XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.26.1

Contract Assets and Liabilities | 3 Months Ended
--- | ---
Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Contract Assets and Liabilities | 6. Contract Assets and Liabilities The components of contract assets and contract liabilities consisted of the following:
| March 31, |  | December 31,
| 2026 |  | 2025
| (in thousands)
Contract assets - current: |  |  |
Unbilled revenue | $ | 24,168 |  |  | $ | 28,595 |
Total contract assets - current | $ | 24,168 |  |  | $ | 28,595 |
Contract assets - long-term: |  |  |
Other contract assets - long-term | 636 |  |  | 680 |
Total contract assets - long-term(1) | $ | 636 |  |  | $ | 680 |
Contract liabilities - current: |  |  |
Deferred revenue - current | $ | 19,859 |  |  | $ | 20,518 |
Total contract liabilities - current | $ | 19,859 |  |  | $ | 20,518 |
Contract liabilities - long-term: |  |  |
Deferred revenue - long-term | $ | 7,032 |  |  | $ | 9,948 |
Other contract liabilities - long-term | 558 |  |  | 555 |
Total contract liabilities - long-term(2) | $ | 7,590 |  |  | $ | 10,503 |
(1) Total contract assets - long term is included in other assets in the unaudited condensed consolidated balance sheets. (2) Total contract liabilities - long term is included in other liabilities in the unaudited condensed consolidated balance sheets. Contract liabilities include payments received and billings made in advance of the satisfaction of performance obligations under a contract and are realized when the associated revenue is recognized under a contract. Contract assets include unbilled revenue, which is the amount of revenue recognized in excess of the amount billed to customers, where the rights to payment are not just subject to the passage of time; and costs incurred incremental to the contract to fulfill contract obligations. Other contract assets and other contract liabilities primarily relate to contract commissions on customer contracts. Changes in short-term and long-term contract assets and contract liabilities for the three months ended March 31, 2026 were as follows:
| Contract Assets |  | Contract Liabilities
| (in thousands)
Balance as of January 1, 2026 | $ | 29,275 |  |  | $ | 31,021 |
Billings or revenue recognized that was included in the beginning balance | (8,325) |  |  | (1,705) |
Changes in contract assets or contract liabilities, net of reclassification to receivables | 4,287 |  |  | (1,626) |
Cumulative catch-up adjustment arising from changes in estimates to complete during the year | (389) |  |  | (244) |
Changes in costs to fulfill and amortization of commission costs | (44) |  |  | — |
Changes in contract commission costs | — |  |  | 3 |
Balance as of March 31, 2026 | $ | 24,804 |  |  | $ | 27,449 |

X
- Definition Contract with Customer, Contract Asset and Contract Liability + References No definition available. + Details
Name: | bksy_ContractWithCustomerContractAssetAndContractLiabilityTextBlock
Namespace Prefix: | bksy_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration