Symbols / FLY Stock $34.51 -1.76% Firefly Aerospace Inc.

Industrials • Aerospace & Defense • United States • NGM
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Stock Fundamentals
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Index EQUITY
Sector Industrials
Industry Aerospace & Defense
CEO Mr. Jason Kim
Exch · Country NGM · United States
Market Cap 5.53B
Enterprise Value 4.94B
Income -333.96M
Sales 159.86M
FCF (ttm) -146.13M
Book/sh 7.47
Cash/sh 5.58
Employees 1,409
Insider 10d —
IPO Aug 07, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -31.25
PEG —
P/S 34.56
P/B 4.62
P/C —
EV/EBITDA -24.80
EV/Sales 30.88
Quick Ratio 4.40
Current Ratio 4.51
Debt/Eq 25.93
LT Debt/Eq —
EPS (ttm) -4.83
EPS next Y -1.10
EPS Growth —
Revenue Growth 5.38%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-04
Earnings (prior) 2026-03-19
ROA -12.44%
ROE -56.51%
ROIC —
Gross Margin 19.18%
Oper. Margin -98.20%
Profit Margin -208.92%
Shs Outstand 160.11M
Shs Float 86.50M
Insider Own 20.97%
Instit Own 39.23%
Short Float 9.76%
Short Ratio 1.20
Short Interest 9.18M
52W High 73.80
vs 52W High -53.24%
52W Low 16.00
vs 52W Low 115.69%
Beta —
Impl. Vol. 1.29%
Rel Volume 0.86
Avg Volume 5.17M
Volume 4.44M
Target (mean) $41.86
Tgt Median $33.00
Tgt Low $28.00
Tgt High $65.00
# Analysts 7
Recom Buy
Prev Close $35.13
Price $34.51
Change -1.76%
About

Firefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers. The company offers integrated launch and space services technology that is committed to enabling launch, transit, and operations in space. It also provides Launch solutions, such as Alpha, a responsive launch services; and Eclipse, a medium-lift launch vehicles. In addition, the company offers spacecraft solutions platforms, including Blue Ghost, a lunar delivery and operation service; and Elytra, which provides space maneuverability and servicing. Further, it provides software and sensor solutions; national security software and big data processing capabilities; and responsive space services, as well as Ocula, a lunar imaging service. Firefly Aerospace Inc. was incorporated in 2017 and is headquartered in Cedar Park, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$41.86
Mean price target
2. Current target
$34.51
Latest analyst target
3. DCF / Fair value
$-16.43
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.51
Low
$28.00
High
$65.00
Mean
$41.86

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 main Goldman Sachs Neutral → Neutral $32
2026-04-17 main Roth Capital Buy → Buy $60
2026-04-13 main Jefferies Buy → Buy $45
2026-03-26 main Cantor Fitzgerald Overweight → Overweight $35
2026-01-20 main Goldman Sachs Neutral → Neutral $32
2025-12-19 init Keybanc — → Sector Weight —
2025-11-25 main JP Morgan Overweight → Overweight $28
2025-11-17 main Morgan Stanley Equal-Weight → Equal-Weight $27
2025-11-13 main Roth Capital Buy → Buy $30
2025-11-13 up Deutsche Bank Hold → Buy $30
2025-09-02 init Deutsche Bank — → Hold $45
2025-09-02 init Cantor Fitzgerald — → Overweight $65
2025-09-02 init Goldman Sachs — → Neutral $54
2025-09-02 init Morgan Stanley — → Equal-Weight $52
2025-09-02 init JP Morgan — → Overweight $55
2025-09-02 init Jefferies — → Buy $60
News
RSS: Latest FLY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-17 WHEELER DAVID LEIGH General Counsel — 3,766 $45.04 $169,608
2026-04-17 WHEELER DAVID LEIGH General Counsel — 3,766 $2.31 $8,702
2026-04-08 WU REMINGTON Officer — 10,423 $0.00 $0
2026-03-19 KIM JESUNG Chief Executive Officer — 52,836 $0.00 $0
