Firefly Aerospace Inc (FLY) FinancialsFLYFirefly Aerospace Inc

Firefly Aerospace Inc. (FLY) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Spacecraft Solutions revenue, accounting for 92.0% of total sales, equivalent to $108.28M. Another important revenue stream is Launch revenue. Understanding this composition is critical for investors evaluating how FLY navigates market cycles within the Aerospace & Defense industry.

Evaluating the bottom line, Firefly Aerospace Inc. maintains a gross margin of 20.29%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -80.89%, while the net margin is -78.45%. These profitability ratios, combined with a Return on Equity (ROE) of -242.95%, provide a clear picture of how effectively FLY converts its operational activities into shareholder value.

In the context of the broader market, FLY competes directly with industry leaders such as MIR and LUNR. With a market capitalization of $4.46B, it holds a leading position in the sector. When comparing efficiency, FLY's gross margin of 20.29% stands against MIR's 49.89% and LUNR's 10.16%. Such benchmarking helps identify whether Firefly Aerospace Inc. is trading at a premium or discount relative to its financial performance.

Firefly Aerospace reported a revenue of approximately $159.9 million for FY 2025, a 163% increase year-over-year, but it also faced a net loss of nearly $298.3 million, highlighting significant financial challenges.