BlackSky Technology annual free cash flow
2020
2021
2022
2023
2024
2025
BlackSky Technology Free Cash Flow (FCF) History (BKSY)
BlackSky Technology reported −$44.5M in free cash flow for fiscal 2025, a decrease of $22.5M from the previous fiscal year, with a free cash flow margin of −41.78%.
View full BlackSky Technology company overviewBlackSky Technology free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$44.5M | −$22.5M | — | −41.78% |
| 2024 | 2024-12-31 | −$22.1M | $10.6M | — | −21.61% |
| 2023 | 2023-12-31 | −$32.7M | $23.4M | — | −34.60% |
| 2022 | 2022-12-31 | −$56.1M | −$995,000 | — | −85.90% |
| 2021 | 2021-12-31 | −$55.1M | −$23.2M | — | −161.77% |
| 2020 | 2020-12-31 | −$32.0M | — | — | −151.19% |
BlackSky Technology quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$6.9M | $4.0M | — | −20.85% |
| Q1 2026 | 2026-03-31 | −$6.2M | −$29.0M | — | −29.95% |
| Q4 2025 | 2025-12-31 | −$13.6M | −$8.4M | — | −38.54% |
| Q3 2025 | 2025-09-30 | −$42.8M | −$38.1M | — | −218.27% |
| Q2 2025 | 2025-06-30 | −$10.9M | −$5.8M | — | −49.15% |
| Q1 2025 | 2025-03-31 | $22.8M | $29.9M | — | +77.11% |
| Q4 2024 | 2024-12-31 | −$5.2M | −$605,000 | — | −17.14% |
| Q3 2024 | 2024-09-30 | −$4.7M | −$655,000 | — | −20.75% |
| Q2 2024 | 2024-06-30 | −$5.1M | −$476,000 | — | −20.33% |
| Q1 2024 | 2024-03-31 | −$7.1M | $12.4M | — | −29.32% |
| Q4 2023 | 2023-12-31 | −$4.6M | $3.2M | — | −12.96% |
| Q3 2023 | 2023-09-30 | −$4.0M | $11.2M | — | −18.92% |
| Q2 2023 | 2023-06-30 | −$4.6M | $13.9M | — | −23.78% |
| Q1 2023 | 2023-03-31 | −$19.5M | −$4.9M | — | −105.87% |
| Q4 2022 | 2022-12-31 | −$7.8M | $8.1M | — | −40.17% |
| Q3 2022 | 2022-09-30 | −$15.3M | $2.7M | — | −90.09% |
| Q2 2022 | 2022-06-30 | −$18.5M | −$7.8M | — | −122.34% |
| Q1 2022 | 2022-03-31 | −$14.6M | −$4.0M | — | −105.08% |
| Q4 2021 | 2021-12-31 | −$15.9M | — | — | −138.08% |
| Q3 2021 | 2021-09-30 | −$18.0M | — | — | −226.22% |
| Q2 2021 | 2021-06-30 | −$10.7M | — | — | −145.54% |
| Q1 2021 | 2021-03-31 | −$10.6M | — | — | −145.32% |
BlackSky Technology free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$32.0M to −$44.5M, a net decrease of $12.6M. BlackSky Technology's latest reported quarter, Q2 2026, generated −$6.9M in free cash flow, an increase of $4.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review BlackSky Technology filings at SEC.gov ↗