BlackSky Q2 revenue falls 11% to $22.2M; cuts FY2025 guidance

BlackSky Technology Inc.

2025-Q2 EPS reported -$1.71 revenue$51,743,000

Preliminary Q2 revenue $22.2M vs $24.9M YoY; imagery/software $18.0M flat; prof/eng services $4.2M down 44%.
Six-month revenue $51.7M (+5% YoY) helped by new satellite delivery contract.
FY2025 revenue guidance cut to $105-130M; EBITDA guidance to breakeven-$10M; cites US govt budget delays.
Cash $94.9M (up from $42.3M) after $90M equity issuances; shares outstanding 34.85M.
Long-term targets reaffirmed: 20-30% revenue growth, >80% imagery/software gross margin.

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