10-Q quarterly report · filed Nov 12, 2025

Firefly Aerospace Inc. (FLY) Q3 2025 10-Q Quarterly Report

Short answer

Firefly Aerospace Inc. (FLY) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $31M with net income of −$133M.

Q3 2025 key financials · XBRL

Revenue
$31M
−56.9% QoQ
Net income
−$133M
−7.7% QoQ
Operating margin
-202.1%
Gross margin
27.6%
EPS (diluted)
$3.92
+135.1% QoQ

Source: XBRL data from the Firefly Aerospace Inc. (FLY) Q3 2025 10-Q on SEC EDGAR. USD.

Firefly Aerospace Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • Government shutdown since October 1, 2025, threatening contract purchases, funding, and revenue
  • Alpha Flight 7 test-stand damage on September 29, 2025, potentially delaying launches and increasing costs
  • Government procurement noncompliance risk, potentially causing material operating-result impacts
  • Backlog termination risk: $1.278 billion includes contracts subject to customer termination rights
  • Fixed-price execution risk from inflation, supply-chain constraints, and revised completion-cost estimates

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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