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BlackSky Technology Inc.（BKSY）与Unusual Machines, Inc.（UMAC）财务数据对比。点击上方公司名可切换其他公司
BlackSky Technology Inc.的季度营收约是Unusual Machines, Inc.的7.2倍（$35.2M vs $4.9M）。BlackSky Technology Inc.净利率更高（-2.5% vs -215.7%，领先213.2%）。Unusual Machines, Inc.同比增速更快（144.4% vs 15.9%）。过去两年Unusual Machines, Inc.的营收复合增速更高（181.3% vs 20.5%）
BlackSky Technology Inc.是一家领先的地理空间情报服务商，运营高重访率小型地球观测卫星星座，为全球政府、国防、关键基础设施及商业客户提供实时卫星影像、高级数据分析与动态监测解决方案，助力各类场景下的运营决策。
该公司是一家美国人工智能初创企业，由OpenAI前首席技术官米拉·穆拉蒂创立于2025年2月，总部位于旧金山，为公益企业架构。截至同年7月，该公司已完成由a16z领投的早期融资，英伟达、AMD、思科、简街等投资方共计出资20亿美元，公司整体估值达120亿美元。
BKSY vs UMAC — 直观对比
营收规模更大
BKSY
是对方的7.2倍
$4.9M
营收增速更快
UMAC
高出128.5%
15.9%
净利率更高
BKSY
高出213.2%
-215.7%
两年增速更快
UMAC
近两年复合增速
20.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $35.2M | $4.9M |
| 净利润 | $-868.0K | $-10.6M |
| 毛利率 | — | 36.2% |
| 营业利润率 | -11.8% | -198.7% |
| 净利率 | -2.5% | -215.7% |
| 营收同比 | 15.9% | 144.4% |
| 净利润同比 | 95.5% | 61.0% |
| 每股收益（稀释后） | $0.04 | $-0.26 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BKSYUMAC
| Q4 25 | $35.2M | $4.9M | ||
| Q3 25 | $19.6M | $2.1M | ||
| Q2 25 | $22.2M | $2.1M | ||
| Q1 25 | $29.5M | $2.0M | ||
| Q4 24 | $30.4M | $2.0M | ||
| Q3 24 | $22.5M | $1.5M | ||
| Q2 24 | $24.9M | $1.4M | ||
| Q1 24 | $24.2M | $618.9K |
净利润BKSYUMAC
| Q4 25 | $-868.0K | $-10.6M | ||
| Q3 25 | $-15.3M | $1.6M | ||
| Q2 25 | $-41.2M | $-7.0M | ||
| Q1 25 | $-12.8M | $-3.3M | ||
| Q4 24 | $-19.4M | $-27.1M | ||
| Q3 24 | $-12.6M | $-2.1M | ||
| Q2 24 | $-9.4M | $-1.6M | ||
| Q1 24 | $-15.8M | $-1.1M |
毛利率BKSYUMAC
| Q4 25 | — | 36.2% | ||
| Q3 25 | — | 39.4% | ||
| Q2 25 | — | 37.4% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 26.1% | ||
| Q2 24 | — | 27.5% | ||
| Q1 24 | — | 33.0% |
营业利润率BKSYUMAC
| Q4 25 | -11.8% | -198.7% | ||
| Q3 25 | -85.8% | -232.4% | ||
| Q2 25 | -62.8% | -338.5% | ||
| Q1 25 | -40.5% | -160.0% | ||
| Q4 24 | -20.0% | -642.3% | ||
| Q3 24 | -58.7% | -95.4% | ||
| Q2 24 | -47.0% | -111.4% | ||
| Q1 24 | -54.7% | -175.5% |
净利率BKSYUMAC
| Q4 25 | -2.5% | -215.7% | ||
| Q3 25 | -78.2% | 75.1% | ||
| Q2 25 | -185.8% | -327.9% | ||
| Q1 25 | -43.4% | -159.9% | ||
| Q4 24 | -63.9% | -1353.2% | ||
| Q3 24 | -55.8% | -140.0% | ||
| Q2 24 | -37.7% | -114.3% | ||
| Q1 24 | -65.2% | -178.7% |
每股收益（稀释后）BKSYUMAC
| Q4 25 | $0.04 | $-0.26 | ||
| Q3 25 | $-0.44 | $0.05 | ||
| Q2 25 | $-1.27 | $-0.32 | ||
| Q1 25 | $-0.42 | $-0.21 | ||
| Q4 24 | $-0.61 | $-3.20 | ||
| Q3 24 | $-0.66 | $-0.30 | ||
| Q2 24 | $-0.52 | $-0.16 | ||
| Q1 24 | $-0.88 | $-0.18 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $124.5M | $142.5M |
| 总债务越低越好 | $201.1M | — |
| 股东权益账面价值 | $94.9M | $174.9M |
| 总资产 | $386.2M | $182.7M |
| 负债/权益比越低杠杆越低 | 2.12× | — |
8季度趋势，按日历期对齐
现金及短期投资BKSYUMAC
| Q4 25 | $124.5M | $142.5M | ||
| Q3 25 | $146.5M | $81.1M | ||
| Q2 25 | $93.8M | $38.9M | ||
| Q1 25 | $75.8M | $5.0M | ||
| Q4 24 | $52.5M | $3.8M | ||
| Q3 24 | $63.2M | $1.7M | ||
| Q2 24 | $41.2M | $2.2M | ||
| Q1 24 | $35.4M | $3.2M |
总债务BKSYUMAC
| 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 | — |
股东权益BKSYUMAC
| Q4 25 | $94.9M | $174.9M | ||
| Q3 25 | $91.1M | $106.0M | ||
| Q2 25 | $86.6M | $51.3M | ||
| Q1 25 | $88.8M | $15.9M | ||
| Q4 24 | $94.0M | $14.8M | ||
| Q3 24 | $110.3M | $19.2M | ||
| Q2 24 | $76.5M | $20.0M | ||
| Q1 24 | $81.7M | $21.2M |
总资产BKSYUMAC
| Q4 25 | $386.2M | $182.7M | ||
| Q3 25 | $380.9M | $113.1M | ||
| Q2 25 | $310.8M | $52.4M | ||
| Q1 25 | $284.9M | $17.3M | ||
| Q4 24 | $254.1M | $16.1M | ||
| Q3 24 | $245.5M | $24.5M | ||
| Q2 24 | $224.3M | $25.2M | ||
| Q1 24 | $210.1M | $24.2M |
负债/权益比BKSYUMAC
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-9.3M | $-9.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BKSYUMAC
| Q4 25 | $-9.3M | $-9.8M | ||
| Q3 25 | $-39.0M | $-7.5M | ||
| Q2 25 | $-7.3M | $-2.7M | ||
| Q1 25 | $27.2M | $-1.2M | ||
| Q4 24 | $-1.8M | $-1.3M | ||
| Q3 24 | $1.0M | $-536.7K | ||
| Q2 24 | $-1.8M | $-986.2K | ||
| Q1 24 | $-3.8M | $-1.2M |
自由现金流BKSYUMAC
| Q4 25 | — | — | ||
| Q3 25 | — | $-8.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BKSYUMAC
| Q4 25 | — | — | ||
| Q3 25 | — | -413.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BKSYUMAC
| Q4 25 | — | — | ||
| Q3 25 | — | 60.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BKSYUMAC
| Q4 25 | — | — | ||
| Q3 25 | — | -4.70× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
