Firefly Aerospace (FLY) Operating Expenses (2024 - 2026)
Firefly Aerospace (FLY) posted Operating Expenses of $113.1 million for Q1 2026, up 11.39% quarter-over-quarter from $101.6 million in Q4 2025, and up 86.18% year-on-year from $60.8 million in Q1 2025.
Firefly Aerospace (FLY) Operating Expenses (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has reported Operating Expenses for 3 consecutive years, with $113.1 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $113.1 million, up 86.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $343.7 million (up 62.41% YoY), and the FY2025 annual result was $291.4 million, up 47.08% from the prior year.
- Operating Expenses was $113.1 million for Q1 2026 at Firefly Aerospace, up from $101.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $113.1 million in Q1 2026 and troughed at $42.0 million in Q3 2024.
- Average Operating Expenses over 3 years is $69.4 million, with a median of $59.6 million recorded in 2025.
- Year-over-year, Operating Expenses grew 12.52% in 2025 and surged 86.18% in 2026.
- Over 3 years, Operating Expenses stood at $57.1 million in 2024, then jumped by 78.01% to $101.6 million in 2025, then grew by 11.39% to $113.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $113.1 million in Q1 2026, $101.6 million in Q4 2025, and $70.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.10 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 19.59 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 12.06 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 120.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 273.00 Mn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 8.89 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 132.46 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Firefly Aerospace | 4.53 Bn | 3.98 Bn | 17.46 Mn | 113.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 113.13 Mn |
| Dec 31, 2025 | 101.56 Mn |
| Sep 30, 2025 | 70.68 Mn |
| Jun 30, 2025 | 58.35 Mn |
| Mar 31, 2025 | 60.76 Mn |
| Dec 31, 2024 | 57.05 Mn |
| Sep 30, 2024 | 41.97 Mn |
| Jun 30, 2024 | 51.85 Mn |