Firefly Aerospace Inc. (FLY) 10-Year Financial Performance & Capital Metrics

FLY • • Industrial / General

IndustrialsAerospace & DefenseSpace Systems & Launch ServicesLaunch Vehicle Providers

AboutFirefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers. It offers integrated launch and space services technology that is committed to enabling launch, transit, and operations in space. The company also provides Alpha, a responsive small launch service; Eclipse, a medium-lift launch vehicle; Blue Ghost, a lunar delivery and operation service; Elytra, which offers space maneuverability and servicing; and Ocula, a lunar imaging service. The company was incorporated in 2017 and is headquartered in Cedar Park, Texas.Show more

Revenue $61M +10.1%
EBITDA -$197M -54.8%
Net Income -$231M -70.6%
EPS (Diluted) -1.85 -70.1%
Gross Margin -18.69% -138.8%
EBITDA Margin -323.9% -40.7%
Operating Margin -344.54% -44.3%
Net Margin -380.2% -55.0%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -10.28 +69.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-86.54%

5Y Avg-86.54%

3Y Avg-86.54%

Latest-101.58%

Peer Comparison

Launch Vehicle Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
MNTSMomentus Inc.	15.21M	9.11	-3.93	-31.56%	-44.56%
FLYFirefly Aerospace Inc.	4.74B	29.75	-16.08	10.06%	-380.2%
RKLBRocket Lab USA, Inc.	48.48B	90.76	-238.84	78.34%	-35.64%	-15.43%	1.22

Profit & Loss

	Dec 2023	Dec 2024
Sales/Revenue+	55.23M	60.79M
Revenue Growth %	-	0.1%
Cost of Goods Sold+	28.64M	72.16M
COGS % of Revenue	0.52%	1.19%
Gross Profit+	26.6M	-11.37M
Gross Margin %	0.48%	-0.19%
Gross Profit Growth %	-	-1.43%
Operating Expenses+	158.47M	198.09M
OpEx % of Revenue	2.87%	3.26%
Selling, General & Admin	40.6M	46.85M
SG&A % of Revenue	0.74%	0.77%
Research & Development	117.87M	149.5M
R&D % of Revenue	2.13%	2.46%
Other Operating Expenses	-1K	1.74M
Operating Income+	-131.88M	-209.45M
Operating Margin %	-2.39%	-3.45%
Operating Income Growth %	-	-0.59%
EBITDA+	-127.17M	-196.91M
EBITDA Margin %	-2.3%	-3.24%
EBITDA Growth %	-	-0.55%
D&A (Non-Cash Add-back)	4.71M	12.54M
EBIT	-131.49M	-210.76M
Net Interest Income+	-3.96M	-20.37M
Interest Income	0	0
Interest Expense	3.96M	20.37M
Other Income/Expense	-3.58M	-21.68M
Pretax Income+	-135.46M	-231.13M
Pretax Margin %	-2.45%	-3.8%
Income Tax+	0	0
Effective Tax Rate %	1%	1%
Net Income+	-135.46M	-231.13M
Net Margin %	-2.45%	-3.8%
Net Income Growth %	-	-0.71%
Net Income (Continuing)	-135.46M	-231.13M
Discontinued Operations	0	0
Minority Interest	0	0
EPS (Diluted)+	-1.09	-1.85
EPS Growth %	-	-0.7%
EPS (Basic)	-1.09	-1.85
Diluted Shares Outstanding	143.65M	143.65M
Basic Shares Outstanding	143.65M	143.65M
Dividend Payout Ratio	-	-

Balance Sheet

	Dec 2023	Dec 2024
Total Current Assets+	149.94M	180.72M
Cash & Short-Term Investments	81.94M	123.43M
Cash Only	81.94M	123.43M
Short-Term Investments	0	0
Accounts Receivable	2.7M	1M
Days Sales Outstanding	17.87	6.03
Inventory	247K	0
Days Inventory Outstanding	3.15	-
Other Current Assets	7.51M	1.94M
Total Non-Current Assets+	171.26M	226.62M
Property, Plant & Equipment	138.26M	153.89M
Fixed Asset Turnover	0.40x	0.40x
Goodwill	17.1M	17.1M
Intangible Assets	0	0
Long-Term Investments	0	0
Other Non-Current Assets	15.91M	55.63M
Total Assets+	321.21M	407.33M
Asset Turnover	0.17x	0.15x
Asset Growth %	-	0.27%
Total Current Liabilities+	136.77M	179.38M
Accounts Payable	27.62M	37.72M
Days Payables Outstanding	352.11	190.8
Short-Term Debt	965K	6.35M
Deferred Revenue (Current)	1000K	1000K
Other Current Liabilities	452K	10.84M
Current Ratio	1.10x	1.01x
Quick Ratio	1.09x	1.01x
Cash Conversion Cycle	-331.1	-
Total Non-Current Liabilities+	688.92M	995.58M
Long-Term Debt	95.61M	141.6M
Capital Lease Obligations	22.52M	18.46M
Deferred Tax Liabilities	0	0
Other Non-Current Liabilities	537.04M	789.61M
Total Liabilities	825.69M	1.17B
Total Debt+	120.95M	168.4M
Net Debt	39M	44.97M
Debt / Equity	-	-
Debt / EBITDA	-	-
Net Debt / EBITDA	-	-
Interest Coverage	-33.28x	-10.28x
Total Equity+	-504.49M	-767.62M
Equity Growth %	-	-0.52%
Book Value per Share	-3.51	-5.34
Total Shareholders' Equity	-504.49M	-767.62M
Common Stock	1K	1K
Retained Earnings	-504.49M	-767.62M
Treasury Stock	0	0
Accumulated OCI	0	0
Minority Interest	0	0

