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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $35.2M, roughly 2.0× BlackSky Technology Inc.). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs -2.5%, a 386.5% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 15.9%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

BKSY vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
2.0× larger
RIGL
$69.8M
$35.2M
BKSY
Growing faster (revenue YoY)
RIGL
RIGL
+5.2% gap
RIGL
21.2%
15.9%
BKSY
Higher net margin
RIGL
RIGL
386.5% more per $
RIGL
384.0%
-2.5%
BKSY
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
20.5%
BKSY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKSY
BKSY
RIGL
RIGL
Revenue
$35.2M
$69.8M
Net Profit
$-868.0K
$268.1M
Gross Margin
91.5%
Operating Margin
-11.8%
33.2%
Net Margin
-2.5%
384.0%
Revenue YoY
15.9%
21.2%
Net Profit YoY
95.5%
1769.2%
EPS (diluted)
$0.04
$14.11

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
RIGL
RIGL
Q4 25
$35.2M
$69.8M
Q3 25
$19.6M
$69.5M
Q2 25
$22.2M
$101.7M
Q1 25
$29.5M
$53.3M
Q4 24
$30.4M
$57.6M
Q3 24
$22.5M
$55.3M
Q2 24
$24.9M
$36.8M
Q1 24
$24.2M
$29.5M
Net Profit
BKSY
BKSY
RIGL
RIGL
Q4 25
$-868.0K
$268.1M
Q3 25
$-15.3M
$27.9M
Q2 25
$-41.2M
$59.6M
Q1 25
$-12.8M
$11.4M
Q4 24
$-19.4M
$14.3M
Q3 24
$-12.6M
$12.4M
Q2 24
$-9.4M
$-1.0M
Q1 24
$-15.8M
$-8.2M
Gross Margin
BKSY
BKSY
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
BKSY
BKSY
RIGL
RIGL
Q4 25
-11.8%
33.2%
Q3 25
-85.8%
40.9%
Q2 25
-62.8%
60.1%
Q1 25
-40.5%
23.9%
Q4 24
-20.0%
28.9%
Q3 24
-58.7%
25.4%
Q2 24
-47.0%
1.2%
Q1 24
-54.7%
-23.6%
Net Margin
BKSY
BKSY
RIGL
RIGL
Q4 25
-2.5%
384.0%
Q3 25
-78.2%
40.2%
Q2 25
-185.8%
58.6%
Q1 25
-43.4%
21.5%
Q4 24
-63.9%
24.9%
Q3 24
-55.8%
22.5%
Q2 24
-37.7%
-2.8%
Q1 24
-65.2%
-27.9%
EPS (diluted)
BKSY
BKSY
RIGL
RIGL
Q4 25
$0.04
$14.11
Q3 25
$-0.44
$1.46
Q2 25
$-1.27
$3.28
Q1 25
$-0.42
$0.63
Q4 24
$-0.61
$0.82
Q3 24
$-0.66
$0.70
Q2 24
$-0.52
$-0.06
Q1 24
$-0.88
$-0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKSY
BKSY
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$124.5M
$155.0M
Total DebtLower is stronger
$201.1M
$52.5M
Stockholders' EquityBook value
$94.9M
$391.5M
Total Assets
$386.2M
$513.6M
Debt / EquityLower = less leverage
2.12×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
RIGL
RIGL
Q4 25
$124.5M
$155.0M
Q3 25
$146.5M
$137.1M
Q2 25
$93.8M
$108.4M
Q1 25
$75.8M
$77.1M
Q4 24
$52.5M
$77.3M
Q3 24
$63.2M
$61.1M
Q2 24
$41.2M
$49.1M
Q1 24
$35.4M
$49.5M
Total Debt
BKSY
BKSY
RIGL
RIGL
Q4 25
$201.1M
$52.5M
Q3 25
$195.1M
$60.0M
Q2 25
$122.5M
$60.0M
Q1 25
$115.3M
$60.0M
Q4 24
$107.7M
$60.0M
Q3 24
$98.8M
$60.0M
Q2 24
$108.6M
$60.0M
Q1 24
$85.0M
$60.0M
Stockholders' Equity
BKSY
BKSY
RIGL
RIGL
Q4 25
$94.9M
$391.5M
Q3 25
$91.1M
$117.6M
Q2 25
$86.6M
$81.9M
Q1 25
$88.8M
$18.6M
Q4 24
$94.0M
$3.3M
Q3 24
$110.3M
$-14.6M
Q2 24
$76.5M
$-29.9M
Q1 24
$81.7M
$-31.7M
Total Assets
BKSY
BKSY
RIGL
RIGL
Q4 25
$386.2M
$513.6M
Q3 25
$380.9M
$242.5M
Q2 25
$310.8M
$206.7M
Q1 25
$284.9M
$176.0M
Q4 24
$254.1M
$164.0M
Q3 24
$245.5M
$139.4M
Q2 24
$224.3M
$128.4M
Q1 24
$210.1M
$126.5M
Debt / Equity
BKSY
BKSY
RIGL
RIGL
Q4 25
2.12×
0.13×
Q3 25
2.14×
0.51×
Q2 25
1.41×
0.73×
Q1 25
1.30×
3.23×
Q4 24
1.15×
18.25×
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
RIGL
RIGL
Operating Cash FlowLast quarter
$-9.3M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
RIGL
RIGL
Q4 25
$-9.3M
$22.0M
Q3 25
$-39.0M
$24.0M
Q2 25
$-7.3M
$30.5M
Q1 25
$27.2M
$-893.0K
Q4 24
$-1.8M
$14.5M
Q3 24
$1.0M
$21.7M
Q2 24
$-1.8M
$302.0K
Q1 24
$-3.8M
$-5.0M
Cash Conversion
BKSY
BKSY
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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