NASDAQ : FLY
Firefly Aerospace Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 17.935 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.00B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Firefly Aerospace Inc. (FLY) reported revenue of 287.01M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 287.01M | 159.85M | 60.79M | 55.23M |
| Cost of Revenue | 221.23M | 129.19M | 72.16M | 28.64M |
| Gross Profit | 65.79M | 30.67M | -11.37M | 26.60M |
| Selling, General & Admin | 124.79M | 52.73M | 46.85M | 40.60M |
| Research & Development | 245.37M | 200.12M | 149.50M | 117.87M |
| Operating Expenses | 370.16M | 252.85M | 196.35M | 158.48M |
| Operating Income | -304.37M | -222.18M | -207.71M | -131.88M |
| Interest Expense | -20.72M | -57.19M | -57.65M | -27.70M |
| Interest & Investment Income | 25.71M | 18.19M | 2.60M | 2.92M |
| Other Non Operating Income (Expenses) | -53.14M | -49.40M | -1.31M | 381.00K |
| EBT Excluding Unusual Items | -352.53M | -310.58M | -264.07M | -156.27M |
| Merger & Restructuring Charges | -30.50M | -30.50M | ||
| Gain (Loss) on Sale of Assets | 9.00K | 9.00K | -1.74M | 1.00K |
| Other Unusual Items | -24.49M | -30.02M | ||
| Pretax Income | -407.51M | -371.09M | -265.81M | -156.27M |
| Income Tax Expense | -37.10M | -37.13M | ||
| Net Income | -370.41M | -333.96M | -265.81M | -156.27M |
| Net Income to Common | -370.41M | -333.96M | -265.81M | -156.27M |
| Shares Outstanding (Basic) | 142.73M | 69.20M | 12.82M | 11.98M |
| Shares Outstanding (Diluted) | 142.73M | 69.20M | 12.82M | 11.98M |
| EPS (Basic) | -2.60 | -4.83 | -20.74 | -13.05 |
| EPS (Diluted) | -2.60 | -4.83 | -20.74 | -13.05 |
| Free Cash Flow | -326.49M | -237.75M | -190.35M | -170.68M |
| Free Cash Flow Per Share | -2.29 | -3.44 | -14.85 | -14.25 |
| Gross Margin | 22.92% | 19.18% | -18.70% | 48.16% |
| Operating Margin | -106.05% | -138.99% | -341.68% | -238.75% |
| Profit Margin | -129.06% | -208.92% | -437.24% | -282.92% |
| Free Cash Flow Margin | -113.76% | -148.73% | -313.11% | -309.01% |
| EBITDA | -259.18M | -199.03M | -195.17M | -127.17M |
| EBITDA Margin | -90.30% | -124.50% | -230.23% | |
| D&A For EBITDA | 45.20M | 23.16M | 12.54M | 4.71M |
| EBIT | -304.37M | -222.18M | -207.71M | -131.88M |
| EBIT Margin | -106.05% | -138.99% | -238.75% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 459.82M | 792.97M | 123.43M | 81.94M |
| Short-Term Investments | 175.45M | 100.01M | ||
| Cash & Short-Term Investments | 635.26M | 892.97M | 123.43M | 81.94M |
| Receivables | 78.05M | 46.13M | 1.00M | 2.70M |
| Inventory | 247.00K | |||
| Prepaid Expenses | 2.02M | |||
| Restricted Cash | 424.00K | 2.44M | ||
| Other Current Assets | 85.97M | 24.07M | 55.86M | 60.59M |
| Total Current Assets | 799.29M | 963.17M | 180.72M | 149.94M |
| Property, Plant & Equipment | 207.84M | 181.41M | 153.89M | 138.26M |
| Goodwill | 466.98M | 450.12M | 17.10M | 17.10M |
| Other Intangible Assets | 152.29M | 165.71M | ||
| Other Long-Term Assets | 12.82M | 64.52M | 55.63M | 15.91M |
| Total Assets | 1.64B | 1.82B | 407.33M | 321.21M |
| Accounts Payable | 57.82M | 35.96M | 37.72M | 27.62M |
| Accrued Expenses | 53.80M | 42.76M | 14.42M | 16.47M |
| Current Portion of Long-Term Debt | 7.41M | 7.10M | 6.35M | 965.00K |
| Current Portion of Leases | 4.12M | 2.22M | 1.98M | 1.85M |
| Current Unearned Revenue | 151.17M | 116.14M | 108.07M | 89.40M |
| Other Current Liabilities | 18.80M | 9.42M | 10.84M | 452.00K |
| Total Current Liabilities | 293.12M | 213.58M | 179.38M | 136.77M |
| Long-Term Debt | 19.59M | 281.44M | 141.60M | 95.61M |
| Long-Term Leases | 22.28M | 17.84M | 18.46M | 22.52M |
| Long-Term Unearned Revenue | 58.37M | 92.56M | 45.90M | 33.75M |
| Other Long-Term Liabilities | 22.94M | 29.57M | 30.03M | 1.18M |
| Total Liabilities | 416.30M | 635.00M | 415.37M | 289.83M |
| Common Stock | 17.00K | 17.00K | 1.00K | 4.00K |
| Additional Paid-In Capital | 2.43B | 2.21B | ||
| Retained Earnings | -1.21B | -1.02B | -767.62M | -504.49M |
