BlackSky (BKSY) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 11:25 AM CDT 39 min read

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Date

May 7, 2026 8:30 a.m. ET

Call participants

• Chief Executive Officer — Brian O'Toole

• Chief Financial Officer — Henry Dubois

• Vice President, Investor Relations — Aly Bonilla

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Full Conference Call Transcript

Operator: Ladies and gentlemen, convey you for joining us, and invited to the BlackSky Technology First Quarter 2026 Earnings Call. [Operator Instructions] I volition present manus the league implicit to Aly Bonilla, Vice President of Investor Relations. Aly, delight spell ahead.

Aly Bonilla: Good greeting and convey you for joining us. Today, I'm joined by our Chief Executive Officer, Brian O'Toole; and our Chief Financial Officer, Henry Dubois. On today's call, Brian volition supply immoderate highlights connected the 4th and springiness a strategical update connected the business. Henry volition past reappraisal the company's archetypal 4th fiscal results and updated outlook for 2026. Following our prepared remarks, we volition unfastened the enactment for your questions. A replay of this league telephone volition beryllium disposable aboriginal today. Information to entree the replay tin beryllium recovered successful today's property release. Additionally, a webcast of this net telephone volition beryllium disposable successful the Investor Relations conception of our website astatine www.blacksky.com.

In conjunction with today's call, we person posted a quarterly net presumption connected the Investor Relations website that you whitethorn usage to travel on with our prepared remarks. Before we begin, fto maine punctual you that we'll marque forward-looking statements during today's league call, including statements astir our plans, objectives and aboriginal outlook. Actual results whitethorn disagree materially arsenic these statements are based connected our existent expectations arsenic of contiguous and are taxable to risks and uncertainties, including those stated successful our Form 10-K. BlackSky assumes nary work to update forward-looking statements, but arsenic whitethorn beryllium required by applicable law. In addition, during today's call, we volition notation to definite non-GAAP fiscal measures, including adjusted EBITDA and currency operating expenses.

Definitions and reconciliations betwixt our GAAP and non-GAAP results are included successful our net property merchandise and presentation, which are posted connected our Investor Relations website. At this point, I'll crook the telephone implicit to Brian O'Toole. Brian?

Brian O’Toole: Thanks, Aly, and bully morning, everyone. Thank you for joining america connected today's call. Beginning with Slide 3. I'm blessed to study that we are disconnected to a beardown commencement to 2026. With up to $160 cardinal successful declaration awards, we are rapidly increasing backlog, accelerating revenues and connected way to present beardown net maturation driven by request for our Gen-3 solutions. This quarter, we achieved a wide inflection constituent successful our concern arsenic Gen-3 capabilities are present afloat operational and delivering mission-critical quality to customers worldwide. Demand for our Gen-3 capabilities has ne'er been stronger.