Firefly Aerospace (FLY) Research & Development (2024 - 2026)
Firefly Aerospace (FLY) posted Research & Development of $67.5 million for Q1 2026, up 17.27% quarter-over-quarter from $57.6 million in Q4 2025, and up 40.61% year-on-year from $48.0 million in Q1 2025.
Firefly Aerospace (FLY) Research & Development (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has reported Research & Development for 3 consecutive years, with $67.5 million the latest figure, recorded in Q1 2026.
- Research & Development for Q1 2026 came in at $67.5 million, up 40.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $219.6 million (up 37.37% YoY), and the FY2025 annual result was $200.1 million, up 33.86% from the prior year.
- Research & Development was $67.5 million for Q1 2026 at Firefly Aerospace, up from $57.6 million in the prior quarter.
- Over five years, Research & Development peaked at $67.5 million in Q1 2026 and troughed at $29.9 million in Q3 2024.
- Average Research & Development over 3 years is $47.4 million, with a median of $46.9 million recorded in 2025.
- The widest YoY moves for Research & Development: up 63.32% in 2025, down 15.75% in 2025.
- Over 3 years, Research & Development stood at $42.5 million in 2024, then surged by 35.58% to $57.6 million in 2025, then advanced by 17.27% to $67.5 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $67.5 million in Q1 2026, $57.6 million in Q4 2025, and $48.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 903.00 Mn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 627.00 Mn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 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 | 9.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | - |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | - |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 80.51 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | - |
| 10 | Firefly Aerospace | 4.53 Bn | 3.98 Bn | 17.46 Mn | 67.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |