Firefly Aerospace Inc. (FLY) - Stock Analysis

Last updated: Sep 6, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Following a record Q4 2025 revenue/earnings beat (announced 2026‑03‑19) and a successful Alpha return‑to‑flight with a Lockheed payload on 2026‑03‑12, FLY has rallied ~35% over 21 trading days and sits ~24% above its 21‑day SMA; new national‑security contracts and sector defense tailwinds create strong near-term momentum, albeit with high execution and cash‑burn risk.

Loading chart data...

Idea window: 3/26/2026 – 4/2/2026Sector: Industrials

AI Analyst Overview

Last Price
$21.67
Market Cap
$3.56B
1D Return
+2.90%
YTD Return
-3.13%

Loading chart data...

Valuation Metrics

P/E
-9.1
P/B
2.9
P/S
12.4
EV/EBITDA
-10.0
Div Yield

Fundamental Analysis

4.0

Key Financial Insights: • Margin Improvement • Cash Burn • Debt Reduction FLY shows improving margins and significant deleveraging, but persistent losses, negative cash flow, declining liquidity, and a premium valuation warrant caution.

Deleveraging
ProfitabilityRisk

Price Behavior

3.0

Key Price Behavior Insights: • Last-month decline • Oversold rebound • Key resistance Support Level: $20.70–$21.10 Resistance Level: $22.20–$22.30 FLY remains in a last-month downtrend but is oversold and bouncing off $20.70–$21.10; watch $22.20–$22.30 resistance for recovery confirmation, while a break below support signals further downside.

OversoldBounce
Downtrend

Sentiment & News

6.0

Key News Insights: • Revenue Surge • Record Backlog • Cash Burn Firefly's surging revenue, record backlog, and expanded government/commercial contracts strengthen its growth outlook, but cash burn, execution risks, and rich valuation keep FLY high risk.

SpaceGrowth
HighRisk
AI

AI Summary

5.0
Neutral

Firefly's $1.5B backlog and Lockheed launch agreement validate its evolution into a diversified space-and-defense platform, but the investment hinges on converting that demand into reliable, positive-margin cash flow before >$100M quarterly free-cash-flow burn drives dilution; investors should wait for sustained launch cadence and cash-burn improvement rather than buy solely on oversold technicals.

BacklogGrowth
CashBurn
Execution
AI summary updated today

Description

Firefly Aerospace is a space and defense technology firm that supplies launch and on-orbit mission solutions to national security, government, and commercial customers. Its services span small- and medium-class launch vehicles, lunar delivery and imaging capabilities, and in-space maneuvering and servicing platforms; the company was founded in 2017 and is based in Cedar Park, Texas.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Mar 26Apr 2FLYFirefly Aerospace Inc.
Following a record Q4 2025 revenue/earnings beat (announced 2026‑03‑19) and a successful Alpha return‑to‑flight with a Lockheed payload on 2026‑03‑12, FLY has rallied ~35% over 21 trading days and sits ~24% above its 21‑day SMA; new national‑security contracts and sector defense tailwinds create strong near-term momentum, albeit with high execution and cash‑burn risk.
Closed+22.8%
Research content for educational purposes only. Not investment advice. All decisions are your responsibility.