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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Clearfield, Inc. (CLFD). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $34.3M, roughly 1.0× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -2.5%, a 0.7% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -3.2%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -3.5%).
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.
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
BKSY vs CLFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $34.3M |
| Net Profit | $-868.0K | $-614.0K |
| Gross Margin | — | 33.2% |
| Operating Margin | -11.8% | -5.3% |
| Net Margin | -2.5% | -1.8% |
| Revenue YoY | 15.9% | -3.2% |
| Net Profit YoY | 95.5% | 67.8% |
| EPS (diluted) | $0.04 | $-0.04 |
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 | $34.3M | ||
| Q3 25 | $19.6M | $23.4M | ||
| Q2 25 | $22.2M | $49.9M | ||
| Q1 25 | $29.5M | $47.2M | ||
| Q4 24 | $30.4M | $29.7M | ||
| Q3 24 | $22.5M | $5.6M | ||
| Q2 24 | $24.9M | $48.8M | ||
| Q1 24 | $24.2M | $36.9M |
| Q4 25 | $-868.0K | $-614.0K | ||
| Q3 25 | $-15.3M | $-9.1M | ||
| Q2 25 | $-41.2M | $1.6M | ||
| Q1 25 | $-12.8M | $1.3M | ||
| Q4 24 | $-19.4M | $-1.9M | ||
| Q3 24 | $-12.6M | — | ||
| Q2 24 | $-9.4M | $-447.0K | ||
| Q1 24 | $-15.8M | $-5.9M |
| Q4 25 | — | 33.2% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | -11.8% | -5.3% | ||
| Q3 25 | -85.8% | 10.3% | ||
| Q2 25 | -62.8% | 3.0% | ||
| Q1 25 | -40.5% | 0.6% | ||
| Q4 24 | -20.0% | -6.9% | ||
| Q3 24 | -58.7% | — | ||
| Q2 24 | -47.0% | -4.7% | ||
| Q1 24 | -54.7% | -26.4% |
| Q4 25 | -2.5% | -1.8% | ||
| Q3 25 | -78.2% | -38.8% | ||
| Q2 25 | -185.8% | 3.2% | ||
| Q1 25 | -43.4% | 2.8% | ||
| Q4 24 | -63.9% | -6.4% | ||
| Q3 24 | -55.8% | — | ||
| Q2 24 | -37.7% | -0.9% | ||
| Q1 24 | -65.2% | -16.0% |
| Q4 25 | $0.04 | $-0.04 | ||
| Q3 25 | $-0.44 | $-0.65 | ||
| Q2 25 | $-1.27 | $0.11 | ||
| Q1 25 | $-0.42 | $0.09 | ||
| Q4 24 | $-0.61 | $-0.13 | ||
| Q3 24 | $-0.66 | — | ||
| Q2 24 | $-0.52 | $-0.04 | ||
| Q1 24 | $-0.88 | $-0.40 |
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 | $96.4M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $249.7M |
| Total Assets | $386.2M | $268.1M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $96.4M | ||
| Q3 25 | $146.5M | $106.0M | ||
| Q2 25 | $93.8M | $117.2M | ||
| Q1 25 | $75.8M | $112.0M | ||
| Q4 24 | $52.5M | $113.0M | ||
| Q3 24 | $63.2M | $129.0M | ||
| Q2 24 | $41.2M | $123.8M | ||
| Q1 24 | $35.4M | $142.9M |
| Q4 25 | $201.1M | — | ||
| Q3 25 | $195.1M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $107.7M | — | ||
| Q3 24 | $98.8M | $2.2M | ||
| Q2 24 | $108.6M | $2.1M | ||
| Q1 24 | $85.0M | — |
| Q4 25 | $94.9M | $249.7M | ||
| Q3 25 | $91.1M | $256.2M | ||
| Q2 25 | $86.6M | $264.5M | ||
| Q1 25 | $88.8M | $265.9M | ||
| Q4 24 | $94.0M | $267.4M | ||
| Q3 24 | $110.3M | $275.8M | ||
| Q2 24 | $76.5M | $274.6M | ||
| Q1 24 | $81.7M | $279.2M |
| Q4 25 | $386.2M | $268.1M | ||
| Q3 25 | $380.9M | $306.2M | ||
| Q2 25 | $310.8M | $314.7M | ||
| Q1 25 | $284.9M | $310.9M | ||
| Q4 24 | $254.1M | $303.2M | ||
| Q3 24 | $245.5M | $315.3M | ||
| Q2 24 | $224.3M | $318.1M | ||
| Q1 24 | $210.1M | $315.4M |
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 0.90× | 0.01× | ||
| Q2 24 | 1.42× | 0.01× | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-2.4M |
| FCF MarginFCF / Revenue | — | -7.1% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $-1.4M | ||
| Q3 25 | $-39.0M | — | ||
| Q2 25 | $-7.3M | $7.9M | ||
| Q1 25 | $27.2M | $3.0M | ||
| Q4 24 | $-1.8M | $7.2M | ||
| Q3 24 | $1.0M | $22.2M | ||
| Q2 24 | $-1.8M | $4.0M | ||
| Q1 24 | $-3.8M | $-5.7M |
| Q4 25 | — | $-2.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $7.5M | ||
| Q1 25 | — | $654.0K | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $18.2M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $-7.7M |
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 323.0% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -20.8% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.93× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
