Firefly Aerospace Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 revenue of $117.7 million and backlog of $1.5 billion reflect strong demand across spacecraft, launch, and AI solutions. Production ramp, contract wins, and strategic acquisitions support reiterated 2026 revenue guidance of $420–$450 million.
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Record Q1 revenue of $80.9 million was driven by government contracts, Moon landing milestones, and AI-enabled services. SciTec secured major defense awards, while production capacity and product lines expanded. 2026 revenue guidance of $420–$450 million was reiterated.
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 lunar and defense contracts, while the $855M SciTec acquisition expanded software capabilities and backlog. Raised 2025 revenue guidance to $150–$158M, with strong liquidity and ongoing operational improvements after 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.