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

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

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

Firefly Aerospace (FLY) has reported Operating Expenses for 3 consecutive years, with $113.1 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $113.1 million, up 86.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $343.7 million (up 62.41% YoY), and the FY2025 annual result was $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.
  • Over five years, Operating Expenses peaked at $113.1 million in Q1 2026 and troughed at $42.0 million in Q3 2024.
  • Average Operating Expenses over 3 years is $69.4 million, with a median of $59.6 million recorded in 2025.
  • Year-over-year, Operating Expenses grew 12.52% in 2025 and surged 86.18% in 2026.
  • Over 3 years, Operating Expenses stood at $57.1 million in 2024, then jumped by 78.01% to $101.6 million in 2025, then grew by 11.39% to $113.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn 2.10 Bn
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 19.59 Bn
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 12.06 Bn
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn -
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 120.00 Mn
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 273.00 Mn
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn 8.89 Bn
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn 132.46 Mn
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn 750.00 Mn
10 Firefly Aerospace 4.53 Bn 3.98 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