2026-03-10 MA DARREN Chief Financial Officer — 27,397 $0.00 $0
2026-03-10 WHEELER DAVID LEIGH General Counsel — 25,044 $0.00 $0
2026-03-10 FERRING RUSSELL SHEA Chief Technology Officer — 15,756 $0.00 $0
2026-03-10 SANCHEZ RAMON GILBERT Chief Operating Officer — 18,493 $0.00 $0
2026-02-25 MCALLISTER KEVIN G. Director — 3,334 $0.00 $0
2026-02-25 KONERT KIRK MICHAEL Director — 3,334 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Revenue
159.85
+162.95%
60.79
+10.06%
55.23
Operating Revenue
159.85
+162.95%
60.79
+10.06%
55.23
Cost Of Revenue
129.19
+79.04%
72.16
+151.99%
28.64
Reconciled Cost Of Revenue
129.19
+79.04%
72.16
+151.99%
28.64
Gross Profit
30.67
+369.83%
-11.37
-142.73%
26.60
Operating Expense
291.36
+48.39%
196.35
+23.90%
158.48
Research And Development
200.12
+33.86%
149.50
+26.83%
117.87
Selling General And Administration
91.25
+94.77%
46.85
+15.37%
40.60
Total Expenses
420.55
+56.63%
268.50
+43.50%
187.11
Operating Income
-260.70
-25.51%
-207.71
-57.50%
-131.88
Total Operating Income As Reported
-260.69
-24.46%
-209.45
-58.83%
-131.88
EBITDA
-290.75
-48.63%
-195.62
-57.93%
-123.87
Normalized EBITDA
-218.46
-13.65%
-192.23
-55.37%
-123.72
Reconciled Depreciation
23.16
+84.58%
12.54
+166.52%
4.71
EBIT
-313.90
-50.80%
-208.16
-61.90%
-128.57
Total Unusual Items
-72.29
-2031.79%
-3.39
-2222.60%
-0.15
Total Unusual Items Excluding Goodwill
-72.29
-2031.79%
-3.39
-2222.60%
-0.15
Special Income Charges
-21.99
-1162.57%
-1.74
-174300.00%
0.00
Other Special Charges
30.40
—
—
Restructuring And Mergern Acquisition
-8.40
0.00
0.00
Net Income
-298.34
-29.08%
-231.13
-70.63%
-135.46
Pretax Income
-335.47
-45.14%
-231.13
-70.63%
-135.46
Net Non Operating Interest Income Expense
-3.38
+83.43%
-20.37
-414.08%
-3.96
Interest Expense Non Operating
21.56
-6.13%
22.97
+233.72%
6.88
Net Interest Income
-3.38
+83.43%
-20.37
-414.08%
-3.96
Interest Expense
21.56
-6.13%
22.97
+233.72%
6.88
Interest Income Non Operating
18.19
+600.31%
2.60
-11.06%
2.92
Interest Income
18.19
+600.31%
2.60
-11.06%
2.92
Other Income Expense
-71.39
-2241.59%
-3.05
-898.17%
0.38
Other Non Operating Income Expenses
0.89
+161.40%
0.34
-35.23%
0.53
Gain On Sale Of Security
-50.30
-2950.03%
-1.65
-1021.77%
-0.15
Tax Provision
-37.13
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
Tax Effect Of Unusual Items
-7.95
0.00
0.00
Net Income Including Noncontrolling Interests
-298.34
-29.08%
-231.13
-70.63%
-135.46
Net Income From Continuing Operation Net Minority Interest
-298.34
-29.08%
-231.13
-70.63%
-135.46
Net Income From Continuing And Discontinued Operation
-298.34
-29.08%
-231.13
-70.63%
-135.46
Net Income Continuous Operations
-298.34
-29.08%
-231.13
-70.63%
-135.46
Normalized Income
-234.00
-2.75%
-227.74
-68.31%
-135.31
Net Income Common Stockholders
-333.96
-25.64%
-265.81
-70.10%
-156.27
Diluted EPS
-4.83
-160.11%
-1.86
+99.85%
-1,229.57
Basic EPS
-4.83
-160.11%
-1.86
+99.85%
-1,229.57
Basic Average Shares
69.20
-51.66%
143.15
+112531.60%
0.13
Diluted Average Shares
69.20
-51.66%
143.15
+112531.60%
0.13
Diluted NI Availto Com Stockholders
-333.96
-25.64%
-265.81
-70.10%
-156.27
Gain On Sale Of PPE
0.01
+100.52%
-1.74
-174300.00%
0.00
Preferred Stock Dividends
35.62
+2.73%
34.68
+66.60%
20.81
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
1,824.93
+348.02%
407.33
+26.81%
321.21
Current Assets
963.17
+432.97%
180.72
+20.52%
149.94
Cash Cash Equivalents And Short Term Investments
892.97
+623.46%
123.43
+50.63%
81.94
Cash And Cash Equivalents
792.97
+542.44%
123.43
+50.63%
81.94
Other Short Term Investments
