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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $20.7M, roughly 1.7× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -2.5%, a 105.9% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 20.5%).
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.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
BKSY vs FPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $20.7M |
| Net Profit | $-868.0K | $21.4M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | — |
| Net Margin | -2.5% | 103.4% |
| Revenue YoY | 15.9% | -3.5% |
| Net Profit YoY | 95.5% | -63.5% |
| EPS (diluted) | $0.04 | $0.44 |
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 | $20.7M | ||
| Q3 25 | $19.6M | $11.3M | ||
| Q2 25 | $22.2M | $10.0M | ||
| Q1 25 | $29.5M | $10.3M | ||
| Q4 24 | $30.4M | $21.5M | ||
| Q3 24 | $22.5M | $13.3M | ||
| Q2 24 | $24.9M | $11.4M | ||
| Q1 24 | $24.2M | $12.0M |
| Q4 25 | $-868.0K | $21.4M | ||
| Q3 25 | $-15.3M | $483.0K | ||
| Q2 25 | $-41.2M | $7.6M | ||
| Q1 25 | $-12.8M | $2.0M | ||
| Q4 24 | $-19.4M | $58.7M | ||
| Q3 24 | $-12.6M | $1.8M | ||
| Q2 24 | $-9.4M | $-2.0M | ||
| Q1 24 | $-15.8M | $1.4M |
| Q4 25 | -11.8% | — | ||
| Q3 25 | -85.8% | 4.3% | ||
| Q2 25 | -62.8% | 78.2% | ||
| Q1 25 | -40.5% | 20.6% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -58.7% | 13.9% | ||
| Q2 24 | -47.0% | -17.9% | ||
| Q1 24 | -54.7% | 11.9% |
| Q4 25 | -2.5% | 103.4% | ||
| Q3 25 | -78.2% | 4.3% | ||
| Q2 25 | -185.8% | 76.3% | ||
| Q1 25 | -43.4% | 19.9% | ||
| Q4 24 | -63.9% | 273.6% | ||
| Q3 24 | -55.8% | 13.5% | ||
| Q2 24 | -37.7% | -17.5% | ||
| Q1 24 | -65.2% | 11.5% |
| Q4 25 | $0.04 | $0.44 | ||
| Q3 25 | $-0.44 | $0.00 | ||
| Q2 25 | $-1.27 | $0.14 | ||
| Q1 25 | $-0.42 | $0.03 | ||
| Q4 24 | $-0.61 | $1.09 | ||
| Q3 24 | $-0.66 | $0.02 | ||
| Q2 24 | $-0.52 | $-0.06 | ||
| 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 | — |
| Total DebtLower is stronger | $201.1M | $161.6M |
| Stockholders' EquityBook value | $94.9M | $467.4M |
| Total Assets | $386.2M | $719.1M |
| Debt / EquityLower = less leverage | 2.12× | 0.35× |
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 | $161.6M | ||
| Q3 25 | $195.1M | $170.4M | ||
| Q2 25 | $122.5M | $193.4M | ||
| Q1 25 | $115.3M | $202.6M | ||
| Q4 24 | $107.7M | $204.6M | ||
| Q3 24 | $98.8M | $394.0M | ||
| Q2 24 | $108.6M | $393.0M | ||
| Q1 24 | $85.0M | $383.0M |
| Q4 25 | $94.9M | $467.4M | ||
| Q3 25 | $91.1M | $457.3M | ||
| Q2 25 | $86.6M | $473.5M | ||
| Q1 25 | $88.8M | $492.2M | ||
| Q4 24 | $94.0M | $494.6M | ||
| Q3 24 | $110.3M | $519.4M | ||
| Q2 24 | $76.5M | $521.5M | ||
| Q1 24 | $81.7M | $526.7M |
| Q4 25 | $386.2M | $719.1M | ||
| Q3 25 | $380.9M | $738.5M | ||
| Q2 25 | $310.8M | $776.7M | ||
| Q1 25 | $284.9M | $810.5M | ||
| Q4 24 | $254.1M | $869.6M | ||
| Q3 24 | $245.5M | $1.0B | ||
| Q2 24 | $224.3M | $1.0B | ||
| Q1 24 | $210.1M | $1.0B |
| Q4 25 | 2.12× | 0.35× | ||
| Q3 25 | 2.14× | 0.37× | ||
| Q2 25 | 1.41× | 0.41× | ||
| Q1 25 | 1.30× | 0.41× | ||
| Q4 24 | 1.15× | 0.41× | ||
| Q3 24 | 0.90× | 0.76× | ||
| Q2 24 | 1.42× | 0.75× | ||
| Q1 24 | 1.04× | 0.73× |
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 | $17.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $17.4M | ||
| Q3 25 | $-39.0M | $-2.0M | ||
| Q2 25 | $-7.3M | $-2.2M | ||
| Q1 25 | $27.2M | $6.4M | ||
| Q4 24 | $-1.8M | $16.1M | ||
| Q3 24 | $1.0M | $-4.3M | ||
| Q2 24 | $-1.8M | $-6.1M | ||
| Q1 24 | $-3.8M | $11.9M |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | -4.04× | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | 3.12× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | -2.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 8.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
