Firefly Aerospace Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-334.92	-298.34	-231.13	-135.46
Depreciation & Amortization	35.09	23.16	12.55	4.71
Stock-Based Compensation	29.92	17.84	1.84	1.61
Other Adjustments	60.04	50.88	19.35	3.99
Change in Receivables	15.87	0.64	1.7	-1.04
Changes in Accounts Payable	-7.94	-17.21	6.99	10.77
Changes in Accrued Expenses	-23.95	-22.58	-2.05	3.93
Changes in Unearned Revenue	64.2	52.96	30.82	53.24
Changes in Other Operating Activities	-39.8	-10.16	8.17	-33.5
Operating Cash Flow	-210.93	-204.92	-157.65	-93.43
Operating Cash Flow Growth	-	-	-	-
Capital Expenditures	-46.52	-32.83	-32.7	-77.25
Sale of Property, Plant & Equipment	-	0.28	-	-
Purchases of Investments	-225	-100	-	-
Proceeds from Sale of Investments	8.41	8.41	-	-
Cash Acquisitions	-	-277.42	-	7.25
Investing Cash Flow	-540.24	-401.56	-32.7	-69.99
Short-Term Debt Issued	-	260	-	-
Net Short-Term Debt Issued (Repaid)	-	260	-	-
Long-Term Debt Issued	-0.47	-	48.99	122.86
Long-Term Debt Repaid	-134	-155.72	-3.8	-2.72
Net Long-Term Debt Issued (Repaid)	-134.47	-155.72	45.19	120.14
Issuance of Common Stock	2.27	945.92	0.59	0.56
Net Common Stock Issued (Repurchased)	2.27	945.92	0.59	0.56
Issuance of Preferred Stock	116.69	232	189.04	149.83
Net Preferred Stock Issued (Repurchased)	116.69	232	189.04	149.83
Preferred Share Dividends Paid	-	-4.99	-	-
Other Financing Activities	0.26	-15.31	-2.05	-29.8
Financing Cash Flow	885.08	1,262	232.76	240.73
Net Cash Flow	133.91	655.41	42.41	77.3
Free Cash Flow	-257.45	-237.75	-190.35	-170.68
Free Cash Flow Growth	-	-	-	-
FCF Margin	-139.25%	-148.73%	-313.11%	-309.01%
Free Cash Flow Per Share	-2.43	-3.44	-14.85	-14.25
Levered Free Cash Flow	-511.75	-236.33	-196.85	-74.23
Unlevered Free Cash Flow	-287.06	-238.49	-185.68	-169.97

SEC Filings: 10-K · 10-Q