Firefly Aerospace Inc. (FLY) delivered a solid earnings beat Wednesday evening, and investors liked what they saw. The space company, which went public back in August, reported third-quarter revenue of $30.78 million, comfortably ahead of the $27.71 million analysts were expecting.
The Numbers Tell a Growth Story
Revenue climbed 38% year-over-year and nearly doubled sequentially, jumping 98% from the prior quarter. The company posted an adjusted loss of 33 cents per share, narrower than the anticipated 41-cent loss.
"Our strong third quarter revenue growth reflects steady execution of our spacecraft teams on multiple contracts as well as progress made by our launch teams," said CEO Jason Kim.
Outlook Gets a Meaningful Boost
Here's where things get interesting: Firefly raised its full-year 2025 revenue guidance from a range of $133 million to $145 million up to a new range of $150 million to $158 million. That's substantially higher than the $135.49 million Wall Street was penciling in.
Management planned to discuss the improved outlook in more detail during an earnings call with investors at 5 p.m. ET. Meanwhile, shares responded enthusiastically, climbing 17.42% to $21.50 in after-hours trading.
