Firefly Aerospace (FLY) Q3 earnings 2025

Firefly AviationShares rose 15% on Wednesday after the space technology company made a better-than-expected announcement third quarter results and removed his guidance.

Revenues in the third quarter rose nearly 38% to $30.8 million, from $22.4 million in the same period a year ago, nearly doubling from the previous quarter.

Firefly’s net loss was $140.4 million, or $1.50 per share. The company said the net loss included costs related to the IPO, foreign exchange and executive severance pay.

The company also raised its outlook for this year, saying it expects revenues to range between $150 million and $158 million. This is up from previous guidance of $133 million to $145 million.

This is Firefly’s second quarterly report as a publicly traded company. Last quarter, shares fell after it reported a larger loss and lower revenue than analysts expected.

The Cedar Park, Texas, company went public on Nasdaq in August at a time of growing excitement about space technology. The US government and NASA have moved towards more contracts with companies like Firefly and Elon Musk’s SpaceX to support moon missions.

But Firefly shares have lost 70% of their value since opening day, and the company’s market value fell from about $8.5 billion to $2.7 billion on Wednesday.

Firefly shares fell in September after rocket exploded During ground testing at the company’s Texas facility, days after receipt customs clearance Due to a separate incident from the Federal Aviation Administration. Firefly has since implemented “corrective measures,” the company said in a statement Wednesday. Shares fell 35% in September and are down 24% this month.

Firefly almost won in July $177 million contract with NASA for an upcoming lunar mission and in October announced the acquisition of defense technology company SciTec to boost its national security portfolio.