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FLY

Firefly Aerospace Inc.

FLY

Firefly Aerospace Inc. • NASDAQ
$17.71 ▲ 1.61% (+0.28)
Market Cap $2.82 B
52w High $73.80
52w Low $16.00
Dividend Yield 0%
P/E -6.63
Volume 536.97K
Outstanding Shares 159.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $30.778M ▲ $70.683M ▲ $-133.412M ▼ -433.465% ▼ $-0.948 ▼ $-126.455M ▼
Q2-2025 $15.549M ▼ $58.345M ▼ $-63.778M ▼ -410.174% ▼ $-0.559 ▼ $-54.637M ▼
Q1-2025 $55.855M ▲ $60.764M ▲ $-60.093M ▼ -107.588% ▲ $-0.503 ▼ $-50.933M ▼
Q2-2024 $21.071M ▲ $51.851M ▲ $-53.453M ▼ -253.68% ▲ $-0.409 ▼ $-48.211M ▼
Q1-2024 $8.317M $47.218M $-52.771M -634.496% $-0.404 $-47.522M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $995.991M ▲ $1.256B ▲ $307.371M ▼ $948.821M ▲
Q2-2025 $205.286M ▲ $466.793M ▲ $1.385B ▲ $-917.996M ▼
Q1-2025 $176.879M $439.166M $1.278B $-838.724M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-133.412M ▼ $-53.046M ▼ $-8.92M ▲ $836.414M ▲ $789.876M ▲ $-61.966M ▼
Q2-2025 $-63.778M ▼ $-28.082M ▲ $-9.183M ▼ $66.534M ▼ $29.269M ▼ $-37.265M ▲
Q1-2025 $-60.093M ▼ $-56.537M ▼ $-2.654M ▲ $113.907M ▲ $54.716M ▲ $-59.191M ▼
Q2-2024 $-53.453M ▼ $-20.232M ▲ $-17.331M ▼ $21.939M ▲ $-15.624M ▲ $-37.563M ▲
Q1-2024 $-52.771M $-60.583M $-4.503M $21.877M $-43.209M $-65.086M

Five-Year Company Overview

Income Statement

Income Statement Firefly is still in an early, heavy-build phase. Revenue is tiny and has not really grown yet, while operating losses and net losses have widened compared with the prior year. Profitability is far off; costs to develop and launch products are running well ahead of sales, and gross margins have slipped from slightly positive to slightly negative. The business today is about funding and executing long-term programs, not about near-term earnings.

Balance Sheet

Balance Sheet The balance sheet is fragile. Firefly carries meaningful debt, cash remains limited, and shareholder equity is deeply negative and has deteriorated further. This signals that past losses have built up faster than new capital has come in. The company depends on continued access to external funding and contract inflows to support its growth and investment plans.

Cash Flow

Cash Flow Cash flow from operations is clearly negative and became more cash‑hungry year over year, reflecting higher spending than cash coming in from customers. Free cash flow is also negative and slightly worse, even though investment in equipment and facilities appears to have eased somewhat. The company is in investment mode and burning cash, so liquidity management and future financing are critical watch points.

Competitive Edge

Competitive Edge Firefly is trying to stand out in a crowded space-launch market by offering end‑to‑end services: small and medium launch vehicles, orbital transfer vehicles, and lunar landers. Its close ties with U.S. government and defense customers, including NASA and the Space Force, give it credibility and potential revenue stability that are hard for new entrants to match. At the same time, it competes against much larger and better‑funded players, so execution, reliability, and cost discipline will be crucial to sustaining its position.

Innovation and R&D

Innovation and R&D Innovation is a core strength. Firefly is pushing advanced composite rocket structures, simplified “tap‑off” cycle engines, and a highly integrated in‑house manufacturing approach aimed at speed and lower cost. Beyond launch, it is building lunar landers, orbital “space tugs,” and a planned medium‑lift reusable rocket with a new engine family, plus data and imaging services and on‑orbit computing. This broad roadmap offers multiple future revenue streams but also requires heavy, ongoing development spending and technical execution with little immediate financial payoff.

Summary

Firefly Aerospace is a young, capital‑intensive space company with ambitious technology and service offerings, but still at a very early commercial and financial stage. It has growing ties to government and defense customers and a differentiated, full‑stack space transportation vision, yet its financials show widening losses, a stressed balance sheet, and continuing cash burn. The story is currently about long‑term innovation and contract execution rather than current profitability, with significant upside potential but also substantial funding and execution risk.

NEWS

November 29, 2025 · 5:00 PM UTC

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Firefly Aerospace Inc. Investors to Inquire About Securities Class Action Investigation - FLY

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November 28, 2025 · 1:08 PM UTC

ROSEN, LEADING TRIAL ATTORNEYS, Encourages Firefly Aerospace Inc. Investors to Inquire About Securities Class Action Investigation - FLY

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November 28, 2025 · 11:44 AM UTC

Bragar Eagel & Squire, P.C. Reminds Investors of Telix Pharmaceuticals and Firefly Aerospace to Contact the Firm About their Rights Before Lead Plaintiff Deadlines

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November 28, 2025 · 11:18 AM UTC

UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly Aerospace

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November 28, 2025 · 10:10 AM UTC

FLY Investors Have Opportunity to Lead Firefly Aerospace Inc. Securities Fraud Lawsuit with the Schall Law Firm

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