Firefly Aerospace (FLY) had a pretty good Thursday. After the market closed, the space company dropped its fourth-quarter financial results, and investors seemed to like what they saw. The stock jumped more than 6% in after-hours trading.
So, what got everyone excited? Let's start with the numbers. Firefly reported revenue of $57.67 million for the quarter. That wasn't just good; it was better than the $52.36 million that analysts were expecting. For the full year 2025, the company's revenue totaled $159.9 million. That's a massive 163% increase compared to the previous year. When you more than double your annual sales, people tend to notice.
On the bottom line, the story was also positive. The company reported an adjusted loss of 38 cents per share. Again, that was better than the loss of 47 cents per share that the market had anticipated. It's still a loss, sure, but beating expectations is a good sign that the business is moving in the right direction.
The company also appears to be in a solid financial position. Firefly ended the quarter with nearly $793 million in total cash and cash equivalents, plus another $100 million in short-term investments. That's a hefty war chest for a company in the capital-intensive space industry.
"2025 was a transformative year in Firefly's history, as we more than doubled our annual revenue while executing across multiple launch, spacecraft, and ground programs and strengthening our portfolio of space exploration and national security space capabilities," said CEO Jason Kim.
But perhaps the most interesting part for investors is what comes next. Firefly provided its outlook for fiscal 2026, expecting revenue to land somewhere between $420 million and $450 million. The midpoint of that range is right in line with the current analyst estimate of $440.45 million. It suggests the company believes its strong growth trajectory is sustainable.
Management will have a chance to elaborate on all of this during an earnings call scheduled for 5 p.m. ET, where they promised to provide more details on the full-year outlook.
As of publication time, Firefly Aerospace shares were trading at $24.30 in the after-hours session, up 6.03% from the regular session close.
