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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC). Click either name above to swap in a different company.

BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $21.8M, roughly 1.6× INNOVATIVE SOLUTIONS & SUPPORT INC). INNOVATIVE SOLUTIONS & SUPPORT INC runs the higher net margin — 18.6% vs -2.5%, a 21.1% gap on every dollar of revenue. On growth, INNOVATIVE SOLUTIONS & SUPPORT INC posted the faster year-over-year revenue change (36.6% vs 15.9%). Over the past eight quarters, INNOVATIVE SOLUTIONS & SUPPORT INC's revenue compounded faster (42.5% 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.

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc., and is its legal successor; the former company's mobile phone division was spun off as Motorola Mobility, now part of Chinese technology company...

BKSY vs ISSC — Head-to-Head

Bigger by revenue
BKSY
BKSY
1.6× larger
BKSY
$35.2M
$21.8M
ISSC
Growing faster (revenue YoY)
ISSC
ISSC
+20.6% gap
ISSC
36.6%
15.9%
BKSY
Higher net margin
ISSC
ISSC
21.1% more per $
ISSC
18.6%
-2.5%
BKSY
Faster 2-yr revenue CAGR
ISSC
ISSC
Annualised
ISSC
42.5%
20.5%
BKSY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BKSY
BKSY
ISSC
ISSC
Revenue
$35.2M
$21.8M
Net Profit
$-868.0K
$4.1M
Gross Margin
54.5%
Operating Margin
-11.8%
28.9%
Net Margin
-2.5%
18.6%
Revenue YoY
15.9%
36.6%
Net Profit YoY
95.5%
451.4%
EPS (diluted)
$0.04
$0.22

