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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $33.9M, roughly 1.0× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -2.5%, a 11.1% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -0.1%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
BKSY vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $33.9M |
| Net Profit | $-868.0K | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | -11.8% | 11.6% |
| Net Margin | -2.5% | 8.7% |
| Revenue YoY | 15.9% | -0.1% |
| Net Profit YoY | 95.5% | -19.6% |
| EPS (diluted) | $0.04 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $19.6M | $33.9M | ||
| Q2 25 | $22.2M | $35.7M | ||
| Q1 25 | $29.5M | $36.3M | ||
| Q4 24 | $30.4M | $33.9M | ||
| Q3 24 | $22.5M | $34.9M | ||
| Q2 24 | $24.9M | $34.0M | ||
| Q1 24 | $24.2M | $34.9M |
| Q4 25 | $-868.0K | $2.9M | ||
| Q3 25 | $-15.3M | $3.2M | ||
| Q2 25 | $-41.2M | $4.6M | ||
| Q1 25 | $-12.8M | $5.2M | ||
| Q4 24 | $-19.4M | $3.6M | ||
| Q3 24 | $-12.6M | $3.7M | ||
| Q2 24 | $-9.4M | $3.4M | ||
| Q1 24 | $-15.8M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | -11.8% | 11.6% | ||
| Q3 25 | -85.8% | 12.9% | ||
| Q2 25 | -62.8% | 15.1% | ||
| Q1 25 | -40.5% | 16.6% | ||
| Q4 24 | -20.0% | 13.7% | ||
| Q3 24 | -58.7% | 14.2% | ||
| Q2 24 | -47.0% | 13.2% | ||
| Q1 24 | -54.7% | 14.0% |
| Q4 25 | -2.5% | 8.7% | ||
| Q3 25 | -78.2% | 9.5% | ||
| Q2 25 | -185.8% | 12.8% | ||
| Q1 25 | -43.4% | 14.3% | ||
| Q4 24 | -63.9% | 10.8% | ||
| Q3 24 | -55.8% | 10.5% | ||
| Q2 24 | -37.7% | 10.1% | ||
| Q1 24 | -65.2% | 12.1% |
| Q4 25 | $0.04 | $0.13 | ||
| Q3 25 | $-0.44 | $0.15 | ||
| Q2 25 | $-1.27 | $0.22 | ||
| Q1 25 | $-0.42 | $0.25 | ||
| Q4 24 | $-0.61 | $0.17 | ||
| Q3 24 | $-0.66 | $0.18 | ||
| Q2 24 | $-0.52 | $0.17 | ||
| Q1 24 | $-0.88 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $146.4M |
| Total Assets | $386.2M | $206.1M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $25.3M | ||
| Q3 25 | $146.5M | $21.4M | ||
| Q2 25 | $93.8M | $20.2M | ||
| Q1 25 | $75.8M | $19.9M | ||
| Q4 24 | $52.5M | $29.1M | ||
| Q3 24 | $63.2M | $27.8M | ||
| Q2 24 | $41.2M | $23.9M | ||
| Q1 24 | $35.4M | $23.3M |
| 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 | $146.4M | ||
| Q3 25 | $91.1M | $148.7M | ||
| Q2 25 | $86.6M | $150.9M | ||
| Q1 25 | $88.8M | $151.7M | ||
| Q4 24 | $94.0M | $154.7M | ||
| Q3 24 | $110.3M | $156.3M | ||
| Q2 24 | $76.5M | $158.2M | ||
| Q1 24 | $81.7M | $160.2M |
| Q4 25 | $386.2M | $206.1M | ||
| Q3 25 | $380.9M | $209.7M | ||
| Q2 25 | $310.8M | $208.7M | ||
| Q1 25 | $284.9M | $204.5M | ||
| Q4 24 | $254.1M | $217.1M | ||
| Q3 24 | $245.5M | $216.8M | ||
| Q2 24 | $224.3M | $216.4M | ||
| Q1 24 | $210.1M | $215.0M |
| 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 | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $11.5M | ||
| Q3 25 | $-39.0M | $8.1M | ||
| Q2 25 | $-7.3M | $7.0M | ||
| Q1 25 | $27.2M | $2.3M | ||
| Q4 24 | $-1.8M | $8.4M | ||
| Q3 24 | $1.0M | $11.1M | ||
| Q2 24 | $-1.8M | $7.4M | ||
| Q1 24 | $-3.8M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
