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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Energy Recovery, Inc. (ERII). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $35.2M, roughly 1.9× BlackSky Technology Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -2.5%, a 42.7% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -0.3%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs 8.1%).
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.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
BKSY vs ERII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $66.9M |
| Net Profit | $-868.0K | $26.9M |
| Gross Margin | — | 67.2% |
| Operating Margin | -11.8% | 46.8% |
| Net Margin | -2.5% | 40.2% |
| Revenue YoY | 15.9% | -0.3% |
| Net Profit YoY | 95.5% | 14.7% |
| EPS (diluted) | $0.04 | $0.49 |
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 | $66.9M | ||
| Q3 25 | $19.6M | $32.0M | ||
| Q2 25 | $22.2M | $28.1M | ||
| Q1 25 | $29.5M | — | ||
| Q4 24 | $30.4M | $67.1M | ||
| Q3 24 | $22.5M | $38.6M | ||
| Q2 24 | $24.9M | $27.2M | ||
| Q1 24 | $24.2M | $12.1M |
| Q4 25 | $-868.0K | $26.9M | ||
| Q3 25 | $-15.3M | $3.9M | ||
| Q2 25 | $-41.2M | $2.1M | ||
| Q1 25 | $-12.8M | — | ||
| Q4 24 | $-19.4M | $23.5M | ||
| Q3 24 | $-12.6M | $8.5M | ||
| Q2 24 | $-9.4M | $-642.0K | ||
| Q1 24 | $-15.8M | $-8.3M |
| Q4 25 | — | 67.2% | ||
| Q3 25 | — | 64.2% | ||
| Q2 25 | — | 64.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 70.2% | ||
| Q3 24 | — | 65.1% | ||
| Q2 24 | — | 64.6% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | -11.8% | 46.8% | ||
| Q3 25 | -85.8% | 11.4% | ||
| Q2 25 | -62.8% | 5.3% | ||
| Q1 25 | -40.5% | — | ||
| Q4 24 | -20.0% | 38.2% | ||
| Q3 24 | -58.7% | 18.3% | ||
| Q2 24 | -47.0% | -7.4% | ||
| Q1 24 | -54.7% | -90.4% |
| Q4 25 | -2.5% | 40.2% | ||
| Q3 25 | -78.2% | 12.1% | ||
| Q2 25 | -185.8% | 7.3% | ||
| Q1 25 | -43.4% | — | ||
| Q4 24 | -63.9% | 35.0% | ||
| Q3 24 | -55.8% | 22.0% | ||
| Q2 24 | -37.7% | -2.4% | ||
| Q1 24 | -65.2% | -68.3% |
| Q4 25 | $0.04 | $0.49 | ||
| Q3 25 | $-0.44 | $0.07 | ||
| Q2 25 | $-1.27 | $0.04 | ||
| Q1 25 | $-0.42 | — | ||
| Q4 24 | $-0.61 | $0.40 | ||
| Q3 24 | $-0.66 | $0.15 | ||
| Q2 24 | $-0.52 | $-0.01 | ||
| Q1 24 | $-0.88 | $-0.14 |
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 | $75.2M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $206.2M |
| Total Assets | $386.2M | $231.5M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $75.2M | ||
| Q3 25 | $146.5M | $70.4M | ||
| Q2 25 | $93.8M | $79.5M | ||
| Q1 25 | $75.8M | — | ||
| Q4 24 | $52.5M | $78.0M | ||
| Q3 24 | $63.2M | $118.6M | ||
| Q2 24 | $41.2M | $101.0M | ||
| Q1 24 | $35.4M | $117.4M |
| 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 | — |
| Q4 25 | $94.9M | $206.2M | ||
| Q3 25 | $91.1M | $180.8M | ||
| Q2 25 | $86.6M | $185.2M | ||
| Q1 25 | $88.8M | — | ||
| Q4 24 | $94.0M | $210.0M | ||
| Q3 24 | $110.3M | $233.9M | ||
| Q2 24 | $76.5M | $218.5M | ||
| Q1 24 | $81.7M | $216.0M |
| Q4 25 | $386.2M | $231.5M | ||
| Q3 25 | $380.9M | $209.6M | ||
| Q2 25 | $310.8M | $212.3M | ||
| Q1 25 | $284.9M | — | ||
| Q4 24 | $254.1M | $242.8M | ||
| Q3 24 | $245.5M | $262.7M | ||
| Q2 24 | $224.3M | $249.0M | ||
| Q1 24 | $210.1M | $244.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.3M | $7.1M |
| Free Cash FlowOCF − Capex | — | $6.4M |
| FCF MarginFCF / Revenue | — | 9.6% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $7.1M | ||
| Q3 25 | $-39.0M | $-3.1M | ||
| Q2 25 | $-7.3M | $4.1M | ||
| Q1 25 | $27.2M | — | ||
| Q4 24 | $-1.8M | $9.0M | ||
| Q3 24 | $1.0M | $-3.0M | ||
| Q2 24 | $-1.8M | $8.1M | ||
| Q1 24 | $-3.8M | $6.5M |
| Q4 25 | — | $6.4M | ||
| Q3 25 | — | $-3.5M | ||
| Q2 25 | — | $4.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9M | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | — | $7.9M | ||
| Q1 24 | — | $5.7M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | -10.9% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | -8.2% | ||
| Q2 24 | — | 28.9% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 6.8% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | -0.81× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | -0.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
