Firefly Aerospace Inc. FLY
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $55.2M | $60.8M | $159.9M |
| Gross profit | — | $26.6M | -$11.4M | $30.7M |
| Net income | — | -$135.5M | -$231.1M | -$298.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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