Q4 2025 Firefly Aerospace Inc Earnings Call Transcript
Key Points
- Firefly Aerospace Inc (FLY) more than doubled its annual revenue to a record $160 million in 2025.
- The company successfully completed its first commercial moon landing and a historic IPO, strengthening its balance sheet for long-term growth.
- Firefly Aerospace Inc (FLY) acquired SciTec, enhancing its national security contributions and defense contract wins.
- The company has a robust backlog of $1.4 billion, supported by a strong balance sheet to drive growth objectives.
- Firefly Aerospace Inc (FLY) is strategically positioned to support the growing opportunities in the space sector, particularly with renewed interest in lunar missions.
- Firefly Aerospace Inc (FLY) faced a 43-day federal government shutdown, impacting its operations.
- The company reported a GAAP operating loss of $85.6 million in the fourth quarter of 2025.
- Non-GAAP operating expenses increased due to the inclusion of SciTec's operating expenses and increased stock-based compensation.
- Free cash flow was a loss of $79.3 million in the fourth quarter, driven by payments related to the SciTec acquisition.
- Firefly Aerospace Inc (FLY) anticipates increased cash usage in the coming quarters to support growth objectives.
Greetings, and welcome to the Firefly Aerospace Fourth Quarter 2025 Financial Results Conference Call. [Operator Instructions] Please note, this conference is being recorded. I would now like to turn the conference over to Michael Sheetz, FireFly's Director of Investor Relations. Michael, you may begin.
Thank you, operator. Hello there. I'm Michael Sheetz, and welcome to Firefly's Fourth Quarter Financial Results Call. I'm pleased to be joined on the call by CEO, Jason Kim; and CFO, Darren Ma, as we report for the period ending December 31, 2025. Today's call will include forward-looking statements, including, but not limited to, statements the company will make about its future financial and operating performance, growth strategy and market outlook.
Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause the actual results and trends to differ materially are set forth in the annual and quarterly reports filed with
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
