BlackSky Technology Inc (NYSE:BKSY)

Q3 2025 Blacksky Technology Inc Earnings Call Transcript

Nov 6, 2025 / 01:30 PM GMT

Release Date Price: $16.63 (-11.45%)

Transcript 10-Q8-K

Key Points

Positve

BlackSky Technology Inc (BKSY) reported strong momentum in its business, driven by the success of its Gen 3 satellites, which are delivering best-in-class imagery and analytics.
The company secured over $60 million in new contracts, primarily with international customers, demonstrating diversification in its customer base and revenue mix.
BlackSky Technology Inc (BKSY) increased its cash balance by more than 50% from the previous year, bringing total liquidity to over $200 million, which supports its path toward free cash flow operations.
The company is experiencing significant international demand, with international revenues now representing about 50% of total revenues, driven by new contracts and expanded service agreements.
BlackSky Technology Inc (BKSY) is making progress on its Gen 3 constellation, with the latest satellite at the launch site and plans to have a fully operational constellation by next year.

Negative

Revenue for the first nine months of 2025 was negatively impacted by approximately $4 million due to reductions in the EOCL contract.
Cash operating expenses increased to $56.6 million for the first nine months of 2025, driven by overhead expenses from the integration of Leola.
Adjusted EBITDA for the first nine months of 2025 showed a loss of $7.9 million, compared to a positive adjusted EBITDA of $4.3 million in the prior year period.
The company experienced delays in the deployment of its next Gen 3 satellite due to a faulty component found during final testing.
There is uncertainty regarding the US government budget, which has impacted the EOCL program, although there is congressional support to restore funding.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BKSY.N - Blacksky Technology Inc
Q3 2025 Blacksky Technology Inc Earnings Call
Nov 06, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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To be in Hollywood.

Good morning ladies and gentlemen, and welcome to Black Sky Technologies 3rd quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. To ask a question, you may press star, then 1 on your touchtone phone. To withdraw your question, please press 1 again.

Please note this conference call is being recorded.

I would now like to turn the call over to Ali Bonia, Black Sky's Vice President of investor relations. Please go ahead, Ali.

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Unidentified_2 [2]
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