Firefly Aerospace FLY
NASDAQ FLY
$21.81 -1.09 (-4.76%)
As of: Sep 9, 2026 · 3:59 PM EDT

Firefly Aerospace (FLY) Gross Margin (2024 - 2026)

Firefly Aerospace's (FLY) quarterly Gross Margin came in at 20.29% in Q2 2026, down 541.0% on a YoY basis from 4.6% in Q2 2025, and down 6.03% quarter-over-quarter from 21.59% in Q1 2026.

Analysis

Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends

Firefly Aerospace (FLY) has reported Gross Margin for 3 consecutive years, with 20.29% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 541.0% year-over-year to 20.29%; the trailing twelve-month figure through Jun 2026 stood at 22.92% (up 2893.0% YoY), and the FY2025 full-year result was 19.18%, up 3788.0% from the prior year.
  • Gross Margin eased to 20.29% in Q2 2026 per FLY's latest filing, from 21.59% in the prior quarter.
  • Across five years, Gross Margin topped out at 34.74% in Q3 2024 and bottomed at 223.2% in Q4 2024.
  • Historically, Gross Margin has averaged 5.29% across 3 years, with a median of 21.59% in 2026.
  • The widest YoY moves for Gross Margin: up 25088 bps in 2025, down 715 bps in 2025.
  • Over 3 years, Gross Margin stood at 223.2% in 2024, then surged by 112 bps to 27.67% in 2025, then fell by 27 bps to 20.29% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 20.29%, 21.59%, and 27.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Rocket Lab 38.44 Bn 36.14 Bn 84.58 Mn 36.13%
2 Firefly Aerospace 3.60 Bn 2.79 Bn 23.88 Mn 20.29%
3 Intuitive Machines 3.34 Bn 4.15 Bn 35.87 Mn 17.40%
4 Redwire 2.62 Bn 2.07 Bn 32.54 Mn 27.80%
5 Virgin Galactic Holdings 336.70 Mn 336.70 Mn -28.05 Mn -20,931.34%
6 Sidus Space 209.29 Mn 42.77 Mn -629,723.00 -108.00%
7 Starfighters Space 153.64 Mn 153.64 Mn - -
8 Momentus 49.69 Mn -58.02 Mn 25,000.00 83.33%
9 Helio 40.14 Mn 39.67 Mn 122,607.00 26.81%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 20.29%
Mar 31, 2026 21.59%
Dec 31, 2025 27.67%
Sep 30, 2025 27.58%
Jun 30, 2025 25.69%
Mar 31, 2025 3.97%
Dec 31, 2024 -223.20%
Sep 30, 2024 34.74%
Jun 30, 2024 14.01%