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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $26.9M, roughly 1.3× Hyperscale Data, Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -112.0%, a 109.5% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs 15.9%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -16.3%).
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.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
BKSY vs GPUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $26.9M |
| Net Profit | $-868.0K | $-30.1M |
| Gross Margin | — | 14.5% |
| Operating Margin | -11.8% | -117.8% |
| Net Margin | -2.5% | -112.0% |
| Revenue YoY | 15.9% | 38.4% |
| Net Profit YoY | 95.5% | -6670.3% |
| EPS (diluted) | $0.04 | — |
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 | $26.9M | ||
| Q3 25 | $19.6M | $24.3M | ||
| Q2 25 | $22.2M | $25.9M | ||
| Q1 25 | $29.5M | $25.0M | ||
| Q4 24 | $30.4M | $19.4M | ||
| Q3 24 | $22.5M | $31.1M | ||
| Q2 24 | $24.9M | $17.8M | ||
| Q1 24 | $24.2M | $38.4M |
| Q4 25 | $-868.0K | $-30.1M | ||
| Q3 25 | $-15.3M | $-13.0M | ||
| Q2 25 | $-41.2M | $-19.1M | ||
| Q1 25 | $-12.8M | $-4.2M | ||
| Q4 24 | $-19.4M | $-445.0K | ||
| Q3 24 | $-12.6M | $-25.5M | ||
| Q2 24 | $-9.4M | $-33.9M | ||
| Q1 24 | $-15.8M | $3.7M |
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | -21.3% | ||
| Q1 24 | — | 47.4% |
| Q4 25 | -11.8% | -117.8% | ||
| Q3 25 | -85.8% | -57.8% | ||
| Q2 25 | -62.8% | -39.2% | ||
| Q1 25 | -40.5% | -25.5% | ||
| Q4 24 | -20.0% | -46.8% | ||
| Q3 24 | -58.7% | -79.2% | ||
| Q2 24 | -47.0% | -151.4% | ||
| Q1 24 | -54.7% | 9.5% |
| Q4 25 | -2.5% | -112.0% | ||
| Q3 25 | -78.2% | -53.5% | ||
| Q2 25 | -185.8% | -73.7% | ||
| Q1 25 | -43.4% | -16.8% | ||
| Q4 24 | -63.9% | -2.3% | ||
| Q3 24 | -55.8% | -82.3% | ||
| Q2 24 | -37.7% | -190.7% | ||
| Q1 24 | -65.2% | 9.7% |
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.44 | $-0.39 | ||
| Q2 25 | $-1.27 | $-2.66 | ||
| Q1 25 | $-0.42 | — | ||
| Q4 24 | $-0.61 | $-8.78 | ||
| Q3 24 | $-0.66 | $-24.82 | ||
| Q2 24 | $-0.52 | $-37.81 | ||
| Q1 24 | $-0.88 | $3.32 |
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 | $13.1M |
| Total DebtLower is stronger | $201.1M | $83.1M |
| Stockholders' EquityBook value | $94.9M | $119.8M |
| Total Assets | $386.2M | $313.7M |
| Debt / EquityLower = less leverage | 2.12× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $13.1M | ||
| Q3 25 | $146.5M | $24.8M | ||
| Q2 25 | $93.8M | $5.9M | ||
| Q1 25 | $75.8M | $4.2M | ||
| Q4 24 | $52.5M | $4.5M | ||
| Q3 24 | $63.2M | $7.9M | ||
| Q2 24 | $41.2M | $9.6M | ||
| Q1 24 | $35.4M | $18.9M |
| Q4 25 | $201.1M | $83.1M | ||
| Q3 25 | $195.1M | $80.0M | ||
| Q2 25 | $122.5M | $88.5M | ||
| Q1 25 | $115.3M | $92.8M | ||
| Q4 24 | $107.7M | $96.7M | ||
| Q3 24 | $98.8M | $104.8M | ||
| Q2 24 | $108.6M | $106.8M | ||
| Q1 24 | $85.0M | $30.0M |
| Q4 25 | $94.9M | $119.8M | ||
| Q3 25 | $91.1M | $55.9M | ||
| Q2 25 | $86.6M | $5.5M | ||
| Q1 25 | $88.8M | $6.3M | ||
| Q4 24 | $94.0M | $8.6M | ||
| Q3 24 | $110.3M | $2.7M | ||
| Q2 24 | $76.5M | $26.7M | ||
| Q1 24 | $81.7M | $59.0M |
| Q4 25 | $386.2M | $313.7M | ||
| Q3 25 | $380.9M | $242.4M | ||
| Q2 25 | $310.8M | $213.5M | ||
| Q1 25 | $284.9M | $218.5M | ||
| Q4 24 | $254.1M | $220.8M | ||
| Q3 24 | $245.5M | $231.5M | ||
| Q2 24 | $224.3M | $270.8M | ||
| Q1 24 | $210.1M | $299.8M |
| Q4 25 | 2.12× | 0.69× | ||
| Q3 25 | 2.14× | 1.43× | ||
| Q2 25 | 1.41× | 16.06× | ||
| Q1 25 | 1.30× | 14.71× | ||
| Q4 24 | 1.15× | 11.19× | ||
| Q3 24 | 0.90× | 38.41× | ||
| Q2 24 | 1.42× | 4.00× | ||
| Q1 24 | 1.04× | 0.51× |
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 | $-37.7M |
| Free Cash FlowOCF − Capex | — | $-56.2M |
| FCF MarginFCF / Revenue | — | -208.7% |
| Capex IntensityCapex / Revenue | — | 68.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $-37.7M | ||
| Q3 25 | $-39.0M | $-17.8M | ||
| Q2 25 | $-7.3M | $-3.1M | ||
| Q1 25 | $27.2M | $-4.0M | ||
| Q4 24 | $-1.8M | $-9.2M | ||
| Q3 24 | $1.0M | $3.7M | ||
| Q2 24 | $-1.8M | $-3.7M | ||
| Q1 24 | $-3.8M | $-10.2M |
| Q4 25 | — | $-56.2M | ||
| Q3 25 | — | $-20.6M | ||
| Q2 25 | — | $-3.5M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $-5.9M | ||
| Q1 24 | — | $-11.6M |
| Q4 25 | — | -208.7% | ||
| Q3 25 | — | -84.5% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -27.3% | ||
| Q4 24 | — | -47.6% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | -33.4% | ||
| Q1 24 | — | -30.3% |
| Q4 25 | — | 68.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
