Earnings Releases·Nov 5, 2026, 7:03 AM ET

BlackSky Technology Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged 118% year-over-year to $42.8 million, driven by record space-based intelligence & AI services of $32.7 million, while the company swung to a net income of $18.5 million from a $15.3 million loss in the prior year period.
Management raised full-year 2026 revenue guidance to $140–$150 million and Adjusted EBITDA guidance to $18–$24 million, citing strong momentum from Gen-3 capabilities and improved cost of sales margins (21% vs. 35% YoY).
Strategic milestones include securing a $1 billion exclusive provider agreement for a 50-satellite constellation with France and the UAE, deploying a fifth Gen-3 satellite, and expanding into new seven-figure contracts with U.S. and international defense customers.
The company maintains a strong liquidity position with $231.1 million in cash and equivalents as of September 30, 2026, while total liabilities decreased slightly to $290.5 million.