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Firefly Aerospace Inc.

FLY

$26.71 ▲ +2.67 (+11.11%) at close

9 Visible periods

24 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Firefly Aerospace Inc. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $4.3B

Dividend Yield —

Revenue Growth 44.8% ↘

Op. Margin -118.3% ↗

ROIC None

FCF / Share $-0.49

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

9-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$80.88M

↑ +44.8% —

Net Income Profit after all expenses

$-96.68M

↓ -60.9% —

Operating Margin Operating profit as % of sales

-118.3%

↑ +20.3% 1th

FCF / Share Free cash flow per share

$-0.49

↑ +88.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Financial Health ↓

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Revenue Growth YoY (%)	44.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+796%)	538.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+10668%)	37.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+652%)	-26.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-624%)	—	—	—	—	—
EPS Growth YoY (%)	88.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	58.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-25.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	-60.9% Weak ↓ Weak Declining Year-over-year change in net income	51.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-13.9% Weak Weak Year-over-year change in net income	-13.9% Weak Weak Year-over-year change in net income	—	—	—	—	—
FCF Growth YoY (%)	88.8% Excellent Excellent Year-over-year change in free cash flow	—	80.9% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Operating Margin (%) (%)	-118.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1086%)	-148.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1337%)	-202.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1784%)	-349.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3013%)	-104.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-973%)	—	-152.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1374%)	-232.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2034%)	—
Effective Tax Rate (%) (%)	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	47.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-119.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1594%)	-71.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-990%)	-195.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2541%)	-386.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4931%)	-107.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1445%)	—	-235.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3049%)	-250.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3231%)	—
FCF Margin (%) (%)	-97.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-137.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-201.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-239.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-106.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-475.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-200.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	0.82x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.51x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.85x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Return on Invested Capital (%)	—	—	—	-39.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—
Return on Capital (%) (%)	-6.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-11.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	-19.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—

⚖️ Is the balance sheet risky? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Interest Coverage (x)	-22.90x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	—	-22.10x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-7.84x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-9.49x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-13.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5.26x Weak Weak Operating income divided by interest expense Optimal: > 5x	-8.23x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-326.18M	$-792.97M	$-995.16M	$-69.17M	$-176.88M	$-123.43M	$-26.36M	$-21.86M	$-81.94M
Debt / EBITDA (x)	—	—	—	-2.70x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Revenue per Share (USD)	$0.51	—	$0.33	$1.12	$4.16	—	$1.73	$1.65	—
Basic EPS, GAAP (USD)	$-0.61	$2.42	$-1.50	$-5.78	$-5.38	$-7.94	$-3.57	$-4.60	—
Free Cash Flow per Share (USD)	$-0.49	—	$-0.66	$-2.69	$-4.40	—	$-3.47	—	—
Basic Weighted Avg Shares (shares)	159.64M	—	93.85M	13.88M	13.44M	—	12.92M	12.77M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Working Capital (USD)	$407.30M	$749.59M	$857.87M	$86.67M	—	$1.34M	—	—	—
LT Debt (USD)	—	—	—	$136.12M	—	—	—	—	—

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗
Sales/Revenue/Turnover (USD)	$80.88M	$57.67M	$30.78M	$15.55M	$55.85M	$9.03M	$22.37M	$21.07M	—
Depreciation Expense (USD)	$15.93M	$9.62M	$5.62M	$3.92M	$4.00M	$6.04M	$3.47M	$1.50M	—
Net Income, GAAP (USD)	$-96.68M	$-41.06M	$-60.09M	$-60.09M	$-60.09M	$-84.12M	$-52.77M	$-52.77M	—
Operating Cash Flow (USD)	$-62.55M	$-67.26M	$-53.05M	$-28.08M	$-56.54M	$-40.26M	$-36.58M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 3 years · 9 quarters

Firefly Aerospace Inc.

Analytical Summary

9-Year Financial Trajectory

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