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

UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $35.2M, roughly 1.0× BlackSky Technology Inc.). UNITY BANCORP INC runs the higher net margin — 43.9% vs -2.5%, a 46.3% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 15.9%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs 17.5%).

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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

BKSY vs UNTY — Head-to-Head

Bigger by revenue
UNTY
UNTY
1.0× larger
UNTY
$35.3M
$35.2M
BKSY
Growing faster (revenue YoY)
UNTY
UNTY
+8.2% gap
UNTY
24.2%
15.9%
BKSY
Higher net margin
UNTY
UNTY
46.3% more per $
UNTY
43.9%
-2.5%
BKSY
Faster 2-yr revenue CAGR
BKSY
BKSY
Annualised
BKSY
20.5%
17.5%
UNTY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKSY
BKSY
UNTY
UNTY
Revenue
$35.2M
$35.3M
Net Profit
$-868.0K
$15.5M
Gross Margin
Operating Margin
-11.8%
55.8%
Net Margin
-2.5%
43.9%
Revenue YoY
15.9%
24.2%
Net Profit YoY
95.5%
34.5%
EPS (diluted)
$0.04
$1.52

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
UNTY
UNTY
Q4 25
$35.2M
$35.3M
Q3 25
$19.6M
$32.8M
Q2 25
$22.2M
$34.4M
Q1 25
$29.5M
$29.4M
Q4 24
$30.4M
$28.4M
Q3 24
$22.5M
$27.7M
Q2 24
$24.9M
$25.5M
Q1 24
$24.2M
$25.6M
Net Profit
BKSY
BKSY
UNTY
UNTY
Q4 25
$-868.0K
$15.5M
Q3 25
$-15.3M
$14.4M
Q2 25
$-41.2M
$16.5M
Q1 25
$-12.8M
$11.6M
Q4 24
$-19.4M
$11.5M
Q3 24
$-12.6M
$10.9M
Q2 24
$-9.4M
$9.5M
Q1 24
$-15.8M
$9.6M
Operating Margin
BKSY
BKSY
UNTY
UNTY
Q4 25
-11.8%
55.8%
Q3 25
-85.8%
57.5%
Q2 25
-62.8%
62.6%
Q1 25
-40.5%
52.6%
Q4 24
-20.0%
51.0%
Q3 24
-58.7%
52.7%
Q2 24
-47.0%
49.3%
Q1 24
-54.7%
50.0%
Net Margin
BKSY
BKSY
UNTY
UNTY
Q4 25
-2.5%
43.9%
Q3 25
-78.2%
43.8%
Q2 25
-185.8%
48.0%
Q1 25
-43.4%
39.5%
Q4 24
-63.9%
40.5%
Q3 24
-55.8%
39.4%
Q2 24
-37.7%
37.1%
Q1 24
-65.2%
37.5%
EPS (diluted)
BKSY
BKSY
UNTY
UNTY
Q4 25
$0.04
$1.52
Q3 25
$-0.44
$1.41
Q2 25
$-1.27
$1.61
Q1 25
$-0.42
$1.13
Q4 24
$-0.61
$1.13
Q3 24
$-0.66
$1.07
Q2 24
$-0.52
$0.92
Q1 24
$-0.88
$0.94

Balance Sheet & Financial Strength

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

Metric
BKSY
BKSY
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$124.5M
Total DebtLower is stronger
$201.1M
Stockholders' EquityBook value
$94.9M
$345.6M
Total Assets
$386.2M
$3.0B
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
UNTY
UNTY
Q4 25
$124.5M
Q3 25
$146.5M
Q2 25
$93.8M
Q1 25
$75.8M
Q4 24
$52.5M
Q3 24
$63.2M
Q2 24
$41.2M
Q1 24
$35.4M
Total Debt
BKSY
BKSY
UNTY
UNTY
Q4 25
$201.1M
Q3 25
$195.1M
Q2 25
$122.5M
Q1 25
$115.3M
Q4 24
$107.7M
$230.8M
Q3 24
$98.8M
Q2 24
$108.6M
Q1 24
$85.0M
Stockholders' Equity
BKSY
BKSY
UNTY
UNTY
Q4 25
$94.9M
$345.6M
Q3 25
$91.1M
$334.0M
Q2 25
$86.6M
$319.8M
Q1 25
$88.8M
$306.1M
Q4 24
$94.0M
$295.6M
Q3 24
$110.3M
$284.3M
Q2 24
$76.5M
$273.4M
Q1 24
$81.7M
$266.8M
Total Assets
BKSY
BKSY
UNTY
UNTY
Q4 25
$386.2M
$3.0B
Q3 25
$380.9M
$2.9B
Q2 25
$310.8M
$2.9B
Q1 25
$284.9M
$2.8B
Q4 24
$254.1M
$2.7B
Q3 24
$245.5M
$2.6B
Q2 24
$224.3M
$2.6B
Q1 24
$210.1M
$2.6B
Debt / Equity
BKSY
BKSY
UNTY
UNTY
Q4 25
2.12×
Q3 25
2.14×
Q2 25
1.41×
Q1 25
1.30×
Q4 24
1.15×
0.78×
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
UNTY
UNTY
Operating Cash FlowLast quarter
$-9.3M
$44.9M
Free Cash FlowOCF − Capex
$44.3M
FCF MarginFCF / Revenue
125.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
UNTY
UNTY
Q4 25
$-9.3M
$44.9M
Q3 25
$-39.0M
$45.5M
Q2 25
$-7.3M
$-25.3M
Q1 25
$27.2M
$17.9M
Q4 24
$-1.8M
$48.0M
Q3 24
$1.0M
$17.7M
Q2 24
$-1.8M
$-8.4M
Q1 24
$-3.8M
$15.8M
Free Cash Flow
BKSY
BKSY
UNTY
UNTY
Q4 25
$44.3M
Q3 25
$45.3M
Q2 25
$-25.5M
Q1 25
$17.6M
Q4 24
$47.3M
Q3 24
$17.5M
Q2 24
$-8.6M
Q1 24
$15.7M
FCF Margin
BKSY
BKSY
UNTY
UNTY
Q4 25
125.7%
Q3 25
138.1%
Q2 25
-74.2%
Q1 25
59.9%
Q4 24
166.5%
Q3 24
63.3%
Q2 24
-33.7%
Q1 24
61.4%
Capex Intensity
BKSY
BKSY
UNTY
UNTY
Q4 25
1.6%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.3%
Cash Conversion
BKSY
BKSY
UNTY
UNTY
Q4 25
2.90×
Q3 25
3.16×
Q2 25
-1.54×
Q1 25
1.54×
Q4 24
4.17×
Q3 24
1.62×
Q2 24
-0.89×
Q1 24
1.64×

Financial Flow Comparison

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

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