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Firy Inc. (FIRY) stock

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NYSE: FIRY NYSE Application Software Next results ~November 12, 2026

C+ Fundamentals grade

Firy Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: free cash flow after stock pay is not positive.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Firy Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds31 adding, 27 cuttingOf 14 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Firy files

Where Firy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $117m, up 31.3% on a year earlier, faster than the 24.8% growth a quarter earlier. Free-cash-flow margin rose to -52.3% from -71.3% a year earlier. Operating margin widened to -53.4% from -85.7%. The diluted share count is down 6.1% on a year earlier, which lifts each remaining share. It passes 3 of our 7 financial-health checks.

Our model value for Firy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 19, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Firy Inc.'s trailing-twelve-month revenue grew 31.3% year on year, with a free-cash-flow margin of -52.3%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 98 application software companies we cover. Where it lags: free-cash-flow margin of -52.3% ranks 151 of 180 application software companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 31.3% (+6.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 31.3% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Growth speeding up. The growth rate is 6.6 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 32.3 points on a year ago.
  • Shrinking share count. Diluted shares fell 6.1% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -53.4%: costs exceed revenue.
  • Burning cash. Free cash flow was -52.3% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 16.5% of revenue, against a median of 9.3% for application software companies we cover: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 263% and a beta of 1.4 against the S&P 500.
  • Heavily shorted. 17.6% of the shares available to trade are sold short (7.7 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 19, 2026
Earnings per share
-$1.52 against an average estimate of -$0.99: missed by 53.5%
Revenue
$31m, up 22.9% on a year earlier
Share reaction
-4.8% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 12, 2026

Firy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.6%
  • 1 week+13.4%
  • 1 month+4.3%
  • This year+201.6%
  • 1 year+94.6%
  • 5 years-94.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$117M
Operating margin
-53.4%
Net margin
-60.2%
EPS (TTM, diluted)
$-4.53

Growth

Revenue growth
+31.3%
Change in growth rate
+6.6 pts
Share count change
−6.1%

Cash

Free cash flow (TTM)
-$61.5M
FCF margin
-52.3%
Stock pay % of revenue
16.5%

Earnings

Last results
August 13, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Deal
  4. Leadership
  5. Announcement
  6. Results
  7. Announcement
  8. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Firy Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Firy Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.36 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$1.4 Left out: out of range vs price (0.11x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.4 ~$11–$44 Left out: out of range vs price (0.03x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Firy Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$400.00$148.80$10.12$6.24$5.03$4.31$13.00
Market value$5.9bn$2.9bn$207m$130m$90m$67m$203m
+ Net debt (− = net cash)−$263m$59m−$73m−$172m−$142m−$65m−$34m
Enterprise value$5.6bn$2.9bn$134m−$42m−$52m$2m$169m
Multiples
Price / sales 25.7x7.6x0.8x0.9x1.0x0.6x1.7x
Price / earnings ———————
Price / free cash flow ———————
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

21 /100

Weak moat

How hard Firy's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -21.3% of total assets over 5 years.

  • Pricing power 19 / 20

    Gross margin has been a median 88.7%, moving by 2.9 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -72.7%; its worst year was -147.7%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 6 years, at a median -49.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$2.97 +34% $113m +9%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.3% on 90 days ago. In the last 30 days, 1 analyst raised Firy Inc.'s forecast and 1 cut it.

Consensus EPS forecast Firy Inc., last 90 days
−$3.00 −$2.00 −$1.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$2.82 Current fiscal year, 60 days ago: −$2.82 Current fiscal year, 30 days ago: −$2.82 Current fiscal year, 7 days ago: −$2.82 Current fiscal year, Now: −$2.97 −$2.97

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago −$2.82
60 days ago −$2.82
30 days ago −$2.82
7 days ago −$2.82
Now −$2.97

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.99 −$1.52 −53.5%
Mar 2026 −$0.58 −$0.69 −19.0%
Dec 2025 −$1.03 −$1.16 −12.6%
Sept 2025 −$1.28 −$1.14 +10.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 13, 2026

