Loading...
•
Jun 30, 2025
Firefly Aerospace Inc Q2 2025 Earnings Report
Firefly Aerospace reported its second quarter results following a historic IPO and key contract wins in lunar and national security missions.
Key Takeaways
Firefly Aerospace posted a net loss in Q2 2025 but significantly strengthened its balance sheet through an IPO, grew its backlog to $1.3B, and secured major NASA and DoD contracts that support long-term growth.
Backlog increased to $1.3 billion driven by new NASA and government contracts
Completed IPO raising over $933 million in net proceeds
FAA cleared Alpha for return to flight operations
Continued development of Blue Ghost lunar missions and Elytra orbital services
Forward Guidance
Firefly expects full-year 2025 revenue between $133 million and $145 million, supported by strong demand for national security and commercial space missions.
Positive Outlook
- Backlog grew to $1.3 billion with multiple new contract wins
- Alpha received FAA approval to resume launch operations
- NASA awarded $176.7M contract for Blue Ghost Mission 4
- IPO generated $933.1 million in net proceeds
- Alpha production scaling to meet increasing demand
Challenges Ahead
- Net loss of $63.8 million in the quarter
- Negative free cash flow of $37.3 million
- Operating expenses exceeded $58 million
- Revenue declined compared to Q2 2024
- Interest and other expenses continued to impact profitability
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...