Firefly Aerospace Inc. (FLY)
Firefly Aerospace Inc. is an innovative aerospace and defense technology firm that provides advanced mission capabilities for a wide range of clients, including national security initiatives, governmental bodies, and commercial ventures. The company specializes in integrated technologies for space launches and in-orbit operations, designed to facilitate efficient access, transit, and ongoing activities within the space environment. Its suite of key offerings includes: Alpha, a rapid-response small launch vehicle; Eclipse, a robust medium-lift launch system; Blue Ghost, which provides lunar payload delivery and surface operations; Elytra, offering in-space maneuverability and satellite servicing; and Ocula, a dedicated lunar imaging service. Established in 2017, the company is based in Cedar Park, Texas.
Sector: Guided Missiles & Space Vehicles & Parts
Industry: Aerospace & Defense
Firefly Aerospace Inc.
NASDAQ:FLYIndustrials · Aerospace & Defense
+36.80%$20.76
CLOSED · Nov 6Prev close$15.18+36.80%Close$20.76+0.34%AH close$20.83
AH$20.83+0.34%vs close
Mkt Cap$3.48B
Float49.79M
O/S167.4M
VOL13.36M sh
$ Vol$258.65M
RVOL3.97×
Inst Own56.9%
SI27.1%
Dilution
Financials Summary
Revenue$159.85M
Net Income-$298.34M
Total Assets$1.82B
Free Cash Flow-$237.75M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$308.59M
Total Equity$1.19B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FLY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.82B
Liabilities$635M
Accounts Receivable$46.13M
Accounts Payable$35.96M
Inventory$0
PP&E (Net)$181.41M
Goodwill$450.12M
Intangible Assets$165.71M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $159.85M | $60.79M | $55.23M |
| YoY Growth | 163.0% | 10.1% | - |
| Cost of Revenue | $134.99M | $72.16M | $28.64M |
| Gross Profit | $24.87M | -$11.37M | $26.6M |
| Gross Margin | 15.6% | -18.7% | 48.2% |
| Research and Development | $200.12M | $149.5M | $117.87M |
| Selling, General, and Administrative | $71.33M | $46.85M | $40.6M |
| Other | $0 | $1.74M | -$1K |
| Total Operating Expenses | $271.45M | $198.09M | $158.47M |
| Operating Income (EBIT) | -$246.58M | -$209.45M | -$131.88M |
| Operating Margin | -154.3% | -344.5% | -238.8% |
| Interest Expense | $21.56M | $20.37M | $3.96M |
| Interest Income | $18.19M | $0 | $0 |
| Other Income (Expense) | -$88.89M | -$21.68M | -$3.58M |
| Income Before Tax (EBT) | -$335.47M | -$231.13M | -$135.46M |
| Income Tax Expense | -$37.13M | $0 | $0 |
| Net Income | -$298.34M | -$231.13M | -$135.46M |
| Net Income Margin | -186.6% | -380.2% | -245.2% |
| Supplementary Data | |||
| EPS | -2.21 | -1.85 | -1.09 |
| Diluted EPS | -2.21 | -1.85 | -1.09 |
| Weighted Average OS | 151.89M | 143.65M | 143.65M |
| EBITDA | -$290.75M | -$198.22M | -$126.79M |
| EBITDA Margin | -181.9% | -326.1% | -229.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $792.97M | $123.43M | $81.94M |
| Short-Term Investments | $100.01M | $0 | $0 |
| Cash and Short-Term Investments | $892.97M | $123.43M | $81.94M |
| Accounts Receivable | $46.13M | $1M | $2.7M |
| Inventory | $0 | $0 | $247K |
| Other Current Assets | $24.07M | $1.94M | $7.51M |
| Total Current Assets | $963.17M | $180.72M | $149.94M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $181.41M | $153.89M | $138.26M |
| Goodwill | $450.12M | $17.1M | $17.1M |
| Intangible Assets | $165.71M | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $64.52M | $55.63M | $15.91M |
| Total Long-Term Assets | $861.76M | $226.62M | $171.26M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $1.82B | $407.33M | $321.21M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $35.96M | $37.72M | $27.62M |
| Short-Term Debt | $9.32M | $6.35M | $965K |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $116.14M | $108.07M | $89.4M |
| Other Current Liabilities | $52.17M | $10.84M | $452K |
| Total Current Liabilities | $213.58M | $179.38M | $136.77M |
| Long-Term Liabilities | |||
| Long-Term Debt | $281.44M | $141.6M | $95.61M |
| Long-Term Unearned Revenue | $92.56M | $45.9M | $33.75M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $29.57M | $789.61M | $537.04M |
| Total Long-Term Liabilities | $421.41M | $995.58M | $688.92M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $635M | $1.17B | $825.69M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $17K | $1K | $1K |
| Retained Earnings | -$1.02B | -$767.62M | -$504.49M |
| Comprehensive Income & Other | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.21B | $0 | $0 |
| Total Equity | $1.19B | -$767.62M | -$504.49M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.82B | $407.33M | $321.21M |
| Supplementary Data | |||
| Total Debt | $308.59M | $168.4M | $120.95M |
| Net Debt | -$484.37M | $44.97M | $39M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | -$298.34M | -$231.13M | -$135.46M |
| Depreciation & Amortization | $23.16M | $12.54M | $4.71M |
| Deferred Income Tax | -$37.19M | $0 | $0 |
| Stock-Based Compensation | $17.84M | $1.84M | $1.61M |
| Changes in Working Capital: | |||
| Accounts Receivable | $644K | $1.7M | -$1.04M |
| Inventory | $0 | $0 | $0 |
| Accounts Payable | -$17.2M | $6.99M | $10.77M |
| Other Working Capital | $20.23M | $36.94M | $23.67M |
| Total Working Capital Change | $3.67M | $45.63M | $33.4M |
| Other Non-Cash Items | $85.95M | $13.47M | $2.3M |
| Net Cash from Operating | -$204.92M | -$157.65M | -$93.43M |
| Investing Activities | |||
| Capital Expenditures | -$32.83M | -$32.7M | -$77.25M |
| Acquisitions | -$277.42M | $0 | $7.25M |
| Purchases of Investments | -$100M | $0 | $0 |
| Sales of Investments | $8.4M | $0 | $0 |
| Other Investing Activities | $280K | $0 | $0 |
| Net Cash from Investing | -$401.56M | -$32.7M | -$69.99M |
| Financing Activities | |||
| Debt Repaid | -$99.95M | -$45.19M | -$120.14M |
| Common Stock Issuance | $1.17B | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | $601K | -$1.47M | -$29.24M |
| Net Cash from Financing | $1.26B | $232.76M | $240.73M |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | $655.41M | $42.41M | $77.3M |
| Supplementary Data | |||
| Operating Cash Flow | -$204.92M | -$157.65M | -$93.43M |
| Capital Expenditure | -$32.83M | -$32.7M | -$77.25M |
| Free Cash Flow | -$237.75M | -$190.35M | -$170.68M |
| Cash at Beginning | $137.56M | $95.15M | $17.84M |
| Cash at End | $792.97M | $137.56M | $95.15M |