Firefly Aerospace Inc. logo FLY - Firefly Aerospace Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 5
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $39.40 DETAILS
HIGH: $60.00
LOW: $32.00
MEDIAN: $35.00
CONSENSUS: $39.40
DOWNSIDE: 20.40%
Annual Quarterly
Metric 2025 2024 2023
Revenue
Revenue 159.9 60.8 55.2
Cost of Revenue 135.0 72.2 28.6
Gross Profit 24.9 (11.4) 26.6
Operating Expenses
R&D Expenses 200.1 149.5 117.9
SG&A Expenses 71.3 46.8 40.6
Other Expenses 0 1.7 (0.0)
Operating Expenses 271.4 198.1 158.5
Operating Income
Operating Income (246.6) (209.5) (131.9)
Interest Expense 21.6 20.4 4.0
Interest Income 18.2 0 0
Profitability
EBITDA (222.0) (198.2) (126.8)
EBIT (246.6) (210.8) (131.5)
Income Before Tax (335.5) (231.1) (135.5)
Income Tax Expense (37.1) 0 0
Net Income (298.3) (231.1) (135.5)
Per Share Data
EPS (Basic) -2.21 -1.85 -1.09
EPS (Diluted) -2.21 -1.85 -1.09
Shares Outstanding 151.9 143.6 143.6
Metric 2025 2024 2023
Current Assets
Cash & Cash Equivalents 793.0 123.4 81.9
Short-Term Investments 100.0 0 0
Net Receivables 46.1 1.0 2.7
Inventory 0 0 0.2
Other Current Assets 24.1 1.9 7.5
Total Current Assets 963.2 180.7 149.9
Non-Current Assets
Property, Plant & Equipment 181.4 153.9 138.3
Goodwill 450.1 17.1 17.1
Intangible Assets 165.7 0 0
Long-Term Investments 0 0 0
Other Non-Current Assets 64.5 55.6 15.9
Total Non-Current Assets 861.8 226.6 171.3
Total Assets 1,824.9 407.3 321.2
Current Liabilities
Account Payables 36.0 37.7 27.6
Short-Term Debt 9.3 6.3 1.0
Deferred Revenue 116.1 108.1 89.4
Other Current Liabilities 52.2 10.8 0.5
Total Current Liabilities 213.6 179.4 136.8
Non-Current Liabilities
Long-Term Debt 281.4 141.6 95.6
Deferred Tax Liabilities 0 0 0
Other Non-Current Liabilities 29.6 789.6 537.0
Total Non-Current Liabilities 421.4 995.6 688.9
Total Liabilities 635.0 1,175.0 825.7
Stockholders' Equity
Common Stock 0.0 0.0 0.0
Retained Earnings (1,020.3) (767.6) (504.5)
Accumulated Other Comprehensive Income 0 0 0
Total Stockholders' Equity 1,189.9 (767.6) (504.5)
Total Liabilities & Equity 1,824.9 407.3 321.2
Debt Metrics
Total Debt 308.6 168.4 120.9
Net Debt (484.4) 45.0 39.0
Metric 2025 2024 2023
Operating Activities
Net Income (298.3) (231.1) (135.5)
Depreciation & Amortization 23.2 12.5 4.7
Stock-Based Compensation 17.8 1.8 1.6
Change in Working Capital 3.7 45.6 33.4
Other Non-Cash Items 85.9 13.5 2.3
Operating Cash Flow (204.9) (157.7) (93.4)
Investing Activities
Capital Expenditure (32.8) (32.7) (77.2)
Acquisitions (277.4) 0 7.3
Purchases of Investments (100) 0 0
Sales/Maturities of Investments 8.4 0 0
Other Investing Activities 0.3 0 0
Investing Cash Flow (401.6) (32.7) (70.0)
Financing Activities
Net Debt Issuance 99.9 45.2 120.1
Stock Repurchased 0 0 0
Dividends Paid (5.0) 0 0
Other Financing Activities 0.6 (1.5) (29.2)
Financing Cash Flow 1,261.9 232.8 240.7
Cash Position
Net Change in Cash 655.4 42.4 77.3
Cash at Beginning 137.6 95.1 17.8
Cash at End 793.0 137.6 95.1
Free Cash Flow (237.8) (190.3) (170.7)
Key Metrics 2025 2024 2023
Income Statement
Revenue 159.9 60.8 55.2
Gross Profit 24.9 (11.4) 26.6
Operating Income (246.6) (209.5) (131.9)
Net Income (298.3) (231.1) (135.5)
EPS (Diluted) -2.21 -1.85 -1.09
Balance Sheet
Cash & Equivalents 793.0 123.4 81.9
Total Assets 1,824.9 407.3 321.2
Total Debt 308.6 168.4 120.9
Stockholders' Equity 1,189.9 (767.6) (504.5)
Cash Flow
Operating Cash Flow (204.9) (157.7) (93.4)
Capital Expenditure (32.8) (32.7) (77.2)
Free Cash Flow (237.8) (190.3) (170.7)