FIREFLY AEROSPACE INC Financials
This page shows FIREFLY AEROSPACE INC (FLY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of FIREFLY AEROSPACE INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FIREFLY AEROSPACE INC has an operating margin of -163.1%, meaning the company retains $-163 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
FIREFLY AEROSPACE INC carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.51, FIREFLY AEROSPACE INC holds $4.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
While FIREFLY AEROSPACE INC generated -$204.9M in operating cash flow, capex of $32.8M consumed most of it, leaving -$237.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
FIREFLY AEROSPACE INC generates a -25.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
For every $1 of reported earnings, FIREFLY AEROSPACE INC generates $0.69 in operating cash flow (-$204.9M OCF vs -$298.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
FIREFLY AEROSPACE INC earns $-16.4 in operating income for every $1 of interest expense (-$260.7M vs $15.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
FIREFLY AEROSPACE INC generated $159.9M in revenue in fiscal year 2025.
FIREFLY AEROSPACE INC's EBITDA was -$237.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
FIREFLY AEROSPACE INC reported -$298.3M in net income in fiscal year 2025.
FIREFLY AEROSPACE INC earned $-4.83 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
FIREFLY AEROSPACE INC generated -$237.8M in free cash flow in fiscal year 2025, representing cash available after capex.
FIREFLY AEROSPACE INC held $793.0M in cash against $0 in long-term debt as of fiscal year 2025.
FIREFLY AEROSPACE INC had 160M shares outstanding in fiscal year 2025.
Margins & Returns
FIREFLY AEROSPACE INC's gross margin was 19.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
FIREFLY AEROSPACE INC's operating margin was -163.1% in fiscal year 2025, reflecting core business profitability.
FIREFLY AEROSPACE INC's net profit margin was -186.6% in fiscal year 2025, showing the share of revenue converted to profit.
FIREFLY AEROSPACE INC's ROE was -25.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
FIREFLY AEROSPACE INC invested $200.1M in research and development in fiscal year 2025.
FIREFLY AEROSPACE INC invested $32.8M in capex in fiscal year 2025, funding long-term assets and infrastructure.
FLY Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Revenue | $30.8M+97.9% | $15.5M | N/A | N/A | $22.4M+6.2% | $21.1M | N/A |
| Cost of Revenue | $22.3M+92.9% | $11.6M | N/A | N/A | $14.6M-19.4% | $18.1M | N/A |
| Gross Profit | $8.5M+112.5% | $4.0M | N/A | N/A | $7.8M+163.3% | $3.0M | N/A |
| R&D Expenses | $48.8M+6.5% | $45.8M | N/A | N/A | $29.9M-24.5% | $39.5M | N/A |
| SG&A Expenses | $21.9M+74.4% | $12.6M | N/A | N/A | $10.3M-16.1% | $12.3M | N/A |
| Operating Income | -$62.2M-14.4% | -$54.4M | N/A | N/A | -$34.2M+30.1% | -$48.9M | N/A |
| Interest Expense | $2.8M-59.4% | $6.9M | N/A | N/A | $6.5M+9.4% | $5.9M | N/A |
| Income Tax | $0 | $0 | N/A | N/A | $0 | $0 | N/A |
| Net Income | -$133.4M-109.2% | -$63.8M-6.1% | -$60.1M | N/A | -$40.8M+23.7% | -$53.5M-1.3% | -$52.8M |
| EPS (Diluted) | $-1.50 | $-5.78 | N/A | N/A | $-3.57+22.4% | $-4.60 | N/A |
FLY Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+169.1% | $466.8M | N/A | $407.3M | N/A | N/A | N/A |
| Current Assets | $1.0B+336.9% | $234.1M | N/A | $180.7M | N/A | N/A | N/A |
| Cash & Equivalents | $995.2M+384.8% | $205.3M | N/A | $123.4M+368.3% | $26.4M+20.6% | $21.9M | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $5.1M-9.1% | $5.6M | N/A | $1.0M | N/A | N/A | N/A |
| Goodwill | $17.1M0.0% | $17.1M | N/A | $17.1M | N/A | N/A | N/A |
| Total Liabilities | $307.4M-77.8% | $1.4B | N/A | $1.2B | N/A | N/A | N/A |
| Current Liabilities | $164.9M+11.9% | $147.4M | N/A | $179.4M | N/A | N/A | N/A |
| Long-Term Debt | N/A | $136.1M | N/A | $113.0M | N/A | N/A | N/A |
| Total Equity | $948.8M+203.4% | -$918.0M-9.5% | -$838.7M-9.3% | -$767.6M-15.4% | -$665.5M-207.3% | $620.0M+210.3% | -$561.8M |
| Retained Earnings | -$979.2M-6.7% | -$918.0M | N/A | -$767.6M | N/A | N/A | N/A |
