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BlackSky's Revenue Misses Expectations Amid NRO Cuts

11/8/2025

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Summary

Story summary

BlackSky Technology reported third-quarter revenue of $19.6 million, missing expectations as U.S. intelligence contracts declined due to National Reconnaissance Office (NRO) procurement cuts.
Despite domestic challenges, international sales now account for half of revenue due to Gen-3 satellites.
BlackSky secured over $60 million in new contracts, lifting backlog to $322.7 million, primarily from international clients.
The company maintains 2025 revenue guidance of $105–$130 million, forecasting stronger Q4 performance.

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Story summary

BlackSky Technology reported third-quarter revenue of $19.6 million, missing expectations as U.S. intelligence contracts declined due to National Reconnaissance Office (NRO) procurement cuts.
Despite domestic challenges, international sales now account for half of revenue due to Gen-3 satellites.
BlackSky secured over $60 million in new contracts, lifting backlog to $322.7 million, primarily from international clients.
The company maintains 2025 revenue guidance of $105–$130 million, forecasting stronger Q4 performance.