Firefly Aerospace (NASDAQ:FLY) Shares Gap Up After Better-Than-Expected Earnings

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $22.96, but opened at $25.55. Firefly Aerospace shares last traded at $23.5190, with a volume of 4,685,490 shares traded.

The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. The company had revenue of $57.67 million for the quarter. The business’s revenue for the quarter was up 541.1% compared to the same quarter last year.

Trending Headlines about Firefly Aerospace

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Company set a 2026 revenue target of $420M–$450M as it scales lunar (Blue Ghost) and defense programs — this raises 2026 top-line expectations and frames 2026 as a growth year for FLY. Firefly Aerospace outlines $420M–$450M 2026 revenue target
• Positive Sentiment: Q4 2025 results beat consensus: EPS loss narrowed to ($0.38) vs. ($0.48) expected and revenue jumped to $57.7M (annual revenue up 163% YoY). The print and slide deck highlight strong commercial and government demand. Firefly Aerospace Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Blue Ghost lunar lander won the 2025 Collier Trophy — a reputational win that boosts credibility with customers, partners and institutional investors focused on lunar program market share. Firefly Aerospace’s Blue Ghost Mission 1 wins 2025 Collier Trophy
• Positive Sentiment: Operational momentum: Alpha returned to flight in March and Firefly announced new national-security SciTec contracts — both support the company’s ability to convert launches and contracts into the revenue growth the company is guiding. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market reaction was mixed across outlets — some coverage highlighted a strong beat and outlook (Investing.com, MarketWatch, CNBC after-hours movers), which has driven intraday volatility in FLY. Firefly Aerospace leaps 7% on Q4 beat, strong 2026 outlook
• Negative Sentiment: Company remains unprofitable (negative EPS and negative P/E), so valuation is tied to execution against the new guidance; any execution miss or launch slip could pressure the stock. Firefly Aerospace Shares Gain as 4Q Loss Narrows, Revenue Jumps

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Roth Mkm restated a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. Morgan Stanley reiterated a “positive” rating on shares of Firefly Aerospace in a research note on Thursday, March 12th. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a research report on Thursday, March 12th. The Goldman Sachs Group upped their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.88.

Hedge Funds Weigh In On Firefly Aerospace

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Firefly Aerospace during the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC purchased a new stake in Firefly Aerospace in the third quarter worth approximately $26,000. California State Teachers Retirement System bought a new position in Firefly Aerospace during the fourth quarter valued at approximately $30,000. NBC Securities Inc. purchased a new position in shares of Firefly Aerospace during the fourth quarter worth approximately $38,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $38,000.

Firefly Aerospace Stock Down 0.4%

The company has a market cap of $3.64 billion and a PE ratio of -3.14. The stock’s 50 day moving average price is $24.11 and its 200-day moving average price is $26.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.