Investigation: DiCello Levitt LLP Commences Investigation into Firefly Aerospace (NASDAQ:FLY)

By: DiCello Levitt LLP via GlobeNewswire

October 13, 2025 at 18:57 PM EDT

SAN DIEGO, Oct. 13, 2025 (GLOBE NEWSWIRE) -- DiCello Levitt LLP announces that it has commenced an investigation into Firefly Aerospace Inc. (NASDAQ: FLY) concerning potential violations of the U.S. federal securities laws, focused on whether Firefly Aerospace and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.

If you have information that could assist in the Firefly investigation or if you are a Firefly investor who suffered a loss and would like to learn more, you can contact DiCello Levitt attorneys Brian O’Mara or Jarett Sena by calling (888) 287-9005 or by email at investors@dicellolevitt.com.

Investigation Details

On or around August 7, 2025, Firefly conducted an initial public offering of 19.3 million shares of common stock priced at $45.00 per share. The offering allowed Firefly to raise $933.1 million in net proceeds.

Then, on September 22, 2025, Firefly reported its financial results for the second quarter of 2025. Among other items, Firefly reported 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 last year. Firefly also reported revenue of $15.55 million, below analyst estimates of $17.25 million and down 26.2% from the same quarter last year. On this news, Firefly’s stock price fell $7.58 per share, or 15.31%, to close at $41.94 per share on September 23, 2025. Then, on September 29, 2025, Firefly disclosed that "[d]uring testing at Firefly's facility in Briggs, Texas, the first stage of Firefly's Alpha Flight 7 rocket experienced an event that resulted in a loss of the stage.” On this news, Firefly's stock price fell $7.66 per share, or 20.73%, to close at $29.30 on September 30, 2025.

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