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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Ceribell, Inc. (CBLL). Click either name above to swap in a different company.

BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $24.8M, roughly 1.4× Ceribell, Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -54.6%, a 52.1% gap on every dollar of revenue.

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.

Ceribell, Inc. develops and commercializes innovative portable neurodiagnostic medical devices, focused on rapid non-invasive electroencephalogram (EEG) solutions for seizure detection. Its core products serve hospital emergency departments, intensive care units, and long-term care facilities, with primary markets across North America and ongoing global expansion efforts.

BKSY vs CBLL — Head-to-Head

Bigger by revenue
BKSY
BKSY
1.4× larger
BKSY
$35.2M
$24.8M
CBLL
Higher net margin
BKSY
BKSY
52.1% more per $
BKSY
-2.5%
-54.6%
CBLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKSY
BKSY
CBLL
CBLL
Revenue
$35.2M
$24.8M
Net Profit
$-868.0K
$-13.5M
Gross Margin
87.3%
Operating Margin
-11.8%
-58.9%
Net Margin
-2.5%
-54.6%
Revenue YoY
15.9%
Net Profit YoY
95.5%
EPS (diluted)
$0.04
$-0.35

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.

Revenue
BKSY
BKSY
CBLL
CBLL
Q4 25
$35.2M
$24.8M
Q3 25
$19.6M
$22.6M
Q2 25
$22.2M
$21.2M
Q1 25
$29.5M
$20.5M
Q4 24
$30.4M
Q3 24
$22.5M
$17.2M
Q2 24
$24.9M
Q1 24
$24.2M
Net Profit
BKSY
BKSY
CBLL
CBLL
Q4 25
$-868.0K
$-13.5M
Q3 25
$-15.3M
$-13.5M
Q2 25
$-41.2M
$-13.6M
Q1 25
$-12.8M
$-12.8M
Q4 24
$-19.4M
Q3 24
$-12.6M
$-10.4M
Q2 24
$-9.4M
Q1 24
$-15.8M
Gross Margin
BKSY
BKSY
CBLL
CBLL
Q4 25
87.3%
Q3 25
88.3%
Q2 25
88.1%
Q1 25
87.9%
Q4 24
Q3 24
87.3%
Q2 24
Q1 24
Operating Margin
BKSY
BKSY
CBLL
CBLL
Q4 25
-11.8%
-58.9%
Q3 25
-85.8%
-64.8%
Q2 25
-62.8%
-70.5%
Q1 25
-40.5%
-69.3%
Q4 24
-20.0%
Q3 24
-58.7%
-57.8%
Q2 24
-47.0%
Q1 24
-54.7%
Net Margin
BKSY
BKSY
CBLL
CBLL
Q4 25
-2.5%
-54.6%
Q3 25
-78.2%
-59.6%
Q2 25
-185.8%
-64.4%
Q1 25
-43.4%
-62.4%
Q4 24
-63.9%
Q3 24
-55.8%
-60.6%
Q2 24
-37.7%
Q1 24
-65.2%
EPS (diluted)
BKSY
BKSY
CBLL
CBLL
Q4 25
$0.04
$-0.35
Q3 25
$-0.44
$-0.37
Q2 25
$-1.27
$-0.38
Q1 25
$-0.42
$-0.36
Q4 24
$-0.61
Q3 24
$-0.66
$-1.85
Q2 24
$-0.52
Q1 24
$-0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKSY
BKSY
CBLL
CBLL
Cash + ST InvestmentsLiquidity on hand
$124.5M
$159.3M
Total DebtLower is stronger
$201.1M
Stockholders' EquityBook value
$94.9M
$155.3M
Total Assets
$386.2M
$195.8M
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
CBLL
CBLL
Q4 25
$124.5M
$159.3M
Q3 25
$146.5M
$168.5M
Q2 25
$93.8M
$177.4M
Q1 25
$75.8M
$182.7M
Q4 24
$52.5M
Q3 24
$63.2M
$14.1M
Q2 24
$41.2M
Q1 24
$35.4M
Total Debt
BKSY
BKSY
CBLL
CBLL
Q4 25
$201.1M
Q3 25
$195.1M
Q2 25
$122.5M
Q1 25
$115.3M
Q4 24
$107.7M
Q3 24
$98.8M
Q2 24
$108.6M
Q1 24
$85.0M
Stockholders' Equity
BKSY
BKSY
CBLL
CBLL
Q4 25
$94.9M
$155.3M
Q3 25
$91.1M
$164.1M
Q2 25
$86.6M
$172.2M
Q1 25
$88.8M
$180.9M
Q4 24
$94.0M
Q3 24
$110.3M
$-136.0M
Q2 24
$76.5M
Q1 24
$81.7M
Total Assets
BKSY
BKSY
CBLL
CBLL
Q4 25
$386.2M
$195.8M
Q3 25
$380.9M
$199.5M
Q2 25
$310.8M
$207.7M
Q1 25
$284.9M
$213.5M
Q4 24
$254.1M
Q3 24
$245.5M
$47.1M
Q2 24
$224.3M
Q1 24
$210.1M
Debt / Equity
BKSY
BKSY
CBLL
CBLL
Q4 25
2.12×
Q3 25
2.14×
Q2 25
1.41×
Q1 25
1.30×
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
BKSY
BKSY
CBLL
CBLL
Operating Cash FlowLast quarter
$-9.3M
$-10.8M
Free Cash FlowOCF − Capex
$-11.0M
FCF MarginFCF / Revenue
-44.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-41.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
CBLL
CBLL
Q4 25
$-9.3M
$-10.8M
Q3 25
$-39.0M
$-11.1M
Q2 25
$-7.3M
$-7.5M
Q1 25
$27.2M
$-11.4M
Q4 24
$-1.8M
Q3 24
$1.0M
Q2 24
$-1.8M
Q1 24
$-3.8M
Free Cash Flow
BKSY
BKSY
CBLL
CBLL
Q4 25
$-11.0M
Q3 25
$-11.5M
Q2 25
$-7.6M
Q1 25
$-11.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BKSY
BKSY
CBLL
CBLL
Q4 25
-44.2%
Q3 25
-50.8%
Q2 25
-35.9%
Q1 25
-56.4%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BKSY
BKSY
CBLL
CBLL
Q4 25
0.7%
Q3 25
1.6%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BKSY
BKSY

Segment breakdown not available.

CBLL
CBLL

Products$18.8M76%
Subscription$6.0M24%

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