Firefly Aerospace Inc.
FLYNasdaqIndustrials · Guided Missiles & Space Vehicles & Parts · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | $159.9M | $60.8M | $55.2M |
| Operating income | −$260.7M | −$209.5M | −$131.9M |
| Net income | −$298.3M | −$231.1M | −$135.5M |
| Total assets | $1.82B | $407.3M | — |
| Total liabilities | $635.0M | $415.4M | — |
| Equity | $1.19B | −$767.6M | −$504.5M |
| EPS (diluted) | $-4.83 | $-20.74 | $-13.05 |
| Shares out. | 159.3M | 13.2M | 12.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −163.1%
- Net margin
- −186.6%
- Return on equity
- −25.1%
- Return on assets
- −16.3%
- Return on capital (ROCE)
- −16.2%
- Liabilities / assets
- 34.8%
- Debt / equity
- 0.53×
- Book value / share
- $7.47
- Revenue growth (YoY)
- 163.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 1.88grey zone
- Accruals / assets
- −5.1%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 4 warning● 3 good- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Altman Z″ in the grey zone
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Aeroequity Gp, LlcPassive (13G)Feb 2, 2026
- Astera InstitutePassive (13G)Nov 10, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Wheeler David LeighOfficer — General Counsel | May 18, 2026 | Option exercise | 3,765 | $2.31 |
| Wheeler David LeighOfficer — General Counsel | Apr 17, 2026 | Option exercise | 3,766 | $2.31 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 9.2M | 1.3 | +12.9% |
| Apr 30, 2026 | 8.2M | 1.6 | -11.1% |
| Apr 15, 2026 | 9.2M | 1.1 | +17.6% |
| Mar 31, 2026 | 7.8M | 1.2 | +14.6% |
| Mar 13, 2026 | 6.8M | 1.8 | +6.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 4, 2026
- Director / officer changeApr 21, 2026
- Entered a material agreement · New financial obligation · Director / officer change · Other material eventApr 3, 2026
- Results of operationsMar 19, 2026
- Director / officer changeMar 3, 2026
- Director / officer change · Regulation FD disclosureDec 11, 2025
- Results of operations · Regulation FD disclosureNov 12, 2025
- Entered a material agreement · New financial obligationNov 10, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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