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Financials · FLY

Firefly Aerospace Inc. (FLY) financials

For the twelve months ended Jun 30, 2026, Firefly Aerospace Inc. reported $287.01M of revenue and -$363.46M of net income.

Revenue, TTM
$287.01M
Revenue growth, YoY
+179.2%
Net income, TTM
-$363.46M
Net margin
-126.6%
Free cash flow, TTM
-$326.49M
Cash
$459.82M
P/S
12.10
Market cap
$3.47B
Annual revenue$159.85M
FY2023FY2025
Annual net income-$298.34M
FY2023FY2025
Annual free cash flow-$237.75M
FY2023FY2025

FLY revenue and earnings growth

FLY revenueQ2 2026$117.68M

Quarter YoY
+656.9%
QoQ
+45.5%
FY YoY
+163.0%

FLY revenue was $117.68M in fiscal Q2 2026 (ended Jun 30, 2026), up 656.9% from a year earlier and up 45.5% from the prior quarter. For the full fiscal 2025 it was $159.85M, up 163.0% from fiscal 2024.

FLY net incomeQ2 2026-$92.32M

FLY net income was -$92.32M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$63.78M a year earlier. For the full fiscal 2025 it was -$298.34M, compared with -$231.13M in fiscal 2024.

FLY EPSQ2 2026-$0.57

FLY diluted EPS was -$0.57 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$4.83.

FLY free cash flowQ2 2026-$106.31M

FLY free cash flow was -$106.31M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$37.27M a year earlier. For the full fiscal 2025 it was -$237.75M, compared with -$190.35M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue$159.85M$60.79M$55.23M
Cost of revenue$129.19M$72.16M$28.64M
Gross profit$30.67M-$11.37M$26.60M
Research and development$200.12M$149.50M$117.87M
Selling, general and admin$91.25M$46.85M$40.60M
Operating income-$260.69M-$209.45M-$131.88M
Pre-tax income-$335.47M-$231.13M-$135.46M
Income tax-$37.13M$0$4.0K
Net income-$298.34M-$231.13M-$135.46M
EPS, basic-$4.83-$20.74-$13.05
EPS, diluted-$4.83-$20.74-$13.05
Diluted shares69.2M12.8M12.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Cash and equivalents$792.97M$137.56M$81.94M
Short-term investments$100.01M$0-
Receivables$46.13M$1.00M-
Current assets$963.17M$180.72M-
Goodwill$450.12M$17.10M$17.10M
Total assets$1.82B$407.33M-
Current liabilities$213.58M$179.38M-
Short-term debt$7.10M$6.35M-
Total debt-$112.96M-
Total liabilities$635.00M$415.37M-
Shareholders' equity$1.19B-$767.62M-$504.49M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Operating cash flow-$204.92M-$157.65M-$93.43M
Capital expenditures$32.83M$32.70M$77.25M
Free cash flow-$237.75M-$190.35M-$170.68M
Investing cash flow-$401.56M-$32.70M-$69.99M
Financing cash flow$1.26B$232.76M$240.73M
Stock-based compensation$17.84M$1.84M$1.61M
Depreciation and amortization$23.16M$12.54M$4.71M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue growth, YoY163.0%10.1%-
Gross margin19.2%-18.7%48.2%
Operating margin-163.1%-344.5%-238.8%
Net margin-186.6%-380.2%-245.2%
Free cash flow margin-148.7%-313.1%-309.0%
Return on equity-25.1%--
Return on assets-16.3%-56.7%-
Current ratio4.511.01-

Source: XBRL data Firefly Aerospace Inc. files with the SEC, latest filing dated Aug 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FLY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FLY$287.01M+179.2%-$363.46M-126.6%$3.47B
LMT$79.12B+7.9%$6.51B8.2%$131.00B
TDG$10.01B+16.6%$2.13B21.3%$66.17B
FER€9.63B+5.2%€888.00M9.2%$42.24B
RKLB$769.15M+52.5%-$165.46M-21.5%$33.32B
ESLT$7.94B+16.3%$534.34M6.7%$31.75B
J$14.22B+20.1%$338.43M2.4%$17.43B
TTEK$5.07B-7.6%$435.98M8.6%$10.32B

FLY FAQ

8 questions
  • What is FLY revenue?
    Firefly Aerospace Inc. (FLY) reported $287.01M of revenue for the twelve months ended Jun 30, 2026. That is up 179.2% from the year before. Revenue for fiscal 2025 was $159.85M.
  • Is FLY profitable?
    No. Firefly Aerospace Inc. reported a net loss of $363.46M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does FLY have?
    Firefly Aerospace Inc. reported $459.82M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FLY revenue growing?
    Firefly Aerospace Inc.'s revenue changed +163.0% in fiscal 2025, to $159.85M.
  • What is FLY gross margin?
    Firefly Aerospace Inc.'s gross profit was $65.79M on $287.01M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 22.9%.
  • What is FLY free cash flow?
    Firefly Aerospace Inc. generated -$326.49M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$264.42M less capital expenditures.
  • When did FLY last report financial results?
    The latest statements here come from Firefly Aerospace Inc.'s 10-Q filed on Aug 11, 2026, covering the period ended Jun 30, 2026.
  • Where does this FLY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Firefly Aerospace Inc. files with the SEC. It is provided for information only and is not investment advice.