Skip to content
NASDAQ · GUIDED MISSILES & SPACE VEHICLES & PARTS

Firefly Aerospace Inc. FLY

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$159.9M
▲ 163.0% YoY
$-298.3M
$-237.8M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Firefly provides Launch and Spacecraft Solutions platforms, offering the Alpha and Eclipse launch vehicles and the Blue Ghost and Elytra spacecraft, along with software and sensor offerings added through its acquisition of SciTec. As of December 31, 2025, it had 1,409 full-time employees and nine part-time employees. Its corporate headquarters and two primary facilities, the Rocket Ranch and the Hive, are located just north of Austin, Texas. As of December 31, 2025, it had approximately $1.4 billion in backlog. On October 31, 2025, it completed the acquisition of SciTec, adding software for missile warning, tracking, intelligence and surveillance applications and 470 employees. Its Blue Ghost lander has landed on the Moon and its spacecraft have operated in low earth, medium earth, geostationary and cislunar orbits, while its Elytra platform performs space domain awareness, long-range communications relay and on-orbit missions. It began operations in 2017 and reached orbit with the Alpha rocket in October 2022.

Written from the business description in Firefly Aerospace Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 20 March 2026. Every sentence was checked against that document before publication.

Growth

USD 159.9M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 159.9 · Net income -298.3
100M200M-150M-300M
202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−187 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -163.1% · Net -186.6%
-100%-200%-300%
202320242025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Gross margin19.2%
Operating margin-163.1%
Net margin-186.6%
EBITDAUSD -237.5M

Return on equity has no reading this year — return on capital employed, just below, still does: -28%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -237.8
-100M-200M
202320242025

Total assetsUSD 1.8B
CashUSD 793.0M
Gross debtUSD 7.1M
Net debtUSD -785.9M
Current ratio4.51×

Net debt stands at -66% of equity.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
FLY, 3-year financial record
Metric 202520242023
Revenue $B0.20.10.1
Operating income $B−0.3−0.2−0.1
EBITDA $B−0.2−0.2−0.1
Income tax $B−0.00.00.0
Net income $B−0.3−0.2−0.1
Free cash flow $B−0.2−0.2−0.2
EPS, diluted $−4.83−20.74−13.05
Dividend / sh $◌◌◌
Payout % — not applicable: no dividend———
ROE % — not applicable: negative equity———
Shares out B0.160.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 13 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 34 checks were skipped: the balance sheet is not tagged before 2024. 16 checks were skipped: EPS is not tagged before 2023. 16 checks were skipped: revenue is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityGuided Missiles & Space Vehicles & Parts
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

Share this section

Download image