BlackSky Q1 revenue $20.8M, net loss $29.7M; raises FY guidance on $160M in new contracts

BlackSky Technology Inc.

2026-Q1 EPS reported -$0.82 revenue$20,774,000

Space-based intelligence & AI services revenue grew 14% sequentially; total revenue $20.8M vs $29.5M YoY (prior year had $9M one-time milestone).
New contract wins valued up to $160M, including $99M AFRL payload IDIQ and $30M annual international defense subscription.
Cash and short-term investments $117.5M; capital expenditures $15.8M in Q1.
Adjusted EBITDA loss $5.1M, widening from $0.6M loss YoY on the one-time revenue benefit.
Company raised full-year 2026 guidance citing strong sales performance and Gen-3 demand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BlackSky Technology Inc. reported the first quarter ended March 31, 2026 results: revenue $20.8 million, net income Net loss for the first quarter of 2026 was $29.7 million. Guidance raised.

Period: the first quarter ended March 31, 2026
Revenue: $20.8 million
Net income: Net loss for the first quarter of 2026 was $29.7 million
Guidance: raised
Result: reported results

Exact text from the filing

rapidly entered commercial operations in less than one week • Next Gen-3 satellite ready to be shipped Financial Results Revenues Total revenue for the first quarter of 2026 was $20.8 million, compared to $29.5 million in the first quarter of 2025. The difference reflects the benefit in the first quarter of 2025 of $9.0 million related to a program milestone of a new

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Source: SEC EDGAR

accession 0001753539-26-000057

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