100.01
0.00
—
Receivables
46.13
+4494.52%
1.00
-62.87%
2.70
Accounts Receivable
46.13
+4494.52%
1.00
-62.87%
2.70
Inventory
—
0.00
-100.00%
0.25
Prepaid Assets
12.35
-76.43%
52.40
-8.92%
57.54
Restricted Cash
0.00
-100.00%
0.42
-82.66%
2.44
Other Current Assets
11.72
+239.37%
3.45
-31.81%
5.07
Total Non Current Assets
861.76
+280.27%
226.62
+32.32%
171.26
Net PPE
181.41
+17.89%
153.89
+11.31%
138.26
Gross PPE
223.50
+24.43%
179.63
+15.33%
155.75
Accumulated Depreciation
-42.09
-63.52%
-25.74
-47.19%
-17.49
Properties
0.00
0.00
0.00
Land And Improvements
5.12
+46.16%
3.50
+40.31%
2.50
Buildings And Improvements
49.00
+0.35%
48.83
+384.71%
10.07
Machinery Furniture Equipment
57.82
+23.17%
46.94
+131.39%
20.29
Construction In Progress
38.65
+120.24%
17.55
-79.35%
84.97
Other Properties
59.93
+7.94%
55.52
+81.25%
30.63
Leases
12.98
+78.28%
7.28
+0.01%
7.28
Goodwill And Other Intangible Assets
615.83
+3501.97%
17.10
+0.00%
17.10
Goodwill
450.12
+2532.74%
17.10
+0.00%
17.10
Other Intangible Assets
165.71
—
—
Non Current Prepaid Assets
60.50
+44.83%
41.77
+919.28%
4.10
Other Non Current Assets
4.02
-70.97%
13.86
+17.37%
11.81
Total Liabilities Net Minority Interest
635.00
-45.96%
1,174.95
+42.30%
825.69
Current Liabilities
213.58
+19.07%
179.38
+31.15%
136.77
Payables And Accrued Expenses
78.71
+50.97%
52.14
+18.23%
44.10
Payables
35.96
-4.67%
37.72
+36.54%
27.62
Accounts Payable
35.96
-4.67%
37.72
+36.54%
27.62
Current Accrued Expenses
42.76
+196.52%
14.42
-12.47%
16.47
Current Debt And Capital Lease Obligation
9.32
+11.80%
8.33
+195.60%
2.82
Current Debt
7.10
+11.81%
6.35
+557.93%
0.96
Other Current Borrowings
7.10
+11.81%
6.35
+557.93%
0.96
Current Capital Lease Obligation
2.22
+11.74%
1.98
+7.01%
1.85
Current Deferred Liabilities
116.14
+7.46%
108.07
+20.88%
89.40
Current Deferred Revenue
116.14
+7.46%
108.07
+20.88%
89.40
Other Current Liabilities
9.42
-13.08%
10.84
+2297.57%
0.45
Total Non Current Liabilities Net Minority Interest
421.41
-57.67%
995.58
+44.51%
688.92
Long Term Debt And Capital Lease Obligation
299.28
+86.97%
160.06
+35.50%
118.13
Long Term Debt
281.44
+98.75%
141.60
+48.10%
95.61
Long Term Capital Lease Obligation
17.84
-3.39%
18.46
-18.00%
22.52
Non Current Deferred Liabilities
92.56
+101.65%
45.90
+36.01%
33.75
Non Current Deferred Revenue
92.56
+101.65%
45.90
+36.01%
33.75
Other Non Current Liabilities
17.28
-33.43%
25.96
+14006.52%
0.18
Preferred Securities Outside Stock Equity
0.00
-100.00%
759.58
+41.75%
535.86
Stockholders Equity
1,189.94
+255.02%
-767.62
-52.16%
-504.49
Common Stock Equity
1,189.94
+255.02%
-767.62
-52.16%
-504.49
Capital Stock
0.02
+1600.00%
0.00
+0.00%
0.00
Common Stock
0.02
+1600.00%
0.00
+0.00%
0.00
Share Issued
159.28
+11.27%
143.15
+0.00%
143.15
Ordinary Shares Number
159.28
+11.27%
143.15
+0.00%
143.15
Additional Paid In Capital
2,210.20
0.00
0.00
Retained Earnings
-1,020.28
-32.91%
-767.62
-52.16%
-504.49
Total Equity Gross Minority Interest
1,189.94
+255.02%
-767.62
-52.16%
-504.49
Total Capitalization
1,471.38
+335.04%
-626.02
-53.11%
-408.87
Working Capital
749.59
+55839.85%
1.34
-89.83%
13.17
Invested Capital
1,478.48
+338.59%
-619.67
-51.91%
-407.91
Total Debt
308.59
+83.25%
168.40
+39.23%
120.95
Net Debt
—
24.52
+67.56%
14.63
Capital Lease Obligations
20.05
-1.92%
20.45
-16.10%
24.37
Net Tangible Assets
574.11
+173.16%
-784.72
-50.45%
-521.58
Tangible Book Value
574.11
+173.16%
-784.72
-50.45%
-521.58
Derivative Product Liabilities
12.29
+202.06%
4.07
+310.70%
0.99
Interest Payable
1.11
