# Firefly Aerospace Inc.: overview

FLY · Nasdaq · CIK 1860160 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/fly.md) · [Financials](/companies/fly/financials.md) · [Filings](/companies/fly/filings.md) · [Insiders](/companies/fly/insiders.md)

Latest reported revenue: [$117.7m](/filings/0001860160-26-000023.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 11, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001860160-26-000023).

## Last eight quarters

| Line item | Unit | period not labelled (2024-09-30) | period not labelled (2024-12-31) | period not labelled (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [22.4](/filings/0001193125-25-277941.md) | [9.0 d](/filings/0001193125-26-116309.md) | [55.9](/filings/0001860160-26-000009.md) | [15.5](/filings/0001860160-26-000023.md) | [30.8](/filings/0001193125-25-277941.md) | [57.7 d](/filings/0001193125-26-116309.md) | [80.9](/filings/0001860160-26-000009.md) | [118](/filings/0001860160-26-000023.md) |
| Gross margin | % | [34.7%](/filings/0001193125-25-277941.md) | [(223.2%) d](/filings/0001193125-26-116309.md) | [4.0%](/filings/0001860160-26-000009.md) | [25.7%](/filings/0001860160-26-000023.md) | [27.6%](/filings/0001193125-25-277941.md) | [27.7% d](/filings/0001193125-26-116309.md) | [21.6%](/filings/0001860160-26-000009.md) | [20.3%](/filings/0001860160-26-000023.md) |
| Operating margin | % | [(152.9%)](/filings/0001193125-25-277941.md) | [(854.7%) d](/filings/0001193125-26-116309.md) | [(104.8%)](/filings/0001860160-26-000009.md) | [(349.5%)](/filings/0001860160-26-000023.md) | [(202.1%)](/filings/0001193125-25-277941.md) | [(148.4%) d](/filings/0001193125-26-116309.md) | [(118.3%)](/filings/0001860160-26-000009.md) | [(80.9%)](/filings/0001860160-26-000023.md) |
| Net margin | % | [(182.3%)](/filings/0001193125-25-277941.md) | [(931.1%) d](/filings/0001193125-26-116309.md) | [(107.6%)](/filings/0001860160-26-000023.md) | [(410.2%)](/filings/0001860160-26-000023.md) | [(433.5%)](/filings/0001193125-25-277941.md) | [(71.2%) d](/filings/0001193125-26-116309.md) | [(119.5%)](/filings/0001860160-26-000023.md) | [(78.4%)](/filings/0001860160-26-000023.md) |
| Diluted EPS | $ per share | [(3.57)](/filings/0001193125-25-277941.md) | not reported | [(5.38)](/filings/0001860160-26-000009.md) | [(5.78)](/filings/0001860160-26-000023.md) | [(1.50)](/filings/0001193125-25-277941.md) | not reported | [(0.61)](/filings/0001860160-26-000009.md) | [(0.57)](/filings/0001860160-26-000023.md) |
| Free cash flow | $m | [(44.8) d](/filings/0001193125-25-277941.md) | [(42.9) d](/filings/0001193125-26-116309.md) | [(59.2)](/filings/0001860160-26-000009.md) | [(37.3) d](/filings/0001860160-26-000023.md) | [(62.0) d](/filings/0001193125-25-277941.md) | [(79.3) d](/filings/0001193125-26-116309.md) | [(78.9)](/filings/0001860160-26-000009.md) | [(106) d](/filings/0001860160-26-000023.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2023-12-31) | FY (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: |
| Revenue | $m | [55.2](/filings/0001193125-26-116309.md) | [60.8](/filings/0001193125-26-116309.md) | [160](/filings/0001193125-26-116309.md) |
| Gross margin | % | [48.2%](/filings/0001193125-26-116309.md) | [(18.7%)](/filings/0001193125-26-116309.md) | [19.2%](/filings/0001193125-26-116309.md) |
| Operating margin | % | [(238.8%)](/filings/0001193125-26-116309.md) | [(344.5%)](/filings/0001193125-26-116309.md) | [(163.1%)](/filings/0001193125-26-116309.md) |
| Net margin | % | [(245.2%)](/filings/0001193125-26-116309.md) | [(380.2%)](/filings/0001193125-26-116309.md) | [(186.6%)](/filings/0001193125-26-116309.md) |
| Diluted EPS | $ per share | [(13.05)](/filings/0001193125-26-116309.md) | [(20.74)](/filings/0001193125-26-116309.md) | [(4.83)](/filings/0001193125-26-116309.md) |
| Free cash flow | $m | [(171)](/filings/0001193125-26-116309.md) | [(190)](/filings/0001193125-26-116309.md) | [(238)](/filings/0001193125-26-116309.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/fly/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [AE INDUSTRIAL PARTNERS, LP](/funds/1880785.md) | 2026-06-30 | $1.02bn | 34,530,582 |  | Reduced −697,172 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $173.6m | 5,903,830 |  | Added +3,865,915 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $122.9m | 4,179,095 |  | Added +3,688,226 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $105.6m | 3,591,198 |  | Added +1,163,997 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $90.3m | 3,071,164 |  | Added +737,275 |
| [VAN ECK ASSOCIATES CORP](/funds/869178.md) | 2026-06-30 | $89.6m | 3,048,335 |  | Added +927,804 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $81.2m | 2,792,070 |  | Added +2,159,291 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $79.8m | 2,714,411 |  | Added +2,696,140 |
| [Tema ETFs LLC](/funds/2056807.md) | 2026-06-30 | $67.1m | 2,280,867 |  | Added +2,279,159 |
| [Tidal Investments LLC](/funds/1600064.md) | 2026-06-30 | $63.7m | 2,167,135 |  | New +2,167,135 |

## Recent filings

[All 151 filings](/companies/fly/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-06 | 20:05 ET | [8-K](/filings/0001193125-26-415543.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-415543 |
| 2026-08-11 | 21:15 ET | [10-Q](/filings/0001860160-26-000023.md) | Quarterly report, period 2026-06-30 | 0001860160-26-000023 |
| 2026-08-11 | 20:08 ET | [8-K](/filings/0001860160-26-000022.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001860160-26-000022 |
| 2026-06-05 | 20:28 ET | [8-K](/filings/0001193125-26-259679.md) | 5.07 Shareholder vote results | 0001193125-26-259679 |
| 2026-06-02 | 10:21 ET | [8-K](/filings/0001193125-26-252407.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-252407 |
| 2026-05-26 | 20:06 ET | [S-1](/filings/0001193125-26-239249.md) | Registration statement | 0001193125-26-239249 |
| 2026-05-04 | 21:08 ET | [10-Q](/filings/0001860160-26-000009.md) | Quarterly report, period 2026-03-31 | 0001860160-26-000009 |
| 2026-05-04 | 20:08 ET | [8-K](/filings/0001860160-26-000008.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001860160-26-000008 |
| 2026-04-21 | 20:15 ET | [8-K](/filings/0001193125-26-166820.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-166820 |
| 2026-04-17 | 20:01 ET | [DEF 14A](/filings/0001193125-26-161474.md) | Proxy statement, period 2026-06-04 | 0001193125-26-161474 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-116309.md), filed Mar 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/cbba6c89-39f9-480f-aa62-05e8c837ec20)

## About the filer

- CIK: 1860160
- Tickers: FLY
- Exchange: Nasdaq
- SIC code: 3760 Guided Missiles & Space Vehicles & Parts
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.
