Firefly Aerospace Inc. (FLY)

Firefly Aerospace Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-298.34	-231.13	-135.46
Depreciation & Amortization	23.16	12.55	4.71
Stock-Based Compensation	17.84	1.84	1.61
Other Adjustments	50.88	19.35	3.99
Change in Receivables	0.64	1.7	-1.04
Changes in Accounts Payable	-17.21	6.99	10.77
Changes in Accrued Expenses	-22.58	-2.05	3.93
Changes in Unearned Revenue	52.96	30.82	53.24
Changes in Other Operating Activities	-10.16	8.17	-33.5
Operating Cash Flow	-204.92	-157.65	-93.43
Capital Expenditures	-32.83	-32.7	-77.25
Sale of Property, Plant & Equipment	0.28	-	-
Purchases of Investments	-100	-	-
Proceeds from Sale of Investments	8.41	-	-
Payments for Business Acquisitions	-277.42	-	7.25
Investing Cash Flow	-401.56	-32.7	-69.99
Short-Term Debt Issued	260	-	-
Net Short-Term Debt Issued (Repaid)	260	-	-
Long-Term Debt Issued	-	48.99	122.86
Long-Term Debt Repaid	-155.72	-3.8	-2.72
Net Long-Term Debt Issued (Repaid)	-155.72	45.19	120.14
Issuance of Common Stock	945.92	0.59	0.56
Net Common Stock Issued (Repurchased)	945.92	0.59	0.56
Issuance of Preferred Stock	232	189.04	149.83
Net Preferred Stock Issued (Repurchased)	232	189.04	149.83
Preferred Share Dividends Paid	-4.99	-	-
Other Financing Activities	-15.31	-2.05	-29.8
Financing Cash Flow	1,262	232.76	240.73
Net Cash Flow	655.41	42.41	77.3
Free Cash Flow	-237.75	-190.35	-170.68
FCF Margin	-148.73%	-313.11%	-309.01%
Free Cash Flow Per Share	-3.44	-14.85	-14.25
Levered Free Cash Flow	-236.33	-196.85	-74.23
Unlevered Free Cash Flow	-238.49	-185.68	-169.97

Updated Mar 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q