Firefly Aerospace (FLY) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Firefly Aerospace used $204.92M of cash in operating activities and spent $32.83M on capital expenditures. That left free cash flow of −$237.75M. It paid $4.99M in dividends.

Firefly Aerospace Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities 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
Operating Activities
Net Income	-0.30	-0.23	-0.14
Depreciation & Amortization	0.02	0.01	0.00
Deferred Income Tax	-0.04	0.00	0.00
Stock Based Compensation	0.02	0.00	0.00
Change in Working Capital	0.00	0.05	0.03
Change in Accounts Receivable	0.00	0.00	0.00
Change in Accounts Payable	-0.02	0.01	0.01
Change in Other Working Capital	0.02	0.01	-0.03
Other Operating Activities	0.09	0.02	0.00
Net Cash from Operating Activities	-0.20	-0.16	-0.09
Investing Activities
Capital Expenditures	-0.03	-0.03	-0.08
Acquisitions	-0.28	0.00	0.01
Purchases of Investments	-0.10	0.00	0.00
Sales/Maturities of Investments	0.01	0.00	0.00
Other Investing Activities	0.00	0.00	0.00
Net Cash from Investing Activities	-0.40	-0.03	-0.07
Financing Activities
Debt Repayment	0.10	0.00	0.00
Common Stock Issued	1.17	0.00	0.00
Dividends Paid	0.00	0.00	0.00
Other Financing Activities	0.00	0.00	-0.03
Net Cash from Financing Activities	1.26	0.23	0.24
Summary
Net Change in Cash	0.66	0.04	0.08
Cash at Beginning of Period	0.14	0.10	0.02
Cash at End of Period	0.79	0.14	0.10
Free Cash Flow	-0.24	-0.19	-0.17
Supplemental Disclosures
Interest Paid	-	0.02	0.01

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 Cash Flow

What is Firefly Aerospace's free cash flow?

Firefly Aerospace had negative free cash flow of $237.75M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$204.92M minus $32.83M of capital expenditures.

How much does Firefly Aerospace spend on capital expenditures?

Firefly Aerospace spent $32.83M on capital expenditures in fiscal 2025, compared with $32.70M a year earlier.

Does Firefly Aerospace pay dividends or buy back shares?

Yes. In fiscal 2025 Firefly Aerospace returned $4.99M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition