Firefly Aerospace, Inc. ( (FLY) ) has released its Q2 earnings. Here is a breakdown of the information Firefly Aerospace, Inc. presented to its investors.
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Firefly Aerospace, Inc. is a space and defense technology company that provides launch, land, and operational services in space for both government and commercial customers. Known for its rapid response capabilities, Firefly is the only commercial entity to have successfully landed on the Moon and launched a satellite into orbit with a 24-hour notice.
Firefly Aerospace recently announced its financial results for the second quarter of 2025, marking its first earnings report since its historic initial public offering (IPO) on the Nasdaq. The company reported a significant increase in its backlog to $1.3 billion and highlighted key achievements, including the FAA’s clearance for its Alpha vehicle to return to flight.
The company’s second-quarter highlights include a successful testimony before Congress regarding the Blue Ghost Mission 1, the commencement of assembly for Blue Ghost Mission 2, and the awarding of a new contract for Elytra Mission 3 by the U.S. Department of Defense. Additionally, Firefly unveiled its Ocula high-resolution imaging service and secured a $50 million investment from Northrop Grumman, further strengthening its financial position.
Despite reporting a net loss of $63.8 million for the quarter, Firefly’s recent IPO raised $933.1 million, enhancing its cash reserves significantly. The company also secured a $176.7 million contract from NASA for the Blue Ghost Mission 4, contributing to its growing backlog.
Looking ahead, Firefly Aerospace is focused on ramping up its flight cadence to meet the increasing demand for launch services, particularly for national security missions. The company expects its full-year revenue for 2025 to be between $133 million and $145 million, reflecting a strategic outlook aimed at capitalizing on its recent achievements and market opportunities.