| Total Common Equity | 1.22B | 1.19B | -767.62M | -504.49M |
| Shareholders' Equity | 1.22B | 1.19B | -8.04M | 31.38M |
| Total Liabilities & Equity | 1.64B | 1.82B | 407.33M | 321.21M |
| Total Debt | 53.40M | 308.59M | 168.40M | 120.95M |
| Net Cash (Debt) | 581.87M | 584.38M | -44.97M | -39.00M |
| Net Cash Per Share | 4.08 | 8.44 | -3.51 | -3.26 |
| Filing Date Shares Outstanding | 167.40M | 159.95M | 13.24M | 11.98M |
| Total Common Shares Outstanding | 166.21M | 159.28M | 13.24M | 11.98M |
| Working Capital | 506.17M | 749.59M | 1.34M | 13.17M |
| Book Value Per Share | 7.36 | 7.47 | -57.97 | -42.12 |
| Tangible Book Value | 603.65M | 574.11M | -784.72M | -521.58M |
| Tangible Book Value Per Share | 3.63 | 3.60 | -59.27 | -43.55 |
| Land | 5.80M | 5.12M | 3.50M | 2.50M |
| Buildings | 60.76M | 49.00M | 48.83M | 10.07M |
| Machinery | 68.64M | 56.67M | 45.82M | 19.15M |
| Construction In Progress | 30.29M | 38.65M | 17.55M | 84.97M |
| Leasehold Improvements | 19.79M | 12.98M | 7.28M | 7.28M |
| Order Backlog | 1.35B | 1.10B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -370.41M | -333.96M | -265.81M | -156.27M |
| Depreciation & Amortization | 45.20M | 23.16M | 12.54M | 4.71M |
| Loss (Gain) From Sale of Assets | -9.00K | -9.00K | 1.74M | -1.00K |
| Stock-Based Compensation | 46.19M | 17.84M | 1.84M | 1.61M |
| Other Operating Activities | 48.41M | 84.39M | 46.41M | 23.12M |
| Change in Accounts Receivable | -23.00M | 644.00K | 1.70M | -1.04M |
| Change in Accounts Payable | 7.75M | -17.20M | 6.99M | 10.77M |
| Change in Unearned Revenue | 49.24M | 52.96M | 30.82M | 53.24M |
| Change in Other Net Operating Assets | -67.78M | -32.73M | 6.12M | -29.57M |
| Operating Cash Flow | -264.42M | -204.92M | -157.65M | -93.43M |
| Capital Expenditures | -62.08M | -32.83M | -32.70M | -77.25M |
| Sale of Property, Plant & Equipment | 280.00K | 280.00K | ||
| Cash Acquisitions | -281.12M | -277.42M | 7.25M | |
| Investment in Securities | -166.59M | -91.59M | ||
| Investing Cash Flow | -509.50M | -401.56M | -32.70M | -69.99M |
| Long-Term Debt Issued | 260.00M | 48.99M | 122.86M | |
| Long-Term Debt Repaid | -155.72M | -3.80M | -2.72M | |
| Net Debt Issued (Repaid) | -154.39M | 104.28M | 45.19M | 120.14M |
| Issuance of Common Stock | 1.14B | 946.52M | 832.00K | 866.00K |
| Preferred Dividends Paid | -4.99M | -4.99M | ||
| Dividends Paid | -4.99M | -4.99M | ||
| Other Financing Activities | -18.03M | -15.91M | -2.30M | -30.10M |
| Financing Cash Flow | 1.01B | 1.26B | 232.76M | 240.73M |
| Net Cash Flow | 238.27M | 655.41M | 42.41M | 77.30M |
| Free Cash Flow | -326.49M | -237.75M | -190.35M | -170.68M |
| Free Cash Flow Margin | -113.76% | -148.73% | -313.11% | -309.01% |
| Free Cash Flow Per Share | -2.29 | -3.44 | -14.85 | -14.25 |
| Levered Free Cash Flow | -166.67M | -146.13M | -136.35M | |
| Unlevered Free Cash Flow | -153.72M | -110.39M | -100.33M | |
| Cash Interest Paid | 10.93M | 16.49M | 21.13M | 12.58M |
| Change in Working Capital | -33.79M | 3.67M | 45.63M | 33.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 2.90B | 3.56B | ||
| Enterprise Value | 2.32B | 2.61B | ||
| Last Close Price | 17.93 | 22.37 | ||
| PS Ratio | 10.46 | 22.29 | ||
| PB Ratio | 2.44 | 2.99 | ||
| P/TBV Ratio | 4.97 | 6.21 | ||
| EV/Sales Ratio | 8.43 | 16.34 | ||
| Debt / Equity Ratio | 0.04 | 0.26 | -20.95 | 3.85 |
| Net Debt / Equity Ratio | -0.48 | -0.49 | -5.59 | 1.24 |
| Net Debt / EBITDA Ratio | 2.25 | 2.94 | -0.23 | -0.31 |
| Net Debt / FCF Ratio | 1.78 | 2.46 | -0.24 | -0.23 |
| Asset Turnover | 0.27 | 0.14 | 0.17 | |
| Quick Ratio | 2.43 | 4.40 | 0.69 | 0.62 |
| Current Ratio | 2.73 | 4.51 | 1.01 | 1.10 |
| Return on Equity (ROE) | -57.95% | -56.51% | -2,277.82% | |
| Return on Assets (ROA) | -18.07% | -12.44% | -35.64% | |
| Return on Capital Employed (ROCE) | -22.60% | -13.80% | -91.10% | -71.50% |
| Earnings Yield | -15.00% | -9.38% | ||
| FCF Yield | -10.87% | -6.67% | ||
| Buyback Yield / Dilution | -970.46% | -439.86% | -7.03% |