BKSY vs. SPIR

Last updated Apr 1, 2026

Compare and contrast key facts about BlackSky Technology Inc. (BKSY) and Spire Global, Inc. (SPIR).

Performance

BKSY vs. SPIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackSky Technology Inc. (BKSY) and Spire Global, Inc. (SPIR). The values are adjusted to include any dividend payments, if applicable.

BKSY vs. SPIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKSY BlackSky Technology Inc.	34.19%	73.77%	-3.66%	-9.09%	-65.70%	-57.12%	5.76%
SPIR Spire Global, Inc.	67.73%	-46.70%	79.92%	1.82%	-71.60%	-66.23%	3.20%

Fundamentals

Market Cap BKSY : $899.52M SPIR : $413.50B
EPS BKSY : -$2.05 SPIR : -$2.28
PS Ratio BKSY : 8.07 SPIR : 8.70
PB Ratio BKSY : 9.48 SPIR : 3.66
Total Revenue (TTM) BKSY : $106.58M SPIR : $15.88B
Gross Profit (TTM) BKSY : $37.84M SPIR : $6.45B
EBITDA (TTM) BKSY : -$32.70M SPIR : -$23.01B

Returns By Period

In the year-to-date period, BKSY achieves a 34.19% return, which is significantly lower than SPIR's 67.73% return.

BKSY

• 1D: 14.83%
• 1M: 33.47%
• YTD: 34.19%
• 6M: 24.86%
• 1Y: 225.49%
• 3Y*: 27.99%
• 5Y*: -21.03%
• 10Y*: —

SPIR

• 1D: 6.97%
• 1M: 42.15%
• YTD: 67.73%
• 6M: 14.47%
• 1Y: 55.50%
• 3Y*: 33.03%
• 5Y*: -30.94%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BKSY vs. SPIR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKSY

BKSY Risk / Return Rank: 88
BKSY Sharpe Ratio Rank: 93
BKSY Sortino Ratio Rank: 89
BKSY Omega Ratio Rank: 85
BKSY Calmar Ratio Rank: 90
BKSY Martin Ratio Rank: 85

SPIR

SPIR Risk / Return Rank: 65
SPIR Sharpe Ratio Rank: 65
SPIR Sortino Ratio Rank: 67
SPIR Omega Ratio Rank: 65
SPIR Calmar Ratio Rank: 65
SPIR Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKSY vs. SPIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackSky Technology Inc. (BKSY) and Spire Global, Inc. (SPIR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BKSY	SPIR	Difference
Sharpe ratio Return per unit of total volatility	2.25	0.64	+1.61
Sortino ratio Return per unit of downside risk	2.68	1.42	+1.26
Omega ratio Gain probability vs. loss probability	1.32	1.18	+0.15
Calmar ratio Return relative to maximum drawdown	3.73	1.07	+2.66
Martin ratio Return relative to average drawdown	7.75	2.24	+5.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKSY vs. SPIR - Sharpe Ratio Comparison

The current BKSY Sharpe Ratio is 2.25, which is higher than the SPIR Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BKSY and SPIR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKSY	SPIR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	0.64	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	-0.33	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	-0.32	+0.13

Correlation

The correlation between BKSY and SPIR is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BKSY vs. SPIR - Dividend Comparison

Neither BKSY nor SPIR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BKSY vs. SPIR - Drawdown Comparison

The maximum BKSY drawdown since its inception was -96.61%, roughly equal to the maximum SPIR drawdown of -97.74%. Use the drawdown chart below to compare losses from any high point for BKSY and SPIR.

Drawdown Indicators

	BKSY	SPIR	Difference
Max Drawdown Largest peak-to-trough decline	-96.61%	-97.74%	+1.13%
Max Drawdown (1Y) Largest decline over 1 year	-58.46%	-50.04%	-8.42%
Max Drawdown (5Y) Largest decline over 5 years	-96.04%	-97.74%	+1.70%
Current Drawdown Current decline from peak	-79.02%	-91.48%	+12.46%
Average Drawdown Average peak-to-trough decline	-65.04%	-77.64%	+12.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.16%	23.93%	+4.23%

Volatility

BKSY vs. SPIR - Volatility Comparison

BlackSky Technology Inc. (BKSY) has a higher volatility of 32.03% compared to Spire Global, Inc. (SPIR) at 22.96%. This indicates that BKSY's price experiences larger fluctuations and is considered to be riskier than SPIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKSY	SPIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.03%	22.96%	+9.07%
Volatility (6M) Calculated over the trailing 6-month period	75.79%	69.32%	+6.47%
Volatility (1Y) Calculated over the trailing 1-year period	100.85%	86.49%	+14.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.71%	93.47%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.88%	90.09%	-3.21%

Financials