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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $35.2M, roughly 1.0× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -8.9%, a 6.4% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs 3.1%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
BKSY vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $36.5M |
| Net Profit | $-868.0K | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -11.8% | -10.9% |
| Net Margin | -2.5% | -8.9% |
| Revenue YoY | 15.9% | 3.1% |
| Net Profit YoY | 95.5% | 71.6% |
| EPS (diluted) | $0.04 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $19.6M | $36.2M | ||
| Q2 25 | $22.2M | $38.3M | ||
| Q1 25 | $29.5M | $41.3M | ||
| Q4 24 | $30.4M | $35.4M | ||
| Q3 24 | $22.5M | $40.5M | ||
| Q2 24 | $24.9M | $48.5M | ||
| Q1 24 | $24.2M | $50.5M |
| Q4 25 | $-868.0K | $-3.2M | ||
| Q3 25 | $-15.3M | $-6.3M | ||
| Q2 25 | $-41.2M | $-10.9M | ||
| Q1 25 | $-12.8M | $-40.2M | ||
| Q4 24 | $-19.4M | $-11.4M | ||
| Q3 24 | $-12.6M | $-9.9M | ||
| Q2 24 | $-9.4M | $-4.6M | ||
| Q1 24 | $-15.8M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | -11.8% | -10.9% | ||
| Q3 25 | -85.8% | -19.4% | ||
| Q2 25 | -62.8% | -30.5% | ||
| Q1 25 | -40.5% | -99.9% | ||
| Q4 24 | -20.0% | -36.6% | ||
| Q3 24 | -58.7% | -29.0% | ||
| Q2 24 | -47.0% | -14.3% | ||
| Q1 24 | -54.7% | -20.1% |
| Q4 25 | -2.5% | -8.9% | ||
| Q3 25 | -78.2% | -17.3% | ||
| Q2 25 | -185.8% | -28.3% | ||
| Q1 25 | -43.4% | -97.2% | ||
| Q4 24 | -63.9% | -32.3% | ||
| Q3 24 | -55.8% | -24.5% | ||
| Q2 24 | -37.7% | -9.5% | ||
| Q1 24 | -65.2% | -15.2% |
| Q4 25 | $0.04 | $-0.02 | ||
| Q3 25 | $-0.44 | $-0.03 | ||
| Q2 25 | $-1.27 | $-0.06 | ||
| Q1 25 | $-0.42 | $-0.21 | ||
| Q4 24 | $-0.61 | $-0.06 | ||
| Q3 24 | $-0.66 | $-0.05 | ||
| Q2 24 | $-0.52 | $-0.02 | ||
| Q1 24 | $-0.88 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $232.1M |
| Total Assets | $386.2M | $320.9M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $104.5M | ||
| Q3 25 | $146.5M | $100.0M | ||
| Q2 25 | $93.8M | $105.0M | ||
| Q1 25 | $75.8M | $125.6M | ||
| Q4 24 | $52.5M | $142.5M | ||
| Q3 24 | $63.2M | $163.4M | ||
| Q2 24 | $41.2M | $187.4M | ||
| Q1 24 | $35.4M | $204.7M |
| 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 | $232.1M | ||
| Q3 25 | $91.1M | $234.4M | ||
| Q2 25 | $86.6M | $238.8M | ||
| Q1 25 | $88.8M | $250.7M | ||
| Q4 24 | $94.0M | $289.4M | ||
| Q3 24 | $110.3M | $305.1M | ||
| Q2 24 | $76.5M | $329.4M | ||
| Q1 24 | $81.7M | $333.1M |
| Q4 25 | $386.2M | $320.9M | ||
| Q3 25 | $380.9M | $335.8M | ||
| Q2 25 | $310.8M | $354.0M | ||
| Q1 25 | $284.9M | $366.1M | ||
| Q4 24 | $254.1M | $420.2M | ||
| Q3 24 | $245.5M | $448.6M | ||
| Q2 24 | $224.3M | $475.3M | ||
| Q1 24 | $210.1M | $485.5M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $7.7M | ||
| Q3 25 | $-39.0M | $-2.1M | ||
| Q2 25 | $-7.3M | $-14.9M | ||
| Q1 25 | $27.2M | $-12.2M | ||
| Q4 24 | $-1.8M | $-12.0M | ||
| Q3 24 | $1.0M | $-3.7M | ||
| Q2 24 | $-1.8M | $-13.9M | ||
| Q1 24 | $-3.8M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
