Firefly Aerospace Inc. (NasdaqGM: FLY)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Firefly Aerospace Inc. (the “Company”) (NasdaqGM: FLY).

On September 22, 2025, the Company reported its financial results for the second quarter
of 2025, its first earnings report as a public company, disclosing, among other items, a loss of $80.3 million, or $5.78 per share, compared to $58.7 million, or $4.60 per share, for the same quarter in 2024 and reported revenue of $15.55 million, below analyst estimates of $17.25 million and down 26.2% from the same quarter in 2024. Moreover, the Company reported revenue of only $9.2 million in its Spacecraft Solutions business segment, representing a 49% year-over-year decrease. Then, on September 29, 2025, the Company disclosed that during testing, the first stage of its Alpha Flight 7 rocket, one of its flagship launch vehicles, “experienced an event that resulted in a loss of the stage,” raising significant questions about the Company’s ability to meet its commercial launch commitments and the viability of its technology.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether Firefly’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Firefly shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.