Firefly Aerospace FLY
$20.76 +$5.59 (+36.80%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $20.83 +0.34%
Open$17.11
Prev close$15.18
Day range$16.31 – $20.88
Volume13.36M
Market cap$3.48B
P/E (TTM)–
Dividend yield–
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$117.68M+656.9% YoY
Operating profit-$95.20M-75.2% YoY
Net profit-$92.32M-44.8% YoY
Diluted EPS-$0.57-1.7% YoY
Free cash flow-$106.31M-185.3% YoY
Operating cash flow-$81.57M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin22.9%
Operating margin-118.0%
Net margin-129.1%
Return on equity-243.0%
Return on assets-35.2%
Return on invested capital-145.0%
Current ratio2.73
Liabilities / assets25.4%
Cash & investments$635.26M
Total debt$49.28M
Net cash (debt)$585.99M
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $117.68M | $80.88M | $159.86M | $57.67M | $30.78M |
| Total Operating Revenue | $117.68M | $80.88M | $159.86M | $57.67M | $30.78M |
| Cost of Revenue | $93.81M | $63.42M | $129.19M | $41.71M | $22.29M |
| Gross Profit | $23.88M | $17.46M | $30.67M | $15.96M | $8.49M |
| Operating Expense | $119.07M | $113.13M | $291.36M | $101.57M | $70.68M |
| Selling and Admin Expenses | $47.54M | $45.62M | $91.25M | $44.00M | $21.92M |
| Research & Development | $71.53M | $67.51M | $200.12M | $57.57M | $48.76M |
| Operating Profit | -$95.20M | -$95.67M | -$260.70M | -$85.61M | -$62.19M |
| Net Non-Operating Interest Income (Expense) | $2.54M | $2.37M | -$3.38M | $5.69M | $1.33M |
| Non-Operating Interest Income | $4.34M | $5.97M | $18.19M | – | – |
| Non-Operating Interest Expense | $1.79M | $3.61M | $21.56M | – | – |
| Other Income (Expense) | $301,000.00 | -$3.31M | -$71.40M | $1.73M | -$72.55M |
| Gain on Sale of Security | -$625,000.00 | -$3.68M | -$50.30M | -$3.04M | -$42.15M |
| Special Income (Charges) | $926,000.00 | $381,000.00 | -$21.99M | $8.41M | -$30.40M |
| -Less:Restructuring and Mergern & Acquisition | -$926,000.00 | -$381,000.00 | -$8.40M | – | – |
| Pretax Profit | -$92.35M | -$96.61M | -$335.47M | -$78.19M | -$133.41M |
| Tax | -$35,000.00 | $67,000.00 | -$37.13M | -$37.13M | $0.00 |
| Net Profit | -$92.32M | -$96.68M | -$298.34M | -$41.06M | -$133.41M |
| Profit from Continuing Operations | -$92.32M | -$96.68M | -$298.34M | -$41.06M | -$133.41M |
| Net Income to Parent Company | -$92.32M | -$96.68M | -$298.34M | -$41.06M | -$133.41M |
| Net Income to Common Stockholders | -$92.32M | -$96.68M | -$333.96M | -$41.06M | -$140.36M |
| Basic EPS | -$0.57 | -$0.61 | -$4.83 | -$0.26 | -$1.50 |
| Diluted EPS | -$0.57 | -$0.61 | -$4.83 | -$0.26 | -$1.50 |
| Other Non-Operating Income (Expenses) | – | -$7,000.00 | $894,000.00 | -$3.63M | -$3,000.00 |
| -Less:Other Special Charges | – | – | $30.40M | $0.00 | $30.40M |
| -Gain on Sale of Property/Plant/Equipment | – | – | $9,000.00 | $9,000.00 | $0.00 |
| Preferred Stock Dividends | – | – | $35.62M | $0.00 | $6.95M |
| Total Other Finance Costs | – | – | – | – | -$1.33M |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $1.64B | $1.49B | $1.82B | $1.82B | $1.26B |
| Total Current Assets | $799.29M | $673.55M | $963.18M | $963.18M | $1.02B |
| Cash and Cash Equivalents & Short-Term Investments | $635.26M | $551.63M | $892.97M | $892.97M | $995.16M |
| -Cash and Cash Equivalents | $459.82M | $326.18M | $792.97M | $792.97M | $995.16M |
| -Short Term Investments | $175.45M | $225.45M | $100.01M | $100.01M | – |
| Receivables | $78.05M | $44.80M | $46.13M | $46.13M | $5.13M |
| -Accounts Receivable | $58.11M | $44.80M | $46.13M | $46.13M | $5.13M |
| -Other Receivables | $19.94M | – | – | – | – |
| Prepaid Assets | $71.59M | $61.84M | $12.35M | $12.35M | $14.26M |
| Other Current Assets | $14.38M | $15.28M | $11.72M | $11.72M | $7.43M |
| Total Non-Current Assets | $839.93M | $818.44M | $861.76M | $861.76M | $233.39M |
| Net PPE | $207.85M | $190.74M | $181.41M | $181.41M | $156.64M |
| -Gross PPE | $259.39M | $238.02M | $223.50M | $223.50M | $193.11M |
| -Accumulated Depreciation | -$51.54M | -$47.28M | -$42.09M | -$42.09M | -$36.47M |
| Non-Current Prepaid Assets | $10.27M | $10.31M | $60.50M | $60.50M | $45.37M |
| Goodwill and Other Intangible Assets | $619.27M | $613.65M | $615.83M | $615.83M | $17.10M |
| -Goodwill | $466.98M | $453.44M | $450.12M | $450.12M | $17.10M |
| -Other Intangible Assets | $152.29M | $160.21M | $165.71M | $165.71M | – |
| Other Non-Current Assets | $2.55M | $3.75M | $4.02M | $4.02M | $14.29M |
| Total Liabilities | $416.30M | $387.11M | $635.00M | $635.00M | $307.37M |
| Total Current Liabilities | $293.12M | $266.25M | $213.58M | $213.58M | $164.93M |
| Payables | $59.27M | $41.66M | $35.96M | $35.96M | $31.22M |
| -Accounts Payable | $59.27M | $41.66M | $35.96M | $35.96M | $31.22M |
| Current Accrued Expenses | $52.36M | $50.36M | $42.76M | $42.76M | $20.17M |
| Short-Term Debt and Capital Lease Obligation | $11.53M | $10.23M | $9.32M | $9.32M | $8.43M |
| -Current Debt | $7.41M | $7.12M | $7.10M | $7.10M | $6.99M |
| -Current Capital Lease Obligation | $4.12M | $3.12M | $2.22M | $2.22M | $1.44M |
| Current Deferred Liabilities | $151.17M | $146.24M | $116.14M | $116.14M | $95.20M |
| Other Current Liabilities | $18.80M | $17.76M | $9.42M | $9.42M | $9.91M |
| Total Non-Current Liabilities | $123.18M | $120.86M | $421.41M | $421.41M | $142.44M |
| Long Term Debt and Capital Lease Obligation | $41.87M | $42.76M | $299.28M | $299.28M | $36.05M |
| -Long Term Debt | $19.59M | $19.68M | $281.44M | $281.44M | $23.23M |
| -Long Term Capital Lease Obligation | $22.28M | $23.07M | $17.84M | $17.84M | $12.82M |
| Derivative Product Liabilities | $16.60M | $15.98M | $12.29M | $12.29M | $5.27M |
| Non-Current Deferred Liabilities | $58.37M | $52.53M | $92.57M | $92.57M | $74.52M |
| Other Non-Current Liabilities | $6.34M | $9.60M | $17.28M | $17.28M | $26.61M |
| Total Equity | $1.22B | $1.10B | $1.19B | $1.19B | $948.82M |
| Stockholders' Equity | $1.22B | $1.10B | $1.19B | $1.19B | $948.82M |
| Capital Stock | $17,000.00 | $17,000.00 | $17,000.00 | $17,000.00 | $16,000.00 |
