Firefly Aerospace (FLY) Research & Development (2024 - 2026)
Firefly Aerospace's (FLY) quarterly Research & Development came in at $67.5 million in Q1 2026, up 40.61% YoY from $48.0 million in Q1 2025, and up 17.27% on a QoQ basis from $57.6 million in Q4 2025.
Firefly Aerospace (FLY) Research & Development (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has 3 years of Research & Development data on file, last reported at $67.5 million in 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 advanced to $67.5 million in Q1 2026, from $57.6 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $67.5 million in Q1 2026 to a low of $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.
- The widest YoY moves for Research & Development: up 63.32% in 2025, down 15.75% in 2025.
- Tracing FLY's Research & Development over 3 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 460.00 Mn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 8.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | - |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | - |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | - |
| 10 | Firefly Aerospace | 3.82 Bn | 3.01 Bn | 23.88 Mn | 71.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 71.53 Mn |
| 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 |