Firefly Aerospace Inc.
fireflyspace.comWhat Do They Do?
Builds spacecraft and defense software for national security, government, and commercial customers, and provides launch services for their missions.
10-K for FY2025, filed Mar 20, 2026Our Spacecraft Solutions platforms consist of our Blue Ghost and Elytra vehicles, and software and sensor solutions offerings added through…View ↗
SciTec is an established provider of critical national security software and big data processing capabilities. The acquisition of SciTec…View ↗
Launch: Firefly’s launch vehicles provide dedicated and responsive launch for national security, government, and commercial customers. We…View ↗
How Do They Make Money?
For Spacecraft Solutions, customers pay milestone amounts as work progresses or make regular payments tied to costs. Launch contracts may include deposits and milestone payments; launch services are earned when the launch begins, while related engineering and licensing work is earned over time.
10-K for FY2025, filed Mar 20, 2026Spacecraft Solutions revenue includes revenue from contracts with commercial and government entities to provide end-to-end services to…View ↗
The Company has contracts with commercial and government entities to provide launch and integration services for payloads requiring…View ↗
The Company also enters into contracts with its customers to provide engineering services and related components, and to develop and…View ↗
-
10-K for FY2025, filed Mar 20, 2026
FY2025 revenue by product or service ↗
$159.9M
-
10-K for FY2025, filed Mar 20, 2026
$159.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Launch Revenue
Mix
10-K for FY2025, filed Mar 20, 2026 |
18% |
Launch Revenue, FY2025
$28.6M Sources
|
Mix |
|
Spacecraft Solutions Revenue
Recurring
10-K for FY2025, filed Mar 20, 2026 |
82% |
Spacecraft Solutions Revenue, FY2025
$131.2M Sources
|
Recurring |
|
Other Revenue
|
0.0% |
Other Revenue, FY2025
$0 Sources
|
Who Are Their Customers?
Government and commercial customers contract with Firefly for launch and payload transportation, spacecraft missions, and defense software and data processing.
10-K for FY2025, filed Mar 20, 2026The Company has contracts with commercial and government entities to provide launch and integration services for payloads requiring…View ↗
Spacecraft Solutions revenue includes revenue from contracts with commercial and government entities to provide end-to-end services to…View ↗
On October 31, 2025, we closed the acquisition of SciTec, which bolsters Spacecraft Solutions hardware with AI-enabled defense software…View ↗
Do Revenues Turn Into Profits?
No. It lost $298.3M in FY2025.
10-K for FY2025, filed Mar 20, 2026
−$260.7MView ↗
10-K for FY2025, filed Mar 20, 2026
−$298.3MView ↗
10-K for FY2025, filed Mar 20, 2026
−$237.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 11, 2026
−$92.3MView ↗
- ▲ +45% (Loss)
- vs −$63.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
-
Aug 11, 2026
Acquired Space-ng and set full-year revenue guidance
The company expects 2026 revenue of $420 million to $450 million.
Sources
8-K, filed Aug 11, 2026
Firefly expects 2026 full-year revenue to be between $420 million and $450 million.View ↗
Growing.
Revenue grew 2.9x in 2 years, from $55.2M in FY2023 to $159.9M in FY2025, about 70% a year.
10-K for FY2025, filed Mar 20, 2026
Loading...
