What is the market's earnings forecast for Firefly Aerospace next quarter?

What were the key takeaways from Firefly Aerospace's earnings call?

What does Firefly Aerospace do and what are its main business segments?

What is the revenue and EPS growth rate for Firefly Aerospace year over year?

What were the key takeaways from Firefly Aerospace’s earnings call?

What is Firefly Aerospace's latest dividend and current dividend yield?

What is Firefly Aerospace's gross profit margin?

Did Firefly Aerospace beat or miss consensus estimates last quarter?

- **Revenue Milestone**: 2025 annual revenue of $159.9 million, up 163% YoY, driven by Alpha launches and SciTec contracts.
- **Strategic Wins**: First commercial moon landing, SciTec acquisition, and $372 million Forge program for missile defense.
- **2026 Growth**: $420–$450 million revenue target, 4 Alpha Block 2 launches, and potential for monthly lunar missions.
- **Financial Strength**: $893 million cash balance and $1.4 billion backlog support ambitious expansion plans.
- **Defense & Lunar Focus**: SciTec's AI capabilities and Blue Ghost landers position Firefly for NASA's lunar strategy and multi-domain defense contracts.

**【CEO Summary Section】**
- **Record Revenue Growth**: 2025 annual revenue reached $159.9 million, a 163% year-over-year increase, driven by successful Alpha rocket launches, SciTec acquisition, and government contracts.
- **Landmark Achievements**: Completed the first commercial moon landing (Blue Ghost Mission 1), IPO, and SciTec acquisition, expanding capabilities in lunar missions, missile defense, and AI-driven space systems.
- **Alpha Rocket Progress**: Launched Alpha Flight 7 successfully, with Block 2 upgrades (reliable avionics, optimized production) targeting 4 launches in 2026. International partnerships for Alpha launches in Sweden and Japan are in development.
- **Eclipse Program**: First stage qualification testing underway, with Northrop Grumman co-development expected to deliver the first stage in late 2026 and full Firefly-built launches no earlier than 2027.
- **Lunar and Defense Expansion**: Blue Ghost Mission 2 hardware integration progressing, with potential for monthly lunar missions starting 2027. SciTec's Forge program provides missile warning and tracking capabilities, with $372 million in contracts.

**【CFO Financial Commentary】**
- **Q4 2025 Financials**: Revenue of $57.7 million (80% from spacecraft solutions), gross margin of 27.7%, and a $1.4 billion backlog. Non-GAAP net loss of $58.5 million due to SciTec acquisition costs and public company expenses.
- **2026 Outlook**: Revenue guidance of $420–$450 million (172% YoY growth), driven by 4 Alpha launches, SciTec contracts, and Eclipse milestones. Capital expenditures expected to increase for production scaling.
- **Balance Sheet Strength**: $893 million in cash, including $260 million from a revolving credit facility, supporting growth initiatives.

**【Q&A Highlights】**
- **Alpha Launch Cadence**: 4 Block 2 launches planned for 2026, with derisked avionics and batteries. Additional launches contingent on customer and range readiness.
- **SciTec Integration**: SciTec's $109 million contract expansion and Forge program contribute to 80% of 2026 revenue guidance. Upside potential from NASA's accelerated lunar missions and multi-domain defense programs.
- **Lunar Missions**: Texas Space Commission grant enables simultaneous Blue Ghost lander production, aligning with NASA's goal of monthly lunar missions starting 2027.
- **Eclipse Milestones**: First stage delivery to Northrop Grumman by end-2026, with full Firefly-built launches targeting 2027. Miranda engine testing and liquid oxygen transfer line qualification underway.
- **Space Data Centers**: SciTec's AI capabilities and Firefly's electric spacecraft (Elytra) position the company to develop space-based data centers for low-latency, high-capacity processing.

Firefly Aerospace Inc.(FLY)-20260320-2025 Q4 Earnings call transcript

- **Backlog Expansion**: $1.3B backlog driven by NASA and UAE contracts
- **Mission Momentum**: Blue Ghost Missions 2-4 in production, Alpha return to flight imminent
- **Golden Dome Positioning**: Alpha, Elytra, Eclipse all aligned with U.S. space defense strategy
- **Financial Strength**: $1B+ cash post-IPO, 2025 revenue guidance of $133-145M
- **Innovation**: Ocular imaging service to monetize lunar data starting 2026
- **Growth Catalysts**: Eclipse launch in 2026, M&A pipeline for strategic tech acquisitions

**【CEO Summary Section】**
- Firefly reported a $1.3 billion backlog, driven by new contracts including a $177 million Blue Ghost Mission 4 from NASA and a $130 million UAE lunar rover contract.
- Blue Ghost Mission 2 is in production, with payloads from NASA and Fleet Space, and Mission 3 is in development with Northrop Grumman.
- Alpha rocket production is ramping up for 2025 launches, with FAA approval for return to flight and plans for 2+ launches this year.
- Eclipse rocket development is progressing with 90+ engine tests and integration of Northrop Grumman's $50 million investment.
- Golden Dome opportunity: Alpha rockets can support hypersonic missile tests, and Elytra spacecraft can host space-based interceptors.
- Ocular imaging service will provide commercial lunar data starting in 2026.

**【CFO Financial Commentary】**
- Q2 2025 revenue: $15.5 million (spacecraft: $9.2M, launch: $6.3M)
- Gross margin improved to 25.7% (vs. 4% Q1 2025) due to contract modifications
- Operating expenses: $55.8 million (up 9% YoY) driven by Eclipse development and Alpha production
- Cash post-IPO: ~$1 billion (including $125M revolving credit)
- 2025 revenue guidance: $133-145 million

**【Q&A Key Highlights】**
- **Alpha Launches**: Flight 7 expected in coming weeks, with 2+ 2025 launches and production scaling for 2026
- **Eclipse Development**: Miranda engine testing complete, with Northrop Grumman integration for 2026 launch
- **Golden Dome Strategy**: Alpha rockets for hypersonic tests, Elytra for interceptors, Eclipse for national security payloads
- **M&A Approach**: Targets with synergies to Firefly's space/defense strategy and culture
- **Blue Ghost Data Sales**: $10M addendum contract for lunar imagery, with potential for recurring revenue
- **Backlog Mix**: ~50% spacecraft (Blue Ghost, Elytra), 50% launch (Alpha, Eclipse) as of Q2 2025

Actual	-5.78	-1.5	-0.505
Forecast	-0.4338	-0.4093	-0.476
Surprise	-1232.41%	-266.48%	-6.09%

Actual	15.55M	30.78M	52.89M
Forecast	16.82M	27.71M	52.41M
Surprise	-7.54%	+11.08%	+0.92%

FLY

FLY fundamentals

FLY Q4 2025 Earnings

Earnings Call

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FLY

FLY fundamentals

FLY Q4 2025 Earnings

Earnings Call

FLY Earnings Call Summary for Q4/20255:00 PM on Mar 19, 2026

FLY Earnings Call Summary for Q3/20255:00 PM on Nov 12, 2025

FLY Earnings Call Summary for Q2/20255:00 PM on Sep 22, 2025

You can ask Aime