Why Did Firefly Aerospace Stock Fall in September?
The Motley Fool·2025-10-01 00:34
Core Insights - Firefly Aerospace's stock experienced a significant drop of over 35% from its IPO price of $45, following an initial surge of 56% on its first trading day [2][3]. Financial Performance - In Q2 2025, Firefly reported revenue of $15.5 million, reflecting a 26% year-over-year decrease, alongside a net loss of $63.8 million, which is a 19% increase in losses compared to the $53.5 million net loss in Q2 2024 [5]. Analyst Ratings - Analysts from Goldman Sachs, Morgan Stanley, and Deutsche Bank have assigned neutral or equal weight ratings to Firefly, with price targets ranging from $45 to $54, citing concerns over the company's unprofitability and lack of free cash flow [4].