FLY Earnings Shock: Firefly Aerospace Stock Plummets After Disappointing Q2 Results

Another quarter, another reality check for aerospace investors.

Firefly Aerospace just delivered a Q2 performance that's making shareholders wish they'd invested in rocket fuel instead.

Market Reaction Speaks Volumes

The stock took a nosedive the moment earnings hit the tape. Not even creative accounting could polish this turd of a quarter.

When Fundamentals Fail to Launch

Revenue trajectories flatlined while operational costs exploded faster than a test rocket. The numbers don't lie—they just hurt.

Wall Street analysts are now treating aerospace stocks like Icarus warnings. Maybe traditional finance should stick to what it knows—like printing money the old-fashioned way.

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Firefly Aerospace reported revenue of $15.55 million in Q2 2025, which missed Wall Street’s estimate of $16.82 million for the quarter. The company’s revenue fell 26.2% year-over-year compared to $21.07 million.

Firefly Aerospace stock was down 0.82% in pre-market trading on Tuesday, following a 9.56% rally yesterday. The shares have dropped 1.3% since going public.

Firefly Aerospace Guidance

Firefly Aerospace provided a guidance update in its most recent earnings report. The company expects revenue for 2025 to range from $133 million to $145 million. With a midpoint of $139 million, the company’s revenue is on track to beat Wall Street’s estimate of $138.63 million for the year.

Firefly Aerospace CEO Jason Kim also spoke about the company’s future projects in the earnings report. He said, “We’re ramping our flight cadence and have several Alpha vehicles in production to meet the strong demand for launch services, especially for responsive national security missions and our best-in-class customers.”

Is Firefly Aerospace Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Firefly Aerospace is Moderate Buy, based on four Buy and two Hold ratings over the past three months. With that comes an average FLY stock price target of $57.67, representing a potential 16.46% upside for the shares. These ratings and price targets will likely change as analysts update their coverage following today’s earnings report.