Quarterly ResultMay 4, 2026, 04:15 PM
Firefly Aerospace Q1 Revenue $80.9M, up 40%; Net Loss $(96.7)M
AI Summary
Firefly Aerospace reported record first-quarter 2026 revenue of $80.9 million, a 40% increase from the prior quarter, driven by significant operational momentum. Despite the revenue growth, the company posted a net loss of $(96.7) million, wider than the $(60.1) million loss in Q1 2025. Key achievements include selection for the Golden Dome Space-Based Interceptor program, a $109 million contract award for FORGE Enterprise OPIR Services, and the successful launch of Alpha Flight 7. Firefly also provided full-year 2026 revenue guidance of $420 million to $450 million.
Key Highlights
- Q1 2026 revenue reached a record $80.9 million, up 40% from the prior quarter.
- Net loss for Q1 2026 was $(96.7) million, compared to $(60.1) million in Q1 2025.
- Gross profit for Q1 2026 was $17.5 million, significantly up from $2.2 million in Q1 2025.
- Selected by U.S. Space Force for the Golden Dome space-based interceptor program.
- Awarded a $109 million engineering change proposal for the FORGE Enterprise OPIR Services contract.
- Successfully launched Alpha Flight 7, completing all mission objectives and validating Block II subsystems.
- Completed critical milestones for Blue Ghost Mission 2, including separation testing.
- Forecasts 2026 full-year revenue between $420 million and $450 million.