Firefly Aerospace (FLY) Q3 FY2026 earnings: revenue $111 million, up 259.6% on the year
Firefly Aerospace Inc. (FLY) reported revenue of $111 million for Q3 FY2026, the quarter ended 30 September 2026, up 259.6% on the same quarter a year earlier. Net income was -$94 million, and diluted earnings per share $-0.56. The figures are the company's own, from the 10-Q it filed with the SEC on 10 November 2026.
Revenue
$111 million
+259.6% on the year · -5.9% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
-91.8%
-202.1% a year earlier
Q3 FY2024Q3 FY2026
Net income
-$94 million
Q3 FY2024Q3 FY2026
Diluted EPS
-$0.56
Q3 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Revenue
111
118
30.8
-5.9%
+259.6%
Cost of revenue
85.4
93.8
22.3
-9.0%
+283.1%
Gross profit
25.3
23.9
8.5
+6.0%
+198.0%
Gross margin
22.9%
20.3%
27.6%
Research and development
76.0
71.5
48.8
+6.2%
+55.8%
Selling, general and administrative
50.9
47.5
21.9
+7.0%
+132.1%
Operating income
-102
-95.2
-62.2
Operating margin
-91.8%
-80.9%
-202.1%
Interest expense
1.6
1.8
4.0
-8.8%
-58.6%
Pre-tax income
-94.2
-92.4
-133
Income tax
0.0
-0.0
0.0
Net income
-94.2
-92.3
-133
Net margin
-85.1%
-78.4%
-433.5%
Diluted EPS
-$0.56
-$0.57
-$1.50
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-69.7
-81.6
-53.0
Capital expenditure
15.6
24.7
8.9
-37.1%
+74.4%
Free cash flow
-85.3
-106
-62.0
Free cash flow margin
-77.0%
-90.3%
-201.3%
Cash from investing
34.4
21.6
-8.9
+59.8%
Cash from financing
-15.3
194
836
Depreciation and amortisation
13.3
13.9
4.6
-4.3%
+189.1%
Share-based compensation
15.3
17.0
4.0
-10.2%
+282.3%
Diluted shares, weighted
168m
162m
94m
+4.1%
+79.4%
Shares outstanding at period end
172m
166m
148m
+3.3%
+15.9%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,144
1,223
949
-6.5%
+20.5%
Debt
25.1
27.0
30.2
-7.0%
-16.9%
Operating lease liabilities
40.8
20.8
10.6
+95.9%
+286.4%
Finance lease liabilities
0.9
1.5
2.3
-41.5%
-62.3%
Other liabilities
372
367
264
+1.3%
+40.6%
Total liabilities and equity
1,582
1,639
1,256
-3.5%
+25.9%
Fixed assets
197
186
143
+6.1%
+38.5%
Goodwill
464
467
17.1
-0.7%
+2,611.7%
Intangible assets
148
152
n/a
-3.0%
Investments
125
175
n/a
-28.5%
Cash and equivalents
409
460
995
-11.0%
-58.9%
Receivables
56.4
58.1
5.1
-2.9%
+1,000.3%
Other assets
182
141
96.3
+29.6%
+89.2%
Total assets
1,582
1,639
1,256
-3.5%
+25.9%
Questions
What was Firefly Aerospace's revenue in Q3 FY2026?
Firefly Aerospace (FLY) reported revenue of $111 million for Q3 FY2026, the quarter ended 30 September 2026, up 259.6% on the same quarter a year earlier.
How much did Firefly Aerospace earn in Q3 FY2026?
Net loss for Q3 FY2026 was $94 million, and the diluted loss per share $0.56.
When did Firefly Aerospace report Q3 FY2026 results?
Firefly Aerospace filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 10 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 10 November 2026: the filing.