10-Q
Quarterly Report
BLACKSKY TECHNOLOGY INC
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 22,555,000 | 13,056,000 |
Restricted cash | 1,153,000 | 1,322,000 |
Short-term investments | 71,231,000 | 39,406,000 |
Accounts Receivable | 6,897,000 | 14,701,000 |
Accounts Receivable - Government Contracts Concentration Risk | 3,900,000 | 11,200,000 |
Related Party | — | 11,200,000 |
Contract assets | 33,208,000 | 27,852,000 |
Inventories | 0 | 6,043,000 |
Prepaid Expense and Other Assets, Current | 3,752,000 | 4,356,000 |
Total current assets | 138,796,000 | 106,736,000 |
Property and equipment - net | 76,776,000 | 45,613,000 |
Operating lease right of use assets - net | 3,723,000 | 4,029,000 |
Goodwill | 10,279,000 | 10,260,000 |
Intangible assets - net | 5,059,000 | 5,446,000 |
Satellite work in process | 65,607,000 | 80,601,000 |
Other assets | 10,558,000 | 1,461,000 |
Total assets | 310,798,000 | 254,146,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 12,265,000 | 20,419,000 |
Contract liabilities - current | 16,616,000 | 2,183,000 |
Services Minus Contract Commissions | 16,616,000 | 2,160,000 |
Debt, Current | 5,198,000 | 1,927,000 |
Other current liabilities | 3,321,000 | 1,493,000 |
Related Party | 1,300,000 | 400,000 |
Total current liabilities | 37,400,000 | 26,022,000 |
Operating lease liabilities | 7,796,000 | 8,048,000 |
Derivative liabilities | 40,498,000 | 17,964,000 |
Deferred revenue - long-term | 20,000,000 | 0 |
Long-term debt - net of current portion | 117,271,000 | 105,736,000 |
Other liabilities | 1,273,000 | 2,387,000 |
Total liabilities | 224,238,000 | 160,157,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 34,854 and 30,960 shares; outstanding, 34,557 shares and 30,663 shares as of June 30, 2025 and December 31, 2024, respectively. | 3,000 | 3,000 |
Additional paid-in capital | 796,797,000 | 750,174,000 |
Accumulated deficit | (710,240,000) | (656,188,000) |
Total stockholders’ equity | 86,560,000 | 93,989,000 |
Class A Common Stock | 3,000 | 3,000 |
Additional Paid-in Capital | 796,797,000 | 750,174,000 |
Accumulated Deficit | (710,240,000) | (656,188,000) |
Total liabilities and stockholders’ equity | 310,798,000 | 254,146,000 |
Common stock, shares issued (in shares) | 34,854,000 | 30,960,000 |
Common stock shares outstanding (in shares) | 34,557,000 | 30,663,000 |
Class A Common Stock | 34,557,000 | 30,663,000 |