10-Q
Quarterly Report
BLACKSKY TECHNOLOGY INC
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 20,748,000 | 13,056,000 |
Restricted cash | 1,153,000 | 1,322,000 |
Short-term investments | 55,076,000 | 39,406,000 |
Accounts Receivable | 7,926,000 | 14,701,000 |
Accounts Receivable - Government Contracts Concentration Risk | 3,600,000 | 11,200,000 |
Contract assets | 32,431,000 | 27,852,000 |
Inventories | 0 | 6,043,000 |
Prepaid Expense and Other Assets, Current | 4,005,000 | 4,356,000 |
Total current assets | 121,339,000 | 106,736,000 |
Property and equipment - net | 60,617,000 | 45,613,000 |
Operating lease right of use assets - net | 3,873,000 | 4,029,000 |
Goodwill | 10,303,000 | 10,260,000 |
Intangible assets - net | 5,238,000 | 5,446,000 |
Satellite work in process | 75,576,000 | 80,601,000 |
Other assets | 7,919,000 | 1,461,000 |
Total assets | 284,865,000 | 254,146,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 13,042,000 | 20,419,000 |
Contract liabilities - current | 12,573,000 | 2,183,000 |
Services Minus Contract Commissions | 12,573,000 | 2,160,000 |
Debt, Current | 3,750,000 | 1,927,000 |
Other current liabilities | 2,639,000 | 1,493,000 |
Related Party | 1,000,000 | 400,000 |
Total current liabilities | 32,004,000 | 26,022,000 |
Operating lease liabilities | 7,877,000 | 8,048,000 |
Derivative liabilities | 16,063,000 | 17,964,000 |
Deferred revenue - long-term | 24,000,000 | 0 |
Long-term debt - net of current portion | 111,598,000 | 105,736,000 |
Other liabilities | 4,474,000 | 2,387,000 |
Total liabilities | 196,016,000 | 160,157,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 31,653 and 30,960 shares; outstanding, 31,356 shares and 30,663 shares as of March 31, 2025 and December 31, 2024, respectively. | 3,000 | 3,000 |
Additional paid-in capital | 757,847,000 | 750,174,000 |
Accumulated deficit | (669,001,000) | (656,188,000) |
Total stockholders’ equity | 88,849,000 | 93,989,000 |
Class A Common Stock | 3,000 | 3,000 |
Additional Paid-in Capital | 757,847,000 | 750,174,000 |
Accumulated Deficit | (669,001,000) | (656,188,000) |
Total liabilities and stockholders’ equity | 284,865,000 | 254,146,000 |
Common stock, shares issued (in shares) | 31,653,000 | 30,960,000 |
Common stock shares outstanding (in shares) | 31,356,000 | 30,663,000 |
Class A Common Stock | 31,356,000 | 30,663,000 |