FLYFirefly Aerospace Inc.
Guided Missiles & Space Vehicles & Parts
- Revenue
- $160M
- 163% YoY
- Operating margin
- -163.1%
- 53% YoY
- EBITDA
- −$238M
- 21% YoY
- Market cap
- $3.0B
- Employees
- 470
- $340K revenue each
- Net debt / EBITDA
- —
- −$324M net debt
- AI in 10-K
- 1.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCYes11% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo28% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$340K · 41st pctBottom quartile of its SIC industry
- Quiet on AINo1.1 per 10K words · 37th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$384M netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $55M | $61M | $160M | 163% |
| Operating income | −$132M | −$209M | −$261M | 24% |
| Net income | −$135M | −$231M | −$298M | 29% |
| Operating cash flow | −$93M | −$158M | −$205M | 30% |
| Capex | $77M | $33M | $33M | 0.4% |
| Stock-based comp | $2M | $2M | $18M | 869% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $384M · 4
- Net
- −$384M
Pay vs performance
No pay-versus-performance disclosure yet.