SATCOM INTELSatellite & space-infrastructure intelligence, read through SESBrief 2026-08-29 · 15:14 UTC

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FLY

Firefly Aerospace Inc.

Integrated primeNASDAQ:FLY

$3.6Bmarket cap
$21.26▼ 4.06%
3layers occupied

VALUE-CHAIN POSITION

L1Components / subsystems
L2Spacecraft manufacturingcaptive + merchant
L3Launch / in-space transportmerchant
L4Constellation ownership / operations
L5Services, data & applicationsmerchant
GGround segment / terminals

Where this company sits on the value chain, and whether each layer is captive (done for itself) or merchant (sold to others). Dashed = entering. The migration these positions track: end-to-end convergence.

QUARTERLY FINANCIALS

Revenue and operating margin, last 7 quarters

$0M$34M$68M$102M$135M2024Q2: $21M revenue · -232.1% op margin2024Q22024Q3: $22M revenue · -152.9% op margin2025Q1: $56M revenue · -104.8% op margin2025Q12025Q2: $16M revenue · -349.5% op margin2025Q3: $31M revenue · -202.1% op margin2025Q32026Q1: $81M revenue · -118.3% op margin2026Q2: $118M revenue · -80.9% op margin2026Q22024Q2: -232.1% operating margin2024Q3: -152.9% operating margin2025Q1: -104.8% operating margin2025Q2: -349.5% operating margin2025Q3: -202.1% operating margin2026Q1: -118.3% operating margin2026Q2: -80.9% operating margin-350%0%30%
Revenue (left)Operating margin (right)+459% over the window

Structured from SEC XBRL company facts. Quarterly durations only; a Q4 reported only in the 10-K is omitted rather than shown as a partial year. data/companies/firefly/financials.jsonl

RECENT FILINGS

141 filings total · data/companies/firefly/filings.jsonl

TRANSCRIPT SHELF

  • Earnings2026-08-11