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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and First Foundation Inc. (FFWM). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $35.2M, roughly 1.4× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -97.9%, a 95.4% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 15.9%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -2.7%).
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.
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
BKSY vs FFWM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $48.4M |
| Net Profit | $-868.0K | $-8.0M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | -97.5% |
| Net Margin | -2.5% | -97.9% |
| Revenue YoY | 15.9% | 421.7% |
| Net Profit YoY | 95.5% | 43.0% |
| EPS (diluted) | $0.04 | $-0.09 |
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 | $48.4M | ||
| Q3 25 | $19.6M | $63.6M | ||
| Q2 25 | $22.2M | $51.4M | ||
| Q1 25 | $29.5M | $71.4M | ||
| Q4 24 | $30.4M | $9.3M | ||
| Q3 24 | $22.5M | $9.2M | ||
| Q2 24 | $24.9M | $57.5M | ||
| Q1 24 | $24.2M | $51.1M |
| Q4 25 | $-868.0K | $-8.0M | ||
| Q3 25 | $-15.3M | $-146.3M | ||
| Q2 25 | $-41.2M | $-7.7M | ||
| Q1 25 | $-12.8M | $6.9M | ||
| Q4 24 | $-19.4M | $-14.1M | ||
| Q3 24 | $-12.6M | $-82.2M | ||
| Q2 24 | $-9.4M | $3.1M | ||
| Q1 24 | $-15.8M | $793.0K |
| Q4 25 | -11.8% | -97.5% | ||
| Q3 25 | -85.8% | -92.7% | ||
| Q2 25 | -62.8% | -21.1% | ||
| Q1 25 | -40.5% | 8.8% | ||
| Q4 24 | -20.0% | -247.7% | ||
| Q3 24 | -58.7% | -1276.7% | ||
| Q2 24 | -47.0% | 4.6% | ||
| Q1 24 | -54.7% | -0.2% |
| Q4 25 | -2.5% | -97.9% | ||
| Q3 25 | -78.2% | -230.1% | ||
| Q2 25 | -185.8% | -15.0% | ||
| Q1 25 | -43.4% | 9.7% | ||
| Q4 24 | -63.9% | -152.2% | ||
| Q3 24 | -55.8% | -896.9% | ||
| Q2 24 | -37.7% | 5.4% | ||
| Q1 24 | -65.2% | 1.6% |
| Q4 25 | $0.04 | $-0.09 | ||
| Q3 25 | $-0.44 | $-1.78 | ||
| Q2 25 | $-1.27 | $-0.09 | ||
| Q1 25 | $-0.42 | $0.08 | ||
| Q4 24 | $-0.61 | $-0.24 | ||
| Q3 24 | $-0.66 | $-1.23 | ||
| Q2 24 | $-0.52 | $0.05 | ||
| Q1 24 | $-0.88 | $0.01 |
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 | $1.6B |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $912.6M |
| Total Assets | $386.2M | $11.9B |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $1.6B | ||
| Q3 25 | $146.5M | $1.7B | ||
| Q2 25 | $93.8M | $1.1B | ||
| Q1 25 | $75.8M | $1.0B | ||
| Q4 24 | $52.5M | $1.0B | ||
| Q3 24 | $63.2M | $1.1B | ||
| Q2 24 | $41.2M | $1.4B | ||
| Q1 24 | $35.4M | $1.6B |
| 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 | $912.6M | ||
| Q3 25 | $91.1M | $917.9M | ||
| Q2 25 | $86.6M | $1.1B | ||
| Q1 25 | $88.8M | $1.1B | ||
| Q4 24 | $94.0M | $1.1B | ||
| Q3 24 | $110.3M | $1.1B | ||
| Q2 24 | $76.5M | $933.2M | ||
| Q1 24 | $81.7M | $928.7M |
| Q4 25 | $386.2M | $11.9B | ||
| Q3 25 | $380.9M | $11.9B | ||
| Q2 25 | $310.8M | $11.6B | ||
| Q1 25 | $284.9M | $12.6B | ||
| Q4 24 | $254.1M | $12.6B | ||
| Q3 24 | $245.5M | $13.4B | ||
| Q2 24 | $224.3M | $13.7B | ||
| Q1 24 | $210.1M | $13.6B |
| 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 | $-31.9M |
| Free Cash FlowOCF − Capex | — | $-35.2M |
| FCF MarginFCF / Revenue | — | -72.8% |
| Capex IntensityCapex / Revenue | — | 6.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $-31.9M | ||
| Q3 25 | $-39.0M | $9.2M | ||
| Q2 25 | $-7.3M | $-16.3M | ||
| Q1 25 | $27.2M | $-552.0K | ||
| Q4 24 | $-1.8M | $-8.7M | ||
| Q3 24 | $1.0M | $14.2M | ||
| Q2 24 | $-1.8M | $-9.1M | ||
| Q1 24 | $-3.8M | $7.2M |
| Q4 25 | — | $-35.2M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $-16.7M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | — | $-9.4M | ||
| Q1 24 | — | $5.9M |
| Q4 25 | — | -72.8% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | -32.4% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | — | -123.5% | ||
| Q3 24 | — | 146.2% | ||
| Q2 24 | — | -16.3% | ||
| Q1 24 | — | 11.6% |
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2.96× | ||
| Q1 24 | — | 9.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
