secwatch.observer — SEC 8-K summary
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Issuer:     BlackSky Technology Inc. (BKSY)
CIK:        0001753539
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001753539-26-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753539/000175353926000057/0001753539-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753539/000175353926000057/bksy-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001753539-26-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer