Firefly Aerospace Inc. (FLY) Revenue History
Annual and quarterly revenue from 2023 to 2025
Compound Annual Growth Rate (CAGR)
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FLY Revenue Growth
Revenue Breakdown (FY 2025)
FLY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FLY Revenue Analysis (2023–2025)
As of May 8, 2026, Firefly Aerospace Inc. (FLY) generated trailing twelve-month (TTM) revenue of $184.9 million, reflecting explosive growth of +44.8% year-over-year. The most recent quarter (Q1 2026) recorded $80.9 million in revenue, up 40.2% sequentially.
Looking at the longer-term picture, FLY's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $159.9 million in 2025, representing a new all-time high.
Revenue diversification analysis shows FLY's business is primarily driven by Spacecraft Solutions Revenue (63%), and Launch Revenue (37%). With over half of revenue concentrated in Spacecraft Solutions Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including RKT, MNTS (-63.8% YoY), and ASTS (+1505.2% YoY), FLY has underperformed the peer group in terms of revenue growth. Compare FLY vs RKT →
FLY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FLYCurrent | $185M | +44.8% | - | -154.3% | |
 RKT | $6.9B | - | - | 8.7% | |
 MNTS | $2M | -63.8% | - | -1404.1% | |
 ASTS | $71M | +1505.2% | +64.1% | -405.7% | |
 SPCE | $7M | -82.4% | +13.2% | -5352.9% | |
 BA | $89.5B | +32.7% | +9.0% | -6.1% |
FLY Historical Revenue Data (2023–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $159.9M | +163.0% | $24.9M | 15.6% | $-246,582,000 | -154.3% |
| 2024 | $60.8M | +10.1% | $-11,365,000 | -18.7% | $-209,453,000 | -344.5% |
| 2023 | $55.2M | - | $26.6M | 48.2% | $-131,875,000 | -238.8% |
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Start ComparisonFLY — Frequently Asked Questions
Quick answers to the most common questions about buying FLY stock.
Is FLY's revenue growth accelerating or slowing?
FLY revenue is accelerating at +44.8% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $185M. Growth momentum has increased versus prior periods.
What is FLY's long-term revenue growth rate?
Firefly Aerospace Inc.'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +44.8% is above this long-term average.
How is FLY's revenue distributed by segment?
FLY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2023-2025 are available for download. Segment mix reveals concentration and diversification trends.