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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
BlackSky Technology Inc. is the larger business by last-quarter revenue ($35.2M vs $26.9M, roughly 1.3× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -2.5%, a 41.7% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 15.9%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs 17.3%).
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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
BKSY vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $26.9M |
| Net Profit | $-868.0K | $10.6M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 50.0% |
| Net Margin | -2.5% | 39.2% |
| Revenue YoY | 15.9% | 16.6% |
| Net Profit YoY | 95.5% | 34.8% |
| EPS (diluted) | $0.04 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $35.2M | $24.2M | ||
| Q3 25 | $19.6M | $25.0M | ||
| Q2 25 | $22.2M | $23.8M | ||
| Q1 25 | $29.5M | $23.1M | ||
| Q4 24 | $30.4M | $20.9M | ||
| Q3 24 | $22.5M | $20.3M | ||
| Q2 24 | $24.9M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-868.0K | $7.4M | ||
| Q3 25 | $-15.3M | $9.3M | ||
| Q2 25 | $-41.2M | $8.0M | ||
| Q1 25 | $-12.8M | $7.8M | ||
| Q4 24 | $-19.4M | $7.1M | ||
| Q3 24 | $-12.6M | $6.0M | ||
| Q2 24 | $-9.4M | $5.2M |
| Q1 26 | — | 50.0% | ||
| Q4 25 | -11.8% | 39.6% | ||
| Q3 25 | -85.8% | 45.8% | ||
| Q2 25 | -62.8% | 43.4% | ||
| Q1 25 | -40.5% | 43.4% | ||
| Q4 24 | -20.0% | 30.9% | ||
| Q3 24 | -58.7% | 36.6% | ||
| Q2 24 | -47.0% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -2.5% | 30.7% | ||
| Q3 25 | -78.2% | 37.3% | ||
| Q2 25 | -185.8% | 33.5% | ||
| Q1 25 | -43.4% | 34.0% | ||
| Q4 24 | -63.9% | 34.0% | ||
| Q3 24 | -55.8% | 29.3% | ||
| Q2 24 | -37.7% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.04 | $0.44 | ||
| Q3 25 | $-0.44 | $0.55 | ||
| Q2 25 | $-1.27 | $0.47 | ||
| Q1 25 | $-0.42 | $0.46 | ||
| Q4 24 | $-0.61 | $0.41 | ||
| Q3 24 | $-0.66 | $0.35 | ||
| Q2 24 | $-0.52 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $270.7M |
| Total Assets | $386.2M | $4.0B |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $124.5M | $471.1M | ||
| Q3 25 | $146.5M | $232.9M | ||
| Q2 25 | $93.8M | $345.2M | ||
| Q1 25 | $75.8M | — | ||
| Q4 24 | $52.5M | $243.5M | ||
| Q3 24 | $63.2M | — | ||
| Q2 24 | $41.2M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | $94.9M | $266.0M | ||
| Q3 25 | $91.1M | $255.1M | ||
| Q2 25 | $86.6M | $240.9M | ||
| Q1 25 | $88.8M | $237.9M | ||
| Q4 24 | $94.0M | $227.9M | ||
| Q3 24 | $110.3M | $235.4M | ||
| Q2 24 | $76.5M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $386.2M | $4.1B | ||
| Q3 25 | $380.9M | $4.0B | ||
| Q2 25 | $310.8M | $4.1B | ||
| Q1 25 | $284.9M | $4.0B | ||
| Q4 24 | $254.1M | $4.0B | ||
| Q3 24 | $245.5M | $4.0B | ||
| Q2 24 | $224.3M | $4.0B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $12.9M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 46.0% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-9.3M | $46.5M | ||
| Q3 25 | $-39.0M | $11.4M | ||
| Q2 25 | $-7.3M | $13.5M | ||
| Q1 25 | $27.2M | $9.7M | ||
| Q4 24 | $-1.8M | $39.8M | ||
| Q3 24 | $1.0M | $12.9M | ||
| Q2 24 | $-1.8M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | — | $7.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 65.6% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 125.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
