Firefly Aerospace Inc.
FLY
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Firefly Aerospace is positioned in the growing aerospace and defense industry, which is expected to see increased demand for launch services as satellite deployment rises.
- Revenue increased by 46% compared to the prior quarter, reaching $118 million.
- The gross margin was 20.3%, only slightly down from 21.6% in the previous quarter.
- Firefly Aerospace faces significant challenges with a high debt-to-equity ratio of 4.366 and negative profit margins, indicating financial instability.
- The operating margin remains deeply negative at -80.9%, reflecting ongoing operational inefficiencies.
- Net income for the latest quarter was -92.319 million, continuing a trend of losses over multiple quarters.
Fundamentals
| Market cap | $3.46B | Enterprise value | $2.88B | Trailing P/E | — | Forward P/E | -11.70 |
| PEG | — | Price / book | 2.81 | Beta | — | Dividend yield | 0.00% |
| Revenue growth | 6.6% | Earnings growth | — | Gross margin | 22.9% | Operating margin | -80.9% |
| Profit margin | -129.1% | ROE | -58.0% | ROA | -18.1% | Debt / equity | 0.04 |
| Current ratio | 2.73 | Free cash flow | -$166.67M | Analyst recommendation | none | Mean target | $38.18 |
| 52w high | $62.17 | 52w low | $16.00 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $118M | $80.9M | $57.7M | $30.8M | $15.5M | — |
| Op margin | -80.9% | -118.3% | -148.4% | -202.1% | -349.5% | — |
| Net income | -$92.3M | -$96.7M | -$41.1M | -$133M | -$63.8M | — |
| Gross margin | 20.3% | 21.6% | 27.7% | 27.6% | 25.7% | — |
| Gross profit | $23.9M | $17.5M | $16.0M | $8.5M | $4.0M | — |
| Operating income | -$95.2M | -$95.7M | -$85.6M | -$62.2M | -$54.4M | — |
- Revenue +46% vs prior quarter ($118M vs $81M).
- Gross margin 20.3% (was 21.6% prior quarter).
- Operating margin expanded to -80.9%.
Yearly (6y)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $160M | $60.8M | $55.2M |
| Op margin | -163.1% | -341.7% | -238.8% |
| Net income | -$298M | -$231M | -$135M |
| Gross margin | 19.2% | -18.7% | 48.2% |
| Gross profit | $30.7M | -$11.4M | $26.6M |
| Operating income | -$261M | -$208M | -$132M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Firefly's SciTec Expands US Air Force Contract for Counter-UAS Data Integration
2026-10-08 · Firefly’s SciTec Expands Contract with U.S. Air Force to Add Counter UAS Data in Advanced Battle Management System
2026-10-02 · Firefly Aerospace (FLY) Could Be 41% Undervalued As Lunar Orbit AI Deal Draws Focus
2026-10-01 · Firefly Aerospace vs. Redwire: Which U.S. Space Stock Is a Better Buy in 2026?
2026-10-01 · 3 Space Stocks to Watch in the New Moon Race
2026-10-01 · Firefly Aerospace Is the Space Stock Nobody Is Talking About
2026-10-01 · SpaceX Gets the Headlines, But These Three Companies Get the Contracts
2026-09-30 · Update: Firefly Aerospace Shares Rise After Signing Starcloud Lunar AI Computing Deal
2026-09-30 · Firefly Aerospace stock rises on Starcloud AI computing deal
2026-09-30 · Firefly Aerospace vs. GE Aerospace: Which Industrials Stock Is a Better Buy in 2026?
2026-09-30 · Firefly Aerospace Signs Commercial Payload With Starcloud for Orbiting AI Data Centers
2026-09-30 · Firefly Aerospace Signs Starcloud as Commercial Customer, Demonstrating Data Center Capabilities Around the Moon
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