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| 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 |