Firefly Aerospace Inc. (Nasdaq: FLY) issued its financial results for the third quarter ended September 30, 2026, via a Form 8-K filed on November 10, 2026. The report details a significant increase in revenue and a record-breaking backlog for the company.
For the third quarter of 2026, Firefly reported revenue of $110.7 million, representing a 259% increase compared to the same period in the prior year. The company also noted a record backlog of $1.7 billion at the end of the quarter, an increase from $1.5 billion at the end of the previous quarter.
Operational highlights for the period include the completion of a cleanroom expansion, funded by a non-dilutive Texas Space Commission grant, which allows for the simultaneous assembly and integration of up to 12 lunar landers and orbital vehicles. The company also reported the award of its first Mars subcontract, valued at $13 million, to support NASA JPL's SkyFall mission by manufacturing and delivering an aeroshell. Additionally, Firefly signed an extension to a multi-launch agreement with Lockheed Martin for up to 25 Alpha launches through 2031 and secured its first European launch contracts with SSC Space for two commercial Alpha launches from Sweden.
On the defense side, Firefly was awarded a $94 million contract from the Space Force under the Ground-Based Radar Digitization program and onboarded to a $981 million Space Force IDIQ contract for NITE-STAR. The company also signed a $1.3 billion deal with AST SpaceMobile, which includes licensed IP, engine delivery, and engineering support.
Regarding 2026 full-year guidance, Firefly expects revenue to be between $440 million and $450 million.
