Firefly Aerospace Inc. FLY

Consumer discretionary SIC 3760 - Guided Missiles & Space Vehicles & Parts Nasdaq

Firefly is a market-leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe. Backed by our world-class team and proven technology, we have designed, developed, and deployed our class-leading launch vehicles and dynamic spacecraft solutions to support critical customer missions across the space domain. As a leader of responsive mission solutions and the only commercial company to achieve a fully successful Moon landing, we are a partner of choice for national security, government, and commercial customers for their critical space missions. As a U.S.-based company, our purpose-built family of products aligns with the ongoing paradigm shift in government missions and procurement processes, where speed, dependability, efficiency, and economics drive customer decision-making. On August 8, 2025, we completed an initial public offering ("IPO") of shares of our common stock.

Last close 21.67 2026-09-04
Market cap $3.63B 2026-06-30 share count
52-week range 16.00 - 62.17

Valuation FY2025 figures against the last close

P/S22.7x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-4.83

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $159.9M$60.8M$55.2M
Cost of revenue $129.2M$72.2M$28.6M
Gross profit $30.7M-$11.4M$26.6M
R&D $200.1M$149.5M$117.9M
SG&A $91.2M$46.8M$40.6M
Total operating expenses $291.4M$198.1M$158.5M
Operating income -$260.7M-$209.5M-$131.9M
Pre-tax income -$335.5M-$231.1M-$135.5M
Income tax $37.1M$0$4.0K
Net income -$298.3M-$231.1M-$135.5M
EPS, basic -4.83-20.74-13.05
EPS, diluted -4.83-20.74-13.05
Shares, diluted (wtd. avg.) $69.2M$12.8M$12.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $793.0M$123.4M$81.9M$17.8M
Short-term investments $100.0M$0
Receivables $46.1M$1.0M
Total current assets $963.2M$180.7M
Property, plant and equipment $163.7M$135.6M
Goodwill $450.1M$17.1M$17.1M
Other intangibles $165.7M$0
Total assets $1.82B$407.3M
Accounts payable $35.6M$37.6M
Short-term debt $7.1M$6.3M
Total current liabilities $213.6M$179.4M
Total liabilities $635.0M$415.4M
Retained earnings -$1.02B-$767.6M
Total equity $1.19B-$767.6M-$504.5M-$350.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow -$204.9M-$157.7M-$93.4M
Depreciation and amortisation $23.2M$12.5M$4.7M
Stock-based compensation $17.8M$1.8M$1.6M
Capital expenditure $32.8M$32.7M$77.2M
Investing cash flow -$401.6M-$32.7M-$70.0M
Financing cash flow $1.26B$232.8M$240.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-116309.

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