BlackSky Technology Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Cover
- Cover Page
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Stock-Based Compensation (Tables)

v3.25.1

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Table Text Block Supplement [Abstract]

Stock-based Compensation Expense

The stock-based compensation expense attributable to continuing operations is included in the consolidated statements of operations and comprehensive loss as indicated in the table below:


	Years Ended December 31,
			2024		2023
		(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization			$	173	$	242
Professional & engineering service costs, excluding depreciation and amortization			470		502
Selling, general and administrative			10,526		10,118
Total stock-based compensation expense			$	11,169	$	10,862

Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions

A summary of the weighted-average assumptions used by the Company during the year ended December 31, 2023 is presented below:


									Year Ended December 31, 2023

Fair value per common share									$1.27
Weighted-average risk-free interest rate									4.31%
Volatility									31.20%
Expected term (in years)									8.00
Dividend rate									0%

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the Company’s nonvested RSU activity during the year ended December 31, 2024 is presented below:


	Restricted Stock Units	Weighted-Average Grant-Date Fair Value
	(in thousands)
Nonvested - January 1, 2024	2,016	$	13.52
Granted	1,319	7.48
Vested	(852)	15.52
Canceled	(64)	12.87
Nonvested - December 31, 2024	2,419	9.54

Share-based Payment Arrangement, Option, Activity

A summary of the Company’s stock option activity under the Plans during the year ended December 31, 2024 is presented below:


	Options	Weighted-Average Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
	(in thousands)			(in years)	(in thousands)
Outstanding - January 1, 2024	1,101	$	19.94

Exercised	(23)	0.10
Forfeited	(202)	49.57

Outstanding - December 31, 2024	876	13.62		7.62	$	954
Exercisable - December 31, 2024	876	13.62		7.62	954

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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