Firefly Aerospace Inc. logo

Firefly Aerospace Inc.

FLY

NASDAQIndustrialsAerospace & Defense

Previous close

$24.45

+$0.82 · +3.47%

Aug 21, 4:00 PM ET

FLY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

48

Fair Value

Momentum

28

Weakening

Sentiment

68

Bullish

Risk resilience

42

Elevated Risk

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Company profile

Company website

Firefly Aerospace Inc. is an innovative aerospace and defense technology firm that provides advanced mission capabilities for a wide range of clients, including national security initiatives, governmental bodies, and commercial ventures. The company specializes in integrated technologies for space launches and in-orbit operations, designed to facilitate efficient access, transit, and ongoing activities within the space environment. Its suite of key offerings includes: Alpha, a rapid-response small launch vehicle; Eclipse, a robust medium-lift launch system; Blue Ghost, which provides lunar payload delivery and surface operations; Elytra, offering in-space maneuverability and satellite servicing; and Ocula, a dedicated lunar imaging service. Established in 2017, the company is based in Cedar Park, Texas.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
Jason Kim
Listed since
Aug 7, 2025
Employees
1,409

Market position

Day range

Current $24.45

52-week range

Current $24.45

Open
$24.1399
Previous close
$23.63
Volume
2.1M
0.35× average
Average volume
5.96M
Average daily volume
Market cap
4.02B USD
Beta
0.69
Market reference 1
50-day average
$25.0668
-2.46% below average
200-day average
$27.4718
-11.00% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.91B USD
P/E (TTM)
-10.23×
P/B (TTM)
3.23×
P/S (TTM)
13.99×
EV / EBITDA
-10.07×
Earnings yield
-8.78%
Free cash flow yield
-7.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.27%
Operating margin
-116.40%
Net margin
-126.64%
Return on equity
-25.07%
Return on assets
-16.35%
Return on invested capital
-13.53%

Financial health

Debt / equity
0.04×
Current ratio
4.51×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends91%-80%-252%-423%Gross margin, FY2023: 48.16%Gross margin, FY2024: -18.69%Gross margin, FY2025: 15.56%Operating margin, FY2023: -238.75%Operating margin, FY2024: -344.54%Operating margin, FY2025: -154.25%Net margin, FY2023: -245.24%Net margin, FY2024: -380.20%Net margin, FY2025: -186.63%FY2023FY2024FY2025
Gross margin FY2023 48.16%. Gross margin FY2024 -18.69%. Gross margin FY2025 15.56%. Operating margin FY2023 -238.75%. Operating margin FY2024 -344.54%. Operating margin FY2025 -154.25%. Net margin FY2023 -245.24%. Net margin FY2024 -380.20%. Net margin FY2025 -186.63%.

Income trends

Revenue

159.86M USD+162.95%

Operating income

−246.58M USD-17.73%

Net income

−298.34M USD-29.08%
Income trends across reported periods205.67M USD22.4M USD−160.88M USD−344.16M USDRevenue, FY2023: 55.24M USDRevenue, FY2024: 60.79M USDRevenue, FY2025: 159.86M USDOperating income, FY2023: −131.88M USDOperating income, FY2024: −209.45M USDOperating income, FY2025: −246.58M USDNet income, FY2023: −135.46M USDNet income, FY2024: −231.13M USDNet income, FY2025: −298.34M USDFY2023FY2024FY2025
Revenue FY2023 55.24M USD. Revenue FY2024 60.79M USD. Revenue FY2025 159.86M USD. Operating income FY2023 −131.88M USD. Operating income FY2024 −209.45M USD. Operating income FY2025 −246.58M USD. Net income FY2023 −135.46M USD. Net income FY2024 −231.13M USD. Net income FY2025 −298.34M USD.
Metric (USD)FY2025FY2024FY2023
Revenue159.86M USD60.79M USD55.24M USD
Cost of goods sold134.99M USD72.16M USD28.64M USD
Gross profit24.87M USD−11.37M USD26.6M USD
Research and development200.12M USD149.5M USD117.87M USD
Selling, general, and administrative71.33M USD46.85M USD40.61M USD
Operating expenses271.45M USD198.09M USD158.48M USD
Interest income18.19M USD
Interest expense21.56M USD20.37M USD3.96M USD
Depreciation and amortization24.55M USD12.55M USD4.71M USD
Operating income−246.58M USD−209.45M USD−131.88M USD
Net income−298.34M USD−231.13M USD−135.46M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
3 beats, 3 misses, 0 met estimates
Average EPS surprise
-231.64%
6 comparable reports
Latest EPS result
-0.42
Estimate -0.51 · Beat by 18.07%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.32-2.11-3.9-5.69Q3 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q3 2025, reported Jul 11, 2025: actual -0.47, estimate -0.434, surprise -8.34%, Miss. Q3 2025, reported Sep 22, 2025: actual -5.3, estimate -0.42, surprise -1161.90%, Miss. Q4 2025, reported Nov 12, 2025: actual -1.5, estimate -0.409, surprise -266.49%, Miss. Q1 2026, reported Mar 19, 2026: actual -0.38, estimate -0.48, surprise +20.83%, Beat. Q2 2026, reported May 4, 2026: actual -0.46, estimate -0.5, surprise +8.00%, Beat. Q3 2026, reported Aug 11, 2026: actual -0.42, estimate -0.513, surprise +18.07%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate -0.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates125.85M88.31M50.76M13.22MQ3 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q3 2025, reported Jul 11, 2025: actual 55.86M USD, estimate 16.82M USD, surprise +232.13%, Beat. Q3 2025, reported Sep 22, 2025: actual 15.55M USD, estimate 16.82M USD, surprise -7.54%, Miss. Q4 2025, reported Nov 12, 2025: actual 30.78M USD, estimate 27.71M USD, surprise +11.08%, Beat. Q1 2026, reported Mar 19, 2026: actual 57.67M USD, estimate 52.41M USD, surprise +10.04%, Beat. Q2 2026, reported May 4, 2026: actual 80.88M USD, estimate 77.08M USD, surprise +4.93%, Beat. Q3 2026, reported Aug 11, 2026: actual 117.68M USD, estimate 88.2M USD, surprise +33.43%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 104.02M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

9 ratings
Strong buy00%
Buy778%
Hold222%
Sell00%
Strong sell00%

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