FLY financial statements
The full income statement, balance sheet, and cash-flow statement for Firefly Aerospace Inc. (FLY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 160M+163.0% | 60.8M+10.1% | 55.2M | |
| 30.7M+369.8% | -11.4M-142.7% | 26.6M | ||
| Cost of revenue | 129M+79.0% | 72.2M+152.0% | 28.6M | |
| 291M+47.1% | 198M+25.0% | 158M | ||
| Research & development | 200M+33.9% | 149M+26.8% | 118M | |
| Selling, general & administrative | 91.2M+94.8% | 46.8M+15.4% | 40.6M | |
| Amortization of intangibles | 5.80M | 0.00 | 0.00 | |
| Operating income | -261M-24.5% | -209M-58.8% | -132M | |
| Interest expense | 15.9M-36.9% | 25.2M+175.9% | 9.15M | |
| Interest & investment income | 18.2M+600.3% | 2.60M-11.1% | 2.92M | |
| Other non-operating income | 894K+161.4% | 342K-35.2% | 528K | |
| Pre-tax income | -335M-45.1% | -231M-70.6% | -135M | |
| Income tax | -37.1M | 0.00-100.0% | 4.00K | |
| -298M-29.1% | -231M-70.6% | -135M | ||
| Net income to common | -334M-25.6% | -266M-70.1% | -156M | |
| -$4.83+76.7% | -$20.74-58.9% | -$13.05 | ||
| EPS (basic) | -$4.83+76.7% | -$20.74-58.9% | -$13.05 | |
| Weighted-avg shares (basic) | 69.2M+439.9% | 12.8M+7.0% | 12.0M | |
| Weighted-avg shares (diluted) | 69.2M+439.9% | 12.8M+7.0% | 12.0M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 963M+433.0% | 181M | — | ||
| Cash & equivalents | 793M+542.4% | 123M+50.6% | 81.9M | |
| Short-term investments | 100M | 0.00 | — | |
| Accounts receivable | 46.1M+4494.5% | 1.00M | — | |
| Prepaid expenses | 12.3M-76.4% | 52.4M | — | |
| Other current assets | 8.22M+138.1% | 3.45M | — | |
| 1.82B+348.0% | 407M | — | ||
| Property, plant & equipment | 164M+20.8% | 136M | — | |
| Operating lease right-of-use | 13.9M-4.6% | 14.6M | — | |
| Goodwill | 450M+2532.7% | 17.1M+0.0% | 17.1M | |
| Intangible assets | 166M | 0.00 | — | |
| Other non-current assets | 4.02M+2446.8% | 158K | — | |
| 214M+19.1% | 179M | — | ||
| Accounts payable | 35.6M-5.3% | 37.6M | — | |
| Accrued liabilities | 42.8M+196.5% | 14.4M | — | |
| Deferred revenue | 116M+7.5% | 108M | — | |
| Short-term & current debt | 7.10M+11.8% | 6.35M | — | |
| Current lease liability | 1.16M+2.9% | 1.13M | — | |
| Other current liabilities | 9.42M-13.1% | 10.8M | — | |
| Finance lease liability (current) | 1.06M+23.4% | 856K | — | |
| 635M+52.9% | 415M | — | ||
| Long-term debt | — | 113M | — | |
| Deferred revenue (non-current) | 92.6M+101.6% | 45.9M | — | |
| Non-current lease liability | 15.8M-3.9% | 16.5M | — | |
| Operating lease liability (total) | 17.0M | — | — | |
| Finance lease liability (total) | 3.06M | — | — | |
| Finance lease liability | 2.00M+0.4% | 2.00M | — | |
| Other non-current liabilities | 17.3M-33.4% | 26.0M | — | |
| 1.19B+255.0% | -768M-52.2% | -504M | ||
| Common stock | 17.0K+1600.0% | 1.00K | — | |
| Additional paid-in capital | 2.21B | 0.00 | — | |
| Retained earnings | -1.02B-32.9% | -768M | — | |
| Total equity incl. non-controlling | 1.19B+255.0% | -768M-52.2% | -504M | |
| Total liabilities & equity | 1.82B+348.0% | 407M | — | |
| Common shares issued | 159M+1102.9% | 13.2M | — | |
| Common shares outstanding | 159M+1102.9% | 13.2M | — | |
| Shares outstanding (cover) | 160M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| -205M-30.0% | -158M-68.7% | -93.4M | ||
| Depreciation & amortization | 23.2M+84.6% | 12.5M+166.5% | 4.71M | |
| Intangible amortization | 5.80M | 0.00 | 0.00 | |
| Share-based compensation | 17.8M+869.0% | 1.84M+14.2% | 1.61M | |
| Deferred income taxes | -37.2M | 0.00 | 0.00 | |
| Change in receivables | -644K+62.1% | -1.70M-263.3% | 1.04M | |
| Change in payables | -17.4M-309.9% | 8.31M-14.7% | 9.75M | |
| -402M-1128.1% | -32.7M+53.3% | -70.0M | ||
| Capital expenditure | 32.8M+0.4% | 32.7M-57.7% | 77.2M | |
| Free cash flow | -238M-24.9% | -190M-11.5% | -171M | |
| Acquisitions | 277M | 0.00+100.0% | -7.25M | |
| Proceeds from sale of PP&E | 280K | 0.00 | 0.00 | |
| 1.26B+442.1% | 233M-3.3% | 241M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 944M | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 655M+1445.3% | 42.4M-45.1% | 77.3M | |
| Interest paid | 16.5M-22.0% | 21.1M+68.0% | 12.6M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 3.58B | — | — | |
| P/S | 22.4× | — | — | |
| P/B | 3.0× | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: FLY’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FLY filings on SEC EDGAR → Not investment advice.