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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and IonQ, Inc. (IONQ). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $35.2M, roughly 1.8× BlackSky Technology Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -2.5%, a 1220.2% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 15.9%).
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.
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
BKSY vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $61.9M |
| Net Profit | $-868.0K | $753.7M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | -369.4% |
| Net Margin | -2.5% | 1217.8% |
| Revenue YoY | 15.9% | 428.5% |
| Net Profit YoY | 95.5% | 473.1% |
| EPS (diluted) | $0.04 | $2.60 |
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 | $61.9M | ||
| Q3 25 | $19.6M | $39.9M | ||
| Q2 25 | $22.2M | $20.7M | ||
| Q1 25 | $29.5M | — | ||
| Q4 24 | $30.4M | $11.7M | ||
| Q3 24 | $22.5M | $12.4M | ||
| Q2 24 | $24.9M | $11.4M | ||
| Q1 24 | $24.2M | — |
| Q4 25 | $-868.0K | $753.7M | ||
| Q3 25 | $-15.3M | $-1.1B | ||
| Q2 25 | $-41.2M | $-176.8M | ||
| Q1 25 | $-12.8M | — | ||
| Q4 24 | $-19.4M | $-202.0M | ||
| Q3 24 | $-12.6M | $-52.5M | ||
| Q2 24 | $-9.4M | $-37.6M | ||
| Q1 24 | $-15.8M | — |
| Q4 25 | -11.8% | -369.4% | ||
| Q3 25 | -85.8% | -423.5% | ||
| Q2 25 | -62.8% | -776.0% | ||
| Q1 25 | -40.5% | — | ||
| Q4 24 | -20.0% | -661.9% | ||
| Q3 24 | -58.7% | -428.5% | ||
| Q2 24 | -47.0% | -430.0% | ||
| Q1 24 | -54.7% | — |
| Q4 25 | -2.5% | 1217.8% | ||
| Q3 25 | -78.2% | -2646.3% | ||
| Q2 25 | -185.8% | -854.5% | ||
| Q1 25 | -43.4% | — | ||
| Q4 24 | -63.9% | -1725.0% | ||
| Q3 24 | -55.8% | -423.4% | ||
| Q2 24 | -37.7% | -330.0% | ||
| Q1 24 | -65.2% | — |
| Q4 25 | $0.04 | $2.60 | ||
| Q3 25 | $-0.44 | $-3.58 | ||
| Q2 25 | $-1.27 | $-0.70 | ||
| Q1 25 | $-0.42 | — | ||
| Q4 24 | $-0.61 | $-0.95 | ||
| Q3 24 | $-0.66 | $-0.24 | ||
| Q2 24 | $-0.52 | $-0.18 | ||
| Q1 24 | $-0.88 | — |
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 | $2.4B |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $3.8B |
| Total Assets | $386.2M | $6.6B |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $2.4B | ||
| Q3 25 | $146.5M | $1.1B | ||
| Q2 25 | $93.8M | $546.9M | ||
| Q1 25 | $75.8M | — | ||
| Q4 24 | $52.5M | $340.3M | ||
| Q3 24 | $63.2M | $365.7M | ||
| Q2 24 | $41.2M | $369.8M | ||
| Q1 24 | $35.4M | — |
| 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 | $3.8B | ||
| Q3 25 | $91.1M | $2.3B | ||
| Q2 25 | $86.6M | $1.2B | ||
| Q1 25 | $88.8M | — | ||
| Q4 24 | $94.0M | $383.9M | ||
| Q3 24 | $110.3M | $435.7M | ||
| Q2 24 | $76.5M | $463.3M | ||
| Q1 24 | $81.7M | — |
| Q4 25 | $386.2M | $6.6B | ||
| Q3 25 | $380.9M | $4.3B | ||
| Q2 25 | $310.8M | $1.3B | ||
| Q1 25 | $284.9M | — | ||
| Q4 24 | $254.1M | $508.4M | ||
| Q3 24 | $245.5M | $497.9M | ||
| Q2 24 | $224.3M | $517.4M | ||
| Q1 24 | $210.1M | — |
| 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 | $-74.5M |
| Free Cash FlowOCF − Capex | — | $-83.3M |
| FCF MarginFCF / Revenue | — | -134.6% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $-74.5M | ||
| Q3 25 | $-39.0M | $-123.1M | ||
| Q2 25 | $-7.3M | $-52.6M | ||
| Q1 25 | $27.2M | — | ||
| Q4 24 | $-1.8M | $-39.4M | ||
| Q3 24 | $1.0M | $-19.2M | ||
| Q2 24 | $-1.8M | $-26.6M | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | — | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | — | $-53.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-43.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-34.1M | ||
| Q1 24 | — | — |
| Q4 25 | — | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | — | -259.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -367.4% | ||
| Q3 24 | — | -185.3% | ||
| Q2 24 | — | -299.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 30.7% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 65.8% | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
