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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $35.2M, roughly 1.1× BlackSky Technology Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -2.5%, a 2.6% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% 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.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
BKSY vs NP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $37.8M |
| Net Profit | $-868.0K | $50.0K |
| Gross Margin | — | — |
| Operating Margin | -11.8% | — |
| Net Margin | -2.5% | 0.1% |
| Revenue YoY | 15.9% | 28.8% |
| Net Profit YoY | 95.5% | 0.0% |
| EPS (diluted) | $0.04 | $0.05 |
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.
| Q1 26 | — | $37.8M | ||
| Q4 25 | $35.2M | — | ||
| Q3 25 | $19.6M | $44.4M | ||
| Q2 25 | $22.2M | — | ||
| Q1 25 | $29.5M | — | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $22.5M | $33.8M | ||
| Q2 24 | $24.9M | — |
| Q1 26 | — | $50.0K | ||
| Q4 25 | $-868.0K | — | ||
| Q3 25 | $-15.3M | $11.5M | ||
| Q2 25 | $-41.2M | — | ||
| Q1 25 | $-12.8M | — | ||
| Q4 24 | $-19.4M | — | ||
| Q3 24 | $-12.6M | $12.1M | ||
| Q2 24 | $-9.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | — | ||
| Q3 25 | -85.8% | 46.7% | ||
| Q2 25 | -62.8% | — | ||
| Q1 25 | -40.5% | — | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -58.7% | 58.6% | ||
| Q2 24 | -47.0% | — |
| Q1 26 | — | 0.1% | ||
| Q4 25 | -2.5% | — | ||
| Q3 25 | -78.2% | 25.9% | ||
| Q2 25 | -185.8% | — | ||
| Q1 25 | -43.4% | — | ||
| Q4 24 | -63.9% | — | ||
| Q3 24 | -55.8% | 35.8% | ||
| Q2 24 | -37.7% | — |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.44 | $0.06 | ||
| Q2 25 | $-1.27 | — | ||
| Q1 25 | $-0.42 | — | ||
| Q4 24 | $-0.61 | — | ||
| Q3 24 | $-0.66 | $0.06 | ||
| Q2 24 | $-0.52 | — |
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 | — |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | — |
| Total Assets | $386.2M | — |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $124.5M | — | ||
| Q3 25 | $146.5M | $12.2M | ||
| Q2 25 | $93.8M | — | ||
| Q1 25 | $75.8M | — | ||
| Q4 24 | $52.5M | — | ||
| Q3 24 | $63.2M | — | ||
| Q2 24 | $41.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $201.1M | — | ||
| Q3 25 | $195.1M | $247.6M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $107.7M | — | ||
| Q3 24 | $98.8M | — | ||
| Q2 24 | $108.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | — | ||
| Q3 25 | $91.1M | $-509.5M | ||
| Q2 25 | $86.6M | — | ||
| Q1 25 | $88.8M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $110.3M | $-374.3M | ||
| Q2 24 | $76.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $386.2M | — | ||
| Q3 25 | $380.9M | $89.6M | ||
| Q2 25 | $310.8M | — | ||
| Q1 25 | $284.9M | — | ||
| Q4 24 | $254.1M | — | ||
| Q3 24 | $245.5M | — | ||
| Q2 24 | $224.3M | — |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-9.3M | — | ||
| Q3 25 | $-39.0M | $38.9M | ||
| Q2 25 | $-7.3M | — | ||
| Q1 25 | $27.2M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $1.0M | — | ||
| Q2 24 | $-1.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.38× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
