BlackSky is a leading provider of real-time geospatial intelligence, operating its own constellation of Earth observation satellites in low Earth orbit. The company delivers on-demand, high-frequency imagery, monitoring, and analytics of critical locations and events using its AI-powered Spectra platform. BlackSky serves government organizations and commercial enterprises, providing them with timely insights and data for strategic decision-making.
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BlackSky will have a total of 17 Electron launches after the additional four-launch contract with Rocket Lab.
BlackSky’s net loss increased to $70.3 million in 2025 from $57.2 million in 2024.
BlackSky expects 2026 revenue to be between $120 million and $145 million, which implies 24% growth at the midpoint.
BlackSky’s 2025 revenue of $106.6 million landed at the low end of the company’s mid-year adjusted guidance after the company reduced its growth forecast.
BlackSky's next Gen-3 satellite is at the launch site and is scheduled to launch in the coming weeks.
Rocket Lab contracted an additional four Electron launches for BlackSky.
BlackSky originally expected 2025 revenue to be between $125 million and $142 million before adjusting guidance.
BlackSky’s revenue growth rate slipped for a second consecutive year, following 8% growth in 2024 and 45% growth in 2023.
BlackSky posted $106.6 million in full-year revenue in 2025, a 4.4% year-over-year increase from 2024.
BlackSky’s backlog grew to $345 million in 2025, a 32% year-over-year increase driven by $240 million in contract bookings.
BlackSky projects that strong backlog visibility, continued Gen3 satellite deployments, and a growing sales pipeline will drive 2026 revenue conversion and capacity increases.
BlackSky announced a new eight-figure, multi-year contract with an international customer in 2025.
BlackSky Technology recorded more than $60 million in new contract awards during the current fiscal period.
The Gen-3 satellite hardware in the February 17 BlackSky agreement is manufactured, and the customer will utilize BlackSky’s Assured services for uncontested tasking priority over the existing constellation.
BlackSky’s Gen-3 satellites provide 35-centimeter imaging and onboard AI-enabled analytics capabilities.
The February 17 agreement includes the sale of a single high-resolution BlackSky Gen-3 satellite capable of 35-centimeter imagery and multi-year on-orbit operations.
BlackSky Technology signed an eight-figure international contract on February 17 to provide a dedicated sovereign space-based intelligence solution to a global defense customer.
BlackSky’s hybrid commercial–sovereign approach enables sovereign nations to achieve national on-orbit capabilities in months rather than years.
Brian O’Toole is the CEO of BlackSky.
BlackSky was awarded an eight-figure international contract for accelerated delivery of a Gen-3 sovereign space-based intelligence solution.