Firefly Aerospace

Firefly Aerospace reported Q2 2026 revenue of $117.7 million, up 659% year-over-year, breaking the $100 million quarterly mark. The company posted a net loss of $92.3 million with a gross margin of 20.3%. Operating loss widened to $95.2 million as R&D and SG&A expenses rose sharply with the company's expansion. Key operational wins included a $144 million NASA CLPS contract for a Blue Ghost lunar lander (Firefly's sixth contracted lunar mission), a $75 million JPL subcontract for the MoonFall mission, and a $94 million Space Force contract for radar digitization. Firefly acquired Space-ng to bolster autonomous spacecraft software capabilities and signed a Lockheed Martin extension covering up to 25 Alpha launches through 2031. The company completed a $181.6 million stock offering and expanded its Cedar Park campus, quadrupling cleanroom space. For full-year 2026, Firefly guided to revenue between $420 million and $450 million.