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← CockpitCompetitor Analysis › BKSY BlackSky Technology Inc Class AOpen in the cockpit ↗

BlackSky Technology Inc Class ABKSYCompetitor analysis, valuation and peers

United States · USD·Information Technology›Packaged Software
Momentum laggard 17
Mkt cap
$873M
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$18.9M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-36.1 pp
WACC 16.3%
Hurdle
n/a
no reverse DCF
Next earnings
124 days
10 Mar 2027
Close · USD$21.33
1D+11.6%
1W+19.4%
1M+0.8%
3M-25.4%
6M-45.9%
YTD+13.8%
1Y+13.6%
ATR %7.1%
Beta2.38
52w lowhigh59.7% off high

What BlackSky Technology does

Employees: 321

BlackSky Technology at a glance

Size BlackSky Technology (BKSY) is a United States Information Technology company (Packaged Software) with a market value of $873M, the 2334th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.33 on 6 Nov 2026.

Performance Over six months the shares fell 45.9%, against -14.4% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 4.1% over the last twelve months (peer median +21.1%); the operating margin is -43.4% (peer median 8.0%).

Valuation It trades at 7.8× enterprise value to sales against a peer median of 3.2× (4th most expensive of 21).

Capital Return on invested capital runs 36.1 points below its cost of capital (16.3% WACC).

Backlog Backlog (remaining performance obligations) was $355M at 30 Sep 2026, up 10% on a year earlier — 2.7 years of trailing revenue. Backlog detail →

Short interest Short interest is 17.1% of the free float (15 Oct 2026).

Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026Peer median 85BKSY 52
Six months, rebased to 100: BlackSky Technology against the median of its 20 peers (local-currency closes).

BlackSky Technology financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$109M$107M$102M$94.5M$65.3M
Revenue growth—+4%+8%+45%—
Gross profit$42.9M$40.9M$31.1M$17.3M-$6.14M
EBITDA-$13.5M-$15.9M-$169,000-$11.7M-$49.2M
Net income-$66.7M-$70.3M-$57.2M-$53.9M-$74.9M
Free cash flow-$113M-$74.9M-$56.7M-$61.1M-$88.5M
Capital expenditure$58.9M$46.6M$50.2M$43.7M$44.1M
Total debt$221M$209M$116M$87.2M$79.9M

Quarterly statements and history in the cockpit →

BlackSky Technology competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%0%+20%002123FQT3000434180688562215A300925HSTM4776QTCOM300523DSP300075PAR3281303738RATEGAINBKSY6-month return →1-month return →
Up and to the right = strong over both horizons. BlackSky Technology is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%2.5×5×7.5×002123FQT3000434180688562215A300925HSTM4776300525DSP603776300075PAR603383328130RATEGAINBKSYRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. BlackSky Technology is the large dot.

BlackSky Technology competitors and peer comparison

How BlackSky Technology compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

BlackSky Technology against its 20 peers (data as of 6 Nov 2026)
MeasureBKSYPeer medianRank in peer set
1-month return+0.8%-1.5%9th highest of 21
6-month return-45.9%-14.4%lowest of 21
Distance from 52-week high-59.7%-36.1%2nd lowest of 21
Revenue growth (TTM)+4.1%+21.1%6th lowest of 21
Operating margin-43.4%8.0%3rd lowest of 21
EV / Sales7.8×3.2×4th most expensive of 21
ROIC minus cost of capital-36.1 pp-2.1 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
BlackSky Technology BKSYUnited States$873M-46%+4%-43%7.8×n/an/a
Montnets Cloud Technology 002123.SZChina$875M-21%-30%-11%2.9×n/an/a
Frequentis FQT.DEGermany$870M-15%+34%9%1.1×-7.6%+14.1%
Rastar 300043.SZChina$870M-20%-43%20%5.5×10.6%+3.7%
Appier 4180.TJapan$869M+50%+28%7%2.6×19.5%+37.3%
Beijing Shenzhou Aerospace Software Technology 688562.SSChina$878M-21%+24%-5%3.5×n/an/a
Timee 215A.TJapan$878M+9%+56%18%3.2×0.0%+89.1%
Shenzhen Farben Information Technology 300925.SZChina$867M-27%+22%1%0.9×n/an/a
HealthStream HSTMUnited States$884M+21%+10%8%2.4×14.6%+4.4%
Cybozu 4776.TJapan$862M+43%+20%27%3.2×-2.8%+19.0%
Fujian Boss Software 300525.SZChina$861M-24%-5%8%2.9×5.4%+12.1%
Qt Group Plc QTCOM.HEFinland$887M+62%+17%16%3.6×16.4%+22.2%
Beijing Global Safety Technology 300523.SZChina$855M-14%+29%-11%3.3×n/an/a
Viant Technology DSPUnited States$854M+7%+22%36%2.3×-4.6%+15.8%
Youon Technology 603776.SSChina$852M+3%+34%-28%5.1×16.7%-14.0%
Beijing eGOVA 300075.SZChina$851M-29%-5%-102%8.7×n/an/a
PAR Technology PARUnited States$850M+43%+19%-10%2.4×n/an/a
Fujian Apex Software 603383.SSChina$848M-15%-8%25%7.9×16.4%+10.7%
Lunit 328130.KSSouth Korea$846M-25%+24%-76%11.7×n/an/a
Vobile 3738.HKHong Kong$844M-17%+20%13%2.4×n/an/a
RateGain Travel Technologies RATEGAIN.NSIndia$910M+15%+114%15%3.7×32.4%+48.7%

BlackSky Technology backlog

BlackSky Technology reported $355M of remaining performance obligations at 30 Sep 2026, up 10% from a year earlier and down 6% from the previous quarter. That is 2.7 years of trailing revenue already under contract. Book-to-bill last quarter: 0.46.

Questions

Which companies are BlackSky Technology's closest peers?
The cockpit's peer set: Montnets Cloud Technology (002123.SZ), Frequentis (FQT.DE), Rastar (300043.SZ), Appier (4180.T), Beijing Shenzhou Aerospace Software Technology (688562.SS), Timee (215A.T), Shenzhen Farben Information Technology (300925.SZ), HealthStream (HSTM).
Is BlackSky Technology expensive compared with its peers?
On ev / sales it trades at 7.8× against a peer median of 3.2×, 4th most expensive of 21 in its peer set.
How has BlackSky Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -45.9% against -14.4% for the median peer; over one year +13.6%.
What is BlackSky Technology's backlog?
BlackSky Technology's remaining performance obligations (contracted revenue not yet recognised) were $355M at 30 Sep 2026, +10% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.