Firefly Aerospace
FLY · NASDAQ
Key indicators
FLY profitability and balance sheet ratios
EPS -$0.5706 in Q2 FY26, against -$0.4444 a year earlier.
| Period | EPS |
|---|---|
| Mar 2024 | -$0.3674 |
| Dec 2024 | -$1.61 |
| Mar 2025 | -$0.4183 |
| Jun 2025 | -$0.4444 |
| Q3 FY25 | -$0.9287 |
| Q4 FY25 | -$0.1992 |
| Q1 FY26 | -$0.6056 |
| Q2 FY26 | -$0.5706 |
Where the money went
Q2 FY26, from revenue to net income
Firefly Aerospace brought in $117.7M of revenue in Q2 FY26. It made a net loss of $92.3M.
- Revenue
- $117.7M
- Costs, expenses and taxes
- $210.0M
- Net income
- −$92.3M
- Net margin
- -78.4%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $57.7M | $80.9M | $117.7M |
| Gross profit | $16.0M | $17.5M | $23.9M |
| Operating income | −$77.2M | −$95.3M | −$94.3M |
| Net income | −$41.1M | −$96.7M | −$92.3M |
| Diluted EPS | -$0.26 | -$0.61 | -$0.57 |
Balance sheet
What the company owns and owes at period end
| Line item | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Total assets | $1.3B | $1.8B | $1.5B |
| Total liabilities | $0.3B | $0.6B | $0.4B |
| Shareholder equity | $0.9B | $1.2B | $1.1B |
| Cash and short-term investments | $1.0B | $0.9B | $0.6B |
| Total debt | $0.0B | $0.3B | $0.0B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | −$67.3M | −$62.5M | −$81.6M |
| Investing cash flow | −$380.8M | −$141.3M | $21.6M |
| Financing cash flow | $245.0M | −$262.9M | $193.6M |
| Capital expenditure | −$12.1M | −$16.3M | −$24.7M |
| Free cash flow | −$79.3M | −$78.9M | −$106.3M |
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