NASDAQ$FLY

Firefly Aerospace Inc · Q3 2025 earnings

Q3 2025 earnings ·

Briefing

Firefly Aerospace reported Q3 2025 revenue of $30.8M with a net loss of $133.4M.

Revenue was $30.8 million for the quarter ended September 30, 2025, up from $22.4 million a year ago. Net loss was $133.4 million as R&D and warrant-fair-value charges outweighed gross profit; the company completed its IPO in August 2025.

  • Q3 revenue $30.8M; gross profit $8.5M.
  • Net loss $133.4M on elevated R&D and warrant liability marks.
  • Post-IPO capital structure and preferred dividends affect common shareholders.
  • Management cites launch cadence and spacecraft solutions growth.

Headline financials

Total Revenue

$30M

No prior period
EPS

-$1.50

No prior period
Capital Expenditures

-$20.8M

No prior period
Free Cash Flow

-$154M

No prior period
Net Income

-$133M

No prior period
Operating Income

-$62.2M

No prior period
Gross Profit

$8.49M

No prior period
Cash & Equivalents

$995M

No prior period
Total Assets

$1.26B

No prior period

Revenue & EPS history

Firefly Aerospace Inc · Revenue · Quarterly

$30M

Q3 2025
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline as the company works toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Clinical or product pipeline progress noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D spend pressure near-term earnings.
  • Financing, dilution, or partnership timing may affect liquidity.

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 Q3 2025

Historical avgQ3 2025

-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%

Discussion

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