Although growth in 2025 was slowed by a decline in U.S. Government spending, strong international demand for BlackSky's Gen3 services will accelerate revenue growth in 2026.
BlackSky's liquidity has never been stronger. It ended 3Q:25 with cash and equivalents of $147.6 million and total liquidity of more than $200 million, enough in our view, to fund the completion of its Gen3 network.
