Firefly Aerospace (FLY) Operating Expenses (2024 - 2026)

Firefly Aerospace posted quarterly Operating Expenses of $113.1 million for Q1 2026, up 86.18% year-on-year 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) has 3 years of Operating Expenses data on file, last reported at $113.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 86.18% year-over-year to $113.1 million; the trailing twelve-month figure through Mar 2026 stood at $343.7 million (up 62.41% YoY), and the FY2025 full-year result was $291.4 million, up 47.08% from the prior year.
  • Operating Expenses for Q1 2026 stood at $113.1 million, up from $101.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $113.1 million in Q1 2026 and bottomed at $42.0 million in Q3 2024.
  • The 3-year median for Operating Expenses is $59.6 million (2025), against an average of $69.4 million.
  • The widest annual swing landed in 2025, when Operating Expenses advanced 12.52%; it then soared 86.18% in 2026.
  • A 3-year view of Operating Expenses shows it stood at $57.1 million in 2024, then surged by 78.01% to $101.6 million in 2025, then advanced 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 316.77 Bn 306.03 Bn 9.11 Bn 10.18 Bn
2 Rtx 238.61 Bn 233.51 Bn 9.08 Bn 19.59 Bn
3 Boeing 172.59 Bn 151.68 Bn 2.55 Bn 2.10 Bn
4 Lockheed Martin 122.59 Bn 120.70 Bn 2.08 Bn -
5 Howmet Aerospace 102.88 Bn 100.44 Bn 854.00 Mn 120.00 Mn
6 General Dynamics 92.64 Bn 88.99 Bn 9.09 Bn 12.06 Bn
7 Rocket Lab 82.19 Bn 80.92 Bn 76.49 Mn 132.46 Mn
8 Northrop Grumman 78.95 Bn 76.86 Bn 3.45 Bn 8.89 Bn
9 TransDigm 70.63 Bn 66.75 Bn 1.51 Bn 273.00 Mn
10 Firefly Aerospace 7.90 Bn 7.35 Bn 17.46 Mn 113.13 Mn

Historic Data

Download Data 🔒
DateValue
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