BlackSky Technology Inc-A 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 o BLACKSKY TECHNOLOGY INC. Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90days.YesýNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesýNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesoNoý As of November3, 2025, there were35,992,596shares of the registrant’s Class A common stock, at $0.0001 par value, outstanding. TABLE OF CONTENTS SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains, and our officers and representatives may from time to time make, forward-lookingstatements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of theSecurities Exchange Act of 1934, as amended (the “Exchange Act”), which statements involve substantial risks and uncertainties. Allstatements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding ourfuture results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “plan,” “intend,” “could,”“would,” “expect” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-lookingstatements. Forward-looking statements included in this Quarterly Report on Form 10-Q include, but are not limited to, statementsregarding: •our ability to expand our services and offerings to customers both domestically and internationally;•our ability to expand within our current customer base;•our expectations about market trends and needs;•the performance and capabilities of our next generation satellites (“Gen-3”) and related ground systems;•our ability to add new satellites and sensors to our commercial operations;•our ability to compete with legacy satellite imaging providers and other emergent geospatial intelligence providers;•our ability to expand our product capabilities;•our ability to effectively integrate BlackSky Satellite Systems LLC’s operations into our business and improve control over theGen-3 satellite supply chain and production operations;•the performance of our BlackSky Spectra® software platform;•our ability to invest in our software, research and development capabilities;•our ability to integrate proprietary and third-party sensor data;•our ability to continue delivering data in a cost-effective manner;•our ability to comply with laws and regulations applicable to our business;•potential effects of the government shutdown and the federal government appropriations process;•our ability to maintain and protect our brand;•our ability to retain or recruit key employees;•our ability to maintain intellectual property protection for our products or avoid or defend claims of infringement;•our anticipated capital expenditures, liquidity, and our estimates regarding our capital requirements;•our estimates of market growth, future revenue, expenses, cash flows, capital requirements and additional financing;•our ability to manage the timing of capital expenditures to allow for additional flexibility to optimize our long-term liquidityrequirements;•our ability to optimize our cash spend to meet short- and long-term operational needs;•the volatility of the trading price of our Class A common stock;•the impact of local, regional, national and international economic conditio