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

Firefly Aerospace (FLY) posted Operating Expenses of $113.1 million for Q1 2026, up 11.39% on a QoQ basis from $101.6 million in Q4 2025, and up 86.18% year-over-year from $60.8 million in Q1 2025.

Firefly Aerospace (FLY) Operating Expenses (2024 - 2026) Analysis & Trends

Firefly Aerospace's Operating Expenses history runs 3 years deep, the most recent figure standing at $113.1 million for 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 was $113.1 million for Q1 2026 at Firefly Aerospace, 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.
  • 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 increased 12.52% — and 2026, when it soared 86.18%.
  • Firefly Aerospace's Operating Expenses stood at $57.1 million in 2024, then soared by 78.01% to $101.6 million in 2025, then climbed by 11.39% to $113.1 million in 2026.
  • Business Quant data shows FLY's Operating Expenses at $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 General Electric 369.74 Bn 360.40 Bn -3.10 Bn 10.86 Bn
2 Rtx 286.79 Bn 278.48 Bn 9.91 Bn 21.96 Bn
3 Boeing 168.91 Bn 148.89 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.03 Bn 128.24 Bn 2.45 Bn -
5 Howmet Aerospace 111.81 Bn 109.37 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 101.89 Bn 97.56 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.58 Bn 73.27 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.49 Bn 68.61 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.52 Bn 49.93 Bn 1.40 Bn 750.00 Mn
10 Firefly Aerospace 3.11 Bn 2.56 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