Industrials · Aerospace & Defense
Price
$25.54
Market Cap
$4.2B
Employees
780
Beta
-0.31
Avg Volume
7,937,753
CEO
Jason Kim
Business Description
Firefly Aerospace Inc. is an innovative aerospace and defense technology firm that provides advanced mission capabilities for a wide range of clients, including national security initiatives, governmental bodies, and commercial ventures. The company specializes in integrated technologies for space launches and in-orbit operations, designed to facilitate efficient access, transit, and ongoing activities within the space environment. Its suite of key offerings includes: Alpha, a rapid-response small launch vehicle; Eclipse, a robust medium-lift launch system; Blue Ghost, which provides lunar payload delivery and surface operations; Elytra, offering in-space maneuverability and satellite servicing; and Ocula, a dedicated lunar imaging service. Established in 2017, the company is based in Cedar Park, Texas.
Business History
Price Overview
Last updated: Jun 28, 2026 5:28am (just now)$25.54
+0.93 (+3.78%)
Day Range
$24.23 – $25.87
52-Week Range
$16.00 – $73.80
50-Day MA
$38.03
200-Day MA
$29.25
Volume
12,512,104.00
Analyst Price Targets
Low
$32.00
Consensus
$42.71
High
$60.00
(13 analysts)
Share Structure
Outstanding
164,235,210.00
Float
142,336,087.00
Free Float
86.7%
High free float
— 86.7% of shares trade freely, ~13.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-11.56
Stock Price: $25.54
EPS (Diluted): -2.21
EPS (Diluted): -2.21
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.86
Stock Price: $25.54
Total Equity: $1.19B
Shares: 151,892,500
Total Equity: $1.19B
Shares: 151,892,500
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-12.14
Market Cap: $4.19B
Total Debt: $290.76M
Cash: $792.97M
EBITDA: -$289.35M
Total Debt: $290.76M
Cash: $792.97M
EBITDA: -$289.35M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$2.9B
Market Cap: $4.19B
Total Debt: $290.76M
Cash: $792.97M
Total Debt: $290.76M
Cash: $792.97M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
21.26
Stock Price: $25.54
Revenue: $159.86M
Shares: 151,892,500
Revenue: $159.86M
Shares: 151,892,500
EV/Sales (Total value vs revenue — works when P/E can't)
API18.23
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
15.6%
Gross Profit: $24.87M
Revenue: $159.86M
Revenue: $159.86M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-154.3%
Operating Income: -$246.58M
Revenue: $159.86M
Revenue: $159.86M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-186.6%
Net Income: -$298.34M
Revenue: $159.86M
Revenue: $159.86M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-57.6%
Net Income: -$298.34M
Total Equity: $1.19B
Total Equity: $1.19B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-21.4%
Operating Income: -$246.58M
Tax Rate: 11.1%
Equity: $1.19B
Total Debt: $290.76M
Cash: $792.97M
Tax Rate: 11.1%
Equity: $1.19B
Total Debt: $290.76M
Cash: $792.97M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
4.51
Current Assets: $963.18M
Current Liabilities: $213.58M
Current Liabilities: $213.58M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.24
Short-Term Debt: $9.32M
Long-Term Debt: $281.44M
Total Debt: $290.76M
Total Equity: $1.19B
Long-Term Debt: $281.44M
Total Debt: $290.76M
Total Equity: $1.19B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.05
Revenue: $159.86M
Shares: 151,892,500
Shares: 151,892,500
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.83
Total Equity: $1.19B
Shares: 151,892,500
Shares: 151,892,500
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.57
Operating CF: -$204.92M
CapEx: -$32.83M
Shares: 151,892,500
CapEx: -$32.83M
Shares: 151,892,500
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.1%
Last Dividend: N/A
Stock Price: $25.54
Stock Price: $25.54
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$298.34M
