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

Day One Biopharmaceuticals, Inc. is the larger business by last-quarter revenue ($39.8M vs $35.2M, roughly 1.1× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -49.6%, a 47.1% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -57.6%).

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.

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

BKSY vs DAWN — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.1× larger
DAWN
$39.8M
$35.2M
BKSY
Growing faster (revenue YoY)
BKSY
BKSY
+73.5% gap
BKSY
15.9%
-57.6%
DAWN
Higher net margin
BKSY
BKSY
47.1% more per $
BKSY
-2.5%
-49.6%
DAWN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BKSY
BKSY
DAWN
DAWN
Revenue
$35.2M
$39.8M
Net Profit
$-868.0K
$-19.7M
Gross Margin
Operating Margin
-11.8%
-60.9%
Net Margin
-2.5%
-49.6%
Revenue YoY
15.9%
-57.6%
Net Profit YoY
95.5%
-153.3%
EPS (diluted)
$0.04
$-0.19

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
DAWN
DAWN
Q4 25
$35.2M
Q3 25
$19.6M
$39.8M
Q2 25
$22.2M
$33.9M
Q1 25
$29.5M
$30.8M
Q4 24
$30.4M
Q3 24
$22.5M
$93.8M
Q2 24
$24.9M
Q1 24
$24.2M
$0
Net Profit
BKSY
BKSY
DAWN
DAWN
Q4 25
$-868.0K
Q3 25
$-15.3M
$-19.7M
Q2 25
$-41.2M
$-30.3M
Q1 25
$-12.8M
$-36.0M
Q4 24
$-19.4M
Q3 24
$-12.6M
$37.0M
Q2 24
$-9.4M
Q1 24
$-15.8M
$-62.4M
Operating Margin
BKSY
BKSY
DAWN
DAWN
Q4 25
-11.8%
Q3 25
-85.8%
-60.9%
Q2 25
-62.8%
-103.1%
Q1 25
-40.5%
-133.5%
Q4 24
-20.0%
Q3 24
-58.7%
31.6%
Q2 24
-47.0%
Q1 24
-54.7%
Net Margin
BKSY
BKSY
DAWN
DAWN
Q4 25
-2.5%
Q3 25
-78.2%
-49.6%
Q2 25
-185.8%
-89.4%
Q1 25
-43.4%
-117.0%
Q4 24
-63.9%
Q3 24
-55.8%
39.5%
Q2 24
-37.7%
Q1 24
-65.2%
EPS (diluted)
BKSY
BKSY
DAWN
DAWN
Q4 25
$0.04
Q3 25
$-0.44
$-0.19
Q2 25
$-1.27
$-0.29
Q1 25
$-0.42
$-0.35
Q4 24
$-0.61
Q3 24
$-0.66
$0.38
Q2 24
$-0.52
Q1 24
$-0.88
$-0.72

Balance Sheet & Financial Strength

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

Metric
BKSY
BKSY
DAWN
DAWN
Cash + ST InvestmentsLiquidity on hand
$124.5M
$451.6M
Total DebtLower is stronger
$201.1M
Stockholders' EquityBook value
$94.9M
$450.9M
Total Assets
$386.2M
$513.8M
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
DAWN
DAWN
Q4 25
$124.5M
Q3 25
$146.5M
$451.6M
Q2 25
$93.8M
$453.1M
Q1 25
$75.8M
$473.0M
Q4 24
$52.5M
Q3 24
$63.2M
$558.4M
Q2 24
$41.2M
Q1 24
$35.4M
$317.9M
Total Debt
BKSY
BKSY
DAWN
DAWN
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
DAWN
DAWN
Q4 25
$94.9M
Q3 25
$91.1M
$450.9M
Q2 25
$86.6M
$460.8M
Q1 25
$88.8M
$479.5M
Q4 24
$94.0M
Q3 24
$110.3M
$555.5M
Q2 24
$76.5M
Q1 24
$81.7M
$296.8M
Total Assets
BKSY
BKSY
DAWN
DAWN
Q4 25
$386.2M
Q3 25
$380.9M
$513.8M
Q2 25
$310.8M
$519.0M
Q1 25
$284.9M
$534.4M
Q4 24
$254.1M
Q3 24
$245.5M
$600.8M
Q2 24
$224.3M
Q1 24
$210.1M
$326.6M
Debt / Equity
BKSY
BKSY
DAWN
DAWN
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
DAWN
DAWN
Operating Cash FlowLast quarter
$-9.3M
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
DAWN
DAWN
Q4 25
$-9.3M
Q3 25
$-39.0M
$-5.8M
Q2 25
$-7.3M
$-24.8M
Q1 25
$27.2M
$-59.0M
Q4 24
$-1.8M
Q3 24
$1.0M
$50.8M
Q2 24
$-1.8M
Q1 24
$-3.8M
$-49.7M
Free Cash Flow
BKSY
BKSY
DAWN
DAWN
Q4 25
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q4 24
Q3 24
$50.0M
Q2 24
Q1 24
FCF Margin
BKSY
BKSY
DAWN
DAWN
Q4 25
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q4 24
Q3 24
53.4%
Q2 24
Q1 24
Capex Intensity
BKSY
BKSY
DAWN
DAWN
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.8%
Q2 24
Q1 24
Cash Conversion
BKSY
BKSY
DAWN
DAWN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.37×
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.

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

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