Firefly Aerospace Reports 259% Year-Over-Year Revenue Growth in Q3 2026
Firefly Aerospace reported a significant surge in third-quarter revenue, reaching $110.7 million, a 259% increase compared to the previous year. This growth was primarily fueled by the spacecraft solutions segment, which generated $106 million through concurrent lunar missions and orbital vehicle development. While launch revenue saw a temporary decline due to mission scheduling, the company's total backlog grew to $1.7 billion following new defense-related awards. The company is navigating high research and development costs associated with its Block II Alpha configuration and Eclipse development, resulting in a non-GAAP net loss of $75.4 million. Despite these losses, Firefly improved its free cash flow position and raised its full-year revenue guidance midpoint to $445 million. Strategic partnerships, including a $1.3 billion agreement with AST SpaceMobile, underscore the company's expanding footprint in satellite infrastructure and defense technology.
Topics: guidance raise lunar missions partnership agreement revenue growth spacecraft solutions