Net Income: -$298.34M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FLY against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 28, 2026 3:10am (2h ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $55.2M | $60.8M | $159.9M |
| Cost of Revenue | $28.6M | $72.2M | $135.0M |
| Gross Profit | $26.6M | -$11.4M | $24.9M |
| Operating Expenses | $158.5M | $198.1M | $271.4M |
| Operating Income | -$131.9M | -$209.5M | -$246.6M |
| Net Income | -$135.5M | -$231.1M | -$298.3M |
| EBITDA | -$126.8M | -$198.2M | -$289.4M |
| EPS | $-1.09 | $-1.85 | $-2.21 |
| EPS (Diluted) | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 28, 2026 3:11am (2h ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash & Equivalents | $81.9M | $123.4M | $793.0M |
| Total Current Assets | $149.9M | $180.7M | $963.2M |
| Total Assets | $321.2M | $407.3M | $1.8B |
| Current Liabilities | $136.8M | $179.4M | $213.6M |
| Long-Term Debt | $95.6M | $141.6M | $281.4M |
| Total Liabilities | $825.7M | $1.2B | $635.0M |
| Total Equity | -$504.5M | -$767.6M | $1.2B |
| Retained Earnings | -$504.5M | -$767.6M | -$1.0B |
Cash Flow (Annual)
Last updated: Jun 28, 2026 3:11am (2h ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -$93.4M | -$157.7M | -$204.9M |
| Capital Expenditure | -$77.2M | -$32.7M | -$32.8M |
| Free Cash Flow | -$170.7M | -$190.3M | -$237.8M |
| Acquisitions (net) | $7.3M | $0 | -$277.4M |
| Debt Repayment | — | — | — |
| Dividends Paid | — | — | — |
| Stock Buybacks | $0 | $0 | $0 |
| Net Change in Cash | $77.3M | $42.4M | $655.4M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:29am (19h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$710.7M $640.8M – $767.7M
|
$1.1B $1.1B – $1.2B
|
$1.7B $1.6B – $1.8B
|
$2.1B $2.0B – $2.2B
|
| EBITDA |
-$710.7M -$767.7M – -$640.8M
|
-$1.1B -$1.2B – -$1.1B
|
-$1.7B -$1.8B – -$1.6B
|
-$2.1B -$2.2B – -$2.0B
|
| Net Income |
-$191.8M -$241.1M – -$159.7M
|
-$77.5M -$109.6M – -$57.1M
|
$75.9M $68.9M – $82.2M
|
$385.8M $349.8M – $417.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 28, 2026 3:10am (2h ago)| Metric | 2024 | 2025 |
|---|---|---|
| Revenue Growth | +10.1% | +163.0% |
| Gross Profit Growth | -142.7% | +318.8% |
| Operating Income Growth | -58.8% | -17.7% |
| Net Income Growth | -70.6% | -29.1% |
| EBITDA Growth | -56.3% | -46.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | O'Konek Nathan | 0.00 | $0.00 | $0 | |
| 2026-06-04 | McAllister Kevin G | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-06-04 | Zurbuchen Thomas Hansueli | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-06-04 | Emerson Christopher Plummer IV | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-06-04 | Boland Ryan Michael | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-06-04 | Braden Pamela Joyce | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-06-04 | Lusczakoski Jonathan Donald | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-06-04 | Konert Kirk Michael | A-Award | 3,630.00 | $0.00 | $0 |
| 2026-05-18 | Wheeler David Leigh | M-Exempt | 3,765.00 | $2.31 | $8,699 |
| 2026-05-18 | Wheeler David Leigh | M-Exempt | 3,765.00 | $2.31 | $8,699 |
| 2026-05-18 | Wheeler David Leigh | S-Sale | 3,765.00 | $45.12 | $169,885 |
| 2026-04-17 | Wheeler David Leigh | M-Exempt | 3,766.00 | $2.31 | $8,702 |
| 2026-04-17 | Wheeler David Leigh | M-Exempt | 3,766.00 | $2.31 | $8,702 |
| 2026-04-17 | Wheeler David Leigh | S-Sale | 3,766.00 | $45.04 | $169,608 |
| 2026-04-08 | Wu Remington | A-Award | 10,423.00 | $0.00 | $0 |
| 2026-03-23 | Boland Ryan Michael | J-Other | 122,860.00 | $0.00 | $0 |
| 2026-03-23 | Boland Ryan Michael | J-Other | 688,751.00 | $0.00 | $0 |
| 2026-03-23 | Boland Ryan Michael | J-Other | 1,601,440.00 | $0.00 | $0 |
| 2026-03-19 | Kim Jesung | A-Award | 52,836.00 | $0.00 | $0 |
| 2026-03-10 | Wheeler David Leigh | A-Award | 25,044.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FLY — it's generated by the pipeline (
market-narrative step).
No community reviews yet for FLY.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30