Firefly Aerospace Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 revenue of $80.9M was driven by government contracts, Moon lander milestones, and AI-enabled defense programs. Outlook for 2026 revenue remains $420M–$450M, with strong demand for lunar, launch, and AI services supporting long-term growth.
Fiscal Year 2025
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Record 2025 revenue and a transformative SciTec acquisition fueled growth, with a $1.4B backlog and 2026 revenue expected to surge 172%. Operational milestones in launch, lunar, and defense programs position the company for continued expansion.
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Q3 revenue more than doubled sequentially, driven by spacecraft and data sales, while the $855M SciTec acquisition expanded software capabilities and backlog. Full-year revenue guidance was raised, and operational improvements followed a launch anomaly.
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Firefly plans to acquire SciTec for $855 million, combining advanced hardware and software to create a full-service space and defense provider. The deal aims to close by year-end, enhancing capabilities for major national security and commercial missions.
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Reported Q2 revenue of $15.5M, with a $1.3B backlog fueled by new NASA and defense contracts. Gross margin rose to 25.7%, and post-IPO cash exceeds $1B. FY2025 revenue is guided at $133M–$145M, with strong growth expected from lunar and national security missions.