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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.
CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $35.2M, roughly 1.7× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -12.5%, a 10.1% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 15.9%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -0.0%).
BlackSky Technology Inc. is a leading geospatial intelligence provider operating a constellation of high-revisit small Earth observation satellites. It delivers real-time satellite imagery, advanced data analytics, and dynamic monitoring solutions to government, defense, critical infrastructure, and commercial clients globally to support data-driven operational decision-making.
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
BKSY vs CBAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $58.8M |
| Net Profit | $-868.0K | $-7.4M |
| Gross Margin | — | 7.3% |
| Operating Margin | -11.8% | -13.6% |
| Net Margin | -2.5% | -12.5% |
| Revenue YoY | 15.9% | 131.8% |
| Net Profit YoY | 95.5% | -63.6% |
| EPS (diluted) | $0.04 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $35.2M | $58.8M | ||
| Q3 25 | $19.6M | $60.9M | ||
| Q2 25 | $22.2M | $40.5M | ||
| Q1 25 | $29.5M | $34.9M | ||
| Q4 24 | $30.4M | $25.4M | ||
| Q3 24 | $22.5M | $44.6M | ||
| Q2 24 | $24.9M | $47.8M | ||
| Q1 24 | $24.2M | $58.8M |
| Q4 25 | $-868.0K | $-7.4M | ||
| Q3 25 | $-15.3M | $2.7M | ||
| Q2 25 | $-41.2M | $-3.1M | ||
| Q1 25 | $-12.8M | $-1.6M | ||
| Q4 24 | $-19.4M | $-4.5M | ||
| Q3 24 | $-12.6M | $17.6K | ||
| Q2 24 | $-9.4M | $6.4M | ||
| Q1 24 | $-15.8M | $9.8M |
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 26.6% | ||
| Q1 24 | — | 31.9% |
| Q4 25 | -11.8% | -13.6% | ||
| Q3 25 | -85.8% | -6.6% | ||
| Q2 25 | -62.8% | -8.7% | ||
| Q1 25 | -40.5% | -8.2% | ||
| Q4 24 | -20.0% | -26.0% | ||
| Q3 24 | -58.7% | -1.9% | ||
| Q2 24 | -47.0% | 12.4% | ||
| Q1 24 | -54.7% | 17.4% |
| Q4 25 | -2.5% | -12.5% | ||
| Q3 25 | -78.2% | 4.4% | ||
| Q2 25 | -185.8% | -7.6% | ||
| Q1 25 | -43.4% | -4.5% | ||
| Q4 24 | -63.9% | -17.8% | ||
| Q3 24 | -55.8% | 0.0% | ||
| Q2 24 | -37.7% | 13.5% | ||
| Q1 24 | -65.2% | 16.7% |
| Q4 25 | $0.04 | $-0.08 | ||
| Q3 25 | $-0.44 | $0.03 | ||
| Q2 25 | $-1.27 | $-0.03 | ||
| Q1 25 | $-0.42 | $-0.02 | ||
| Q4 24 | $-0.61 | $-0.05 | ||
| Q3 24 | $-0.66 | $0.00 | ||
| Q2 24 | $-0.52 | $0.07 | ||
| Q1 24 | $-0.88 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $124.5M | $8.3M |
| Total DebtLower is stronger | $201.1M | $4.1M |
| Stockholders' EquityBook value | $94.9M | $112.7M |
| Total Assets | $386.2M | $426.2M |
| Debt / EquityLower = less leverage | 2.12× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $8.3M | ||
| Q3 25 | $146.5M | $10.5M | ||
| Q2 25 | $93.8M | $45.7M | ||
| Q1 25 | $75.8M | $9.6M | ||
| Q4 24 | $52.5M | $11.0M | ||
| Q3 24 | $63.2M | $24.2M | ||
| Q2 24 | $41.2M | $44.1M | ||
| Q1 24 | $35.4M | $23.8M |
| Q4 25 | $201.1M | $4.1M | ||
| Q3 25 | $195.1M | $4.8M | ||
| Q2 25 | $122.5M | $4.9M | ||
| Q1 25 | $115.3M | $4.1M | ||
| Q4 24 | $107.7M | — | ||
| Q3 24 | $98.8M | — | ||
| Q2 24 | $108.6M | — | ||
| Q1 24 | $85.0M | — |
| Q4 25 | $94.9M | $112.7M | ||
| Q3 25 | $91.1M | $121.4M | ||
| Q2 25 | $86.6M | $118.2M | ||
| Q1 25 | $88.8M | $120.8M | ||
| Q4 24 | $94.0M | $121.7M | ||
| Q3 24 | $110.3M | $131.2M | ||
| Q2 24 | $76.5M | $126.6M | ||
| Q1 24 | $81.7M | $120.9M |
| Q4 25 | $386.2M | $426.2M | ||
| Q3 25 | $380.9M | $363.9M | ||
| Q2 25 | $310.8M | $333.1M | ||
| Q1 25 | $284.9M | $311.5M | ||
| Q4 24 | $254.1M | $302.2M | ||
| Q3 24 | $245.5M | $293.5M | ||
| Q2 24 | $224.3M | $279.6M | ||
| Q1 24 | $210.1M | $286.5M |
| Q4 25 | 2.12× | 0.04× | ||
| Q3 25 | 2.14× | 0.04× | ||
| Q2 25 | 1.41× | 0.04× | ||
| Q1 25 | 1.30× | 0.03× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 0.90× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.3M | $29.8M |
| Free Cash FlowOCF − Capex | — | $16.1M |
| FCF MarginFCF / Revenue | — | 27.3% |
| Capex IntensityCapex / Revenue | — | 23.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $29.8M | ||
| Q3 25 | $-39.0M | $14.6M | ||
| Q2 25 | $-7.3M | $13.8M | ||
| Q1 25 | $27.2M | $-9.6M | ||
| Q4 24 | $-1.8M | $9.6M | ||
| Q3 24 | $1.0M | $19.7M | ||
| Q2 24 | $-1.8M | $2.9M | ||
| Q1 24 | $-3.8M | $7.4M |
| Q4 25 | — | $16.1M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | — | $-22.3M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $16.5M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $-454.0K |
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -63.9% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 37.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | 36.3% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 13.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