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
ISSC
ISSC
Q4 25
$35.2M
$21.8M
Q3 25
$19.6M
$22.2M
Q2 25
$22.2M
$24.1M
Q1 25
$29.5M
$21.9M
Q4 24
$30.4M
$16.0M
Q3 24
$22.5M
$15.4M
Q2 24
$24.9M
$11.8M
Q1 24
$24.2M
$10.7M
Net Profit
BKSY
BKSY
ISSC
ISSC
Q4 25
$-868.0K
$4.1M
Q3 25
$-15.3M
$7.1M
Q2 25
$-41.2M
$2.4M
Q1 25
$-12.8M
$5.3M
Q4 24
$-19.4M
$736.2K
Q3 24
$-12.6M
$3.2M
Q2 24
$-9.4M
$1.6M
Q1 24
$-15.8M
$1.2M
Gross Margin
BKSY
BKSY
ISSC
ISSC
Q4 25
54.5%
Q3 25
63.2%
Q2 25
35.5%
Q1 25
51.4%
Q4 24
41.4%
Q3 24
55.4%
Q2 24
53.4%
Q1 24
52.0%
Operating Margin
BKSY
BKSY
ISSC
ISSC
Q4 25
-11.8%
28.9%
Q3 25
-85.8%
37.0%
Q2 25
-62.8%
14.6%
Q1 25
-40.5%
31.8%
Q4 24
-20.0%
8.4%
Q3 24
-58.7%
28.4%
Q2 24
-47.0%
17.3%
Q1 24
-54.7%
15.3%
Net Margin
BKSY
BKSY
ISSC
ISSC
Q4 25
-2.5%
18.6%
Q3 25
-78.2%
32.0%
Q2 25
-185.8%
10.1%
Q1 25
-43.4%
24.3%
Q4 24
-63.9%
4.6%
Q3 24
-55.8%
20.7%
Q2 24
-37.7%
13.2%
Q1 24
-65.2%
11.3%
EPS (diluted)
BKSY
BKSY
ISSC
ISSC
Q4 25
$0.04
$0.22
Q3 25
$-0.44
$0.40
Q2 25
$-1.27
$0.14
Q1 25
$-0.42
$0.30
Q4 24
$-0.61
$0.04
Q3 24
$-0.66
$0.18
Q2 24
$-0.52
$0.09
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
BKSY
BKSY
ISSC
ISSC
Cash + ST InvestmentsLiquidity on hand
$124.5M
$8.3M
Total DebtLower is stronger
$201.1M
$23.8M
Stockholders' EquityBook value
$94.9M
$68.7M
Total Assets
$386.2M
$109.9M
Debt / EquityLower = less leverage
2.12×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
ISSC
ISSC
Q4 25
$124.5M
$8.3M
Q3 25
$146.5M
$2.7M
Q2 25
$93.8M
$601.8K
Q1 25
$75.8M
$1.2M
Q4 24
$52.5M
$604.6K
Q3 24
$63.2M
$539.0K
Q2 24
$41.2M
$521.0K
Q1 24
$35.4M
$574.1K
Total Debt
BKSY
BKSY
ISSC
ISSC
Q4 25
$201.1M
$23.8M
Q3 25
$195.1M
$24.4M
Q2 25
$122.5M
Q1 25
$115.3M
Q4 24
$107.7M
Q3 24
$98.8M
Q2 24
$108.6M
Q1 24
$85.0M
Stockholders' Equity
BKSY
BKSY
ISSC
ISSC
Q4 25
$94.9M
$68.7M
Q3 25
$91.1M
$64.6M
Q2 25
$86.6M
$56.8M
Q1 25
$88.8M
$53.5M
Q4 24
$94.0M
$47.8M
Q3 24
$110.3M
$46.6M
Q2 24
$76.5M
$43.2M
Q1 24
$81.7M
$41.4M
Total Assets
BKSY
BKSY
ISSC
ISSC
Q4 25
$386.2M
$109.9M
Q3 25
$380.9M
$103.4M
Q2 25
$310.8M
$91.8M
Q1 25
$284.9M
$89.9M
Q4 24
$254.1M
$81.3M
Q3 24
$245.5M
$82.4M
Q2 24
$224.3M
$59.8M
Q1 24
$210.1M
$57.6M
Debt / Equity
BKSY
BKSY
ISSC
ISSC
Q4 25
2.12×
0.35×
Q3 25
2.14×
0.38×
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
BKSY
BKSY
ISSC
ISSC
Operating Cash FlowLast quarter
$-9.3M
$8.2M
Free Cash FlowOCF − Capex
$7.0M
FCF MarginFCF / Revenue
32.3%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
ISSC
ISSC
Q4 25
$-9.3M
$8.2M
Q3 25
$-39.0M
$3.0M
Q2 25
$-7.3M
$7.2M
Q1 25
$27.2M
$1.3M
Q4 24
$-1.8M
$1.8M
Q3 24
$1.0M
$445.3K
Q2 24
$-1.8M
$934.1K
Q1 24
$-3.8M
$201.1K
Free Cash Flow
BKSY
BKSY
ISSC
ISSC
Q4 25
$7.0M
Q3 25
$2.0M
Q2 25
$3.5M
Q1 25
$-267.7K
Q4 24
$1.6M
Q3 24
$299.5K
Q2 24
$730.8K
Q1 24
$75.4K
FCF Margin
BKSY
BKSY
ISSC
ISSC
Q4 25
32.3%
Q3 25
8.8%
Q2 25
14.6%
Q1 25
-1.2%
Q4 24
9.9%
Q3 24
1.9%
Q2 24
6.2%
Q1 24
0.7%
Capex Intensity
BKSY
BKSY
ISSC
ISSC
Q4 25
5.1%
Q3 25
4.5%
Q2 25
15.3%
Q1 25
7.1%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.7%
Q1 24
1.2%
Cash Conversion
BKSY
BKSY
ISSC
ISSC
Q4 25
2.01×
Q3 25
0.42×
Q2 25
2.95×
Q1 25
0.24×
Q4 24
2.50×
Q3 24
0.14×
Q2 24
0.60×
Q1 24
0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BKSY
BKSY

Segment breakdown not available.

ISSC
ISSC

Products$13.6M62%
Services$8.2M38%

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