BlackSky published its annual report (Form 10-K) for FY 2025. FY 2025 total revenue rose 4.4% to USD 106.58 million, as mission solutions revenue increased to USD 21.21 million on execution of a contract to deliver a customized Earth observation satellite to a new customer. FY 2025 space-based intelligence and AI services revenue fell 7.1% to USD 65.12 million, driven by reduced imagery revenue from a U.S. government contract with the National Reconnaissance Office. FY 2025 net loss was USD 70.26 million and operating loss was USD 46.9 million. FY 2025 adjusted EBITDA was USD 0.9 million, down 92.3%.
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