Quarterly ResultMay 4, 2026, 05:13 PM
Firefly Aerospace Q1 Revenue Up 44.8% to $80.9M; Net Loss Widens to $96.7M
AI Summary
Firefly Aerospace Inc. reported a significant increase in revenue for the first quarter of 2026, reaching $80.9 million, a 44.8% rise year-over-year. However, the company's net loss widened to $96.7 million from $60.1 million in the prior year, and loss from operations increased to $95.7 million. The company also saw a substantial increase in gross profit to $17.5 million, while cash and cash equivalents decreased significantly from the previous quarter.
Key Highlights
- Revenue increased 44.8% to $80.9 million for Q1 2026, up from $55.9 million in Q1 2025.
- Net loss widened to $96.7 million in Q1 2026, compared to a net loss of $60.1 million in Q1 2025.
- Loss from operations increased to $95.7 million in Q1 2026 from $58.5 million in Q1 2025.
- Gross profit surged to $17.5 million in Q1 2026, a significant increase from $2.2 million in Q1 2025.
- Net loss per common share was $(0.61) for Q1 2026, an improvement from $(5.38) in Q1 2025, influenced by increased share count.
- Cash and cash equivalents stood at $326.2 million as of March 31, 2026, down from $793.0 million at December 31, 2025.
- Net cash used in operating activities increased to $62.5 million in Q1 2026 from $56.5 million in Q1 2025.
- Spacecraft Solutions revenue grew to $67.6 million, while Launch revenue reached $13.3 million in Q1 2026.
Price Impact
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