Firefly Aerospace
FLY
21.51
-1.32
-5.78%
Firefly Aerospace
US · FLY
#2363 by market cap
Listed 2025
21.51
-1.32
-5.78%
Live - 5344 symbols - heartbeat 221s ago
· 2026-10-08 09:19
Pre-market
21.20
-1.44%
After-hours
21.56
+0.21%
Overnight
21.24
-1.26%
- Market cap
- 3.60B
- P/E (TTM)i
- -9.65
- P/Bi
- 2.94
- EPSi
- -2.10
- Div yieldi
- 0.00%
- 52W posi
- 12%
Reader sentiment
Are you bullish or bearish on FLY?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.73, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 3 years
Latest year +162.95% YoY
Margins
- Gross margin
- 19.18%
- Operating margin
- -163.08%
- Net margin
- -208.92%
Key ratios & quality
- Enterprise valuei
- 3.00B
- Altman Z-Scorei
- 2.73
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 55.24M | 60.79M | 159.86M |
| Gross profit | 26.60M | -11.37M | 30.67M |
| Selling & admin expenses | 40.61M | 46.85M | 91.25M |
| Research & development | 117.87M | 149.50M | 200.12M |
| Operating profit | -131.88M | -207.71M | -260.70M |
| Pretax profit | -135.46M | -231.13M | -335.47M |
| Tax | 0 | 0 | -37.13M |
| Net profit | -135.46M | -231.13M | -298.34M |
| Basic EPS | -1.23K | -2 | -5 |
| Diluted EPS | -1,229.57 | -1.86 | -4.83 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 55.86M | 15.55M | 30.78M | 57.67M | 80.88M | 117.68M |
| Gross profit | 2.22M | 4.00M | 8.49M | 15.96M | 17.46M | 23.88M |
| Selling & admin expenses | 12.75M | 12.57M | 21.92M | 44.00M | 45.62M | 47.54M |
| Research & development | 48.01M | 45.77M | 48.76M | 57.57M | 67.51M | 71.53M |
| Operating profit | -58.54M | -54.35M | -62.19M | -85.61M | -95.67M | -95.20M |
| Pretax profit | -60.09M | -63.78M | -133.41M | -78.19M | -96.61M | -92.35M |
| Tax | 0 | 0 | 0 | -37.13M | 67.00K | -35.00K |
| Net profit | -60.09M | -63.78M | -133.41M | -41.06M | -96.68M | -92.32M |
| Basic EPS | -1 | -1 | -2 | 0 | -1 | -1 |
| Diluted EPS | -0.50 | -0.56 | -1.50 | -0.26 | -0.61 | -0.57 |
Balance sheet
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total current assets | 149.95M | 180.72M | 963.18M |
| Cash & ST investments | 81.95M | 123.43M | 892.97M |
| Inventory | 247.00K | -- | -- |
| Total assets | 321.21M | 407.33M | 1.82B |
| Total current liabilities | 136.77M | 179.38M | 213.58M |
| Short-term debt | 2.82M | 8.33M | 9.32M |
| Long-term debt | 95.61M | 141.60M | 281.44M |
| Total liabilities | 825,692,000.00 | 1,174,954,000.00 | 634,995,000.00 |
| Total equity | -504.49M | -767.62M | 1.19B |
| Retained earnings | -504.49M | -767.62M | -1.02B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 209.60M | 234.11M | 1.02B | 963.18M | 673.55M | 799.29M |
| Cash & ST investments | 176.88M | 205.29M | 995.16M | 892.97M | 551.63M | 635.26M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 439.17M | 466.79M | 1.26B | 1.82B | 1.49B | 1.64B |
| Total current liabilities | 151.04M | 147.44M | 164.93M | 213.58M | 266.25M | 293.12M |
| Short-term debt | 8.00M | 8.25M | 8.43M | 9.32M | 10.23M | 11.53M |
| Long-term debt | 141.07M | 141.56M | 23.23M | 281.44M | 19.68M | 19.59M |
| Total liabilities | 1,277,890,000.00 | 1,384,789,000.00 | 307,371,000.00 | 634,995,000.00 | 387,106,000.00 | 416,298,000.00 |
| Total equity | -838.72M | -918.00M | 948.82M | 1.19B | 1.10B | 1.22B |
| Retained earnings | -838.73M | -918.00M | -979.22M | -1.02B | -1.12B | -1.21B |
Cash flow
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -93.43M | -157.65M | -204.92M |
| Depreciation & amortization | 4.71M | 12.55M | 23.16M |
| Free cash flow | -170.68M | -190.35M | -237.75M |
| Dividends paid | 0 | 0 | -4.99M |
| Stock buybacks / issuance | 0 | 0 | 943.71M |
| Ending cash balance | 95.15M | 137.56M | 792.97M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -56.54M | -28.08M | -53.05M | -67.26M | -62.55M | -81.57M |
| Depreciation & amortization | 4.00M | 3.92M | 5.62M | 9.62M | 15.93M | 13.95M |
| Free cash flow | -59.19M | -37.27M | -61.97M | -79.33M | -78.89M | -106.31M |
| Dividends paid | -- | -- | -- | 0 | -- | -- |
| Stock buybacks / issuance | -- | -- | 943.74M | -25.00K | -- | -- |
| Ending cash balance | 192.27M | 221.54M | 995.99M | 792.97M | 326.18M | 459.82M |
Returns & efficiency
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| ROE %i | -- | -- | -158.16 |
| ROA %i | -48.65 | -72.97 | -29.92 |
| ROIC %i | -- | -- | -73.60 |
| 5-year avg ROE %i | -- | -- | -- |
| EBIT margin %i | -232.78 | -346.69 | -196.37 |
| FCF / sales %i | -- | -- | -- |
| Current ratioi | 1.10 | 1.01 | 4.51 |
| Quick ratioi | 0.62 | 0.69 | 4.40 |
| Debt / assetsi | 37.65 | 41.34 | 16.91 |
| LT debt / equityi | -- | -- | 25.15 |
| Interest coveragei | -18.68 | -10.35 | -14.56 |
| Revenue CAGR (3Y) %i | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -41.72 | -158.16 | -269.28 | -242.95 |
| ROA %i | -63.78 | -64.61 | -31.51 | -29.92 | -37.11 | -35.18 |
| ROIC %i | -- | -- | -39.85 | -73.60 | -148.92 | -144.99 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -200.01 | -219.34 | -229.68 | -196.37 | -190.94 | -134.76 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.39 | 1.59 | 6.20 | 4.51 | 2.53 | 2.73 |
| Quick ratioi | 1.27 | 1.43 | 6.06 | 4.40 | 2.24 | 2.43 |
| Debt / assetsi | 38.06 | 35.89 | 3.54 | 16.91 | 3.55 | 3.26 |
| LT debt / equityi | -- | -- | 3.80 | 25.15 | 3.87 | 3.42 |
| Interest coveragei | -9.95 | -9.69 | -- | -14.56 | -18.60 | -28.09 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 09:19:18 · For reference only, not investment advice and not tailored to your situation.