No numeric guidance in Firy Inc.'s latest earnings release (filed August 13, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
17.6%
of tradable shares
Days to cover
7.74
at average volume
Short interest, 1 month
−19%
to October 15, 2026
Held by institutions
43%
of shares
Held by insiders
49.8%
of shares
Employees
370
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +94.6%

$6.68 on October 31, 2025 to $13.00

ThenNowEffect
Revenue (last 12 months) $89m $117m +31.3%
P/S multiple 1.2x 1.7x +39.1%
Share count 17m 16m +6.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +116.7%

$6.00 on November 3, 2023 to $13.00

ThenNowEffect
Revenue (last 12 months) $191m $117m −38.4%
P/S multiple 0.7x 1.7x +164.5%
Share count 21m 16m +32.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FIRY−63%−93%−38%−19%−14%+202%
Industry peers (median)−7%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FIRY33%17%50%33%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FIRY−84%−94%−78%−41%−53%−54%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 27, 2020: 100% from February 5, 2021 to March 30, 2026. Getting back needed a 38251% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.28 – $13.42
From 52-week high
−3.1%
vs 50-day average
+15.3%
vs 200-day average
+71.8%
Volatility (1 year)
263%
Beta vs S&P 500
1.45

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±10.3%
After a week
7 up, 5 down
typical move ±13.4%
After a month
7 up, 5 down
typical move ±34.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −4.8% +0.5% +2.6% +3.2%
May 15, 2026 +1.4% −1.3% +32.0% +27.3%
March 31, 2026 +14.9% +3.7% +10.1% +253.5%
August 7, 2025 +7.8% +0.7% +28.8% +6.7%
May 8, 2025 +7.7% +0.6% +24.1% +19.9%
March 13, 2025 −18.6% +0.7% −14.3% −23.0%
November 7, 2024 −9.0% +1.2% −8.3% −3.6%
August 1, 2024 −5.4% −3.3% −4.8% −8.5%
May 9, 2024 −13.5% +0.7% +1.4% +9.7%
March 14, 2024 −11.7% −0.9% −13.8% −18.0%
November 8, 2023 −14.9% −0.7% +5.0% +10.8%
August 2, 2023 −14.4% −1.7% −15.3% −28.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Firy Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Firy Inc.
$80M $100M $120M $140M $160M $180M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $167.8M Revenue (TTM), FY23 Q4: $152.1M Revenue (TTM), FY24 Q1: $132.9M Revenue (TTM), FY24 Q2: $118.1M Revenue (TTM), FY24 Q3: $106.2M Revenue (TTM), FY24 Q4: $92.9M Revenue (TTM), FY25 Q1: $89.5M Revenue (TTM), FY25 Q2: $89.4M Revenue (TTM), FY25 Q3: $92.3M Revenue (TTM), FY25 Q4: $104.5M Revenue (TTM), FY26 Q1: $111.7M Revenue (TTM), FY26 Q2: $117.5M $117.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $167.8M
FY23 Q4 $152.1M
FY24 Q1 $132.9M
FY24 Q2 $118.1M
FY24 Q3 $106.2M
FY24 Q4 $92.9M
FY25 Q1 $89.5M
FY25 Q2 $89.4M
FY25 Q3 $92.3M
FY25 Q4 $104.5M
FY26 Q1 $111.7M
FY26 Q2 $117.5M
Revenue growth, TTM YoY Firy Inc.
-50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -49.3% Revenue growth, TTM YoY, FY23 Q4: -43.6% Revenue growth, TTM YoY, FY24 Q1: -40.2% Revenue growth, TTM YoY, FY24 Q2: -38.1% Revenue growth, TTM YoY, FY24 Q3: -36.7% Revenue growth, TTM YoY, FY24 Q4: -38.9% Revenue growth, TTM YoY, FY25 Q1: -32.7% Revenue growth, TTM YoY, FY25 Q2: -24.2% Revenue growth, TTM YoY, FY25 Q3: -13.1% Revenue growth, TTM YoY, FY25 Q4: 12.5% Revenue growth, TTM YoY, FY26 Q1: 24.8% Revenue growth, TTM YoY, FY26 Q2: 31.3% 31.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -49.3%
FY23 Q4 -43.6%
FY24 Q1 -40.2%
FY24 Q2 -38.1%
FY24 Q3 -36.7%
FY24 Q4 -38.9%
FY25 Q1 -32.7%
FY25 Q2 -24.2%
FY25 Q3 -13.1%
FY25 Q4 12.5%
FY26 Q1 24.8%
FY26 Q2 31.3%
Operating margin (TTM) Firy Inc.
