2%
P/S9.2×+5.1×

Profitability

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Operating margin-54.7%+31.4pp
Net margin-89.1%+289pp
FCF margin-75.2%-82.5pp

Returns & leverage

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Return on equity-102.7%+164pp
Debt / equity2.8×+1.4×
Current ratio3.5×-0.3×

Where this comes from

Reported directly by BlackSky Technology in its filing.

Tagged under the XBRL concept bksy:SatelliteWorkInProcess.

The official record: BlackSky Technology’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BlackSky Technology's satellite work in process?
BlackSky Technology (BKSY) reported satellite work in process of $72.37M in Q1 2026.
How has BlackSky Technology's satellite work in process changed year-over-year?
BlackSky Technology's satellite work in process decreased by 4.2% year-over-year, from $75.58M to $72.37M.
What is the long-term trend for BlackSky Technology's satellite work in process?
Over 2 years (2023 to 2025), BlackSky Technology's satellite work in process has grown at a 20.0% compound annual growth rate (CAGR), from $55.98M to $80.65M.
What does satellite work in process mean?
This represents the accumulated costs for satellite assets currently under construction or development that are not yet operational. It reflects capital investment in future capacity and infrastructure that will eventually contribute to revenue-generating imagery services.