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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($48.6M vs $35.2M, roughly 1.4× BlackSky Technology Inc.). Ouster, Inc. runs the higher net margin — 8.2% vs -2.5%, a 10.7% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs 15.9%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
BKSY vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $48.6M |
| Net Profit | $-868.0K | $4.0M |
| Gross Margin | — | 42.9% |
| Operating Margin | -11.8% | 17.6% |
| Net Margin | -2.5% | 8.2% |
| Revenue YoY | 15.9% | 48.9% |
| Net Profit YoY | 95.5% | — |
| EPS (diluted) | $0.04 | $0.06 |
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 | — | $48.6M | ||
| Q4 25 | $35.2M | $62.2M | ||
| Q3 25 | $19.6M | $39.5M | ||
| Q2 25 | $22.2M | $35.0M | ||
| Q1 25 | $29.5M | $32.6M | ||
| Q4 24 | $30.4M | $30.1M | ||
| Q3 24 | $22.5M | $28.1M | ||
| Q2 24 | $24.9M | $27.0M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | $-868.0K | — | ||
| Q3 25 | $-15.3M | $-21.7M | ||
| Q2 25 | $-41.2M | $-20.6M | ||
| Q1 25 | $-12.8M | $-22.0M | ||
| Q4 24 | $-19.4M | — | ||
| Q3 24 | $-12.6M | $-25.6M | ||
| Q2 24 | $-9.4M | $-23.9M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% |
| Q1 26 | — | 17.6% | ||
| Q4 25 | -11.8% | 1.5% | ||
| Q3 25 | -85.8% | -61.4% | ||
| Q2 25 | -62.8% | -76.5% | ||
| Q1 25 | -40.5% | -73.0% | ||
| Q4 24 | -20.0% | -85.1% | ||
| Q3 24 | -58.7% | -98.0% | ||
| Q2 24 | -47.0% | -93.6% |
| Q1 26 | — | 8.2% | ||
| Q4 25 | -2.5% | — | ||
| Q3 25 | -78.2% | -55.0% | ||
| Q2 25 | -185.8% | -58.8% | ||
| Q1 25 | -43.4% | -67.5% | ||
| Q4 24 | -63.9% | — | ||
| Q3 24 | -55.8% | -91.1% | ||
| Q2 24 | -37.7% | -88.4% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | $0.04 | $0.10 | ||
| Q3 25 | $-0.44 | $-0.37 | ||
| Q2 25 | $-1.27 | $-0.38 | ||
| Q1 25 | $-0.42 | $-0.42 | ||
| Q4 24 | $-0.61 | $-0.46 | ||
| Q3 24 | $-0.66 | $-0.54 | ||
| Q2 24 | $-0.52 | $-0.53 |
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 | $173.1M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $275.6M |
| Total Assets | $386.2M | $381.5M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $124.5M | $208.6M | ||
| Q3 25 | $146.5M | $244.5M | ||
| Q2 25 | $93.8M | $226.5M | ||
| Q1 25 | $75.8M | $168.2M | ||
| Q4 24 | $52.5M | $172.0M | ||
| Q3 24 | $63.2M | $151.4M | ||
| Q2 24 | $41.2M | $184.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $275.6M | ||
| Q4 25 | $94.9M | $261.7M | ||
| Q3 25 | $91.1M | $247.4M | ||
| Q2 25 | $86.6M | $221.0M | ||
| Q1 25 | $88.8M | $167.9M | ||
| Q4 24 | $94.0M | $180.9M | ||
| Q3 24 | $110.3M | $171.7M | ||
| Q2 24 | $76.5M | $170.6M |
| Q1 26 | — | $381.5M | ||
| Q4 25 | $386.2M | $349.5M | ||
| Q3 25 | $380.9M | $353.8M | ||
| Q2 25 | $310.8M | $321.8M | ||
| Q1 25 | $284.9M | $268.6M | ||
| Q4 24 | $254.1M | $276.1M | ||
| Q3 24 | $245.5M | $255.2M | ||
| Q2 24 | $224.3M | $309.9M |
| 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 | $-15.4M | ||
| Q3 25 | $-39.0M | $-18.3M | ||
| Q2 25 | $-7.3M | $-1.3M | ||
| Q1 25 | $27.2M | $-4.9M | ||
| Q4 24 | $-1.8M | $-2.6M | ||
| Q3 24 | $1.0M | $-3.8M | ||
| Q2 24 | $-1.8M | $-21.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
