NASDAQ$FLY

Firefly Aerospace Inc · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Firefly Aerospace reported Q1 2026 revenue of $80.9M and a net loss of $96.7M, with diluted loss per share of $0.61.

Firefly posted revenue of $80.9 million (+45% YoY) from launch and space-systems work. R&D of $67.5 million and SG&A of $45.6 million drove a loss from operations of $95.7 million. Net loss available to common stockholders was $96.7 million, or $0.61 per share, versus a smaller loss a year ago as development accelerated.

  • Revenue $80.9M (+45% YoY) on launch services growth.
  • R&D $67.5M; loss from operations $(95.7)M.
  • Net loss $(96.7)M; diluted EPS $(0.61).
  • Business combination with Apex expanded hardware/software scope.
  • Government and commercial launch backlog discussed.

Headline financials

Total Revenue

$79.5M

No prior period
EPS (adj)

-$0.61

No prior period
Capital Expenditures

-$16.3M

No prior period
Free Cash Flow

-$78.9M

No prior period
Net Income

-$96.7M

No prior period
Operating Income

-$95.7M

No prior period
Gross Profit

$17.5M

No prior period
Cash & Equivalents

$326M

No prior period
Total Assets

$1.49B

No prior period

Revenue & EPS history

Firefly Aerospace Inc · Revenue · Quarterly

$79.5M

Q1 2026
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

Pre-profitability space company; outlook tied to launch cadence and contract awards, not EPS guidance.

Tailwinds

  • Revenue growth from launch and mission services.
  • Strategic expansion via Apex acquisition.

Headwinds

  • Heavy R&D and operating losses expected near term.
  • Launch schedule and program execution risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-7.0%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-4.8%

Avg return

30 days after

0%

0 / 3 earnings

Positive

-1.3%

Q1 2026

Best reaction

-15.3%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%+17.4%+17.6%
Q3 2025-4.3%+1.8%+15.5%
Q2 2025-15.3%-27.3%-47.6%

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