---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-25-000091"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:59:44.893247+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BlackSky Q2 revenue declines 11%; net loss widens on $24.4M derivative charge; launches second Gen-3 satellite

## Summary
- Revenue $22.2M, down 11% YoY; imagery/software analytics revenue grew to $18.0M.
- Net loss $41.2M vs $9.4M YoY, driven by $24.4M loss on derivatives; adjusted EBITDA loss $2.8M.
- Backlog $356M (~85% international); awarded up to $24M NGA Luno A monitoring order.
- Second Gen-3 satellite launched and delivering very-high-resolution imagery; third Gen-3 in final testing.
- Completed $185M upsized convertible note offering in July; pro forma cash >$170M.

## SEC filing metadata
- accession: 0001753539-25-000091
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353925000091/0001753539-25-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353925000091/bksy-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-25-000091
- JSON: https://secwatch.observer/filing/0001753539-25-000091.json
- Plain text: https://secwatch.observer/filing/0001753539-25-000091.txt

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