FLY · Firefly Aerospace Inc.
$23.32
+0.47 (+2.06%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$4.08B
Shares
167.40M
Volume · Oct 2
4.71M
Avg daily vol (3M)
3.15M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$23.32
Open$23.16
Day$22.42–24.04
52W close$16.78–58.81
Avg vol 30d2.9M
Short int11.1M · 6.6% float · 5.1d
Short vol42%
Last earningsAug 11, 2026
DataAug 2025–Oct 2026
Filing10-Q · Aug 11
Up next
Next earnings call
Oct 25, 2026
Est · unconfirmed
· in 3 wks
filed Aug 11, 2026
call held Aug 11, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$287.01M
Trailing 12 months
Net income (TTM)
−$363.46M
Trailing 12 months
Revenue growth YoY
+656.9%
Year over year
Operating margin
-118.0%
Trailing 12 months
P / E (TTM)
4.5
Trailing earnings · reciprocal yield 22.1%
FCF yield
-8.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+1,065.8%
Year over year · more shares
Price change (1Y)
-13.0%
Trailing year
Short interest
6.6%
Latest settlement · 5.1 days to cover
Equibles Research
our published analysis of this company-
Research ThesisRocket Lab's $2.2B backlog makes the bull case bigger than Neutron
Rocket Lab's record Q1 and $2.2B backlog show the bull case no longer rests on Neutron alone. The proposed Iridium merger could add a recurring-services engine, while financing, dilution and execution remain the price of that upside.
-
Research ThesisRocket Lab: Backlog is converting, but the $39B market cap is paying for a Neutron debut the company has yet to validate
Rocket Lab enters Q2 2026 with record backlog of $2,219.8M and guided revenue of $225.0M–$240.0M, yet the stock trades at -55.2% from its $150.23 high on a $39.0B market cap against $679.6M of trailing revenue — a gap the equity-funded growth model and the un-flown Neutron debut have to close.
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Neutral
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−16%
below
Price vs 50-day avg
+3%
above
RSI (14)
53
neutral
MACD trend
Positive
52-week position
16%
mid-range
Momentum
relative strength
1-month return
+11%
trailing
6-month return
−40%
trailing
YTD return
+4%
this year
Relative strength
−52%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $23 › 200d $28 — 200d above 50d
Institutional flow
Accumulating
1 of 275 funds reported for Sep 30 · net +325 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
6.63% of float · ▲ +2.6% MoM · 5.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
275 holders — near 1-yr high, broad support
Squeeze score
73
high risk · 0–100
Fundamentals
Revenue growth
+163%
Y/Y
Gross margin
19%
expanding
EPS growth
+77%
Y/Y
Free cash flow
$-237.8M
Balance sheet
$10.5M
net cash
Quant / Vol
risk profile
Volatility
108%
annualized · 1-yr
Max drawdown
−70%
past year
ATR
7.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 11, 2026
2026 full-year revenue
· 2026 Full-Year
Initiated
$420M – $450M
prior FY $159.86M
midpoint +172.1% Y/Y
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−16%
Bearish
Price vs 50-day avg
+3%
Bullish
RSI (14)
53
Neutral
MACD trend
Positive
Bullish
52-week position
16%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $23 › 200d $28 — 200d above 50d
Institutional flow
Accumulating
1 of 275 funds reported for Sep 30 · net +325 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
6.63% of float · ▲ +2.6% MoM · 5.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
275 holders — near 1-yr high, broad support
Price context
position in its 52-week range
Range low $17
Now $23 · 16%
Range high $59
vs 200-day avg -16%
vs 50-day avg +3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -125.92M | Six Months Ended June 30, 2026 | — |
| Free Cash Flow non-GAAP | -185.2M | Six Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash used in operating activities -81.57M
-24.74M Purchases of property and equipment and internal-use software
= Free Cash Flow -106.31M
|
|||
| Non-GAAP Research and Development non-GAAP | 124.64M | Six Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Research and development 71.53M
-8.7M Stock-based compensation expense
= Non-GAAP Research and Development 62.83M
|
|||
| Non-GAAP Selling, General, and Administrative non-GAAP | 63.39M | Six Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Selling, general, and administrative 47.54M
-5M Amortization of acquired intangibles
-8.33M Stock-based compensation expense
+0K One-time costs related to the IPO(1)
-2.72M Transaction-related expenses
= Non-GAAP Selling, General, and Administrative 31.49M
|
|||
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FLY
this stock
Firefly Aerospace Inc.
|
$4.08B | +4.2% | +163.0% | — | 6.6% |
|
SPCX
Space Exploration Technologies Corp
|
$1.96T | — | — | — | 1.2% |
|
GE
General Electric Co
|
$339.38B | +0.5% | +18.5% | 38.5 | 1.5% |
|
RTX
RTX Corp
|
$255.27B | +0.7% | +17.1% | 33.4 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$166.47B | -7.9% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FLY | -4.3% | +10.7% | -39.9% | +0.7% | +4.3% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -4.1% | +11.2% | -52.1% | -0.2% | -8.6% |