BlackSky Technology (BKSY) Balance Sheet: Assets & Liabilities

BlackSky Technology (BKSY) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), BlackSky Technology reported total assets of $386.25M and total liabilities of $291.37M. Shareholders' equity was $94.88M, up 0.9% from $93.99M a year earlier. Total debt stood at $201.12M against $124.45M in cash and short-term investments, a net debt position of $76.67M. That puts debt-to-equity at 2.12, compared with 1.15 a year earlier.

BlackSky Technology Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for BlackSky Technology Inc. (BKSY) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Current Assets
Cash and Cash Equivalents	42.45	13.06	32.82	34.18	165.59	5.10	31.72
Short-Term Investments	82.01	39.41	19.70	37.98	0.00	0.00	0.00
Cash & Short-Term Investments	124.45	52.46	52.51	72.16	165.59	5.10	31.72
Accounts Receivable	34.14	14.70	7.07	3.11	2.63	6.70	4.33
Inventory	6.18	6.04	0.00	0.00	0.00	0.00	0.00
Other Current Assets	42.03	4.36	19.75	4.71	10.46	6.44	29.82
Total Current Assets	206.80	106.74	79.33	88.53	178.68	18.24	65.86
Non-Current Assets
Property, Plant & Equipment (Net)	82.46	130.24	68.75	126.12	70.55	83.52	10.97
Long-Term Investments	0.00	0.00	0.00	5.29	4.00	3.28	4.23
Goodwill	10.28	10.26	9.39	9.39	9.39	9.39	9.39
Intangible Assets	4.42	5.45	1.36	1.92	2.48	3.83	5.18
Other Non-Current Assets	82.30	1.46	65.24	2.84	40.66	1.66	67.73
Total Non-Current Assets	179.45	147.41	144.74	145.56	127.09	101.68	97.50
Total Assets	386.25	254.15	224.07	234.09	305.76	119.92	163.36
Current Liabilities
Accounts Payable	14.95	8.24	11.57	2.42	10.84	4.18	3.01
Short-Term Debt	7.94	1.93	1.24	0.53	0.10	16.79	41.29
Current Portion of Long-Term Debt	7.94	1.93	-	-	-	16.74	-
Accrued Liabilities	20.24	12.56	9.80	13.12	9.11	3.79	-
Deferred Revenue	20.52	2.18	3.67	6.78	11.27	14.54	0.00
Other Current Liabilities	16.06	0.34	12.25	0.26	8.43	19.94	56.00
Total Current Liabilities	59.46	26.02	27.49	26.93	30.54	55.44	100.30
Non-Current Liabilities
Long-Term Debt	193.18	105.74	83.50	76.22	71.41	84.87	78.82
Other Non-Current Liabilities	31.15	2.39	16.87	0.83	24.20	9.86	2.54
Total Non-Current Liabilities	231.91	134.14	103.42	85.29	95.61	97.29	81.36
Total Liabilities	291.37	160.16	130.91	112.22	126.14	152.73	181.66
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.01	0.01	0.00	0.00
Retained Earnings	-726.45	-656.19	-598.97	-545.11	-470.91	-223.98	-203.80
Additional Paid-in Capital	821.32	750.17	692.13	666.97	650.52	191.17	14.18
Shares Outstanding	35.93	30.66	17.85	14.65	14.31	-	-
Total Stockholders' Equity	94.88	93.99	93.16	121.87	179.62	-32.81	-18.30
Total Liabilities & Equity	387.29	254.15	224.07	234.09	305.76	119.92	163.36

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About BlackSky Technology Balance Sheet

How much debt does BlackSky Technology have?

BlackSky Technology had total debt of $201.12M as of Dec 31, 2025, against $124.45M in cash and short-term investments. Its debt-to-equity ratio was 2.12. Total debt was $107.66M a year earlier.

What are BlackSky Technology's total assets?

BlackSky Technology reported total assets of $386.25M as of Dec 31, 2025, up 52.0% from $254.15M a year earlier. Total liabilities were $291.37M.

What is BlackSky Technology's shareholders' equity?

BlackSky Technology's shareholders' equity was $94.88M as of Dec 31, 2025, or about $2.64 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition