Updated
The most significant concentration BlackSky Technology discloses is top four customers at 89%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: BlackSky Technology’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'we had four and three customers respectively, that each accounted for more than 10% of our total revenue ... these customers accounted for 89% and 88% of our total revenue, respectively'”
BlackSky Technology's concentration risk is dominated by a single, high-share customer dependency: in its two most recent fiscal years, four and three customers respectively each accounted for more than 10% of total revenue, and together these customers represented 89% and 88% of total revenue in those years. This is squarely a dependency-type exposure rather than a structural, industry-wide one — the loss, delay, or renegotiation of even one of these relationships could have an outsized effect on reported revenue, given that fewer than five counterparties account for nearly all of the top line. No geographic, supplier, or product-line concentration is disclosed alongside this customer dependency, so the entire concentration picture for BlackSky rests on this one data point. For investors, this is the single exposure most likely to move the verdict: BlackSky's revenue base is not diversified across a broad customer set, and results are therefore highly sensitive to the retention, timing, and contract terms of this small handful of large customers, rather than to broad-based demand across a diversified client base.
For the engine’s reasoning on BKSY’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARMK | Aramark | 1 | 1 | 0 | 2 |
| AMTM | Amentum Holdings, Inc. | 1 | 0 | 0 | 1 |
| BKSY● | BlackSky Technology Inc. | 1 | 0 | 0 | 1 |
| BV | BrightView Holdings, Inc. | 0 | 0 | 1 | 1 |
| ABM | ABM Industries Incorporated | 0 | 0 | 0 | 0 |
| AZZ | AZZ Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.