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -138.8% Operating margin (TTM), FY23 Q4: -75.2% Operating margin (TTM), FY24 Q1: -82.1% Operating margin (TTM), FY24 Q2: -45.1% Operating margin (TTM), FY24 Q3: -40.3% Operating margin (TTM), FY24 Q4: -50.1% Operating margin (TTM), FY25 Q1: -39.2% Operating margin (TTM), FY25 Q2: -85.7% Operating margin (TTM), FY25 Q3: -78.0% Operating margin (TTM), FY25 Q4: -61.2% Operating margin (TTM), FY26 Q1: -51.2% Operating margin (TTM), FY26 Q2: -53.4% -53.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -138.8%
FY23 Q4 -75.2%
FY24 Q1 -82.1%
FY24 Q2 -45.1%
FY24 Q3 -40.3%
FY24 Q4 -50.1%
FY25 Q1 -39.2%
FY25 Q2 -85.7%
FY25 Q3 -78.0%
FY25 Q4 -61.2%
FY26 Q1 -51.2%
FY26 Q2 -53.4%
FCF margin (TTM) Firy Inc.
-100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -50.2% FCF margin (TTM), FY23 Q4: -55.9% FCF margin (TTM), FY24 Q1: -47.8% FCF margin (TTM), FY24 Q2: -8.3% FCF margin (TTM), FY24 Q3: -2.2% FCF margin (TTM), FY24 Q4: -8.3% FCF margin (TTM), FY25 Q1: -16.7% FCF margin (TTM), FY25 Q2: -71.3% FCF margin (TTM), FY25 Q3: -83.7% FCF margin (TTM), FY25 Q4: -67.3% FCF margin (TTM), FY26 Q1: -58.5% FCF margin (TTM), FY26 Q2: -52.3% -52.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -50.2%
FY23 Q4 -55.9%
FY24 Q1 -47.8%
FY24 Q2 -8.3%
FY24 Q3 -2.2%
FY24 Q4 -8.3%
FY25 Q1 -16.7%
FY25 Q2 -71.3%
FY25 Q3 -83.7%
FY25 Q4 -67.3%
FY26 Q1 -58.5%
FY26 Q2 -52.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 51 120 229 380 270 152 93 104 117
Gross profit 49 114 217 355 239 137 79 91 103
EBITDA −25 −24 −102 −282 −403 −112 −45 −63 −60
Operating income −26 −25 −103 −294 −421 −114 −47 −64 −63
Net income −28 −24 −149 −188 −439 −101 −47 −70 −71
Diluted EPS −$2.40 −$1.80 −$0.51 −$0.71 −$21.41 −$4.85 −$2.62 −$4.51 −$4.53
Growth (year on year)
Revenue — +136.1% +91.1% +66.0% −29.1% −43.6% −38.9% +12.5% +31.3%
Margins
Gross margin 95.8% 95.2% 94.6% 93.4% 88.6% 89.9% 85.6% 87.5% 87.8%
EBITDA margin −49.5% −20.1% −44.3% −74.2% −149.6% −73.9% −48.3% −59.8% −51.1%
Operating margin −50.3% −20.7% −45.1% −77.3% −156.2% −75.2% −50.1% −61.2% −53.4%
Net margin −54.7% −19.7% −65.1% −49.4% −162.7% −66.6% −50.4% −67.4% −60.2%
Free-cash-flow margin −35.1% −21.0% −26.0% −48.2% −67.3% −55.9% −8.3% −67.3% −52.3%
Cash flow
Cash from operations −17 −22 −56 −180 −180 −72 −7 −69 −62
Capital spending 1 3 3 3 2 13 1 1 −0
Free cash flow −18 −25 −59 −183 −181 −85 −8 −70 −61
Stock-based pay 7 1 24 60 108 44 30 20 19
Free cash flow after stock pay −24 −26 −83 −244 −290 −129 −38 −90 −81
Balance sheet
Cash 23 26 263 241 363 302 272 195 164
Total debt 0 10 0 300 290 130 130 130 130
Net debt (negative = net cash) −23 −16 −263 59 −73 −172 −142 −65 −34
Diluted shares 12m 13m 15m 19m 20m 21m 18m 16m 16m
Returned to shareholders
Buybacks 0 0 1 0 0 13 19 9 2
Total returned 0 0 1 0 0 13 19 9 2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · June 30, 2026
What it owns · $272m
Short-term assets $189mLonger-term assets $83m
What it owes, and who funded it · $272m
Short-term liabilities $184mLonger-term liabilities $3mShareholders' equity $84m
  • Short-term assets cover short-term liabilities $189m of assets due within a year against $184m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $189m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt $164m of cash against $129m of debt.
  • Debt below 40% of shareholders' equity Debt is 152% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 46% to 152% over five years.
  • A year's operating cash flow covers at least 20% of debt −$62m of operating cash flow against $129m of debt.
  • Operating profit covers interest at least five times over Operating income of −$63m against $15m of interest.

