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
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