Filing Flows › Firefly Aerospace (FLY) › Q2 2026 › vs Q2 2025
Firefly Aerospace (FLY) Q2 2026 vs Q2 2025 (year over year)
Firefly Aerospace's revenue rose $102M (+657%) from $15.5M in Q2 2025 to $118M in Q2 2026. The biggest changes: Spacecraft Solutions Revenue +$99.1M (12×); Launch Revenue +$3.1M (+48%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Spacecraft Solutions Revenue | $108M | $9.2M | $99.1M | 12× |
| Launch Revenue | $9.4M | $6.3M | $3.1M | +48% |
| Revenue | $118M | $15.5M | $102M | +657% |
| Other income, net | $2.8M | −$9.4M | $12.3M | — |
| Income tax benefit | $35K | $0 | $35K | — |
| Net loss | $92.3M | $63.8M | $28.5M | +45% |
| Costs & expenses | $213M | $79.3M | $134M | +168% |
| Operating costs | $213M | $69.9M | $143M | +205% |
| Cost of revenue | $93.8M | $11.6M | $82.3M | +712% |
| Research & development | $71.5M | $45.8M | $25.8M | +56% |
| SG&A | $47.5M | $12.6M | $35.0M | +278% |
| Operating cash sources | $113M | $32.8M | $79.8M | +244% |
| Depreciation & amortization | $14.0M | $3.9M | $10.0M | +256% |
| Share-based compensation | $17.0M | $760K | $16.3M | 22× |
| Cash used in operations | $81.6M | $28.1M | $53.5M | +190% |
| Net loss absorbed | $92.3M | $63.8M | $28.5M | +45% |
| Working capital & other | $20.2M | −$31.0M | $51.2M | — |
Questions
How much did Firefly Aerospace's revenue grow year over year in Q2 2026?
Firefly Aerospace's revenue rose $102M (+657%) from $15.5M in Q2 2025 to $118M in Q2 2026.
What drove Firefly Aerospace's revenue change in Q2 2026?
Spacecraft Solutions Revenue +$99.1M (12×); Launch Revenue +$3.1M (+48%).