From Firy Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$1.5M
Returned to shareholders
-3%
of free cash flow
Buybacks, last 3 fiscal years
$41.6M
Diluted share count
−6.1%
year over year
Total shareholder yield
0.7%
dividends 0.0% + buybacks 0.7% of market value
R&D spending
19.5%
of revenue
Days sales outstanding
58 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated FIRY PAAI EXFY RDVT SSTI API Median
Revenue, last 12 months $117m $101m $138m $99m $98m $141m $482m
Revenue growth, last 12 months 31.3% −31.4% −4.3% 20.2% −5.7% 5.9% 12.0%
Revenue growth, 3-year average −14.9% −17.8% −5.8% 19.9% 5.9% — 11.1%
Revenue growth, latest quarter 22.9% −50.7% −5.3% 22.7% −7.7% — 11.9%
Gross margin 87.8% 42.7% 48.7% — 50.1% 66.4% 69.2%
Operating margin −53.4% 18.9% −8.0% 17.9% −16.4% −6.7% 1.1%
Operating margin, 3-year average −61.4% 13.0% −10.6% 12.9% −8.3% — −0.8%
Net margin −60.2% 9.3% −11.3% 16.5% −16.9% 6.8% 2.1%
Cash from operations / revenue −52.6% 27.2% 9.1% 34.4% 3.5% 19.3% 18.2%
Free-cash-flow margin −52.3% 23.7% 9.1% 33.9% −1.1% 18.1% 15.0%
Free-cash-flow margin, 3-year average −44.0% 3.5% 10.8% 31.7% 6.1% — 16.2%
Stock pay / revenue 16.5% 0.3% 18.0% 7.4% 9.3% 3.9% 9.3%
Change in share count −6.1% 43.1% 3.6% 0.1% 1.7% 6.0% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 31.3% 12.0% 26 of 184
Change in growth rate Growth +6.6pp +0.2pp 31 of 184
Gross margin Profitability 87.8% 69.8% 8 of 160
Operating margin Profitability -53.4% 1.1% 145 of 181
Net margin Profitability -60.2% 2.1% 150 of 185
Free-cash-flow margin Cash generation -52.3% 15.2% 151 of 180
Stock pay as % of revenue Cash generation 16.5% 9.3% 137 of 177
Long-term debt as % of assets Balance sheet 0.0% 16.9% 1 of 98
Change in share count Balance sheet -6.1% 1.7% 7 of 163
Days sales outstanding Balance sheet 58 days 57 days 87 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Skillz $78.2M 74.5% ▼ 5.2%
RZR $26.8M 25.5% ▲ 146.3%
Products and services
Line of business Revenue Share YoY
Entry Fee $76.9M 73.3% ▼ 4.4%
Advertising $26.8M 25.5% ▲ 146.3%
Maintenance Fee Revenue $1.3M 1.2% ▼ 37.5%
Geography
Region Revenue Share YoY
United States $80.1M 76.3% ▲ 0.5%
Outside the US $6.4M 6.1% ▲ 65.8%
CY $4.2M 4.0% ▲ 328.0%
MT $4M 3.8% ▲ 61.3%
Israel $3.6M 3.4% ▲ 25.7%
China $2.7M 2.6% ▲ 24.1%
South Korea $1.8M 1.7% —
Singapore $1.4M 1.4% —
Hong Kong $708,000 0.7% ▼ 44.1%

