Firefly Aerospace Inc.

Firefly Aerospace Inc.

FLY
Firefly Aerospace Inc.US flagNASDAQ Global Market
28.00
USD
-0.90
- -
4.60BMarket Cap
Firefly Aerospace Inc.
FLY
(NASDAQ Global Market)

Recent

price

28.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2023
2024
2025
TTM
FRC
434.6
0.42
2.31
1.35
Revenue per Share
-1,229.57
-1.86
-4.83
-2.61
Basic EPS, GAAP
-1,342.96
-1.33
-3.44
-1.87
Free Cash Flow per Basic Share
- -
- -
0.07
- -
Dividend per Share
-3,969.38
-5.36
-14.74
-8.13
Book Value per Share
-4,103.91
-5.48
8.3
3.57
Tangible Book Value per Share
- -
143
69
137
Basic Weighted Avg Shares
55
61
160
185
Sales/Revenue/Turnover
-238.75
-341.67
-163.08
-161.09
Operating Margin (%)
5
13
23
35
Depreciation Expense
-135
-231
-298
-335
Net Income, GAAP
- -
- -
- -
- -
Effective Tax Rate (%)
-245.24
-380.2
-186.63
-181.16
Profit Margin (%)
13
1
750
407
Working Capital
118
160
299
43
LT Debt
-504
-768
1,190
1,105
Total Equity
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8
9
10
LT Borrowings
23
281
20
LT Finance Leases
13
18
23
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
148
159
160
Market Capitalization
3,690
2,982
3,912

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,023
963
674
Cash, Cash Equivalents & STI
995
893
552
Accounts Receivable, Net
5
46
45
Inventories
- -
- -
- -
Total Current Liabilities
165
214
266
Payables & Accruals
51
79
92
ST Debt
8
9
10
Deferred Revenue
95
116
146

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-255.02%
Free Cash Flow
- -
- -
24.9%
Net Income, GAAP
- -
- -
29.08%
Sales/Revenue/Turnover
- -
- -
162.95%
Total Cash Common Dividend
- -
- -
-11.66%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8
21
22
9
61
2025
56
16
31
58
160
2026
81
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-456.28
-462.25
-363.07
- -
-1.86
2025
-0.5
-0.57
-1.5
-0.26
-4.83
2026
-0.61
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.07
2026
- -
- -
- -
- -
- -
Business
Firefly Aerospace Inc. operates as a space and defense technology company focused on providing mission solutions for government, commercial, and national security customers. The company designs, develops, and manufactures small- and medium-lift launch vehicles including the Alpha rocket series; lunar landers such as the Blue Ghost, which supports lunar surface deliveries, night operations, and sample return missions; and orbital vehicles including the Elytra series that provide on-demand payload delivery, in-space maneuverability, imaging, long-haul communications, and space domain awareness across cislunar space. Firefly's spacecraft offerings feature common flight-proven technologies and carbon composite structures, optimizing speed, reliability, and cost efficiency for space deployment and cislunar operations. The company supports launch services from sites in California and Florida and operates from its headquarters and manufacturing facilities in Cedar Park, Texas. Founded in 2017 as the successor to Firefly Space Systems, Firefly Aerospace has grown to over 800 employees with a focus on rapid innovation and expanding space access. Recent developments include strategic partnerships with defense contractors like Lockheed Martin, L3Harris, and investment from Northrop Grumman, bolstering its position in defense and commercial space markets. In 2024 and 2025, Firefly launched new mission offerings such as the Ocula lunar imaging service for high-resolution lunar surface imagery and has been awarded contracts by the U.S. Defense Innovation Unit for rapid deployment of Elytra Dawn orbital vehicles as part of responsive space mission projects. In October 2025, Firefly acquired a defense technology firm for $855 million, expanding its capabilities in missile warning, tracking, autonomous command control, and launch and space services integration. However, in 2025 the company faced setbacks with failed Alpha rocket launches and declining Spacecraft Solutions revenue, raising market concerns about operational readiness. Despite challenges, Firefly continues advancing its lunar delivery, orbital servicing, and launch vehicle programs while growing its backlog in government and commercial contracts. Firefly operates primarily in the aerospace and defense sectors, targeting national security agencies, government space programs such as NASA, and commercial space enterprises. It provides launch vehicle manufacturing, lunar and orbital spacecraft service offerings, and mission services from low Earth orbit to the Moon and beyond. Firefly aims to facilitate rapid, reliable access to space utilizing scalable vehicle architectures and integrated space domain solutions. The company is headquartered in Cedar Park, Texas, and maintains key manufacturing facilities and launch operations infrastructure in the United States.

Company News

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