Prime Highlights
- Firefly Aerospace reported a robust 38% year-on-year rise in revenue for Q3 2025 and raised its full-year revenue guidance, signaling growing strength in the space technology market.
- Despite recent setbacks, including a rocket test explosion, the company has stabilized operations and continues to expand in commercial, government, and defense sectors.
Key Facts
- Firefly’s Q3 revenue reached $30.8 million, up from $22.4 million a year earlier, while its net loss stood at $140.4 million ($1.50 per share), largely due to IPO and one-time expenses.
- The company increased its 2025 revenue forecast to $150–$158 million, and recently secured a $177 million NASA contract for an upcoming moon mission.
Background
Firefly Aerospace’s shares soared 15% on Wednesday after the space technology company reported strong third-quarter results and raised its full-year outlook. The Cedar Park, Texas-based firm posted a 38% year-on-year rise in revenue to $30.8 million, up from $22.4 million a year earlier and nearly double the previous quarter’s total.
The company reported a net loss of $140.4 million, or $1.50 per share, which included expenses related to its initial public offering (IPO), foreign exchange fluctuations, and executive severance costs.
Following the results, Firefly lifted its 2025 revenue forecast to between $150 million and $158 million, up from earlier guidance of $133 million to $145 million. This marks the company’s second quarterly report since going public on the Nasdaq in August, during a surge in investor interest in space technology.
Despite the positive report, Firefly’s stock remains down about 70% from its opening day close, with market capitalization falling from $8.5 billion to $2.7 billion. In September, shares fell sharply after a rocket explosion during a ground test at its Texas facility. The company has since implemented corrective measures and resumed normal operations.
Firefly is expanding its work in both commercial and government sectors. In July, it won a $177 million NASA contract for a future moon mission, and in October, it bought defense technology company SciTec to boost its national security and defense business.
The latest results and guidance lift indicate Firefly’s growing foothold in the competitive space technology market, despite recent challenges.
