Firefly Aerospace (FLY) Free Cash Flow (2024 - 2026)
Firefly Aerospace's (FLY) quarterly Free Cash Flow came in at -$106.3 million in Q2 2026, down 185.28% on a YoY basis from $124.7 million in Q2 2025, and down 34.76% quarter-over-quarter from -$78.9 million in Q1 2026.
Analysis
Firefly Aerospace (FLY) Free Cash Flow (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has reported Free Cash Flow for 3 consecutive years, with -$106.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 185.28% year-over-year to -$106.3 million; the trailing twelve-month figure through Jun 2026 stood at -$326.5 million (down 77.25% YoY), and the FY2025 full-year result was -$237.8 million, down 24.87% from the prior year.
- Free Cash Flow declined to -$106.3 million in Q2 2026 per FLY's latest filing, from -$78.9 million in the prior quarter.
- Across five years, Free Cash Flow topped out at -$37.3 million in Q2 2025 and bottomed at -$106.3 million in Q2 2026.
- Historically, Free Cash Flow has averaged -$63.8 million across 3 years, with a median of -$60.6 million in 2025.
- The widest YoY moves for Free Cash Flow: up 33.28% in 2026, down 185.28% in 2026.
- Over 3 years, Free Cash Flow stood at -$43.0 million in 2024, then slumped by 84.59% to -$79.3 million in 2025, then slumped by 34.07% to -$106.3 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$106.3 million, -$78.9 million, and -$79.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Lab | 39.00 Bn | 36.70 Bn | 84.58 Mn | -110.12 Mn |
| 2 | Firefly Aerospace | 3.37 Bn | 2.56 Bn | 23.88 Mn | -106.31 Mn |
| 3 | Redwire | 2.39 Bn | 1.83 Bn | 32.54 Mn | -33.47 Mn |
| 4 | Intuitive Machines | 2.36 Bn | 1.98 Bn | 35.87 Mn | -80.96 Mn |
| 5 | Virgin Galactic Holdings | 321.20 Mn | 321.20 Mn | -28.05 Mn | - |
| 6 | Sidus Space | 170.53 Mn | 4.01 Mn | -629,723.00 | -7.11 Mn |
| 7 | Starfighters Space | 93.78 Mn | 93.78 Mn | - | -6.10 Mn |
| 8 | Momentus | 47.19 Mn | -60.51 Mn | 25,000.00 | -9.13 Mn |
| 9 | Helio | 40.15 Mn | 39.69 Mn | 122,607.00 | -1.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -106.31 Mn |
| Mar 31, 2026 | -78.89 Mn |
| Dec 31, 2025 | -79.29 Mn |
| Sep 30, 2025 | -62.00 Mn |
| Jun 30, 2025 | -37.27 Mn |
| Mar 31, 2025 | -59.19 Mn |
| Dec 31, 2024 | -42.96 Mn |
| Sep 30, 2024 | -44.79 Mn |