Firefly Aerospace Inc. income statement

In fiscal 2025, Firefly Aerospace Inc. reported revenue of $160m, up 163.0% on the year before, operating income of −$261m (a -163.1% margin) and net income of −$298m, or −$4.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Firefly Aerospace Inc.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	55	61	160	287
Cost of revenue	29	72	129	221
Gross profit	27	−11	31	66
Research and development	118	149	200	245
Selling, general and administrative	41	47	91	159
Operating income	−132	−209	−261	−339
Interest expense	9	25	16	8
Income before tax	−135	−231	−335	−401
Income tax	0	0	−37	−37
Net income	−135	−231	−298	−363
Diluted EPS	−$13.05	−$20.74	−$4.83	—
Diluted shares (average)	12m	13m	69m	—
EBITDA	−127	−197	−238	−303

US$ millions unless shown otherwise. Fiscal quarters.

Firefly Aerospace Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	22	9	56	16	31	58	81	118
Cost of revenue	15	29	54	12	22	42	63	94
Gross profit	8	−20	2	4	8	16	17	24
Research and development	30	42	48	46	49	58	68	72
Selling, general and administrative	10	15	13	13	22	44	46	48
Operating income	−34	−77	−59	−54	−62	−86	−96	−95
Interest expense	6	6	6	7	3	0	4	2
Income before tax	−41	−84	−60	−64	−133	−78	−97	−92
Income tax	0	0	0	0	0	−37	0	−0
Net income	−41	−84	−60	−64	−133	−41	−97	−92
Diluted EPS	−$3.57	−$7.94	−$5.38	−$5.78	−$1.50	$2.42	−$0.61	−$0.57
EBITDA	−31	−71	−55	−50	−58	−76	−80	−89

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Firefly Aerospace Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Firefly Aerospace Inc.