coteau ARQ.

BKSY

BlackSky Technology Inc.
$17.58
+$0.89 (5.33%) Oct 23 close
Industrials CompareTechnicals
-43%+4%+50%+97%+143%Oct 2025Oct 2026Apr 202652w high $52.8852w low $12.41
BKSYSPY
Wall St. Highest PT $50.00 (+184.4%) Wall St. Avg PT $38.42 (+118.6%)
$13$27$41$55$68POC $23Hi $50Avg $38
Underwater Drawdown %Max DD -67.7%Current -66.0%
0.0%-67.7%
Relative Strength vs SPY-34.1% vs SPYUnderperforming
+143%0%-143%
1W
+$0.26 (1.50%)
1M
−$4.67 (20.99%)
3M
−$3.99 (18.50%)
6M
−$16.25 (48.03%)
YTD
−$1.17 (6.24%)
1Y
−$5.27 (23.06%)

Chart

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Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar
Wall Street analyst consensus
SellHoldStrong Buy
Buy
8 analysts · mean score 2.17
1 = Strong Buy · 5 = Sell
Strong Buy00%
Buy583%
Hold117%
Underperform00%
Sell00%
Wall Street consensus
Analyst price targets
Current price$17.58
Average target$38.42
+$20.84 (+118.6%) upsideaverage target vs current price
CurrentAverageMedian
Low$33.00
Median$36.00
High$50.00
12-month Wall Street target range
Recent analyst rating changes · 30
Downgrade
2026-06-01 · Jefferies downgraded BKSY from Buy to Hold
Reiterated
2026-02-27 · Canaccord Genuity reiterated Buy on BKSY
Reiterated
2026-02-27 · HC Wainwright & Co. reiterated Buy on BKSY
Initiated
2025-12-22 · Jefferies started covering BKSY at Buy
Reiterated
2025-10-10 · HC Wainwright & Co. reiterated Buy on BKSY
Reiterated
2025-07-24 · Lake Street reiterated Buy on BKSY

Third-party ratings, not Coteau's views.

Health check

Financial health
DistressGrey zoneSafe
Distress zone
Altman Z-score -0.2
Above 2.99 is the safe zone, below 1.81 the distress zone.
Quality
WeakAverageStrong
Weak
Piotroski F-score 2 of 9
See the tests
  • ✗Positive net income
  • ✗Positive operating cash flow
  • ✓Return on assets improved
  • ✓Cash flow above net income
  • ✗Long-term debt / assets fell
  • ✗Current ratio improved
  • ✗No share dilution
  • ✗Gross margin improved
  • ✗Asset turnover improved

Computed by Coteau from the company's SEC filings (latest balance sheet Jun 30, 2026). Descriptive, not a forecast.

Key stats & company

Market value$719.5M
P/E (next 12 months, estimated)-48.8
52-week range$12.41 – $52.88
Revenue growth (latest quarter vs a year ago)+50.1%
Dividend yieldNo dividend
Average analyst price target$38.42 (+119%)

What they do

BlackSky Technology Inc. operates as a space-based technology company in the United States and internationally. The company offers space-based intelligence and artificial intelligence (AI) services, mission solutions, and advanced technology programs consisting of cloud computing and hosting services, direct materials to build and test specific components.

Industrials · Specialty Business Services
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
▼Piotroski F-score2/9
▼Altman Z-0.2 (distress)
▲Analyst target+119% (8 analysts)

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 2.70 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $-0.36 vs trailing $-1.77. Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$378.1M
as of 2026-06-30
vs a year ago
+6%
YoY
× TTM revenue
3.47×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
–
Operating margin
-43.4%
FCF margin
-49.7%
Net margin
-61.2%
Return on equity
-31.5%
Return on invested capital
-21.2%
Net debt / EBITDA
–
Current ratio
5.8×
Interest cover
-3.0×
Cash conversion (OCF/NI)
–
Piotroski F-score 2/9 · last two fiscal years
✗ Positive net income✗ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score -0.2 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$38
+119%
Analysts
8
None
Range
$33–$50
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$106.6M$-70.3M$-28.3M
2024$102.1M$-57.2M$-6.4M
2023$94.5M$-53.9M$-17.4M
2022$65.3M$-74.2M$-44.5M
2021$34.1M$-245.6M$-53.9M
2020$21.1M$-19.5M$-31.7M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +17.7%.

For information only · Important disclosures

Grades vs sector

No sector grades for BKSY yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Systematic Models

Not held by any of our 7 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Barbell Momentum & T-Bill Shield
Outside this model's universe or screens
Coteau Physical AI Grid & Power
Outside this model's universe or screens
Coteau Long Book
Not in the current book

Earnings & events

BKSY earningsNext report in 11 days
Next report · quarter Sep 2026
Thu Nov 5, 2026Before the open
EPS consensus-$0.15 range -$0.26–-$0.05
Revenue consensus$40.0M 9 analysts
Last 4 quarters · EPS vs estimate
Aug 6, 2026-$0.15est -$0.35+56.6%Above estimates
May 7, 2026-$0.48est -$0.39−20.8%Below estimates
Feb 26, 2026-$0.06est -$0.28+79.2%Above estimates
Nov 6, 2025-$0.43est -$0.35−20.9%Below estimates

In line = within 1% of the estimate.

Source: Yahoo Finance · report time: Nasdaq earnings calendar · refreshed 2026-10-24 22:34:03 ET
24-1125-0325-0525-0825-1126-0226-0526-08-0.700.00
EstimateActual (beat)Actual (miss)

Quarterly revenue

QuarterRevenueYoY
2026-06-30$33.3M+50.1%
2026-03-31$20.8M–
2025-12-31$35.2M–
2025-09-30$19.6M–
2025-06-30$22.2M–

News & catalysts

More news
Why Did Planet Labs Stock Fall?
Trefis · Oct 21
Rating changes
Downgrade
2026-06-01 · Jefferies downgraded BKSY from Buy to Hold
Reiterated
2026-02-27 · Canaccord Genuity reiterated Buy on BKSY
Reiterated
2026-02-27 · HC Wainwright & Co. reiterated Buy on BKSY
Initiated
2025-12-22 · Jefferies started covering BKSY at Buy
Reiterated
2025-10-10 · HC Wainwright & Co. reiterated Buy on BKSY
Reiterated
2025-07-24 · Lake Street reiterated Buy on BKSY

Third-party analyst actions, not Coteau's views. All rating changes

Insider trades
Dubois Henry Edward
Chief Financial Officer · 2026-10-20
Sell
$67.4K
Lin Christiana L
General Counsel & CAO · 2026-10-20
Sell
$101.2K
O'Toole Brian E
Director, CEO and President · 2026-10-20
Sell
$337.2K
O'Toole Brian E
Director, CEO and President · 2026-09-21
Sell
$457.6K
Dubois Henry Edward
Chief Financial Officer · 2026-09-21
Sell
$91.9K
Lin Christiana L
General Counsel & CAO · 2026-09-21
Sell
$138.6K
Lin Christiana L
General Counsel & CAO · 2026-09-11
Sell
$273.4K
Dubois Henry Edward
Chief Financial Officer · 2026-09-11
Sell
$319.0K
O'Toole Brian E
Director, CEO and President · 2026-09-11
Sell
$1.2M
O'Toole Brian E
Director, CEO and President · 2026-09-09
Sell
$436.6K
Dubois Henry Edward
Chief Financial Officer · 2026-08-28
Sell
$95.1K
None
None · None
Sell
–

Stats refreshed 2026-10-24 22:34:03 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Coteau 0.9 · Oct 21, 2026