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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $26.0M, roughly 1.4× FRANKLIN STREET PROPERTIES CORP). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -28.1%, a 25.7% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -8.2%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -8.7%).
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.
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
BKSY vs FSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $26.0M |
| Net Profit | $-868.0K | $-7.3M |
| Gross Margin | — | 59.4% |
| Operating Margin | -11.8% | -27.9% |
| Net Margin | -2.5% | -28.1% |
| Revenue YoY | 15.9% | -8.2% |
| Net Profit YoY | 95.5% | 14.1% |
| EPS (diluted) | $0.04 | $-0.06 |
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 | $26.0M | ||
| Q3 25 | $19.6M | $27.3M | ||
| Q2 25 | $22.2M | $26.7M | ||
| Q1 25 | $29.5M | $27.1M | ||
| Q4 24 | $30.4M | $28.4M | ||
| Q3 24 | $22.5M | $29.7M | ||
| Q2 24 | $24.9M | $30.8M | ||
| Q1 24 | $24.2M | $31.2M |
| Q4 25 | $-868.0K | $-7.3M | ||
| Q3 25 | $-15.3M | $-8.3M | ||
| Q2 25 | $-41.2M | $-7.9M | ||
| Q1 25 | $-12.8M | $-21.4M | ||
| Q4 24 | $-19.4M | $-8.5M | ||
| Q3 24 | $-12.6M | $-15.6M | ||
| Q2 24 | $-9.4M | $-21.0M | ||
| Q1 24 | $-15.8M | $-7.6M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 60.9% | ||
| Q2 25 | — | 59.9% | ||
| Q1 25 | — | 62.8% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 64.2% | ||
| Q1 24 | — | 64.7% |
| Q4 25 | -11.8% | -27.9% | ||
| Q3 25 | -85.8% | -30.5% | ||
| Q2 25 | -62.8% | -29.2% | ||
| Q1 25 | -40.5% | -78.9% | ||
| Q4 24 | -20.0% | -29.9% | ||
| Q3 24 | -58.7% | -52.4% | ||
| Q2 24 | -47.0% | -68.0% | ||
| Q1 24 | -54.7% | -24.0% |
| Q4 25 | -2.5% | -28.1% | ||
| Q3 25 | -78.2% | -30.5% | ||
| Q2 25 | -185.8% | -29.5% | ||
| Q1 25 | -43.4% | -79.1% | ||
| Q4 24 | -63.9% | -30.0% | ||
| Q3 24 | -55.8% | -52.6% | ||
| Q2 24 | -37.7% | -68.2% | ||
| Q1 24 | -65.2% | -24.2% |
| Q4 25 | $0.04 | $-0.06 | ||
| Q3 25 | $-0.44 | $-0.08 | ||
| Q2 25 | $-1.27 | $-0.08 | ||
| Q1 25 | $-0.42 | $-0.21 | ||
| Q4 24 | $-0.61 | $-0.09 | ||
| Q3 24 | $-0.66 | $-0.15 | ||
| Q2 24 | $-0.52 | $-0.20 | ||
| Q1 24 | $-0.88 | $-0.07 |
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 | $30.6M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $607.0M |
| Total Assets | $386.2M | $892.9M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $30.6M | ||
| Q3 25 | $146.5M | $31.4M | ||
| Q2 25 | $93.8M | $29.4M | ||
| Q1 25 | $75.8M | $30.2M | ||
| Q4 24 | $52.5M | $41.1M | ||
| Q3 24 | $63.2M | $40.9M | ||
| Q2 24 | $41.2M | $30.2M | ||
| Q1 24 | $35.4M | $34.2M |
| 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 | $607.0M | ||
| Q3 25 | $91.1M | $615.3M | ||
| Q2 25 | $86.6M | $624.7M | ||
| Q1 25 | $88.8M | $633.4M | ||
| Q4 24 | $94.0M | $655.9M | ||
| Q3 24 | $110.3M | $665.4M | ||
| Q2 24 | $76.5M | $682.1M | ||
| Q1 24 | $81.7M | $703.9M |
| Q4 25 | $386.2M | $892.9M | ||
| Q3 25 | $380.9M | $901.0M | ||
| Q2 25 | $310.8M | $903.2M | ||
| Q1 25 | $284.9M | $916.4M | ||
| Q4 24 | $254.1M | $946.9M | ||
| Q3 24 | $245.5M | $981.5M | ||
| Q2 24 | $224.3M | $1.0B | ||
| Q1 24 | $210.1M | $1.0B |
| 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 | $3.8M |
| Free Cash FlowOCF − Capex | — | $-12.7M |
| FCF MarginFCF / Revenue | — | -48.6% |
| Capex IntensityCapex / Revenue | — | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $3.8M | ||
| Q3 25 | $-39.0M | $8.3M | ||
| Q2 25 | $-7.3M | $-2.9M | ||
| Q1 25 | $27.2M | $-5.5M | ||
| Q4 24 | $-1.8M | $9.0M | ||
| Q3 24 | $1.0M | $14.5M | ||
| Q2 24 | $-1.8M | $-648.0K | ||
| Q1 24 | $-3.8M | $-7.1M |
| Q4 25 | — | $-12.7M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $-5.7M | ||
| Q1 25 | — | $-9.9M | ||
| Q4 24 | — | $-16.2M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | — | $-5.1M | ||
| Q1 24 | — | $-15.8M |
| Q4 25 | — | -48.6% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | -21.5% | ||
| Q1 25 | — | -36.7% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | -16.7% | ||
| Q1 24 | — | -50.8% |
| Q4 25 | — | 63.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 88.9% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 28.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
