Firefly Aerospace Would Be Really Profitable If It Weren't for All Its Expenses
2025-10-05 07:07:00 ET
Firefly Aerospace (NASDAQ: FLY) reported Q2 2025 earnings last week, its first official earnings report since holding an amazingly (if only temporarily) successful initial public offering (IPO) in August.
Firefly, you may recall, IPO'ed at $45 last month and quickly rocketed, closing its first day of trading up 33%. A stock's success can only be driven by pure momentum for so long, however, and Firefly stock began giving back its gains just as quickly, closing last week below $36 per share -- then falling 20% more on Tuesday after news that a Firefly rocket had exploded during testing drove the stock lower.
By Tuesday's close, Firefly stock was trading just over $29 a share -- and 36% below its IPO offer price.
NASDAQ: FLY
FLY Trading
12.02% G/L:
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