Cash Flow

	Dec 2023	Dec 2024
Cash from Operations+	-93.43M	-157.65M
Operating CF Margin %	-1.69%	-2.59%
Operating CF Growth %	-	-0.69%
Net Income	-135.46M	-231.13M
Depreciation & Amortization	4.71M	12.54M
Stock-Based Compensation	1.61M	1.84M
Deferred Taxes	0	0
Other Non-Cash Items	2.3M	13.47M
Working Capital Changes	33.4M	45.63M
Change in Receivables	-1.04M	1.7M
Change in Inventory	0	0
Change in Payables	10.77M	6.99M
Cash from Investing+	-69.99M	-32.7M
Capital Expenditures	-77.25M	-32.7M
CapEx % of Revenue	1.4%	0.54%
Acquisitions	-	-
Investments	-	-
Other Investing	0	0
Cash from Financing+	240.73M	232.76M
Debt Issued (Net)	-	-
Equity Issued (Net)	-	-
Dividends Paid	0	0
Share Repurchases	-	-
Other Financing	-29.24M	-1.47M
Net Change in Cash	-	-
Free Cash Flow+	-170.68M	-190.35M
FCF Margin %	-3.09%	-3.13%
FCF Growth %	-	-0.12%
FCF per Share	-1.19	-1.33
FCF Conversion (FCF/Net Income)	0.69x	0.68x
Interest Paid	12.58M	21.13M
Taxes Paid	0	0

Key Ratios

Metric	2023	2024
Gross Margin	48.16%	-18.69%
Net Margin	-245.24%	-380.2%
Interest Coverage	-33.28x	-10.28x
FCF Conversion	0.69x	0.68x
Revenue Growth	-	10.06%

Revenue by Geography

	2013	2014	2015	2016	2017
Asia Pacific	-	-	135.25M	119.94M	152.39M
Asia Pacific Growth	-	-	-	-11.32%	27.06%
Europe	152.57M	156.03M	178.56M	106.68M	113.12M
Europe Growth	-	2.26%	14.44%	-40.25%	6.04%
INDIA	-	-	19.57M	39.64M	64.38M
INDIA Growth	-	-	-	102.53%	62.41%
Middle East and Africa	-	-	31.12M	38.44M	39.94M
Middle East and Africa Growth	-	-	-	23.51%	3.89%
PHILIPPINES	-	-	38.68M	29.13M	29.82M
PHILIPPINES Growth	-	-	-	-24.69%	2.39%
Other Countries, Europe	-	-	73.87M	44.45M	27.25M
Other Countries, Europe Growth	-	-	-	-39.83%	-38.69%
Germany	-	-	-	-	26.46M
Germany Growth	-	-	-	-	-
North America	44.37M	44.96M	43.7M	30.81M	23.88M
North America Growth	-	1.32%	-2.81%	-29.48%	-22.49%
CHINA	-	-	37.94M	23.88M	22.61M
CHINA Growth	-	-	-	-37.06%	-5.32%
Other Countries in Asia and South Pacific	-	-	39.06M	27.29M	19.26M
Other Countries in Asia and South Pacific Growth	-	-	-	-30.13%	-29.41%
UNITED STATES	-	-	37.32M	24.59M	17.65M
UNITED STATES Growth	-	-	-	-34.10%	-28.24%
Mexico, South And Central America	-	-	41.07M	17.71M	17.57M
Mexico, South And Central America Growth	-	-	-	-56.88%	-0.80%
TURKEY	-	-	29.85M	24.59M	17.1M
TURKEY Growth	-	-	-	-17.60%	-30.46%
Indonesia	-	-	-	-	16.31M
Indonesia Growth	-	-	-	-	-
Spain	-	-	-	-	11.2M
Spain Growth	-	-	-	-	-
Other Countries in Middle East and Africa	-	-	8.31M	8.36M	9.92M
Other Countries in Middle East and Africa Growth	-	-	-	0.51%	18.68%
CHILE	-	-	24.34M	8.94M	8.94M
CHILE Growth	-	-	-	-63.27%	0.00%
Other Countries in South and Central America	-	-	16.73M	8.77M	8.63M
Other Countries in South and Central America Growth	-	-	-	-47.60%	-1.62%
Other Countries in North America	-	-	6.38M	6.22M	6.24M
Other Countries in North America Growth	-	-	-	-2.46%	0.22%
Russia	-	-	24.09M	3.14M	1.93M
Russia Growth	-	-	-	-86.96%	-38.65%
Asia And South Pacific	96.07M	136.63M	-	-	-
Asia And South Pacific Growth	-	42.22%	-	-	-
Mexico South And Central America	48.09M	49.85M	-	-	-
Mexico South And Central America Growth	-	3.66%	-	-	-
Middle East And Africa	18.31M	17.2M	-	-	-
Middle East And Africa Growth	-	-6.04%	-	-	-

Frequently Asked Questions

Growth & Financials

Firefly Aerospace Inc. (FLY) reported $60.8M in revenue for fiscal year 2024. This represents a 10% increase from $55.2M in 2023.

Firefly Aerospace Inc. (FLY) grew revenue by 10.1% over the past year. This is steady growth.

Firefly Aerospace Inc. (FLY) reported a net loss of $231.1M for fiscal year 2024.

Dividend & Returns

Firefly Aerospace Inc. (FLY) had negative free cash flow of $190.3M in fiscal year 2024, likely due to heavy capital investments.

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