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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.

BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $21.3M, roughly 1.7× i-80 Gold Corp.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -401.9%, a 399.4% gap on every dollar of revenue.

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.

i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.

BKSY vs IAUX — Head-to-Head

Bigger by revenue
BKSY
BKSY
1.7× larger
BKSY
$35.2M
$21.3M
IAUX
Higher net margin
BKSY
BKSY
399.4% more per $
BKSY
-2.5%
-401.9%
IAUX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKSY
BKSY
IAUX
IAUX
Revenue
$35.2M
$21.3M
Net Profit
$-868.0K
$-85.6M
Gross Margin
22.0%
Operating Margin
-11.8%
-291.6%
Net Margin
-2.5%
-401.9%
Revenue YoY
15.9%
Net Profit YoY
95.5%
EPS (diluted)
$0.04
$-0.10

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.

Revenue
BKSY
BKSY
IAUX
IAUX
Q4 25
$35.2M
$21.3M
Q3 25
$19.6M
$32.0M
Q2 25
$22.2M
$27.8M
Q1 25
$29.5M
$14.0M
Q4 24
$30.4M
Q3 24
$22.5M
$11.5M
Q2 24
$24.9M
$7.2M
Q1 24
$24.2M
Net Profit
BKSY
BKSY
IAUX
IAUX
Q4 25
$-868.0K
$-85.6M
Q3 25
$-15.3M
$-41.9M
Q2 25
$-41.2M
$-30.2M
Q1 25
$-12.8M
$-41.2M
Q4 24
$-19.4M
Q3 24
$-12.6M
$-43.1M
Q2 24
$-9.4M
$-41.0M
Q1 24
$-15.8M
Gross Margin
BKSY
BKSY
IAUX
IAUX
Q4 25
22.0%
Q3 25
9.7%
Q2 25
2.9%
Q1 25
20.7%
Q4 24
Q3 24
-42.7%
Q2 24
-171.4%
Q1 24
Operating Margin
BKSY
BKSY
IAUX
IAUX
Q4 25
-11.8%
-291.6%
Q3 25
-85.8%
-86.7%
Q2 25
-62.8%
-67.4%
Q1 25
-40.5%
-112.3%
Q4 24
-20.0%
Q3 24
-58.7%
-210.0%
Q2 24
-47.0%
-435.2%
Q1 24
-54.7%
Net Margin
BKSY
BKSY
IAUX
IAUX
Q4 25
-2.5%
-401.9%
Q3 25
-78.2%
-130.8%
Q2 25
-185.8%
-108.5%
Q1 25
-43.4%
-293.3%
Q4 24
-63.9%
Q3 24
-55.8%
-374.5%
Q2 24
-37.7%
-570.8%
Q1 24
-65.2%
EPS (diluted)
BKSY
BKSY
IAUX
IAUX
Q4 25
$0.04
$-0.10
Q3 25
$-0.44
$-0.05
Q2 25
$-1.27
$-0.05
Q1 25
$-0.42
$-0.10
Q4 24
$-0.61
Q3 24
$-0.66
$-0.11
Q2 24
$-0.52
$-0.11
Q1 24
$-0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKSY
BKSY
IAUX
IAUX
Cash + ST InvestmentsLiquidity on hand
$124.5M
$63.2M
Total DebtLower is stronger
$201.1M
$174.7M
Stockholders' EquityBook value
$94.9M
$346.8M
Total Assets
$386.2M
$703.4M
Debt / EquityLower = less leverage
2.12×
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
IAUX
IAUX
Q4 25
$124.5M
$63.2M
Q3 25
$146.5M
$102.9M
Q2 25
$93.8M
$133.7M
Q1 25
$75.8M
$13.5M
Q4 24
$52.5M
Q3 24
$63.2M
$21.8M
Q2 24
$41.2M
$47.8M
Q1 24
$35.4M
Total Debt
BKSY
BKSY
IAUX
IAUX
Q4 25
$201.1M
$174.7M
Q3 25
$195.1M
$175.9M
Q2 25
$122.5M
$175.8M
Q1 25
$115.3M
$197.5M
Q4 24
$107.7M
Q3 24
$98.8M
Q2 24
$108.6M
Q1 24
$85.0M
Stockholders' Equity
BKSY
BKSY
IAUX
IAUX
Q4 25
$94.9M
$346.8M
Q3 25
$91.1M
$423.0M
Q2 25
$86.6M
$463.5M
Q1 25
$88.8M
$318.0M
Q4 24
$94.0M
Q3 24
$110.3M
$346.9M
Q2 24
$76.5M
$377.2M
Q1 24
$81.7M
Total Assets
BKSY
BKSY
IAUX
IAUX
Q4 25
$386.2M
$703.4M
Q3 25
$380.9M
$756.2M
Q2 25
$310.8M
$782.9M
Q1 25
$284.9M
$659.0M
Q4 24
$254.1M
Q3 24
$245.5M
Q2 24
$224.3M
Q1 24
$210.1M
Debt / Equity
BKSY
BKSY
IAUX
IAUX
Q4 25
2.12×
0.50×
Q3 25
2.14×
0.42×
Q2 25
1.41×
0.38×
Q1 25
1.30×
0.62×
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
BKSY
BKSY
IAUX
IAUX
Operating Cash FlowLast quarter
$-9.3M
$-34.3M
Free Cash FlowOCF − Capex
$-39.2M
FCF MarginFCF / Revenue
-184.3%
Capex IntensityCapex / Revenue
23.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
IAUX
IAUX
Q4 25
$-9.3M
$-34.3M
Q3 25
$-39.0M
$-15.2M
Q2 25
$-7.3M
$-11.3M
Q1 25
$27.2M
$-22.7M
Q4 24
$-1.8M
Q3 24
$1.0M
$-23.5M
Q2 24
$-1.8M
$-24.6M
Q1 24
$-3.8M
Free Cash Flow
BKSY
BKSY
IAUX
IAUX
Q4 25
$-39.2M
Q3 25
$-18.5M
Q2 25
$-12.4M
Q1 25
$-23.1M
Q4 24
Q3 24
$-23.8M
Q2 24
$-25.1M
Q1 24
FCF Margin
BKSY
BKSY
IAUX
IAUX
Q4 25
-184.3%
Q3 25
-57.8%
Q2 25
-44.7%
Q1 25
-164.1%
Q4 24
Q3 24
-206.7%
Q2 24
-349.1%
Q1 24
Capex Intensity
BKSY
BKSY
IAUX
IAUX
Q4 25
23.1%
Q3 25
10.2%
Q2 25
3.9%
Q1 25
2.5%
Q4 24
Q3 24
2.5%
Q2 24
7.3%
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BKSY
BKSY

Segment breakdown not available.

IAUX
IAUX

Granite Creek Mining Company$20.3M95%
Ruby Hill Mining Company LLC$991.0K5%
Lone Tree Minning Company$3.0K0%

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