10-K
Annual Report
BLACKSKY TECHNOLOGY INC.
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 13,056,000 | 32,815,000 |
Restricted cash | 1,322,000 | 619,000 |
Short-term investments | 39,406,000 | 19,697,000 |
Accounts Receivable | 14,701,000 | 7,071,000 |
Related Party | 0 | 0 |
Accounts Receivable - Government Contracts Concentration Risk | 11,200,000 | 6,000,000 |
Contract assets | 27,852,000 | 15,213,000 |
Inventories | 6,043,000 | 0 |
Prepaid Expense and Other Assets, Current | 4,356,000 | 3,916,000 |
Total current assets | 106,736,000 | 79,331,000 |
Property and equipment - net | 45,613,000 | 67,116,000 |
Operating lease right of use assets - net | 4,029,000 | 1,630,000 |
Goodwill | 10,260,000 | 9,393,000 |
Intangible assets - net | 5,446,000 | 1,357,000 |
Satellite work in process | 80,601,000 | 55,976,000 |
Other assets | 1,461,000 | 9,263,000 |
Total assets | 254,146,000 | 224,066,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 20,419,000 | 11,573,000 |
Related Party | 0 | 10,843,000 |
Contract liabilities - current | 2,183,000 | 3,670,000 |
Services Minus Contract Commissions | 2,160,000 | 3,670,000 |
Debt, Current | 1,927,000 | 0 |
Other current liabilities | 1,493,000 | 1,405,000 |
Related Party | 400,000 | 300,000 |
Total current liabilities | 26,022,000 | 27,491,000 |
Operating lease liabilities | 8,048,000 | 3,041,000 |
Derivative liabilities | 17,964,000 | 15,149,000 |
Sponsor Shares | 1,700,000 | 1,300,000 |
Long-term debt - net of current portion | 105,736,000 | 83,502,000 |
Other liabilities | 2,387,000 | 1,724,000 |
Total liabilities | 160,157,000 | 130,907,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 30,960 and 18,154 shares; outstanding, 30,663 shares and 17,855 shares as of December 31, 2024 and 2023, respectively. | 3,000 | 2,000 |
Additional paid-in capital | 750,174,000 | 692,127,000 |
Accumulated deficit | (656,188,000) | (598,970,000) |
Total stockholders’ equity | 93,989,000 | 93,159,000 |
Class A Common Stock | 3,000 | 2,000 |
Additional Paid-in Capital | 750,174,000 | 692,127,000 |
Accumulated Deficit | (656,188,000) | (598,970,000) |
Total liabilities and stockholders’ equity | 254,146,000 | 224,066,000 |
Common stock, shares issued (in shares) | 30,960,000 | 18,154,000 |