Firefly Aerospace (FLY.US) Q3 revenue surges 259%, backlog hits record $1.7 billion, but adjusted EBITDA loss widens in tandem

Zhitong Finance APP has learned that space and defense technology company Firefly Aerospace (FLY.US) released its third-quarter 2026 financial report after market close on November 11, Beijing time. This "space upstart," which only listed on Nasdaq in August this year, delivered a report card showing revenue surging 259% year over year, while its backlog also set a record of $1.7 billion; however, the company's cash burn rate is also accelerating, and its stock price since listing has fallen from its high to near its 52-week low, as the market is becoming increasingly strict in pricing its "high-growth, high-cash-burn" model.