FLY Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$53.0M | N/A | N/A | N/A | -$36.6M | N/A | N/A |
| Capital Expenditures | $8.9M | N/A | N/A | N/A | $8.2M | N/A | N/A |
| Free Cash Flow | -$62.0M | N/A | N/A | N/A | -$44.8M | N/A | N/A |
| Investing Cash Flow | -$8.9M | N/A | N/A | N/A | -$8.2M | N/A | N/A |
| Financing Cash Flow | $836.4M | N/A | N/A | N/A | $47.9M | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FLY Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 27.6%+1.9pp | 25.7% | N/A | N/A | 34.7%+20.7pp | 14.0% | N/A |
| Operating Margin | -202.1%+147.5pp | -349.5% | N/A | N/A | -152.9%+79.2pp | -232.1% | N/A |
| Net Margin | -433.5%-23.3pp | -410.2% | N/A | N/A | -182.3%+71.3pp | -253.7% | N/A |
| Return on Equity | -14.1% | N/A | N/A | N/A | N/A | -8.6% | N/A |
| Return on Assets | -10.6%+3.0pp | -13.7% | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 6.20+4.6 | 1.59 | N/A | 1.01 | N/A | N/A | N/A |
| Debt-to-Equity | 0.32+0.5 | -0.15 | N/A | -0.15 | N/A | N/A | N/A |
| FCF Margin | -201.3% | N/A | N/A | N/A | -200.2% | N/A | N/A |
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Frequently Asked Questions
What is FIREFLY AEROSPACE INC's annual revenue?
FIREFLY AEROSPACE INC (FLY) reported $159.9M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is FIREFLY AEROSPACE INC profitable?
No, FIREFLY AEROSPACE INC (FLY) reported a net income of -$298.3M in fiscal year 2025, with a net profit margin of -186.6%.
What is FIREFLY AEROSPACE INC's EBITDA?
FIREFLY AEROSPACE INC (FLY) had EBITDA of -$237.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is FIREFLY AEROSPACE INC's gross margin?
FIREFLY AEROSPACE INC (FLY) had a gross margin of 19.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is FIREFLY AEROSPACE INC's operating margin?
FIREFLY AEROSPACE INC (FLY) had an operating margin of -163.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is FIREFLY AEROSPACE INC's net profit margin?
FIREFLY AEROSPACE INC (FLY) had a net profit margin of -186.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FIREFLY AEROSPACE INC's return on equity (ROE)?
FIREFLY AEROSPACE INC (FLY) has a return on equity of -25.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FIREFLY AEROSPACE INC's free cash flow?
FIREFLY AEROSPACE INC (FLY) generated -$237.8M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is FIREFLY AEROSPACE INC's operating cash flow?
FIREFLY AEROSPACE INC (FLY) generated -$204.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are FIREFLY AEROSPACE INC's total assets?
FIREFLY AEROSPACE INC (FLY) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are FIREFLY AEROSPACE INC's capital expenditures?
FIREFLY AEROSPACE INC (FLY) invested $32.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does FIREFLY AEROSPACE INC spend on research and development?
FIREFLY AEROSPACE INC (FLY) invested $200.1M in research and development during fiscal year 2025.
What is FIREFLY AEROSPACE INC's current ratio?
FIREFLY AEROSPACE INC (FLY) had a current ratio of 4.51 as of fiscal year 2025, which is generally considered healthy.
What is FIREFLY AEROSPACE INC's debt-to-equity ratio?
FIREFLY AEROSPACE INC (FLY) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FIREFLY AEROSPACE INC's return on assets (ROA)?
FIREFLY AEROSPACE INC (FLY) had a return on assets of -16.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FIREFLY AEROSPACE INC's cash runway?
Based on fiscal year 2025 data, FIREFLY AEROSPACE INC (FLY) had $793.0M in cash against an annual operating cash burn of $204.9M. This gives an estimated cash runway of approximately 46 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Are FIREFLY AEROSPACE INC's earnings high quality?
FIREFLY AEROSPACE INC (FLY) has an earnings quality ratio of 0.69x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can FIREFLY AEROSPACE INC cover its interest payments?
FIREFLY AEROSPACE INC (FLY) has an interest coverage ratio of -16.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is FIREFLY AEROSPACE INC?
FIREFLY AEROSPACE INC (FLY) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.