Firefly Aerospace (89C) Stock Overview

Operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers. More details

89C fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 52.3% below our estimate of its fair value

Earnings are forecast to grow 62.52% per year

Revenue grew by 163% over the past year

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

89C Community Fair Values

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Firefly Aerospace Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Firefly Aerospace
Historical stock prices
Current Share Price	US$20.90
52 Week High	US$29.70
52 Week Low	US$14.32
Beta	0
1 Month Change	16.11%
3 Month Change	-10.22%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	45.06%

Recent updates

Shareholder Returns

	89C	DE Aerospace & Defense	DE Market
7D	4.0%	-5.4%	-3.8%
1Y	n/a	13.7%	-5.1%

Return vs Industry: Insufficient data to determine how 89C performed against the German Aerospace & Defense industry.

Return vs Market: Insufficient data to determine how 89C performed against the German Market.

Price Volatility

Is 89C's price volatile compared to industry and market?
89C volatility
89C Average Weekly Movement	15.2%
Aerospace & Defense Industry Average Movement	7.4%
Market Average Movement	6.0%
10% most volatile stocks in DE Market	14.3%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: 89C's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine 89C's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2017	780	Jason Kim	www.fireflyspace.com

Firefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers. The company offers integrated launch and space services technology that is committed to enabling launch, transit, and operations in space. It also provides Alpha, a responsive launch service; Eclipse, a medium-lift launch vehicle; Blue Ghost, a lunar delivery and operation service; Elytra, which offers space maneuverability and servicing; and Ocula, a lunar imaging service.

Firefly Aerospace Inc. Fundamentals Summary

How do Firefly Aerospace's earnings and revenue compare to its market cap?
89C fundamental statistics
Market cap	€3.20b
Earnings (TTM)	-€288.91m
Revenue (TTM)	€138.29m

23.1x

P/S Ratio

-11.1x

P/E Ratio

Is 89C overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
89C income statement (TTM)
Revenue	US$159.86m
Cost of Revenue	US$129.19m
Gross Profit	US$30.67m
Other Expenses	US$364.63m
Earnings	-US$333.96m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-2.10
Gross Margin	19.18%
Net Profit Margin	-208.92%
Debt/Equity Ratio	24.2%

How did 89C perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/22 11:17
End of Day Share Price	2026/03/20 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Firefly Aerospace Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Colin Canfield	Cantor Fitzgerald & Co.
Xin Yu	Deutsche Bank
Xin Yu	Deutsche Bank

Firefly Aerospace Inc.DB:89C Stock Report