3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $160M | -$298M | 19.2% | -163.1% | -$238M | — | $793M |
| 2024 | $61M | -$231M | -18.7% | -344.5% | -$190M | $113M | $123M |
| 2023 | $55M | -$135M | 48.2% | -238.8% | -$171M | — | $82M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $81M | -$97M | 21.6% | -118.3% | -$79M | — | $326M |
| Dec '25 | $58M | -$41M | 27.7% | -148.4% | -$79M | — | $793M |
| Sep '25 | $31M | -$133M | 27.6% | -202.1% | -$62M | — | $995M |
| Jun '25 | $16M | -$64M | 25.7% | -349.5% | — | $136M | $205M |
| Mar '25 | $56M | -$60M | 4.0% | -104.8% | -$59M | — | $177M |
| Dec '24 | $9M | -$84M | -223.2% | -854.7% | -$43M | $113M | $123M |
| Sep '24 | $22M | -$41M | 34.7% | -152.9% | -$45M | — | $26M |
| Jun '24 | $21M | -$53M | 14.0% | -232.1% | — | — | $22M |
| Mar '24 | — | -$53M | — | — | — | — | — |
How the market has priced FLY against its own fundamentals since 2025-08 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 2 years, Firefly Aerospace Inc.'s revenue has grown 70.1% per year. These are computed facts, not advice.
As of FY2025, Firefly Aerospace Inc. reported — of total debt against $793M of cash.
In FY2025, gross margin was 19.2%, operating margin -163.1%, and net margin -186.6%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.