BlackSky Q1 FY26 net loss widens to $29.7 million; revenue falls to $20.8 million

BlackSky Technology Inc Class A

BlackSky Technology Inc Class A

BKSY

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  • BlackSky posted Q1 revenue of $20.8 million, down from $29.5 million a year earlier.
  • Net loss widened to $29.7 million, or $0.82 per share, from $12.8 million, or $0.42 per share.
  • Cost of sales improved to 35% of revenue from 43%, while adjusted EBITDA loss widened to $5.1 million from $0.6 million.
  • Won new contracts valued up to $160 million, including a $25 million multi-year Ministry of Defense subscription deal and an Air Force Research Lab sole-source IDIQ valued up to $99 million.
  • Raised full-year revenue outlook to $130 million-$150 million, lifting adjusted EBITDA guidance to $12 million-$24 million.


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