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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Satellogic Inc. (SATL). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $6.2M, roughly 5.6× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -2.5%, a 490.4% gap on every dollar of revenue.
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.
Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.
BKSY vs SATL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $6.2M |
| Net Profit | $-868.0K | $30.5M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | -114.2% |
| Net Margin | -2.5% | 488.0% |
| Revenue YoY | 15.9% | — |
| Net Profit YoY | 95.5% | — |
| 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 | $6.2M | ||
| Q3 25 | $19.6M | $3.6M | ||
| Q2 25 | $22.2M | $4.4M | ||
| Q1 25 | $29.5M | $3.4M | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $22.5M | — | ||
| Q2 24 | $24.9M | $3.5M | ||
| Q1 24 | $24.2M | — |
| Q4 25 | $-868.0K | $30.5M | ||
| Q3 25 | $-15.3M | $4.0M | ||
| Q2 25 | $-41.2M | $-6.7M | ||
| Q1 25 | $-12.8M | $-32.6M | ||
| Q4 24 | $-19.4M | — | ||
| Q3 24 | $-12.6M | — | ||
| Q2 24 | $-9.4M | $-18.1M | ||
| Q1 24 | $-15.8M | — |
| Q4 25 | -11.8% | -114.2% | ||
| Q3 25 | -85.8% | -222.5% | ||
| Q2 25 | -62.8% | -141.6% | ||
| Q1 25 | -40.5% | -280.9% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -58.7% | — | ||
| Q2 24 | -47.0% | -419.2% | ||
| Q1 24 | -54.7% | — |
| Q4 25 | -2.5% | 488.0% | ||
| Q3 25 | -78.2% | 109.2% | ||
| Q2 25 | -185.8% | -149.8% | ||
| Q1 25 | -43.4% | -961.9% | ||
| Q4 24 | -63.9% | — | ||
| Q3 24 | -55.8% | — | ||
| Q2 24 | -37.7% | -517.0% | ||
| Q1 24 | -65.2% | — |
| Q4 25 | $0.04 | $0.24 | ||
| Q3 25 | $-0.44 | $-0.02 | ||
| Q2 25 | $-1.27 | $-0.06 | ||
| Q1 25 | $-0.42 | $-0.34 | ||
| Q4 24 | $-0.61 | — | ||
| Q3 24 | $-0.66 | — | ||
| Q2 24 | $-0.52 | $-0.20 | ||
| 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 | $94.4M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $60.5M |
| Total Assets | $386.2M | $151.3M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $94.4M | ||
| Q3 25 | $146.5M | $28.3M | ||
| Q2 25 | $93.8M | $32.6M | ||
| Q1 25 | $75.8M | $17.7M | ||
| Q4 24 | $52.5M | — | ||
| Q3 24 | $63.2M | — | ||
| Q2 24 | $41.2M | $25.6M | ||
| Q1 24 | $35.4M | — |
| 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 | — |
| Q4 25 | $94.9M | $60.5M | ||
| Q3 25 | $91.1M | $-56.9M | ||
| Q2 25 | $86.6M | $-68.1M | ||
| Q1 25 | $88.8M | $-83.1M | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $110.3M | — | ||
| Q2 24 | $76.5M | $19.1M | ||
| Q1 24 | $81.7M | — |
| Q4 25 | $386.2M | $151.3M | ||
| Q3 25 | $380.9M | $70.9M | ||
| Q2 25 | $310.8M | $73.8M | ||
| Q1 25 | $284.9M | $61.4M | ||
| Q4 24 | $254.1M | — | ||
| Q3 24 | $245.5M | — | ||
| Q2 24 | $224.3M | $76.6M | ||
| Q1 24 | $210.1M | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.3M | $-9.5M |
| Free Cash FlowOCF − Capex | — | $-12.8M |
| FCF MarginFCF / Revenue | — | -204.9% |
| Capex IntensityCapex / Revenue | — | 53.6% |
| Cash ConversionOCF / Net Profit | — | -0.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $-9.5M | ||
| Q3 25 | $-39.0M | $-8.4M | ||
| Q2 25 | $-7.3M | $-4.3M | ||
| Q1 25 | $27.2M | $-4.7M | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $1.0M | — | ||
| Q2 24 | $-1.8M | — | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | — | $-12.8M | ||
| Q3 25 | — | $-9.7M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | — | $-6.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -204.9% | ||
| Q3 25 | — | -267.2% | ||
| Q2 25 | — | -115.3% | ||
| Q1 25 | — | -195.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 53.6% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 56.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.31× | ||
| Q3 25 | — | -2.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
