Firefly Aerospace (FLY) Operating Expenses (2024 - 2026)
Firefly Aerospace's (FLY) quarterly Operating Expenses came in at $113.1 million in Q1 2026, up 86.18% YoY from $60.8 million in Q1 2025, and up 11.39% on a QoQ basis from $101.6 million in Q4 2025.
Firefly Aerospace (FLY) Operating Expenses (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has 3 years of Operating Expenses data on file, last reported at $113.1 million in Q1 2026.
- Quarterly Operating Expenses rose 86.18% year-over-year to $113.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $343.7 million (up 62.41% YoY) and the FY2025 annual result came in at $291.4 million, up 47.08% from the prior year.
- Operating Expenses advanced to $113.1 million in Q1 2026, from $101.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $113.1 million in Q1 2026 to a low of $42.0 million in Q3 2024.
- A 3-year average of $69.4 million and a median of $59.6 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses advanced 12.52% — and 2026, when it soared 86.18%.
- Tracing FLY's Operating Expenses over 3 years: stood at $57.1 million in 2024, then jumped by 78.01% to $101.6 million in 2025, then gained by 11.39% to $113.1 million in 2026.
- The last three Operating Expenses figures came in at $113.1 million (Q1 2026), $101.6 million (Q4 2025), and $70.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 363.26 Bn | 353.92 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 286.88 Bn | 278.57 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 169.88 Bn | 149.85 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 130.98 Bn | 127.19 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 110.40 Bn | 109.84 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.51 Bn | 100.18 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 79.23 Bn | 76.92 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 68.62 Bn | 65.85 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.23 Bn | 48.71 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Firefly Aerospace | 3.93 Bn | 3.12 Bn | 23.88 Mn | 119.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 119.07 Mn |
| 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 |