---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-25-000067"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T05:59:12.143244+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001753539-25-000067
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353925000067/0001753539-25-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353925000067/bksy-20250717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-25-000067
- JSON: https://secwatch.observer/filing/0001753539-25-000067.json
- Plain text: https://secwatch.observer/filing/0001753539-25-000067.txt

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