10-Q

Quarterly report

✓ VerifiedFirefly's quarterly report shows revenue up 45% to $80.9 million with approximately $1.3 billion of backlog, launch revenue up 156% on Alpha Flight 7, and spacecraft revenue up 33% on Blue Ghost missions.

Filed May 4, 2026 · 17:08 ET

Summary

Revenue increased 45% to $80.9 million from $55.9 million a year earlier.
Launch revenue rose 156% to $13.3 million on the Alpha Flight 7 launch and Eclipse progress; Spacecraft Solutions revenue rose 33% to $67.6 million on SciTec and Blue Ghost Missions 2, 3, and 4.
Backlog was approximately $1.3 billion at March 31, 2026, with approximately 90% of contract value typically collected before launch.
Research and development rose 41% to $67.5 million and SG&A rose 258% to $45.6 million with public-company scaling.

Key facts

Backlog: approximately $1.3 billion
From the filing for Backlog
“approximately $1.3 billion in backlog, as of March 31, 2026”
Launch growth: up 156%
From the filing for Launch growth
“Launch revenue increased by $8.1 million, or 156%, to $13.3 million”

Why it mattersThe pre-launch collection model means Firefly's growth is largely customer-funded, which the balance sheet detail confirms.

Filed: May 4, 2026
Accepted: 2026-05-04 21:08Z
Period: Mar 31, 2026
Accession no.: 0001860160-26-000009
Size: 16.0 MB
Index: Filing index

Summary

Documents