Firefly Aerospace (FLY) Research & Development (2024 - 2026)

Firefly Aerospace (FLY) reported Research & Development of $67.5 million for Q1 2026, up 40.61% on a YoY basis from $48.0 million in Q1 2025, and up 17.27% quarter-over-quarter from $57.6 million in Q4 2025.

Firefly Aerospace (FLY) Research & Development (2024 - 2026) Analysis & Trends

Firefly Aerospace has reported Research & Development for 3 years, with the latest figure at $67.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 40.61% year-over-year to $67.5 million; the trailing twelve-month figure through Mar 2026 stood at $219.6 million (up 37.37% YoY), and the FY2025 full-year result was $200.1 million, up 33.86% from the prior year.
  • Research & Development for Q1 2026 stood at $67.5 million, up from $57.6 million in the prior quarter.
  • The five-year high for Research & Development was $67.5 million in Q1 2026, with the low at $29.9 million in Q3 2024.
  • Historically, Research & Development has averaged $47.4 million across 3 years, with a median of $46.9 million in 2025.
  • The largest YoY upside for Research & Development was 63.32% in 2025 against a maximum downside of 15.75% in 2025.
  • Firefly Aerospace's Research & Development stood at $42.5 million in 2024, then surged by 35.58% to $57.6 million in 2025, then increased by 17.27% to $67.5 million in 2026.
  • The last three Research & Development figures came in at $67.5 million (Q1 2026), $57.6 million (Q4 2025), and $48.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 406,069.86
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 440.00 Mn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 627.00 Mn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn 903.00 Mn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn -
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 9.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn -
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn -
10 Firefly Aerospace 5.33 Bn 4.78 Bn 17.46 Mn 67.51 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 67.51 Mn
Dec 31, 2025 57.57 Mn
Sep 30, 2025 48.76 Mn
Jun 30, 2025 45.77 Mn
Mar 31, 2025 48.01 Mn
Dec 31, 2024 42.46 Mn
Sep 30, 2024 29.86 Mn
Jun 30, 2024 39.54 Mn