Jason Kim, chief govt officer of Firefly Aerospace, heart, throughout the firm’s preliminary public providing on the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025.
Michael Nagle | Bloomberg | Getty Photos
Firefly Aerospace‘s inventory surged 15% on Wednesday after the house know-how firm issued better-than-expected third-quarter outcomes and lifted its steering.
Revenues within the third quarter jumped almost 38% to $30.8 million from $22.4 million within the year-ago interval and almost doubled from the earlier quarter.
Firefly’s web loss totaled $140.4 million, or $1.50 per share. The corporate mentioned web loss included prices tied to its IPO, overseas trade and govt severance
The corporate additionally lifted its outlook for the yr, saying it now expects revenues to vary between $150 million and $158 million. That is up from earlier steering within the vary of $133 million and $145 million.
That is Firefly’s second quarterly report as a public firm. Final quarter, shares slumped after it posted an even bigger loss and decrease revenues than analysts have been anticipating.
The Cedar Park, Texas, firm went public on the Nasdaq in August throughout a interval of heightened enthusiasm towards house know-how. The U.S. authorities and NASA have leaned on extra contracts with firms like Firefly and Elon Musk’s SpaceX to help moon missions.
However shares of Firefly have misplaced 70% of their worth since their opening day shut, and the corporate’s market capitalization has plummeted from about $8.5 billion to about $2.7 billion on Wednesday.
In September, Firefly shares sank after a rocket exploded throughout a floor take a look at on the firm’s Texas facility, days after receiving clearance from the Federal Aviation Administration over a separate incident. Firefly has since put “corrective measures” in place, the corporate mentioned on Wednesday. Shares dropped 35% in September and are down 24% this month.
Firefly in July gained an almost $177 million contract with NASA for an upcoming moon mission, and in October, it introduced its acquisition of protection tech agency SciTec to spice up its nationwide safety portfolio.
