10-K
Annual Report
BLACKSKY TECHNOLOGY INC.
BKSY.W
NYSE
CIK: 1753539
File #: 001-39113
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 42,445,000 | 13,056,000 |
Restricted cash | 1,103,000 | 1,322,000 |
Short-term investments | 82,006,000 | 39,406,000 |
Accounts Receivable | 34,139,000 | 14,701,000 |
Related Party | 9,600,000 | — |
Contract assets | 28,595,000 | 27,852,000 |
Related Party | 3,900,000 | 11,200,000 |
Inventories | 6,178,000 | 6,043,000 |
Prepaid Expense and Other Assets, Current | 12,329,000 | 4,356,000 |
Total current assets | 206,795,000 | 106,736,000 |
Property and equipment - net | 79,037,000 | 45,613,000 |
Operating lease right of use assets - net | 3,418,000 | 4,029,000 |
Goodwill | 10,279,000 | 10,260,000 |
Intangible assets - net | 4,422,000 | 5,446,000 |
Satellite work in process | 80,651,000 | 80,601,000 |
Other assets | 1,644,000 | 1,461,000 |
Total assets | 386,246,000 | 254,146,000 |
Liabilities and stockholders’ equity | ||
Current liabilities: | ||
Accounts payable and accrued liabilities | 14,945,000 | 20,419,000 |
Contract liabilities - current | 20,518,000 | 2,183,000 |
Services Minus Contract Commissions | 20,518,000 | 2,160,000 |
Debt, Current | 7,937,000 | 1,927,000 |
Other current liabilities | 16,061,000 | 1,493,000 |
Total current liabilities | 59,461,000 | 26,022,000 |
Operating lease liabilities | 7,579,000 | 8,048,000 |
Derivative liabilities | 20,648,000 | 17,964,000 |
Sponsor Shares | 2,800,000 | 1,700,000 |
Deferred revenue - long-term | 9,948,000 | 0 |
Long-term debt - net of current portion | 193,180,000 | 105,736,000 |
Other liabilities | 555,000 | 2,387,000 |
Total liabilities | 291,371,000 | 160,157,000 |
Stockholders’ equity: | ||
Class A common stock, $0.0001 par value-authorized, 300,000 shares; issued, 36,227 and 30,960 shares; outstanding, 35,930 shares and 30,663 shares as of December 31, 2025 and 2024, respectively. | 4,000 | 3,000 |
Additional paid-in capital | 821,319,000 | 750,174,000 |
Accumulated deficit | (726,448,000) | (656,188,000) |
Total stockholders’ equity | 94,875,000 | 93,989,000 |
Class A Common Stock | 4,000 | 3,000 |
Additional Paid-in Capital | 821,319,000 | 750,174,000 |
Accumulated Deficit | (726,448,000) | (656,188,000) |
Total liabilities and stockholders’ equity | 386,246,000 | 254,146,000 |