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Operating Cash Flow
-204.92
-29.99%
-157.65
-68.73%
-93.43
Cash Flow From Continuing Operating Activities
-204.92
-29.99%
-157.65
-68.73%
-93.43
Net Income From Continuing Operations
-298.34
-29.08%
-231.13
-70.63%
-135.46
Depreciation Amortization Depletion
23.16
+84.58%
12.54
+166.52%
4.71
Depreciation
—
12.54
+166.52%
4.71
Depreciation And Amortization
23.16
+84.58%
12.54
+166.52%
4.71
Other Non Cash Items
5.26
-37.38%
8.40
+289.88%
2.15
Stock Based Compensation
17.84
+869.04%
1.84
+14.21%
1.61
Asset Impairment Charge
0.00
-100.00%
0.25
0.00
Deferred Tax
-37.19
0.00
0.00
Deferred Income Tax
-37.19
0.00
0.00
Operating Gains Losses
80.69
+1573.64%
4.82
+3202.05%
0.15
Gain Loss On Investment Securities
50.30
+1533.48%
3.08
+1994.56%
0.15
Gain Loss On Sale Of PPE
-0.01
-100.52%
1.74
+174300.00%
-0.00
Change In Working Capital
3.67
-91.97%
45.63
+36.60%
33.40
Change In Receivables
0.64
-62.12%
1.70
+263.30%
-1.04
Changes In Account Receivables
0.64
-62.12%
1.70
+263.30%
-1.04
Change In Prepaid Assets
21.33
+161.73%
-34.55
+12.56%
-39.52
Change In Payables And Accrued Expense
-39.78
-905.61%
4.94
-66.40%
14.70
Change In Accrued Expense
-22.58
-999.12%
-2.05
-152.33%
3.92
Change In Payable
-17.20
-346.07%
6.99
-35.10%
10.77
Change In Account Payable
-17.20
-346.07%
6.99
-35.10%
10.77
Change In Other Working Capital
52.96
+71.84%
30.82
-42.12%
53.24
Change In Other Current Assets
1.81
-82.57%
10.41
+69.30%
6.15
Change In Other Current Liabilities
-33.30
-203.03%
32.32
+25748.41%
-0.13
Investing Cash Flow
-401.56
-1128.12%
-32.70
+53.29%
-69.99
Cash Flow From Continuing Investing Activities
-401.56
-1128.12%
-32.70
+53.29%
-69.99
Net PPE Purchase And Sale
-32.55
+0.46%
-32.70
+57.67%
-77.25
Purchase Of PPE
-32.83
-0.39%
-32.70
+57.67%
-77.25
Sale Of PPE
0.28
0.00
0.00
Capital Expenditure
-32.83
-0.39%
-32.70
+57.67%
-77.25
Net Investment Purchase And Sale
-91.59
0.00
0.00
Purchase Of Investment
-100.00
0.00
0.00
Sale Of Investment
8.40
0.00
0.00
Net Business Purchase And Sale
-277.42
0.00
-100.00%
7.25
Purchase Of Business
-277.42
0.00
—
Financing Cash Flow
1,261.89
+442.14%
232.76
-3.31%
240.73
Cash Flow From Continuing Financing Activities
1,261.89
+442.14%
232.76
-3.31%
240.73
Net Issuance Payments Of Debt
104.28
+130.78%
45.19
-62.39%
120.14
Issuance Of Debt
260.00
+430.72%
48.99
-60.13%
122.86
Repayment Of Debt
-155.72
-3994.58%
-3.80
-39.66%
-2.72
Long Term Debt Issuance
260.00
+430.72%
48.99
-60.13%
122.86
Long Term Debt Payments
-155.72
-3994.58%
-3.80
-39.66%
-2.72
Net Long Term Debt Issuance
104.28
+130.78%
45.19
-62.39%
120.14
Net Common Stock Issuance
943.71
0.00
0.00
Cash Dividends Paid
-4.99
0.00
0.00
Proceeds From Stock Option Exercised
2.20
+276.75%
0.58
+4.65%
0.56
Net Other Financing Charges
-15.31
-645.57%
-2.05
+93.11%
-29.80
Changes In Cash
655.41
+1445.34%
42.41
-45.14%
77.30
Beginning Cash Position
137.56
+44.58%
95.15
+433.24%
17.84
End Cash Position
792.97
+476.46%
137.56
+44.58%
95.15
Free Cash Flow
-237.75
-24.90%
-190.35
-11.52%
-170.68
Interest Paid Supplemental Data
16.49
-21.97%
21.13
+68.01%
12.58
Common Stock Issuance
943.71
0.00
0.00
Issuance Of Capital Stock
1,175.71
+521.93%
189.04
+26.17%
149.83
Net Preferred Stock Issuance
232.00
+22.72%
189.04
+26.17%
149.83
Preferred Stock Dividend Paid
-4.99
0.00
0.00
Preferred Stock Issuance
232.00
+22.72%
189.04
+26.17%
149.83
Sale Of Business
—
0.00
-100.00%
7.25
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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