---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-25-000050"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:00:27.018515+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BlackSky Q1 revenue up 22% to $29.5M, backlog grows 40% to $366M

## Summary
- Revenue $29.5M (+22% YoY); net loss improved to $12.8M from $15.8M.
- Backlog $366M (+40% QoQ) driven by $130M+ in new contract bookings, including $100M+ seven-year subscription.
- Cash balance up 43% vs prior quarter; first Gen-3 satellite fully commissioned, second on track for Q2 launch.
- Cost of sales as % revenue rose to 43% from 29% due to transfer of capitalized satellite asset for India contract.
- Adjusted EBITDA loss $0.6M vs positive $1.4M prior year, reflecting overhead from LeoStella operations.

## SEC filing metadata
- accession: 0001753539-25-000050
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353925000050/0001753539-25-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353925000050/bksy-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-25-000050
- JSON: https://secwatch.observer/filing/0001753539-25-000050.json
- Plain text: https://secwatch.observer/filing/0001753539-25-000050.txt

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