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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Vistance Networks, Inc. (VISN). Click either name above to swap in a different company.

BlackSky Technology Inc. runs the higher net margin — -2.5% vs -61.8%, a 59.4% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs -486.8%). Over the past eight quarters, Vistance Networks, Inc.'s revenue compounded faster (NaN% CAGR vs NaN%).

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.

BKSY vs VISN — Head-to-Head

Bigger by revenue
BKSY
BKSY
-0.0× larger
BKSY
$35.2M
$-2.2B
VISN
Growing faster (revenue YoY)
BKSY
BKSY
+502.8% gap
BKSY
15.9%
-486.8%
VISN
Higher net margin
BKSY
BKSY
59.4% more per $
BKSY
-2.5%
-61.8%
VISN
Faster 2-yr revenue CAGR
VISN
VISN
Annualised
VISN
NaN%
20.5%
BKSY

Income Statement — Q4 2025 vs Q4 2025

Metric
BKSY
BKSY
VISN
VISN
Revenue
$35.2M
$-2.2B
Net Profit
$-868.0K
$1.4B
Gross Margin
Operating Margin
-11.8%
Net Margin
-2.5%
-61.8%
Revenue YoY
15.9%
-486.8%
Net Profit YoY
95.5%
4109.0%
EPS (diluted)
$0.04
$6.30

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
VISN
VISN
Q4 25
$35.2M
$-2.2B
Q3 25
$19.6M
$1.6B
Q2 25
$22.2M
$1.4B
Q1 25
$29.5M
$1.1B
Q4 24
$30.4M
$568.3M
Q3 24
$22.5M
$1.1B
Q2 24
$24.9M
$1.4B
Q1 24
$24.2M
$1.2B
Net Profit
BKSY
BKSY
VISN
VISN
Q4 25
$-868.0K
$1.4B
Q3 25
$-15.3M
$108.4M
Q2 25
$-41.2M
$31.8M
Q1 25
$-12.8M
$784.0M
Q4 24
$-19.4M
$32.3M
Q3 24
$-12.6M
$-33.0M
Q2 24
$-9.4M
$44.4M
Q1 24
$-15.8M
$-359.2M
Gross Margin
BKSY
BKSY
VISN
VISN
Q4 25
Q3 25
41.0%
Q2 25
42.6%
Q1 25
42.1%
Q4 24
33.8%
Q3 24
40.2%
Q2 24
39.5%
Q1 24
34.4%
Operating Margin
BKSY
BKSY
VISN
VISN
Q4 25
-11.8%
Q3 25
-85.8%
18.5%
Q2 25
-62.8%
17.0%
Q1 25
-40.5%
12.0%
Q4 24
-20.0%
-7.3%
Q3 24
-58.7%
9.4%
Q2 24
-47.0%
13.9%
Q1 24
-54.7%
0.2%
Net Margin
BKSY
BKSY
VISN
VISN
Q4 25
-2.5%
-61.8%
Q3 25
-78.2%
6.7%
Q2 25
-185.8%
2.3%
Q1 25
-43.4%
70.5%
Q4 24
-63.9%
5.7%
Q3 24
-55.8%
-3.0%
Q2 24
-37.7%
3.2%
Q1 24
-65.2%
-30.7%
EPS (diluted)
BKSY
BKSY
VISN
VISN
Q4 25
$0.04
$6.30
Q3 25
$-0.44
$0.39
Q2 25
$-1.27
$0.06
Q1 25
$-0.42
$2.88
Q4 24
$-0.61
$0.09
Q3 24
$-0.66
$-0.23
Q2 24
$-0.52
$0.13
Q1 24
$-0.88
$-1.77

Balance Sheet & Financial Strength

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

Metric
BKSY
BKSY
VISN
VISN
Cash + ST InvestmentsLiquidity on hand
$124.5M
$754.4M
Total DebtLower is stronger
$201.1M
Stockholders' EquityBook value
$94.9M
$-1.0B
Total Assets
$386.2M
$9.4B
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKSY
BKSY
VISN
VISN
Q4 25
$124.5M
$754.4M
Q3 25
$146.5M
$705.3M
Q2 25
$93.8M
$571.1M
Q1 25
$75.8M
$493.3M
Q4 24
$52.5M
$564.9M
Q3 24
$63.2M
$392.1M
Q2 24
$41.2M
$345.9M
Q1 24
$35.4M
$357.2M
Total Debt
BKSY
BKSY
VISN
VISN
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
VISN
VISN
Q4 25
$94.9M
$-1.0B
Q3 25
$91.1M
$-2.3B
Q2 25
$86.6M
$-2.4B
Q1 25
$88.8M
$-2.5B
Q4 24
$94.0M
$-3.5B
Q3 24
$110.3M
$-3.3B
Q2 24
$76.5M
$-3.3B
Q1 24
$81.7M
$-3.3B
Total Assets
BKSY
BKSY
VISN
VISN
Q4 25
$386.2M
$9.4B
Q3 25
$380.9M
$7.9B
Q2 25
$310.8M
$7.7B
Q1 25
$284.9M
$7.5B
Q4 24
$254.1M
$8.7B
Q3 24
$245.5M
$8.8B
Q2 24
$224.3M
$8.8B
Q1 24
$210.1M
$8.7B
Debt / Equity
BKSY
BKSY
VISN
VISN
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
VISN
VISN
Operating Cash FlowLast quarter
$-9.3M
$281.3M
Free Cash FlowOCF − Capex
$255.5M
FCF MarginFCF / Revenue
-11.6%
Capex IntensityCapex / Revenue
-1.2%
Cash ConversionOCF / Net Profit
0.21×
TTM Free Cash FlowTrailing 4 quarters
$252.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKSY
BKSY
VISN
VISN
Q4 25
$-9.3M
$281.3M
Q3 25
$-39.0M
$151.4M
Q2 25
$-7.3M
$77.1M
Q1 25
$27.2M
$-186.9M
Q4 24
$-1.8M
$277.9M
Q3 24
$1.0M
$122.1M
Q2 24
$-1.8M
$50.8M
Q1 24
$-3.8M
$-177.7M
Free Cash Flow
BKSY
BKSY
VISN
VISN
Q4 25
$255.5M
Q3 25
$135.0M
Q2 25
$64.5M
Q1 25
$-202.4M
Q4 24
$270.6M
Q3 24
$115.4M
Q2 24
$45.5M
Q1 24
$-183.7M
FCF Margin
BKSY
BKSY
VISN
VISN
Q4 25
-11.6%
Q3 25
8.3%
Q2 25
4.6%
Q1 25
-18.2%
Q4 24
47.6%
Q3 24
10.7%
Q2 24
3.3%
Q1 24
-15.7%
Capex Intensity
BKSY
BKSY
VISN
VISN
Q4 25
-1.2%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
1.3%
Q3 24
0.6%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
BKSY
BKSY
VISN
VISN
Q4 25
0.21×
Q3 25
1.40×
Q2 25
2.42×
Q1 25
-0.24×
Q4 24
8.60×
Q3 24
Q2 24
1.14×
Q1 24

Financial Flow Comparison

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

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