Firefly Aerospace 3Q 2026: Revenue $110.68M, EPS ($0.56) — 10-Q Summary
Firefly Aerospace reported 3Q 2026 revenue of $110.68M, up 260% YoY, with a net loss of $0.56 per share. Spacecraft Solutions revenue grew 396%, while Launch revenue fell 50%. R&D and SG&A expenses increased, but a favorable warrant liability change aided results. The company's backlog stands at $1.67B, with $400.3M from multi-launch agreements.
How this was made
The 30-second read
Why it matters
The Q3 2026 earnings provide the first detailed financial snapshot since going public, offering investors fresh data to reassess valuation.
Market read
Earnings release is the primary catalyst for short-term price movement in FLY.
What to watch
Backlog of $1.67B and upcoming launch from Wallops Island may improve future cash flow.
Background
Firefly Aerospace is a private launch provider that went public via a SPAC merger and trades under ticker FLY.
Ticker impact
Firefly Aerospace filed its 10-Q reporting Q3 2026 revenue of $110.68M and a net loss of $0.56 per share, the first public disclosure of these results.
likely pressure as the market prices in the narrowed loss but modest revenue uplift
Revenue up 260% YoY is positive, yet the company remains unprofitable; investors may be cautious.
Market effects
Highlights growth potential in the small launch services and spacecraft solutions segment.
Limited to U.S. small-cap aerospace investors.
Minimal, as Firefly is a niche player.
Counterpoint
Despite loss, the rapid revenue expansion could signal a turnaround, making the stock a potential upside play.
Key entities
- companyFirefly Aerospace Inc.
U.S.-listed aerospace launch services provider.
