A securities class action has been filed against Firefly Aerospace Inc. (FLY) on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Firefly common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company’s initial public offering conducted on or about August 7, 2025 (the “IPO” or “Offering”); and/or (b) Firefly securities between August 7, 2025 through September 29, 2025. This case has been filed in the USDC – WDTX.
On September 22, 2025, Firefly Aerospace reported its financial results for the second quarter of fiscal year 2025 – Firefly Aerospace’s initial quarterly results as a public company since its initial public offering the prior month. Specifically, Firefly Aerospace reported revenue of $15.5 million, a year-over-year decline of more than 27%, while reporting total operating expenses of $58.3 million, a year-over-year increase of more than 12%.
On this news, the price of Firefly Aerospace’s stock declined by $7.58 per share, or approximately 15.31%, from a close of $49.52 per share on September 22, 2025, to close at $41.94 on September 23, 2025.