BlackSky Technology Q2 Earnings Call: Strong Growth, International Expansion, and Challenges Ahead
ByAinvest
Wednesday, Aug 13, 2025 6:27 am ET2min read
BKSY--
Key Highlights:
1. Successful Satellite Launches: BlackSky successfully launched its second Gen-3 satellite, which began delivering very-high resolution imagery within just 12 hours of launch. The company is on track to launch six Gen-3 satellites this year, with general commercial availability anticipated in the fourth quarter.
2. International Market Expansion: The company signed multiple early access agreements for Gen-3 imagery and analytics services with international customers. This expansion is part of the AROS initiative to broaden the addressable market for multi-spectral broad area monitoring and mapping capabilities.
3. Financial Position: BlackSky reported a total revenue of $22.2 million for the second quarter, driven by imagery and software analytical services revenue of $18.0 million. The company also reported a cash balance of $94.9 million as of June 30, 2025, with pro forma cash inclusive of recent transactions exceeding $170.0 million.
4. Fundraising: BlackSky completed an upsized $185 million convertible note offering, strengthening its balance sheet and increasing liquidity. The offering paid off a senior secured note and commercial bank line.
5. Outlook: Despite near-term volatility driven by the US government budget process and timing related to some international contracts, BlackSky revised its full-year 2025 revenue guidance to between $105 million and $130 million. The company maintained its full-year 2025 guidance for capital expenditures of between $60 million and $70 million.
Concerns and Risks:
- US Government Spending Uncertainty: The company noted potential risks from near-term volatility in US government spending, which could impact its revenue and adjusted EBITDA.
- Decline in Adjusted EBITDA: Adjusted EBITDA for the second quarter of 2025 was a loss of $2.8 million, compared to an adjusted EBITDA of $2.1 million for the second quarter of 2024. The year-over-year decrease was primarily due to overhead expenses related to the recently acquired LeoStella operations and lower professional and engineering revenues.
Investor Relations:
BlackSky will host a conference call and webcast for the investment community at 8:30 a.m. EDT to discuss the second quarter results. To access the live webcast or the archived webcast, visit the Company’s investor relations website at [ir.blacksky.com](http://ir.blacksky.com) and select “News & Events” for the link to the webcast. To access the conference call, dial 1-877-589-7299 or 1-201-689-8778 at least ten minutes prior to the start of the call. The audio replay will be available from approximately 12:30 p.m. EDT on August 7, 2025, through August 21, 2025.
About BlackSky:
BlackSky is a real-time, space-based intelligence company delivering on-demand, high-frequency imagery, analytics, and monitoring services. The company's proprietary low earth orbit satellite constellation and advanced software platform enable customers to see, understand, and anticipate changes for a strategic advantage. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY.
References:
[1] https://ir.blacksky.com/news-events/press-releases/detail/188/blacksky-reports-second-quarter-2025-results
BlackSky Technology reported a positive Q2 earnings call, highlighting successful satellite launches, international market expansion, and a strong financial position. However, concerns were raised regarding US government spending uncertainty and a decline in adjusted EBITDA, which could pose potential risks despite the company's growth trajectory. The company provided forward-looking guidance, revising its full-year 2025 revenue guidance to between $105 million and $130 million.
Herndon, Va. – BlackSky Technology Inc. (NYSE: BKSY) reported its second-quarter 2025 results, highlighting significant milestones in satellite launches and international market expansion. The company's Q2 earnings call underscored a strong financial position, despite concerns over US government spending uncertainty and a decline in adjusted EBITDA.Key Highlights:
1. Successful Satellite Launches: BlackSky successfully launched its second Gen-3 satellite, which began delivering very-high resolution imagery within just 12 hours of launch. The company is on track to launch six Gen-3 satellites this year, with general commercial availability anticipated in the fourth quarter.
2. International Market Expansion: The company signed multiple early access agreements for Gen-3 imagery and analytics services with international customers. This expansion is part of the AROS initiative to broaden the addressable market for multi-spectral broad area monitoring and mapping capabilities.
3. Financial Position: BlackSky reported a total revenue of $22.2 million for the second quarter, driven by imagery and software analytical services revenue of $18.0 million. The company also reported a cash balance of $94.9 million as of June 30, 2025, with pro forma cash inclusive of recent transactions exceeding $170.0 million.
4. Fundraising: BlackSky completed an upsized $185 million convertible note offering, strengthening its balance sheet and increasing liquidity. The offering paid off a senior secured note and commercial bank line.
5. Outlook: Despite near-term volatility driven by the US government budget process and timing related to some international contracts, BlackSky revised its full-year 2025 revenue guidance to between $105 million and $130 million. The company maintained its full-year 2025 guidance for capital expenditures of between $60 million and $70 million.
Concerns and Risks:
- US Government Spending Uncertainty: The company noted potential risks from near-term volatility in US government spending, which could impact its revenue and adjusted EBITDA.
- Decline in Adjusted EBITDA: Adjusted EBITDA for the second quarter of 2025 was a loss of $2.8 million, compared to an adjusted EBITDA of $2.1 million for the second quarter of 2024. The year-over-year decrease was primarily due to overhead expenses related to the recently acquired LeoStella operations and lower professional and engineering revenues.
Investor Relations:
BlackSky will host a conference call and webcast for the investment community at 8:30 a.m. EDT to discuss the second quarter results. To access the live webcast or the archived webcast, visit the Company’s investor relations website at [ir.blacksky.com](http://ir.blacksky.com) and select “News & Events” for the link to the webcast. To access the conference call, dial 1-877-589-7299 or 1-201-689-8778 at least ten minutes prior to the start of the call. The audio replay will be available from approximately 12:30 p.m. EDT on August 7, 2025, through August 21, 2025.
About BlackSky:
BlackSky is a real-time, space-based intelligence company delivering on-demand, high-frequency imagery, analytics, and monitoring services. The company's proprietary low earth orbit satellite constellation and advanced software platform enable customers to see, understand, and anticipate changes for a strategic advantage. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY.
References:
[1] https://ir.blacksky.com/news-events/press-releases/detail/188/blacksky-reports-second-quarter-2025-results
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet