Firefly Aerospace (FLY) Income Statement

Firefly Aerospace reported revenue of $159.85M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 163.0% from $60.79M a year earlier. Firefly Aerospace posted a net loss of $298.34M, compared with a net loss of $265.81M a year earlier. Gross margin was 19.2% and operating margin -163.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $117.68M, up 656.9% from the same quarter a year earlier.

Firefly Aerospace Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Firefly Aerospace Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Revenue & Gross Profit
Revenue	159.86	60.79	55.24
Cost of Revenue	129.19	72.16	28.64
Gross Profit	30.67	-11.37	26.60
Operating Expenses
Research & Development	200.12	149.50	117.87
Selling, General & Administrative	91.25	46.85	40.61
Operating Expenses	291.36	198.09	158.48
Operating Income	-260.70	-209.45	-131.88
Other Income/Expense
Interest Income	18.19	2.60	2.92
Interest Expense	21.56	-55.05	-24.78
Other Income/Expense	-71.40	-21.68	-3.58
Income
Income Before Tax	-335.47	-265.81	-156.27
Income Tax Expense	-37.13	0.00	0.00
Net Income	-298.34	-265.81	-156.27
Net Income - Continuous Operations	-298.34	-231.13	-135.46
Net Income - Discontinued Operations	-	-	-
EBITDA	-290.75	-195.17	-127.17
EBIT	-313.91	-207.71	-131.88
Depreciation & Amortization	23.16	12.55	4.71
Earnings Per Share
Basic EPS	-5.00	-21.00	-13.00
Diluted EPS	-5.00	-21.00	-13.00
Basic Shares Outstanding	69.20	12.82	11.98
Diluted Shares Outstanding	69.20	12.82	11.98

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Firefly Aerospace Financial Statements

What was Firefly Aerospace's revenue in fiscal 2025?

Firefly Aerospace reported revenue of $159.85M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 163.0% from $60.79M a year earlier.

Is Firefly Aerospace profitable?

No. Firefly Aerospace reported a net loss of $298.34M in fiscal 2025. In fiscal 2024 it lost $265.81M.

What is Firefly Aerospace's operating margin?

Firefly Aerospace's operating income was −$260.70M on revenue of $159.85M in fiscal 2025, an operating margin of -163.1%, compared with -344.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition