8-KCurrent report
Results of operations
✓ VerifiedBlackSky reported Q2 2026 total revenue of $33.3 million, up 50% year over year, with Adjusted EBITDA of $4.7 million and a net loss of $20.8 million.
Filed Aug 6, 2026 · 07:05 ET
Summary
- Total revenue for the second quarter of 2026 was $33.3 million, compared to $22.2 million in the second quarter of 2025, a year-over-year increase of $11.1 million, or 50%.
- Space-based intelligence and AI services revenue reached a record $24,507 thousand, up from $17,982 thousand in the prior year quarter.
- Net loss was $20.8 million, compared to a net loss of $41.2 million in the second quarter of 2025, with the improvement driven primarily by changes in gain/(loss) on derivatives.
- Adjusted EBITDA was $4.7 million, a 14.2% margin on $33.3 million in revenue, up $7.5 million year over year.
- The Company raised $150 million from the issuance of 3.6 million shares under its at-the-market equity program, ending the quarter with $244.1 million in cash, restricted cash, and short-term investments.
- BlackSky reaffirmed full year 2026 guidance of revenue between $130 million and $150 million, Adjusted EBITDA between $12 million and $24 million, and capital expenditures between $50 million and $60 million.
Key facts
- Total revenue Q2 2026
- $33.3 million
From the filing for Total revenue Q2 2026
“Total revenue for the second quarter of 2026 was $33.3 million, compared to $22.2 million in the second quarter of 2025.”
- Revenue growth
- $11.1 million, or 50%
From the filing for Revenue growth
“The year-over-year increase of $11.1 million, or 50%, was primarily driven by record space-based intelligence and AI services revenue”
- Net loss
- $20.8 million
From the filing for Net loss
“Net loss for the second quarter of 2026 was $20.8 million, compared to a net loss of $41.2 million for the second quarter of 2025.”
- Adjusted EBITDA
- $4.7 million, a 14.2% margin
From the filing for Adjusted EBITDA
“Adjusted EBITDA for the second quarter of 2026 was $4.7 million, a 14.2% margin on $33.3 million in revenue.”
- Cash position
- $244.1 million
From the filing for Cash position
“As of June 30, 2026, cash and cash equivalents, restricted cash, and short-term investments totaled $244.1 million.”
- ATM raise
- $150 million from the issuance of 3.6 million shares
From the filing for ATM raise
“During the quarter, the Company raised $150 million from the issuance of 3.6 million shares under the Company's at-the-market equity program.”
- Capital expenditures
- 15.4 million
From the filing for Capital expenditures
“Capital expenditures for the second quarter of 2026 were 15.4 million.”
- 2026 revenue outlook
- $130 million and $150 million
From the filing for 2026 revenue outlook
“The Company expects full year revenue between $130 million and $150 million, Adjusted EBITDA between $12 million and $24 million, and capital expenditures between $50 million and $60 million.”
Why it mattersThe results disclose BlackSky's Q2 2026 revenue growth driven by Gen-3 adoption and a strengthened balance sheet from a $150 million equity raise. The company reaffirmed full-year guidance and set its next two Gen-3 satellite launches for the third quarter.
- Filed
- Aug 6, 2026
- Accepted
- 2026-08-06 11:05Z
- Period
- Aug 6, 2026
- Accession no.
- 0001753539-26-000118
- Size
- 449 KB
- Index
- Filing index