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

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

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

Firefly Aerospace's Research & Development history runs 3 years deep, the most recent figure standing at $67.5 million for Q1 2026.

  • Quarterly Research & Development rose 40.61% year-over-year to $67.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $219.6 million (up 37.37% YoY) and the FY2025 annual result came in at $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.
  • Across five years, Research & Development topped out at $67.5 million in Q1 2026 and bottomed at $29.9 million in Q3 2024.
  • A 3-year average of $47.4 million and a median of $46.9 million in 2025 frame the typical range for Research & Development.
  • Peak annual rise in Research & Development reached 63.32% in 2025, while the deepest fall reached 15.75% in 2025.
  • Firefly Aerospace's Research & Development stood at $42.5 million in 2024, then jumped by 35.58% to $57.6 million in 2025, then gained by 17.27% to $67.5 million in 2026.
  • Business Quant data shows FLY's Research & Development at $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 General Electric 372.79 Bn 363.45 Bn -3.10 Bn 460.00 Mn
2 Rtx 287.75 Bn 279.45 Bn 9.91 Bn 726.00 Mn
3 Boeing 168.20 Bn 148.18 Bn 2.41 Bn 921.00 Mn
4 Lockheed Martin 132.24 Bn 128.45 Bn 2.45 Bn -
5 Howmet Aerospace 112.64 Bn 110.21 Bn 854.00 Mn 9.00 Mn
6 General Dynamics 102.41 Bn 98.08 Bn 6.76 Bn -
7 Northrop Grumman 75.82 Bn 73.52 Bn 3.72 Bn -
8 TransDigm 72.64 Bn 68.76 Bn 1.51 Bn -
9 L3Harris Technologies 50.81 Bn 50.22 Bn 1.40 Bn -
10 Firefly Aerospace 3.15 Bn 2.60 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