FLY
Firefly Aerospace Inc.
FLY
23.34USD
+2.26%
Sep 23, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads new trend, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryReset + recovery
The recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.
Key Financials
- Market Cap
- $3.9B
- Avg Volume (60D)
- 3.0M
- Revenue Growth YoY
- +163.0%
- Gross Margin
- +22.9%
- Operating Margin
- -118.0%
- Free Cash Flow Yield
- -4.7%
- Distance from 200DMA
- -15.8%
- Next Earnings
- 2026-11-11
- P/E
- N/M
- EV / Sales
- 11.9x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say expensive; own history is the dissenting view.
Firefly Aerospace Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.
Company Research
Thesis
Firefly is a direct space-transportation provider: its operational Alpha vehicle addresses responsive small-launch missions, while its developing Eclipse vehicle expands toward medium lift; Blue Ghost lunar delivery and Elytra spacecraft platforms extend its role from launch into mission delivery and in-space operations.
Opportunity
High opportunity
Defense and civil-space demand for assured, tactically responsive access to orbit and related space transportation services, including dedicated launch capacity and mission-flexible spacecraft transport.
Key risk
Dependence on government contracts and budget cycles.
Narrative & Theme
National Security Space Systems
Part of Responsive National-Security Launch and Space Transportation, with strong fit.
FLY has a strong, direct fit with the National Security Space Systems narrative through U.S. Government demand for resilient and rapidly callable launch capacity.
Narrative HeatNeutral6.4 / 10
Theme HeatHeating up7.4 / 10
This reading is no longer current (last measured 2026-07-27). It is kept until the next scheduled measurement replaces it.
Business & Markets
Industrials · Aerospace & Defense
What they do
Firefly Aerospace Inc. develops and provides space launch and spacecraft solutions, operating integrated launch and space services technology for national security, government, and commercial customers in the U.S.
How it earns
The company generates revenue primarily through project-based contracts for launch services and spacecraft delivery solutions.
Products & services
Alpha responsive launch vehicle
Eclipse medium-lift launch vehicle
Blue Ghost lunar delivery and operation service
Elytra spacecraft solutions platform
Customers & end markets
National security agencies
Government space programs
Commercial space customers
Market position
Niche player focused on responsive launch and lunar delivery services within the U.S. Aerospace and defense sector.
Demand drivers
High cyclicality
Dependent on government contracts and commercial space mission demand which can be irregular and project-based.