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

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $35.2M, roughly 1.6× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -83.0%, a 80.5% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 15.9%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

BKSY vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.6× larger
RYTM
$57.3M
$35.2M
BKSY
Growing faster (revenue YoY)
RYTM
RYTM
+20.9% gap
RYTM
36.9%
15.9%
BKSY
Higher net margin
BKSY
BKSY
80.5% more per $
BKSY
-2.5%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
20.5%
BKSY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKSY
BKSY
RYTM
RYTM
Revenue
$35.2M
$57.3M
Net Profit
$-868.0K
$-47.5M
Gross Margin
91.6%
Operating Margin
-11.8%
-82.2%
Net Margin
-2.5%
-83.0%
Revenue YoY
15.9%
36.9%
Net Profit YoY
95.5%
-9.6%
EPS (diluted)
$0.04
$-0.73

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
RYTM
RYTM
Q4 25
$35.2M
$57.3M
Q3 25
$19.6M
$51.3M
Q2 25
$22.2M
$48.5M
Q1 25
$29.5M
$32.7M
Q4 24
$30.4M
$41.8M
Q3 24
$22.5M
$33.3M
Q2 24
$24.9M
$29.1M
Q1 24
$24.2M
$26.0M
Net Profit
BKSY
BKSY
RYTM
RYTM
Q4 25
$-868.0K
$-47.5M
Q3 25
$-15.3M
$-52.9M
Q2 25
$-41.2M
$-46.6M
Q1 25
$-12.8M
$-49.5M
Q4 24
$-19.4M
$-43.3M
Q3 24
$-12.6M
$-43.6M
Q2 24
$-9.4M
$-32.3M
Q1 24
$-15.8M
$-141.4M
Gross Margin
BKSY
BKSY
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
BKSY
BKSY
RYTM
RYTM
Q4 25
-11.8%
-82.2%
Q3 25
-85.8%
-102.6%
Q2 25
-62.8%
-93.4%
Q1 25
-40.5%
-143.7%
Q4 24
-20.0%
-98.6%
Q3 24
-58.7%
-132.0%
Q2 24
-47.0%
-139.2%
Q1 24
-54.7%
-538.7%
Net Margin
BKSY
BKSY
RYTM
RYTM
Q4 25
-2.5%
-83.0%
Q3 25
-78.2%
-103.1%
Q2 25
-185.8%
-96.1%
Q1 25
-43.4%
-151.4%
Q4 24
-63.9%
-103.6%
Q3 24
-55.8%
-131.2%
Q2 24
-37.7%
-110.9%
Q1 24
-65.2%
-544.4%
EPS (diluted)
BKSY
BKSY
RYTM
RYTM
Q4 25
$0.04
$-0.73
Q3 25
$-0.44
$-0.82
Q2 25
$-1.27
$-0.75
Q1 25
$-0.42
$-0.81
Q4 24
$-0.61
$-0.71
Q3 24
$-0.66
$-0.73
Q2 24
$-0.52
$-0.55
Q1 24
$-0.88
$-2.35

Balance Sheet & Financial Strength

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

Metric
BKSY
BKSY
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$124.5M
$388.9M
Total DebtLower is stronger
$201.1M
Stockholders' EquityBook value
$94.9M
$139.1M
Total Assets
$386.2M
$480.2M
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
RYTM
RYTM
Q4 25
$124.5M
$388.9M
Q3 25
$146.5M
$416.1M
Q2 25
$93.8M
$291.0M
Q1 25
$75.8M
$314.5M
Q4 24
$52.5M
$320.6M
Q3 24
$63.2M
$298.4M
Q2 24
$41.2M
$319.1M
Q1 24
$35.4M
$201.2M
Total Debt
BKSY
BKSY
RYTM
RYTM
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 24
$85.0M
Stockholders' Equity
BKSY
BKSY
RYTM
RYTM
Q4 25
$94.9M
$139.1M
Q3 25
$91.1M
$148.8M
Q2 25
$86.6M
$-11.9M
Q1 25
$88.8M
$18.9M
Q4 24
$94.0M
$21.7M
Q3 24
$110.3M
$11.2M
Q2 24
$76.5M
$39.3M
Q1 24
$81.7M
$61.6M
Total Assets
BKSY
BKSY
RYTM
RYTM
Q4 25
$386.2M
$480.2M
Q3 25
$380.9M
$506.9M
Q2 25
$310.8M
$372.7M
Q1 25
$284.9M
$386.7M
Q4 24
$254.1M
$392.3M
Q3 24
$245.5M
$363.6M
Q2 24
$224.3M
$381.8M
Q1 24
$210.1M
$258.7M
Debt / Equity
BKSY
BKSY
RYTM
RYTM
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×
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
RYTM
RYTM
Operating Cash FlowLast quarter
$-9.3M
$-25.4M
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.

Operating Cash Flow
BKSY
BKSY
RYTM
RYTM
Q4 25
$-9.3M
$-25.4M
Q3 25
$-39.0M
$-26.6M
Q2 25
$-7.3M
$-23.3M
Q1 25
$27.2M
$-40.4M
Q4 24
$-1.8M
$-18.8M
Q3 24
$1.0M
$-25.2M
Q2 24
$-1.8M
$-29.1M
Q1 24
$-3.8M
$-40.7M

Financial Flow Comparison

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

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