Firefly Aerospace (FLY) Operating Expenses (2024 - 2026)
Firefly Aerospace (FLY) reported Operating Expenses of $113.1 million for Q1 2026, up 86.18% on a YoY basis from $60.8 million in Q1 2025, and up 11.39% quarter-over-quarter from $101.6 million in Q4 2025.
Firefly Aerospace (FLY) Operating Expenses (2024 - 2026) Analysis & Trends
Firefly Aerospace has reported Operating Expenses for 3 years, with the latest figure 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.
- The five-year high for Operating Expenses was $113.1 million in Q1 2026, with the low at $42.0 million in Q3 2024.
- Historically, Operating Expenses has averaged $69.4 million across 3 years, with a median of $59.6 million in 2025.
- Annual changes were most pronounced in 2025 — Operating Expenses advanced 12.52% — and 2026, when it soared 86.18%.
- Firefly Aerospace's Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | 1.85 Mn |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 10.18 Bn |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 19.59 Bn |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 2.10 Bn |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | - |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 120.00 Mn |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 12.06 Bn |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 8.89 Bn |
| 10 | Firefly Aerospace | 5.33 Bn | 4.78 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 |