Short answer
BlackSky Technology Inc. (BKSY) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $20M (down 13.0% year over year) with net income of −$15M.
Q3 2025 key financials · XBRL
- Revenue
- $20M
- −13.0% YoY · −11.6% QoQ
- Net income
- −$15M
- −21.8% YoY · +62.8% QoQ
- Operating margin
- -85.8%
- EPS (diluted)
- −$0.40
- +78.7% YoY · +69.0% QoQ
Source: XBRL data from the BlackSky Technology Inc. (BKSY) Q3 2025 10-Q on SEC EDGAR. USD.
BlackSky Technology Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $19.618M, down 13.0% YoY from $22.549M
- Operating loss $16.826M, versus $13.230M; operating margin -85.8% vs -58.7% YoY
- Best segment: Imagery and software analytical services $15.782M; worst: professional and engineering services $3.836M, down 27.3% YoY
- July convertible notes raised $185.0M; related-party debt and commercial bank line repaid
- SG&A expected to trend higher through 2025; research and development costs expected to increase in future periods
Risk Factors
- New government-contract risk: Q3 2025 funding reductions cut certain contract values and new delivery orders
- Most material update: federal shutdowns and delayed FY26 appropriations could further reduce contract value and delivery orders
- Compliance risk: government audits or False Claims Act findings could trigger treble damages, penalties, contract termination, or debarment
- Financial risk: 8.25% convertible senior notes due 2033 may require cash payments upon conversion or repurchase
- Reporting risk: loss of smaller reporting company status begins for periods starting January 1, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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