---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-24-000013"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:08:59.561236+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BlackSky Q4 revenue $35.5M (+83% YoY); turns positive Adjusted EBITDA $9.3M

## Summary
- Q4 revenue $35.5M (+83% YoY); full-year revenue $94.5M (+45%). Net loss $3.8M vs $14.8M loss prior year.
- Achieved positive Adjusted EBITDA of $9.3M in Q4 vs -$4.6M prior year; full-year Adj. EBITDA loss $1.1M vs -$29.5M.
- Won over $265M in new multi-year contracts in 2023, including $50M from Indonesian Ministry of Defense. Backlog $262M.
- Entered into lease for new HQ in Herndon, VA (17,119 sq ft, 12-year term with rent abatement).

## SEC filing metadata
- accession: 0001753539-24-000013
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000013/0001753539-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000013/bksy-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-24-000013
- JSON: https://secwatch.observer/filing/0001753539-24-000013.json
- Plain text: https://secwatch.observer/filing/0001753539-24-000013.txt

## Key facts
- Earnings Releases
  BlackSky Technology Inc. reported fourth quarter ended December 31, 2023 results: revenue $35.5 million.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $35.5 million
  - Result: reported results
  source text: Inc. (“BlackSky” or the “Company”) (NYSE: BKSY) announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial Highlights: • Revenue of $35.5 million, up 83% from the prior year quarter • Imagery & software analytical services revenue grew 18% over the prior year quarter • Cost of sales, as a percent of revenue, related to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000013/0001753539-24-000013-index.htm
- Earnings Releases
  BlackSky Technology Inc. reported full year ended December 31, 2023 results: revenue $94.5 million.
  - Period: full year ended December 31, 2023
  - Revenue: $94.5 million
  - Result: reported results
  source text: sales, as a percent of revenue, related to imagery & software analytical services improved to 17% from 24% in the prior year quarter Full Year Financial Highlights: • Revenue of $94.5 million, up 45% from the prior year • Imagery & software analytical services revenue grew 38% over the prior year • Cost of sales, as a percent of revenue, related to imagery & software
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000013/0001753539-24-000013-index.htm
- Material Agreements
  BlackSky Technology Inc. entered into Lease with 2411 Dulles Corner Metro Owner LLC (effective 2023-11-20).
  - Action: entry
  - Agreement: lease
  - Counterparty: 2411 Dulles Corner Metro Owner LLC
  - Effective: 2023-11-20
  source text: BlackSky Holdings, Inc. (the “Tenant”), a wholly-owned subsidiary of BlackSky Technology Inc. (the “Company”), entered into a lease agreement (the “Lease”) with 2411 Dulles Corner Metro Owner LLC, a Delaware limited liability company (the “Landlord”) on November 20, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000013/0001753539-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.