Firefly Aerospace, Inc. ( (FLY) ) has released its Q3 earnings. Here is a breakdown of the information Firefly Aerospace, Inc. presented to its investors.
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Firefly Aerospace, Inc., a leading space and defense technology company, specializes in providing launch, landing, and operational solutions for government and commercial clients in the space sector. Known for its rapid-response capabilities and innovative technologies, Firefly is headquartered in Cedar Park, Texas.
In its third quarter of 2025, Firefly Aerospace reported a significant revenue increase of 98% from the previous quarter and 38% from the same period last year. The company also finalized its acquisition of SciTec, enhancing its national security offerings, and continued preparations for the Alpha team’s return to flight.
Key financial highlights include securing a $176.7 million contract from NASA for the Blue Ghost Mission 4 and a $10 million addendum for Blue Ghost Mission 1. The company also completed several milestones for its Blue Ghost and Elytra missions, including system-level qualification testing and cleanroom assembly. Additionally, Firefly signed a SPACE COTAN agreement to explore launching from Japan’s Hokkaido Spaceport and partnered with Advanced Space for NASA’s LunaNET communication relay service.
Despite these achievements, Firefly reported a net loss of $133.4 million for the quarter, with significant operating expenses and other financial challenges impacting its bottom line. However, the company maintains a robust cash position, bolstered by recent financing activities, including proceeds from its IPO and preferred stock issuance.
Looking ahead, Firefly Aerospace remains optimistic about its growth prospects, with full-year revenue expected to reach between $150 million and $158 million. The company’s strategic initiatives and continued focus on safety, quality, and reliability are expected to drive future success in the competitive space industry.