The combination of strong revenue growth, high-visibility government contracts, and aggressive 2026 guidance suggests Firefly is transitioning from development to execution phase. Traders should monitor upcoming Alpha Block II launches and Blue Ghost Mission 2 progress as near-term catalysts. The stock may re-rate if execution continues to meet milestones.
Price Chart
Executive Summary
Firefly Aerospace reported record 2025 financial results with revenue of $159.9 million, a 163% year-over-year increase, driven by lunar missions, national security contracts, and the acquisition of SciTec. The company achieved key milestones including a successful Moon landing and IPO, and issued 2026 revenue guidance between $420 million and $450 million, signaling strong growth expectations.
Key Financial Metrics
Key Facts
- 2025 revenue was $159.9 million, up 163% YoY from $60.8 million in 2024
- Achieved first commercial Moon landing with Blue Ghost Mission 1 and secured NASA's CLPS contract for Mission 4
- Completed IPO and acquired SciTec, enhancing national security and AI capabilities
- Won $109 million contract under Space Force's FORGE program, increasing total contract value to $372 million
- 2026 full-year revenue guidance set at $420M–$450M, implying 163%–182% growth over 2025
- Cash and cash equivalents increased to $793 million from $123 million, bolstered by IPO proceeds
Financial Impact
Revenue grew from $60.8M in 2024 to $159.9M in 2025 (+163%). 2026 guidance implies $420M–$450M in revenue, representing 163%–182% growth over 2025. Net loss narrowed to $298.3M from $231.1M despite acquisition and IPO costs.
Risk Factors
- High reliance on government contracts and funding continuity
- Execution risk in scaling operations to meet 2026 revenue target
- Net loss widened despite revenue growth, indicating ongoing profitability challenges
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3259441 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | Press Release | $26.54 $20.90 | ▼ −21.25% | ▼ −19.35% | $23.32 (−12.13%) |
Aug 9, 2026 7w ago | Institutional Cluster | $25.76 $22.90 | ▼ −11.10% | ▼ −10.19% | $23.32 (−9.47%) |
Jul 15, 2026 11w ago | Press Release | $19.03 $26.77 | ▲ +40.67% | ▲ +37.05% | $23.32 (+22.54%) |
Jun 30, 2026 13w ago | Press Release | $28.37 $17.84 | ▼ −37.12% | ▼ −34.93% | $23.32 (−17.80%) |
Jun 2, 2026 17w ago | 8-K | $43.37 $28.37 | ▼ −34.59% | ▼ −33.02% | $23.32 (−46.23%) |
May 29, 2026 18w ago | EFFECT | $46.49 $29.05 | ▼ −37.51% | ▼ −35.72% | $23.32 (−49.84%) |
May 29, 2026 18w ago | Press Release | $46.49 $29.05 | ▲ +37.51% | ▲ +35.72% | $23.32 (+49.84%) |
May 26, 2026 18w ago | Press Release | $57.28 $24.61 | ▼ −57.04% | ▼ −55.13% | $23.32 (−59.29%) |
May 4, 2026 21w ago | Press Release | $31.52 $43.37 | ▲ +37.60% | ▲ +32.64% | $23.32 (−26.02%) |
May 4, 2026 21w ago | 8-K | $31.52 $43.37 | ▲ +37.60% | ▲ +32.64% | $23.32 (−26.02%) |
US Market Status
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