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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $19.1M, roughly 1.8× Americas Gold & Silver Corp). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -82.3%, a 79.9% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -28.0%).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

BKSY vs USAS — Head-to-Head

Bigger by revenue
BKSY
BKSY
1.8× larger
BKSY
$35.2M
$19.1M
USAS
Growing faster (revenue YoY)
BKSY
BKSY
+44.0% gap
BKSY
15.9%
-28.0%
USAS
Higher net margin
BKSY
BKSY
79.9% more per $
BKSY
-2.5%
-82.3%
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BKSY
BKSY
USAS
USAS
Revenue
$35.2M
$19.1M
Net Profit
$-868.0K
$-15.7M
Gross Margin
34.2%
Operating Margin
-11.8%
Net Margin
-2.5%
-82.3%
Revenue YoY
15.9%
-28.0%
Net Profit YoY
95.5%
2.8%
EPS (diluted)
$0.04

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
USAS
USAS
Q4 25
$35.2M
Q3 25
$19.6M
$19.1M
Q2 25
$22.2M
Q1 25
$29.5M
Q4 24
$30.4M
Q3 24
$22.5M
$26.5M
Q2 24
$24.9M
Q1 24
$24.2M
Net Profit
BKSY
BKSY
USAS
USAS
Q4 25
$-868.0K
Q3 25
$-15.3M
$-15.7M
Q2 25
$-41.2M
Q1 25
$-12.8M
Q4 24
$-19.4M
Q3 24
$-12.6M
$-16.2M
Q2 24
$-9.4M
Q1 24
$-15.8M
Gross Margin
BKSY
BKSY
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
BKSY
BKSY
USAS
USAS
Q4 25
-11.8%
Q3 25
-85.8%
Q2 25
-62.8%
Q1 25
-40.5%
Q4 24
-20.0%
Q3 24
-58.7%
Q2 24
-47.0%
Q1 24
-54.7%
Net Margin
BKSY
BKSY
USAS
USAS
Q4 25
-2.5%
Q3 25
-78.2%
-82.3%
Q2 25
-185.8%
Q1 25
-43.4%
Q4 24
-63.9%
Q3 24
-55.8%
-60.9%
Q2 24
-37.7%
Q1 24
-65.2%
EPS (diluted)
BKSY
BKSY
USAS
USAS
Q4 25
$0.04
Q3 25
$-0.44
Q2 25
$-1.27
Q1 25
$-0.42
Q4 24
$-0.61
Q3 24
$-0.66
Q2 24
$-0.52
Q1 24
$-0.88

Balance Sheet & Financial Strength

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

Metric
BKSY
BKSY
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$124.5M
$39.1M
Total DebtLower is stronger
$201.1M
Stockholders' EquityBook value
$94.9M
$50.2M
Total Assets
$386.2M
$234.7M
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
USAS
USAS
Q4 25
$124.5M
Q3 25
$146.5M
$39.1M
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
USAS
USAS
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
USAS
USAS
Q4 25
$94.9M
Q3 25
$91.1M
$50.2M
Q2 25
$86.6M
Q1 25
$88.8M
Q4 24
$94.0M
Q3 24
$110.3M
$53.1M
Q2 24
$76.5M
Q1 24
$81.7M
Total Assets
BKSY
BKSY
USAS
USAS
Q4 25
$386.2M
Q3 25
$380.9M
$234.7M
Q2 25
$310.8M
Q1 25
$284.9M
Q4 24
$254.1M
Q3 24
$245.5M
Q2 24
$224.3M
Q1 24
$210.1M
Debt / Equity
BKSY
BKSY
USAS
USAS
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
USAS
USAS
Operating Cash FlowLast quarter
$-9.3M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
USAS
USAS
Q4 25
$-9.3M
Q3 25
$-39.0M
$-12.5M
Q2 25
$-7.3M
Q1 25
$27.2M
Q4 24
$-1.8M
Q3 24
$1.0M
$2.4M
Q2 24
$-1.8M
Q1 24
$-3.8M
Free Cash Flow
BKSY
BKSY
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
Q4 24
Q3 24
$-11.2M
Q2 24
Q1 24
FCF Margin
BKSY
BKSY
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
Q4 24
Q3 24
-42.2%
Q2 24
Q1 24
Capex Intensity
BKSY
BKSY
USAS
USAS
Q4 25
Q3 25
150.8%
Q2 25
Q1 25
Q4 24
Q3 24
51.2%
Q2 24
Q1 24

Financial Flow Comparison

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

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