BlackSky reports record Q3 2026 revenue and raises full‑year guidance
BlackSky Technology announced that Q3 2026 revenue more than doubled year‑over‑year, reaching roughly $43 million, and that adjusted EBITDA margin expanded to 30%. The company also disclosed a $1 billion international AI‑in‑space initiative contract and a cash balance of $231 million, and it raised its full‑year revenue and EBITDA forecasts. Management warned that Q4 revenue may be flat to $10 million sequentially because of satellite delivery timing.
Why it matters
The raised full‑year revenue and EBITDA guidance suggests higher earnings potential for the rest of 2026 and into 2027. A strong cash position and a $355 million backlog provide financial flexibility and support future growth.
Key facts
- 1Adjusted EBITDA margin for the quarter was 30%, more than twice the margin in Q2. finance.yahoo.com
- 2The company achieved an annual run‑rate of over $100 million for its space‑based intelligence and AI services. finance.yahoo.com
- 3BlackSky was selected as the exclusive provider for a $1 billion international AI‑in‑space initiative. finance.yahoo.com
- 4Cash and cash equivalents stood at $231 million at quarter end. finance.yahoo.com
- 5Backlog was reported at $355 million, with $45 million expected in Q4 2026. tradingview.com
- 6Management expects Q4 revenue to be flat to $10 million sequentially, citing satellite delivery timing. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.