From Firy Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$30.7M
Institutions reporting
72
Shares held vs prior quarter
▲ 47.3%
Positions opened / closed
11 / 17

Top buyers and sellers, Q2 2026: 31 institutions bought and 27 sold ; the biggest buyer was Blackrock, Inc (+488K shares) and the biggest seller Jacobs Levy Equity Management, Inc (−132K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $8.5M 836K 27.7% ▲ 140.3%
Vanguard Capital Management LLC $4.7M 463K 15.4% ▲ 180.7%
Renaissance Technologies LLC $4.1M 401K 13.3% ▲ 0.3%
Coastal Bridge Advisors, LLC $2.5M 247K 8.2% 0.0%
Geode Capital Management, LLC $1.2M 117K 3.9% ▲ 3.6%
UBS Group AG $1.1M 111K 3.7% ▲ 666.9%
Morgan Stanley $1.1M 110K 3.6% ▲ 284.9%
Jane Street Group, LLC $957,653 94K 3.1% ▲ 276.8%
Meteora Capital, LLC $927,398 91K 3.0% New
Vanguard Fiduciary Trust Co $614,780 60K 2.0% ▲ 0.7%
State Street Corp $595,143 58K 1.9% 0.0%
Squarepoint Ops LLC $579,527 57K 1.9% ▼ 10.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Firy Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 15, 2026
  • March 31, 2026
  • August 7, 2025
  • May 8, 2025
  • March 13, 2025

Recent SEC filings

Data status

When each part of this page on Firy Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Firy Inc. in brief

What does Firy Inc. do?
Firy Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Firy Inc.'s stock ticker?
Firy Inc. trades under the ticker FIRY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Firy Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Firy Inc. reported revenue of $117M, 31.3% higher than a year earlier, according to its SEC filings.
What is Firy Inc.'s free cash flow?
Firy Inc.'s free-cash-flow margin is -52.3% of revenue over the trailing twelve months, ranking 151 of the 180 application software companies we cover.
Who are Firy Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Renaissance Technologies LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Firy Inc. buying back stock, and does it pay a dividend?
Firy Inc. spent $1.5M on share repurchases over the trailing twelve months, and its diluted share count fell 6.1% over the year.
What is Firy Inc.'s market cap?
On November 2, 2026, Firy Inc.'s market capitalisation was about $203M and net debt of -$34.3M. Market figures come from third-party market data and may be delayed.
How much debt does Firy Inc. have?
Firy Inc.'s debt-to-equity ratio is 152.3%, from its latest balance sheet (45.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Firy Inc.'s competitors?
In our Application Software peer group, the companies closest to Firy Inc. are Paradium.ai, Inc., Expensify, Inc., Red Violet, Inc., Soundthinking, Inc. and Agora, Inc. The side-by-side comparison below sets their revenue, margins and growth against Firy Inc.'s.
When is Firy Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Firy Inc. announces its own schedule.