Firefly Aerospace Q3 revenue beats on contract wins
FLY•Firefly Aerospace reported third-quarter revenue of $110.68 million, up 259% year over year and above the $102.30 million consensus estimate. It reported a record $1.7 billion backlog and forecast 2026 revenue of $440 million to $450 million.
1. Revenue and outlook
Firefly Aerospace said third-quarter revenue rose 259% year over year to $110.68 million, beating the $102.30 million analyst consensus. Gross profit was $25.30 million, while the company reported an operating loss of $101.58 million. It expects full-year 2026 revenue of $440 million to $450 million.
2. Contracts and programs
The company reported a record $1.7 billion backlog and said new and extended contracts, including agreements with Lockheed Martin, SSC Space and the U.S. Space Force, helped drive revenue growth. CEO Jason Kim cited progress on Moon missions and the company’s first Mars award. Firefly also completed a spacecraft cleanroom expansion to increase production capacity for lunar landers and orbital vehicles.
