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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $35.2M, roughly 1.6× BlackSky Technology Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs -2.5%, a 16.7% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 15.9%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
BKSY vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $56.8M |
| Net Profit | $-868.0K | $8.1M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 60.0% |
| Net Margin | -2.5% | 14.2% |
| Revenue YoY | 15.9% | 55.6% |
| Net Profit YoY | 95.5% | -83.7% |
| EPS (diluted) | $0.04 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $19.6M | $50.8M | ||
| Q2 25 | $22.2M | $47.5M | ||
| Q1 25 | $29.5M | $44.0M | ||
| Q4 24 | $30.4M | $36.5M | ||
| Q3 24 | $22.5M | $28.5M | ||
| Q2 24 | $24.9M | $26.0M | ||
| Q1 24 | $24.2M | $19.0M |
| Q4 25 | $-868.0K | $8.1M | ||
| Q3 25 | $-15.3M | $8.1M | ||
| Q2 25 | $-41.2M | $7.5M | ||
| Q1 25 | $-12.8M | $6.5M | ||
| Q4 24 | $-19.4M | $49.3M | ||
| Q3 24 | $-12.6M | $2.7M | ||
| Q2 24 | $-9.4M | $-57.7M | ||
| Q1 24 | $-15.8M | $10.8M |
| Q4 25 | -11.8% | 60.0% | ||
| Q3 25 | -85.8% | 60.8% | ||
| Q2 25 | -62.8% | 60.0% | ||
| Q1 25 | -40.5% | 57.0% | ||
| Q4 24 | -20.0% | 49.4% | ||
| Q3 24 | -58.7% | 11.2% | ||
| Q2 24 | -47.0% | -197.4% | ||
| Q1 24 | -54.7% | 71.1% |
| Q4 25 | -2.5% | 14.2% | ||
| Q3 25 | -78.2% | 15.9% | ||
| Q2 25 | -185.8% | 15.8% | ||
| Q1 25 | -43.4% | 14.7% | ||
| Q4 24 | -63.9% | 135.2% | ||
| Q3 24 | -55.8% | 9.3% | ||
| Q2 24 | -37.7% | -222.1% | ||
| Q1 24 | -65.2% | 56.7% |
| Q4 25 | $0.04 | $0.24 | ||
| Q3 25 | $-0.44 | $0.26 | ||
| Q2 25 | $-1.27 | $0.24 | ||
| Q1 25 | $-0.42 | $0.20 | ||
| Q4 24 | $-0.61 | — | ||
| Q3 24 | $-0.66 | $-0.04 | ||
| Q2 24 | $-0.52 | — | ||
| 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 | $30.7M |
| Total DebtLower is stronger | $201.1M | $570.7M |
| Stockholders' EquityBook value | $94.9M | $340.3M |
| Total Assets | $386.2M | $1.4B |
| Debt / EquityLower = less leverage | 2.12× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $30.7M | ||
| Q3 25 | $146.5M | $28.3M | ||
| Q2 25 | $93.8M | $20.3M | ||
| Q1 25 | $75.8M | $14.9M | ||
| Q4 24 | $52.5M | $37.0M | ||
| Q3 24 | $63.2M | $14.4M | ||
| Q2 24 | $41.2M | $24.6M | ||
| Q1 24 | $35.4M | — |
| Q4 25 | $201.1M | $570.7M | ||
| Q3 25 | $195.1M | $366.1M | ||
| Q2 25 | $122.5M | $370.9M | ||
| Q1 25 | $115.3M | $375.5M | ||
| Q4 24 | $107.7M | $385.5M | ||
| Q3 24 | $98.8M | $242.4M | ||
| Q2 24 | $108.6M | $360.8M | ||
| Q1 24 | $85.0M | — |
| Q4 25 | $94.9M | $340.3M | ||
| Q3 25 | $91.1M | $272.0M | ||
| Q2 25 | $86.6M | $266.4M | ||
| Q1 25 | $88.8M | $217.0M | ||
| Q4 24 | $94.0M | $211.8M | ||
| Q3 24 | $110.3M | $97.2M | ||
| Q2 24 | $76.5M | $296.4M | ||
| Q1 24 | $81.7M | $162.3M |
| Q4 25 | $386.2M | $1.4B | ||
| Q3 25 | $380.9M | $1.1B | ||
| Q2 25 | $310.8M | $1.1B | ||
| Q1 25 | $284.9M | $1.0B | ||
| Q4 24 | $254.1M | $1.0B | ||
| Q3 24 | $245.5M | $689.9M | ||
| Q2 24 | $224.3M | $710.5M | ||
| Q1 24 | $210.1M | — |
| Q4 25 | 2.12× | 1.68× | ||
| Q3 25 | 2.14× | 1.35× | ||
| Q2 25 | 1.41× | 1.39× | ||
| Q1 25 | 1.30× | 1.73× | ||
| Q4 24 | 1.15× | 1.82× | ||
| Q3 24 | 0.90× | 2.49× | ||
| Q2 24 | 1.42× | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | — | $122.0M |
| FCF MarginFCF / Revenue | — | 214.9% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $126.3M | ||
| Q3 25 | $-39.0M | $34.9M | ||
| Q2 25 | $-7.3M | $37.3M | ||
| Q1 25 | $27.2M | $15.9M | ||
| Q4 24 | $-1.8M | $67.6M | ||
| Q3 24 | $1.0M | $7.5M | ||
| Q2 24 | $-1.8M | $16.0M | ||
| Q1 24 | $-3.8M | $17.2M |
| Q4 25 | — | $122.0M | ||
| Q3 25 | — | $33.7M | ||
| Q2 25 | — | $36.1M | ||
| Q1 25 | — | $15.8M | ||
| Q4 24 | — | $66.7M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $15.7M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | — | 214.9% | ||
| Q3 25 | — | 66.3% | ||
| Q2 25 | — | 75.9% | ||
| Q1 25 | — | 36.0% | ||
| Q4 24 | — | 182.6% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 60.4% | ||
| Q1 24 | — | 90.1% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
