Firefly Aerospace Inc.
FLY Nasdaq· Guided Missiles & Space Vehicles & Parts
Last close · Oct 27, 2026
$19.90
KIRA · Stoqly’s AI analyst, in plain words
- Firefly Aerospace Inc. had $160M of revenue in fiscal 2025, up 163.0% on the year before.
- Its operating margin was −163.1%, up 181.5 pts: of every 100 in sales, about −163 is left after running the business.
- Firefly Aerospace Inc. lost $298M in fiscal 2025.
- Free cash flow was −$238M in fiscal 2025, −148.7% of revenue.
- Firefly Aerospace Inc. has $883M more cash than debt.
Market cap
$3.2B
P/E
3.9x
Revenue
$160M
Net income
−$298M
Free cash flow
−$238M
Operating margin
−163.1%
Firefly Aerospace Inc. in 30 seconds · fiscal 2025
Are sales growing?
+163.0%
Yes. Sales grew 163.0% last year.
Does it make a profit?
−186.6%
No. It lost money last year.
Does profit turn into cash?
−148.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
3.9x
One share costs 3.9 times its yearly profit per share.
What Firefly Aerospace Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 20, 2026
- Legal name
- Firefly Aerospace Inc.
- CIK
- 0001860160
Firefly Aerospace Inc. · FLY
Results and finances
The last 3 fiscal years. Amounts in USD.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $55.2M | $60.8M | $160M |
| Revenue growth | — | 10.1% | 163.0% |
| Gross margin | 48.2% | −18.7% | 19.2% |
| Operating margin | −238.8% | −344.5% | −163.1% |
| Net income | −$135M | −$231M | −$298M |
| Net margin | −245.2% | −380.2% | −186.6% |
| Diluted EPS | −$13.05 | −$20.74 | −$4.83 |
| Cash | |||
| Cash from operations | −$93.4M | −$158M | −$205M |
| Capital expenditure | $77.2M | $32.7M | $32.8M |
| Free cash flow | −$171M | −$190M | −$238M |
| FCF margin | −309.0% | −313.1% | −148.7% |
| Share count change | — | 7.0% | 439.9% |
| Debt and strength | |||
| Cash and short-term investments | $81.9M | $123M | $893M |
| Debt incl. finance leases | — | $119M | $10.2M |
| Shareholders' equity | −$504M | −$768M | $1.2B |
| Current ratio | — | 1.0x | 4.5x |
| Interest coverage | −14.4x | −8.3x | −16.4x |
| Returns and quality | |||
| Return on capital | — | — | −67.7% |
| Return on equity | — | — | −141.3% |
| Return on tangible equity | — | — | −58.2% |
| Piotroski F-score | — | — | 5 |
| Altman Z'' | — | −11.5 | 1.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$384M
2 insiders
Of sales under plans
0%
$0.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Firefly Aerospace Inc. · FLY
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $19.90 a share, the company is worth $3.2B: 3.9 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001860160). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.