Quarterly ResultMay 4, 2026, 04:13 PM
Firefly Aerospace Q1 Revenue Jumps 40% to Record $80.9M
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. The company achieved critical milestones including selection for the Golden Dome space-based interceptor program, progress on Blue Ghost lunar missions, and a successful Alpha Flight 7 launch. Despite a net loss of $(96.7) million, Firefly provided a positive full-year 2026 revenue guidance of $420 million to $450 million, reflecting continued growth and strategic advancements.
Key Highlights
- Record Q1 2026 revenue of $80.9 million, up 40% from the prior quarter.
- Awarded $109 million engineering change proposal for Space Force's FORGE Enterprise OPIR Services contract.
- Net loss for Q1 2026 was $(96.7) million, compared to $(60.1) million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $(64.7) million.
- Full-year 2026 revenue guidance is between $420 million and $450 million.
- Selected by the U.S. Space Force for SciTec to support the Golden Dome space-based interceptor program.
- Successfully launched Alpha Flight 7, completing all mission objectives and validating Block II subsystems.
- Completed separation testing for Blue Ghost Mission 2, demonstrating Elytra's deployment mechanisms.