Filing Flows › Comparisons › FLY vs RDW
Firefly Aerospace vs Redwire: FLY and RDW compared
Firefly Aerospace is the larger company: $118M of revenue in its latest quarter (Q2 2026) against $109M for Redwire (Q3 2026). Firefly Aerospace is growing faster (+657% against +5% a year earlier). Redwire is more profitable, with an operating margin of -24.1% against -80.9%.
Where the money goes: FLY and RDW
Firefly Aerospace (FLY) · Q2 2026
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 follows the revenue to costs, profit and cash.
Redwire (RDW) · Q3 2026
Redwire, Q3 2026: revenue $109M (+5% year over year), operating margin -24.1%, net loss $23.2M, operating cash flow −$63.6M. The chart follows the revenue to costs, profit and cash.
| Firefly Aerospace (FLY) | Redwire (RDW) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $118M | $109M |
| Revenue growth, Y/Y | +657% | +5% |
| Operating margin | -80.9% | -24.1% |
| Net earnings | −$92.3M | −$23.2M |
| Net margin | -78.4% | -21.3% |
| Operating cash flow | −$81.6M | −$63.6M |
Where the revenue comes from
Firefly Aerospace
- Spacecraft Solutions Revenue: $108M (92%)
- Launch Revenue: $9.4M (8%)
Redwire
- Space: $61.3M (56%)
- Defense Tech: $47.8M (44%)
Questions
Which is bigger, Firefly Aerospace or Redwire?
Firefly Aerospace is the larger company: $118M of revenue in its latest quarter (Q2 2026) against $109M for Redwire (Q3 2026).
Is Firefly Aerospace or Redwire growing faster?
Firefly Aerospace is growing faster (+657% against +5% a year earlier).
Which is more profitable, Firefly Aerospace or Redwire?
Redwire is more profitable, with an operating margin of -24.1% against -80.9%.
More: Firefly Aerospace earnings · how Firefly Aerospace makes money · Redwire earnings · how Redwire makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.