Firefly Aerospace (FLY) Research & Development (2024 - 2026)
Firefly Aerospace's Research & Development came in at $71.53 million for Q2 2026, up 56.3% from $45.77 million a year earlier and up 6.0% from the prior quarter.
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Analysis
Firefly Aerospace (FLY) Research & Development (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Firefly Aerospace reported Research & Development of $245.37 million, up 47.7% year-over-year; for FY2025, it was $200.12 million, up 33.9% from FY2024.
- Going back by year, Research & Development was $149.5 million in FY2024 (+26.8%) and $117.87 million in FY2023.
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q2 2024.
- Year-over-year, Research & Development has increased for five consecutive quarters, with growth averaging 42.3% over the last five quarters.
- Business Quant data shows FLY's Research & Development at $67.51 million (Q1 2026), $57.57 million (Q4 2025) and $48.76 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,943.02 Bn | 1,704.73 Bn | 9.10 Bn | 4.60 Bn |
| 2 | General Electric | 349.37 Bn | 308.11 Bn | 5.02 Bn | 458.00 Mn |
| 3 | Rtx | 270.29 Bn | 240.28 Bn | 5.81 Bn | 711.00 Mn |
| 4 | Lockheed Martin | 139.31 Bn | 123.54 Bn | 2.44 Bn | - |
| 5 | Boeing | 137.40 Bn | 46.38 Bn | 2.17 Bn | 830.00 Mn |
| 6 | General Dynamics | 99.29 Bn | 84.52 Bn | 2.25 Bn | - |
| 7 | Motorola Solutions | 87.28 Bn | 83.77 Bn | 1.77 Bn | 276.00 Mn |
| 8 | Howmet Aerospace | 87.15 Bn | 82.91 Bn | 1.00 Bn | 11.00 Mn |
| 9 | Northrop Grumman | 77.96 Bn | 65.41 Bn | 2.35 Bn | - |
| 10 | Firefly Aerospace | 4.07 Bn | 1.46 Bn | 25.30 Mn | 75.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 75.99 Mn |
| 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 |
API Access
Firefly Aerospace Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=FLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "FLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=FLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();