Overview
- Firefly reported third-quarter revenue of $30.8 million, up 38% year over year and nearly double sequentially, topping estimates around $27.7 million.
- The company raised full-year 2025 revenue guidance to $150 million–$158 million, and shares rose roughly 15% to 24% in post-report trading.
- GAAP net loss totaled $140.4 million, or $1.50 per share, with the company noting IPO-related, foreign-exchange and severance costs in the figure.
- After a late-September ground-test failure in Texas, Firefly said corrective measures are in place as it targets Alpha Flight 7 between late Q4 and early Q1, with Alpha rated for about 1,000 kg to low Earth orbit.
- Strategic steps included closing the SciTec acquisition supported by a $260 million revolving credit facility and advancing NASA work, including a roughly $176.7 million Blue Ghost Mission 4 award.