Filing Flows › Firefly Aerospace (FLY) › Q2 2026 › vs Q1 2026
Firefly Aerospace (FLY) Q2 2026 vs Q1 2026 (quarter over quarter)
Firefly Aerospace's revenue rose $36.8M (+46%) from $80.9M in Q1 2026 to $118M in Q2 2026. The biggest changes: Spacecraft Solutions Revenue +$40.7M (+60%); Launch Revenue −$3.9M (-29%).
Firefly Aerospace, Q2 2026: revenue $118M (+657% year over year), operating margin -80.9%, net loss $92.3M, operating cash flow −$81.6M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Spacecraft Solutions Revenue | $108M | $67.6M | $40.7M | +60% |
| Launch Revenue | $9.4M | $13.3M | −$3.9M | -29% |
| Revenue | $118M | $80.9M | $36.8M | +46% |
| Other income, net | $2.8M | −$941K | $3.8M | — |
| Income tax benefit | $35K | −$67K | $102K | — |
| Net loss | $92.3M | $96.7M | −$4.4M | -5% |
| Costs & expenses | $213M | $178M | $35.3M | +20% |
| Operating costs | $213M | $177M | $36.3M | +21% |
| Cost of revenue | $93.8M | $63.4M | $30.4M | +48% |
| Research & development | $71.5M | $67.5M | $4.0M | +6% |
| SG&A | $47.5M | $45.6M | $1.9M | +4% |
| Operating cash sources | $113M | $91.0M | $21.6M | +24% |
| Depreciation & amortization | $14.0M | $15.9M | −$2.0M | -12% |
| Share-based compensation | $17.0M | $12.5M | $4.5M | +36% |
| Cash used in operations | $81.6M | $62.5M | $19.0M | +30% |
| Net loss absorbed | $92.3M | $96.7M | −$4.4M | -5% |
| Working capital & other | $20.2M | −$5.7M | $25.9M | — |
Questions
How much did Firefly Aerospace's revenue grow quarter over quarter in Q2 2026?
Firefly Aerospace's revenue rose $36.8M (+46%) from $80.9M in Q1 2026 to $118M in Q2 2026.
What drove Firefly Aerospace's revenue change in Q2 2026?
Spacecraft Solutions Revenue +$40.7M (+60%); Launch Revenue −$3.9M (-29%).