Firefly Aerospace (FLY) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Firefly Aerospace reported total assets of $1.82B and total liabilities of $635.00M. Shareholders' equity was $1.19B. Total debt stood at $308.59M against $892.97M in cash and short-term investments, a net cash position of $584.38M. That puts debt-to-equity at 0.26.

Firefly Aerospace Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Firefly Aerospace Inc. (FLY) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Current Assets
Cash and Cash Equivalents	0.79	0.12	0.08
Short-Term Investments	0.10	0.00	0.00
Cash & Short-Term Investments	0.89	0.12	0.08
Accounts Receivable	0.05	0.00	0.00
Inventory	0.00	0.00	0.00
Other Current Assets	0.02	0.06	0.01
Total Current Assets	0.96	0.18	0.15
Non-Current Assets
Property, Plant & Equipment (Net)	0.18	0.15	0.14
Goodwill	0.45	0.02	0.02
Intangible Assets	0.17	0.00	0.00
Other Non-Current Assets	0.06	0.06	0.01
Total Non-Current Assets	0.86	0.23	0.17
Total Assets	1.82	0.41	0.32
Current Liabilities
Accounts Payable	0.04	0.04	0.03
Short-Term Debt	0.01	0.01	0.00
Current Portion of Long-Term Debt	-	0.01	0.00
Accrued Liabilities	0.04	0.01	0.02
Deferred Revenue	0.12	0.11	0.09
Other Current Liabilities	0.05	0.03	0.00
Total Current Liabilities	0.21	0.18	0.14
Non-Current Liabilities
Long-Term Debt	0.30	0.16	0.10
Other Non-Current Liabilities	0.03	0.79	0.00
Total Non-Current Liabilities	0.42	1.00	0.69
Total Liabilities	0.63	1.17	0.83
Stockholders' Equity
Common Stock	0.00	0.00	0.00
Retained Earnings	-1.02	-0.77	-0.50
Additional Paid-in Capital	2.21	0.00	0.00
Shares Outstanding	0.16	0.14	0.14
Total Stockholders' Equity	1.19	-0.77	-0.50
Total Liabilities & Equity	1.82	0.41	0.32

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 Balance Sheet

How much debt does Firefly Aerospace have?

Firefly Aerospace had total debt of $308.59M as of Dec 31, 2025, against $892.97M in cash and short-term investments. Its debt-to-equity ratio was 0.26. Total debt was $168.40M a year earlier.

What are Firefly Aerospace's total assets?

Firefly Aerospace reported total assets of $1.82B as of Dec 31, 2025, up 348.0% from $407.33M a year earlier. Total liabilities were $635.00M.

What is Firefly Aerospace's shareholders' equity?

Firefly Aerospace's shareholders' equity was $1.19B as of Dec 31, 2025, or about $7.47 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition