Firefly Aerospace Inc.(FLY)Stock Analysis
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Rank #1,691 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
FLY Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Firefly Aerospace Inc. (FLY), a Industrials sector company. 13F Pro's AI-powered ranking engine scores FLY at 46.0/100 on a 32-signal composite quality model, placing it at rank #1,691 of 2,879 stocks — the bottom half of the AI-ranked universe. FLY scores in the top quartile across revenue growth (97.5), institutional flow (94.0). Areas of concern include profitability (30.0) and balance sheet strength (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 15.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Firefly Aerospace Inc. reports quarterly revenue of $80.9M, net income of $-96.7M, free cash flow of $-78.9M. Top institutional holders of FLY by reported 13-F value include AE INDUSTRIAL PARTNERS,, SUSQUEHANNA INTERNATIONAL GROUP, LLP, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. FLY trades on the Nasdaq exchange and files with the SEC under CIK 1860160. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FLY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Firefly Aerospace Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$80.9M
Net Income
Q1 2026
$-96.7M
Free Cash Flow
Q1 2026
$-78.9M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+189.4% YoYNet Income
-120.2% YoYOperating Income
-97.7% YoYEPS (Diluted)
+63.0% YoYTotal Assets
Total Debt
Op. Cash Flow
-119.3% YoY| Metric | FY 2025 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | $159.9M +189.4% | $55.2M | — |
| Net Income | $-298.3M -120.2% | $-135.5M | — |
| Operating Income | $-260.7M -97.7% | $-131.9M | — |
| EPS (Diluted) | $-4.83 +63.0% | $-13.05 | — |
| Total Assets | $1.82B | — | — |
| Total Debt | $7.1M | — | — |
| Operating Cash Flow | $-204.9M -119.3% | $-93.4M | — |
AI Insight: FLY Financial Trends
Firefly is scaling revenue sharply but burning cash and operating losses are widening despite debt reduction.
• Revenue nearly tripled from $31M (Q3 2025) to $81M (Q1 2026), showing accelerating commercial traction.
• Total debt collapsed from $136M (Q2 2025) to $7M (Q1 2026), eliminating leverage risk.
• Operating income deteriorated from −$62M (Q3 2025) to −$96M (Q1 2026) despite revenue growth.
• Operating cash flow remained deeply negative, ranging −$53M to −$67M; no improvement trend visible.
⚠ Operating margin worsened 34pp: −200% (Q3 2025) to −119% (Q1 2026). Losses outpacing revenue growth.
⚠ Cash burn of ~$60M per quarter with no path to profitability evident in current trajectory.
AI Insight: FLY Ratio Trends
Firefly Aerospace is deeply unprofitable across all measured periods, with operating and net margins deteriorating sharply from Q4 2025 to Q1 2026.
• Operating margin collapsed to -118.3% in Q1 2026 from -148.4% in Q4 2025, but remains substantially negative.
• Net profit margin worsened to -119.5% in Q1 2026 versus -71.2% in Q4 2025, indicating mounting losses relative to revenue.
• Return on assets deteriorated to -25.9% in Q1 2026 from -9.0% in Q4 2025, signaling accelerating asset base erosion.
⚠ Company has posted negative margins for at least two consecutive quarters with no sign of stabilization or path to profitability.
⚠ ROA decline of 16.9 percentage points in one quarter suggests rapid operational deterioration or significant one-time charges.
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Available Research
13F Pro tracks comprehensive data for Firefly Aerospace Inc. including:
Top Institutional Holders of FLY
AE INDUSTRIAL PARTNERS, LP
$1.0B35,227,754 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$70.9M2,491,900 shVANGUARD PORTFOLIO MANAGEMENT LLC
$69.1M2,427,201 shVANGUARD CAPITAL MANAGEMENT LLC
$66.4M2,333,889 shBlackRock, Inc.
$58.0M2,037,915 shCITADEL ADVISORS LLC
$48.3M1,696,300 shJANE STREET GROUP, LLC
$38.8M1,363,600 shCapital World Investors
$34.3M1,205,209 shUBS Group AG
$30.4M1,068,835 shMASTERS CAPITAL MANAGEMENT LLC
$28.5M1,000,000 sh
| Fund | Value | Shares |
|---|---|---|
| AE INDUSTRIAL PARTNERS, LP | $1.0B | 35,227,754 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $70.9M | 2,491,900 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $69.1M | 2,427,201 |
| VANGUARD CAPITAL MANAGEMENT LLC | $66.4M | 2,333,889 |
| BlackRock, Inc. | $58.0M | 2,037,915 |
| CITADEL ADVISORS LLC | $48.3M | 1,696,300 |
| JANE STREET GROUP, LLC | $38.8M | 1,363,600 |
| Capital World Investors | $34.3M | 1,205,209 |
| UBS Group AG | $30.4M | 1,068,835 |
| MASTERS CAPITAL MANAGEMENT LLC | $28.5M | 1,000,000 |
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Popular Research
Is FLY a good stock to buy?
13F Pro's AI-powered analysis of Firefly Aerospace Inc. (FLY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FLY are available on the FLY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FLY?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FLY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Firefly Aerospace Inc.'s investment landscape.