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Firefly Aerospace Inc
NASDAQ:FLY

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Firefly Aerospace Inc
NASDAQ:FLY
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Price: 24.01 USD 3.4% Market Closed
Market Cap: $3.8B

Firefly Aerospace Inc
Investor Relations

Firefly Aerospace Inc is a US-based company operating in Aerospace & Defense industry. The company is headquartered in Cedar Park, Texas and currently employs 772 full-time employees. The company went IPO on 2025-08-07. Firefly Aerospace Inc. is a space and defense technology company. The firm provides comprehensive mission solutions to national security, government, and commercial customers. The company has designed, developed, and deployed its vehicles and dynamic spacecraft solutions to support critical customer missions across the space domain. The company has a differentiated and scalable platform of Launch and Spacecraft Solutions with flight heritage. Within Launch, it has two offerings built on common technologies: Alpha and Eclipse. Alpha is a United States-based orbital rocket in the 1,000 kilograms class to successfully reach orbit, with four launches completed. Eclipse, a reusable and scaled up version of Alpha. Its Spacecraft Solutions include Blue Ghost lander (Blue Ghost) and Elytra offerings, highlight the heritage of common technologies from its launch vehicles. Blue Ghost Lander and Elytra are highly maneuverable spacecraft enabled by high-performance rocket engine technology.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 19, 2026
AI Summary
Q4 2025

Revenue: Firefly delivered record annual revenue of $159.9 million in 2025 and reported its highest-ever quarterly revenue of $57.7 million in Q4.

Backlog: Backlog ended Q4 at approximately $1.4 billion, up sequentially and up 22% year-over-year.

Launchs & Reliability: Alpha Flight 7 was successful (including a second-stage relight) and management says lessons learned derisk Block 2; they expect four Alpha launches in 2026.

SciTec acquisition: Closed late 2025 (purchase cash paid net of cash acquired $277.4 million); SciTec is already operational on the Forge missile-warning program and contributed to Q4 revenue and margins.

Lunar & spacecraft progress: Blue Ghost Mission 1 success validated the lunar lander approach; Blue Ghost Mission 2 is progressing with a launch window no earlier than late Q4 into Q1 next year and planning for multiple landers to be built in parallel.

Financials & liquidity: Q4 GAAP net loss was $41.1 million; cash and short-term investments totaled $893 million (including $260 million drawn from revolver).

2026 outlook: Company expects 2026 revenue of $420 million to $450 million (midpoint $435 million, ~172% YoY increase) and says ~80% of the midpoint is already booked.

Key Financials
Annual revenue (2025)
$159.9 million
Quarterly revenue (Q4 2025)
$57.7 million
Spacecraft Solutions revenue (Q4 2025)
$50 million
Launch revenue (Q4 2025)
$7.7 million
Backlog
approximately $1.4 billion
Gross margin (Q4 2025)
27.7%
Operating expenses
$101.6 million
Non-GAAP operating expenses
$80.5 million
Operating loss (GAAP)
$85.6 million
Non-GAAP operating loss
$64.5 million
Net loss (GAAP, Q4 2025)
$41.1 million
Non-GAAP net loss (Q4 2025)
$58.5 million
Net loss per share (GAAP)
loss of $0.26
Non-GAAP net loss per share
loss of $0.38
Weighted average shares outstanding (Q4 2025)
155.6 million
Shares outstanding (exit Q4 2025)
159.3 million
Stock-based compensation (Q4 2025)
$12.6 million
Adjusted EBITDA (Q4 2025)
loss of $57.3 million
Cash, cash equivalents and short-term investments (Q4 2025)
$893 million
Revolver draw (included in cash)
$260 million
SciTec purchase price (cash paid net of cash acquired)
$277.4 million
Capital expenditures (Q4 2025)
$12.1 million
Free cash flow (Q4 2025)
loss of $79.3 million
SciTec acquisition cash payments (Q4 2025)
$24.5 million
2026 revenue guidance
$420 million to $450 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jason Kim
CEO & Director
No Bio Available
Mr. Darren Ma
Chief Financial Officer
No Bio Available
Mr. Daniel Frank Fermon
Chief Operating Officer
No Bio Available
Remington Wu
Chief Accounting Officer
No Bio Available
Mr. Russel Shea Ferring
Chief Technology Officer
No Bio Available
Mr. Brad Warezak
Chief Information Officer
No Bio Available
Mr. David Leigh Wheeler J.D.
Senior VP, General Counsel & Secretary
No Bio Available
Ms. Trina Patterson
Vice President of Marketing & Communications
No Bio Available
Mr. John Termotto
Chief People Officer
No Bio Available

Contacts

Address
TEXAS
Cedar Park
1320 Arrow Point Dr, Suite 109
Contacts
+15122776959
fireflyspace.com
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