Firefly Aerospace Balance Sheet Health
Financial Health criteria checks 5/6
Firefly Aerospace has a total shareholder equity of $1.1B and total debt of $26.8M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are $1.5B and $387.1M respectively.
Key information
2.43%
Debt to equity ratio
US$26.80m
Debt
| Interest coverage ratio | n/a |
| Cash | US$551.63m |
| Equity | US$1.10b |
| Total liabilities | US$387.11m |
| Total assets | US$1.49b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLY's short term assets ($673.5M) exceed its short term liabilities ($266.2M).
Long Term Liabilities: FLY's short term assets ($673.5M) exceed its long term liabilities ($120.9M).
Debt to Equity History and Analysis
Debt Level: FLY has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FLY's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FLY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FLY has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 17.2% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/24 13:51 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 11 analysts. 8 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 |
|---|---|
| Michael Crawford | B. Riley Securities, Inc. |
| Colin Canfield | Cantor Fitzgerald & Co. |
| Xin Yu | Deutsche Bank |