Why Is FLY Stock Up 8% In Premarket?

• December quarter revenue increased 538% to $57.7 million, while net loss more than halved to $41.1 million from $84.1 million.
• Investors have become increasingly interested in space technology companies, which appear to be generating more business from the defence sector.
• Retail sentiment on Stocktwits for FLY was ‘bullish.’ 

Firefly Aerospace stock (FLY) jumped by over 8% in early premarket trading on Friday, sparking high interest among retail traders on Stocktwits, after the rocket company reported a massive surge in revenue and narrower losses in the fourth quarter.

December quarter revenue increased 538% to $57.7 million, while net loss more than halved to $41.1 million from $84.1 million, according to results published on Thursday after-market hours.

2025: A Transformation Year

For 2025, the topline increased a whopping 163% to nearly $160 million. Last March, Firefly completed its first successful commercial moon landing with Blue Ghost Mission 1, marking a major milestone for the company. The 14 days of lunar surface operation were the longest commercial operation on the Moon to date.

CEO Jason Kim called 2025 a transformational year for the company, marked by multiple launches, spacecraft and ground programs. Looking ahead, Firefly guided for revenue of $420 million to $450 million in 2026.

Space Companies Garnering Attention

The upbeat results, as well as a strong report from Earth-imaging satellites company Planet Labs and a $190 million defence contract award to Rocket Lab Corp earlier this week, underscore the huge interest in space technology companies from the defence sector.

Last week, Firefly successfully launched its Alpha Flight 7 rocket, delivering a payload to orbit for Lockheed Martin, lifting investor sentiment for the company roughly five months after one of its launch vehicles exploded in a test.

Firefly is pushing to expand its defense business while ramping up launch capabilities, including for Blue Ghost Mission 2 - its second lunar mission - which is set to deliver six payloads from five countries to lunar orbit and the Moon’s far side.

In the fourth quarter, the company said it won an eight-figure contract from an unnamed U.S. customer for SciTec, a missile-warning and tracking technology company that Firefly acquired for $855 million late last year.

Retail, Analyst View

On Stocktwits, retail sentiment for FLY was ‘bearish’ early Friday, unchained from the previous day.

Currently, five of eight analysts recommend ‘Buy’ or higher on FLY shares, and three recommend ‘Hold,’ per Koyfin. Their average price target of $38.29 implies a nearly 67% upside from the stock’s last close.

Firefly shares could break out of the mostly range-bound trading seen over the past month. As of the last close, the stock is down 2.6% year-to-date and abuout 50% below its IPO price.

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