Earnings Releases·Nov 10, 2026, 4:08 PM ET

Firefly Aerospace — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged 259% year-over-year to $110.7 million, while net loss narrowed to $94.2 million from $133.4 million in the prior year period; full-year 2026 revenue guidance remains $440–$450 million.
Record backlog reached $1.7 billion, driven by major strategic wins including a $1.3 billion agreement with AST SpaceMobile, a $94 million Space Force contract, and a $981 million Space Force IDIQ contract for NITE-STAR.
Significant operational expansion includes a cleanroom facility enabling 12 simultaneous lunar lander assemblies, the award of a $13 million NASA JPL subcontract for the SkyFall Mars mission, and new commercial launch agreements with Lockheed Martin and Synspective.
Cash and cash equivalents declined to $409.3 million from $793.0 million at year-end 2025, while deferred revenue rose to $217.2 million, reflecting strong order intake despite increased R&D and SG&A expenses.