Firefly Aerospace Inc. (FLY) reported first-quarter 2026 results with revenue rising to $80.9 million, up 420.16% year-over-year and beating the revenue estimate of $77.8 million. Gross profit improved to $17.5 million, a 337.07% increase, while cost of sales totaled $63.4 million, up 448.88% year-over-year.
The company reported an operating loss of $95.7 million, which improved 76.02% year-over-year, and a net loss attributable to common shareholders of $96.7 million, a 20.45% year-over-year improvement. Diluted loss per share was -$0.61, compared with an EPS estimate of -$0.48.
On the balance sheet and cash flow front, cash and cash equivalents rose to $326.2 million, up 58.89% year-over-year, while total liabilities eased to $387.1 million, down 5.91% year-over-year. Operating activities used $62.5 million of cash (an improvement of 10.63% YoY), and capital spending increased to $16.3 million, a large jump of 515.86% YoY, reflecting heavier investments in property, plant and equipment.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Firefly Aerospace Inc. Insider Trading Activity
Firefly Aerospace Inc. insiders have traded $FLY stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $FLY stock by insiders over the last 6 months:
- DAVID LEIGH WHEELER (General Counsel) sold 3,766 shares for an estimated $169,607
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
Firefly Aerospace Inc. Hedge Fund Activity
We have seen 109 institutional investors add shares of Firefly Aerospace Inc. stock to their portfolio, and 64 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,407,595 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $31,487,900
- ILEX CAPITAL PARTNERS (UK) LLP removed 1,316,471 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $29,449,456
- UBS GROUP AG added 1,241,987 shares (+233.6%) to their portfolio in Q4 2025, for an estimated $27,783,249
- AE INDUSTRIAL PARTNERS, LP removed 1,056,789 shares (-2.9%) from their portfolio in Q4 2025, for an estimated $23,640,369
- PRICE T ROWE ASSOCIATES INC /MD/ removed 991,401 shares (-53.3%) from their portfolio in Q4 2025, for an estimated $22,177,640
- TEMASEK HOLDINGS (PRIVATE) LTD added 643,886 shares (+151.3%) to their portfolio in Q4 2025, for an estimated $14,403,729
- INVESCO LTD. added 518,877 shares (+inf%) to their portfolio in Q4 2025, for an estimated $11,607,278
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
Firefly Aerospace Inc. Analyst Ratings
Wall Street analysts have issued reports on $FLY in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 11/25/2025
- Deutsche Bank issued a "Buy" rating on 11/13/2025
- Roth Capital issued a "Buy" rating on 11/13/2025
To track analyst ratings and price targets for Firefly Aerospace Inc., check out Quiver Quantitative's $FLY forecast page.
Firefly Aerospace Inc. Price Targets
Multiple analysts have issued price targets for $FLY recently. We have seen 7 analysts offer price targets for $FLY in the last 6 months, with a median target of $32.0.
Here are some recent targets:
- Anthony Valentini from Goldman Sachs set a target price of $32.0 on 04/20/2026
- Suji Desilva from Roth Capital set a target price of $60.0 on 04/17/2026
- Sheila Kahyaoglu from Jefferies set a target price of $45.0 on 04/13/2026
- Colin Canfield from Cantor Fitzgerald set a target price of $35.0 on 03/26/2026
- Seth Seifman from JP Morgan set a target price of $28.0 on 11/25/2025
- Kristine Liwag from Morgan Stanley set a target price of $27.0 on 11/17/2025
- Edison Yu from Deutsche Bank set a target price of $30.0 on 11/13/2025