| -Common Stock | $17,000.00 | $17,000.00 | $17,000.00 | $17,000.00 | $16,000.00 |
| Additional Paid-In Capital | $2.43B | $2.22B | $2.21B | $2.21B | $1.93B |
| Retained Earnings | -$1.21B | -$1.12B | -$1.02B | -$1.02B | -$979.22M |
| Restricted Cash | – | – | $0.00 | $0.00 | $829,000.00 |
| Convertible preferred securities | – | – | $0.00 | $0.00 | $0.00 |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$81.57M | -$62.55M | -$204.92M | -$67.26M | -$53.05M |
| Net cash flow from continuing operations | -$81.57M | -$62.55M | -$204.92M | -$67.26M | -$53.05M |
| Net Income from Continuing Operations | -$92.32M | -$96.68M | -$298.34M | -$41.06M | -$133.41M |
| Gain/Loss from Continuing Operations | $625,000.00 | $3.68M | $80.69M | $3.03M | $72.55M |
| Depreciation & Depletion & Amortization | $13.95M | $15.93M | $23.16M | $9.62M | $5.62M |
| Other Non-Cash Items | -$2.54M | -$306,000.00 | $5.26M | $666,000.00 | $1.01M |
| Change in Working Capital | -$18.31M | $2.31M | $3.67M | -$14.97M | -$2.82M |
| -Change in Receivables | -$29.61M | $1.33M | $644,000.00 | $4.77M | $511,000.00 |
| -Change in Prepaid Assets | -$9.08M | $704,000.00 | $21.33M | -$13.22M | -$4.23M |
| -Change in Payables and Accrued Expense | $20.45M | $11.13M | -$39.78M | -$30.15M | -$8.89M |
| -Change in Other Current Assets | $2.47M | -$3.77M | $1.81M | $1.26M | $3.81M |
| -Change in Other Current Liabilities | -$13.32M | $2.86M | -$33.30M | -$14.84M | -$5.21M |
| -Change In Other Working Capital | $10.78M | -$9.94M | $52.96M | $37.21M | $11.19M |
| Net cash flow from investing | $21.56M | -$141.34M | -$401.56M | -$380.80M | -$8.92M |
| Net Cash Flow from Continuing Investing Activities | $21.56M | -$141.34M | -$401.56M | -$380.80M | -$8.92M |
| Net PPE Purchase and Sale | -$24.74M | -$16.35M | -$32.55M | -$11.79M | -$8.92M |
| Net Investment Purchase and Sale | $50.00M | -$124.99M | -$91.60M | – | – |
| Financing Cash Flow | $193.65M | -$262.91M | $1.26B | $245.04M | $836.41M |
| Net Cash Flow from Continuing Financing Activities | $193.65M | -$262.91M | $1.26B | $245.04M | $836.41M |
| Net Issuance Payments Of Debt | -$733,000.00 | -$262.01M | $104.28M | $258.02M | -$149.66M |
| Net Preferred Stock Issuance | $0.00 | $0.00 | $232.00M | -$3.51M | $51.39M |
| Proceeds from Stock Option Exercised | $11.59M | $452,000.00 | $2.20M | -$34,000.00 | $1.64M |
| Net Other Financing Charges | -$1.32M | -$1.34M | -$15.31M | -$9.42M | -$5.70M |
| Ending Cash Balance | $459.82M | $326.18M | $792.97M | $792.97M | $995.99M |
| Net Change in Cash | $133.64M | -$466.79M | $655.41M | -$203.03M | $774.45M |
| Beginning Cash Balance | $326.18M | $792.97M | $137.56M | $995.99M | $221.54M |
| Free Cash Flow | -$106.31M | -$78.89M | -$237.75M | -$79.33M | -$61.97M |
| Deferred Tax | – | – | -$37.19M | – | – |
| Net Business Purchase and Sale | – | – | -$277.42M | – | – |
| Net Common Stock Issuance | – | – | $943.71M | -$25,000.00 | $943.74M |
| Cash Dividends Paid | – | – | -$4.99M | $0.00 | – |
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