Firefly Aerospace (FLY) reported first-quarter results after Monday's closing bell, and the numbers were better than Wall Street expected. The space and defense technology company posted revenue of $80.88 million, beating the analyst consensus of $77.07 million. On the bottom line, Firefly reported an adjusted loss of $0.46 per share, also better than the $0.48 loss analysts had forecast.
The quarter wasn't just about the numbers. Firefly highlighted several key achievements, including its selection for the space-based interceptor program under Golden Dome, progress on Blue Ghost lunar missions, and the successful Alpha Flight 7. CEO Jason Kim emphasized the company's steady momentum: "We've maintained steady progress across our launch and spacecraft business, and remained focused on scaling up our production lines to meet the demand for frequent landings on the Moon, a regular launch cadence, and critical national security missions."
Firefly ended the quarter with $326.18 million in cash and cash equivalents, plus about $225.45 million in short-term investments. Looking ahead, the company reaffirmed its full-year 2026 revenue guidance of $420 million to $450 million, which brackets the $432.45 million analyst estimate.
Investors liked what they saw. Firefly shares jumped 10.58% in after-hours trading to $36.98. The company will hold an earnings call at 5 p.m. ET to discuss the quarter in more detail.
