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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Cambium Networks Corp (CMBM). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $35.2M, roughly 1.1× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -17.9%, a 15.5% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -23.2%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -27.2%).
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.
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
BKSY vs CMBM — Head-to-Head
Income Statement — Q4 2025 vs Q4 2024
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $40.3M |
| Net Profit | $-868.0K | $-7.2M |
| Gross Margin | — | 36.6% |
| Operating Margin | -11.8% | -28.4% |
| Net Margin | -2.5% | -17.9% |
| Revenue YoY | 15.9% | -23.2% |
| Net Profit YoY | 95.5% | 71.0% |
| EPS (diluted) | $0.04 | $-0.26 |
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 | — | ||
| Q3 25 | $19.6M | — | ||
| Q2 25 | $22.2M | — | ||
| Q1 25 | $29.5M | — | ||
| Q4 24 | $30.4M | $40.3M | ||
| Q3 24 | $22.5M | $44.7M | ||
| Q2 24 | $24.9M | $45.2M | ||
| Q1 24 | $24.2M | $47.1M |
| Q4 25 | $-868.0K | — | ||
| Q3 25 | $-15.3M | — | ||
| Q2 25 | $-41.2M | — | ||
| Q1 25 | $-12.8M | — | ||
| Q4 24 | $-19.4M | $-7.2M | ||
| Q3 24 | $-12.6M | $-34.5M | ||
| Q2 24 | $-9.4M | $-14.2M | ||
| Q1 24 | $-15.8M | $-18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 32.5% | ||
| Q1 24 | — | 29.8% |
| Q4 25 | -11.8% | — | ||
| Q3 25 | -85.8% | — | ||
| Q2 25 | -62.8% | — | ||
| Q1 25 | -40.5% | — | ||
| Q4 24 | -20.0% | -28.4% | ||
| Q3 24 | -58.7% | -69.6% | ||
| Q2 24 | -47.0% | -27.2% | ||
| Q1 24 | -54.7% | -33.1% |
| Q4 25 | -2.5% | — | ||
| Q3 25 | -78.2% | — | ||
| Q2 25 | -185.8% | — | ||
| Q1 25 | -43.4% | — | ||
| Q4 24 | -63.9% | -17.9% | ||
| Q3 24 | -55.8% | -77.3% | ||
| Q2 24 | -37.7% | -31.5% | ||
| Q1 24 | -65.2% | -39.2% |
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.44 | — | ||
| Q2 25 | $-1.27 | — | ||
| Q1 25 | $-0.42 | — | ||
| Q4 24 | $-0.61 | $-0.26 | ||
| Q3 24 | $-0.66 | $-1.22 | ||
| Q2 24 | $-0.52 | $-0.51 | ||
| Q1 24 | $-0.88 | $-0.66 |
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 | — |
| Total DebtLower is stronger | $201.1M | $67.6M |
| Stockholders' EquityBook value | $94.9M | $-3.2M |
| Total Assets | $386.2M | $173.7M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | — | ||
| Q3 25 | $146.5M | — | ||
| Q2 25 | $93.8M | — | ||
| Q1 25 | $75.8M | — | ||
| Q4 24 | $52.5M | — | ||
| Q3 24 | $63.2M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $35.4M | — |
| Q4 25 | $201.1M | — | ||
| Q3 25 | $195.1M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $107.7M | $67.6M | ||
| Q3 24 | $98.8M | $67.6M | ||
| Q2 24 | $108.6M | $68.9M | ||
| Q1 24 | $85.0M | $63.8M |
| Q4 25 | $94.9M | — | ||
| Q3 25 | $91.1M | — | ||
| Q2 25 | $86.6M | — | ||
| Q1 25 | $88.8M | — | ||
| Q4 24 | $94.0M | $-3.2M | ||
| Q3 24 | $110.3M | $1.9M | ||
| Q2 24 | $76.5M | $34.1M | ||
| Q1 24 | $81.7M | $45.0M |
| Q4 25 | $386.2M | — | ||
| Q3 25 | $380.9M | — | ||
| Q2 25 | $310.8M | — | ||
| Q1 25 | $284.9M | — | ||
| Q4 24 | $254.1M | $173.7M | ||
| Q3 24 | $245.5M | $194.3M | ||
| Q2 24 | $224.3M | $221.1M | ||
| Q1 24 | $210.1M | $219.8M |
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 0.90× | 36.12× | ||
| Q2 24 | 1.42× | 2.02× | ||
| Q1 24 | 1.04× | 1.42× |
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 | $-10.4M |
| Free Cash FlowOCF − Capex | — | $-10.8M |
| FCF MarginFCF / Revenue | — | -26.8% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | — | ||
| Q3 25 | $-39.0M | — | ||
| Q2 25 | $-7.3M | — | ||
| Q1 25 | $27.2M | — | ||
| Q4 24 | $-1.8M | $-10.4M | ||
| Q3 24 | $1.0M | $8.9M | ||
| Q2 24 | $-1.8M | $2.4M | ||
| Q1 24 | $-3.8M | $-15.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-10.8M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $87.0K | ||
| Q1 24 | — | $-17.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | -37.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 3.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
