Firefly Aerospace Inc. (FLY) - Stock Analysis

Last updated: Sep 21, 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.

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

AI Analyst Overview

Last Price
$24.36
Market Cap
$3.79B
1D Return
+5.50%
YTD Return
+8.90%

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Valuation Metrics

P/E
-9.7
P/B
3.0
P/S
13.2
EV/EBITDA
-10.7
Div Yield
—

Fundamental Analysis

4.0

Key Financial Insights: • Lower Debt • Ongoing Losses • Cash Burn FLY's liquidity and leverage improved materially, but persistent losses, cash burn, and an expensive valuation warrant caution.

Liquidity
Profitability

Price Behavior

4.0

Key Price Behavior Insights: • Lower highs • Support test • Rebound failure Support Level: $20.28–$20.49 Resistance Level: $21.72–$22.26 FLY remains bearish after falling to $20.97 last month; hold $20.28–$20.49 support for a rebound, but a break lower targets $19.27–$19.69 unless $21.72–$22.26 resistance is reclaimed.

Bearish
SupportTest

Sentiment & News

6.0

Key News Insights: • Contract Momentum • Strong Backlog • Cash Flow Risk Firefly Aerospace is expanding its launch and lunar-contract pipeline amid strong demand, but negative cash flow and high valuation keep it a higher-risk investment.

SpaceGrowth
InvestmentRisk
AI

AI Summary

5.0
Neutral

FLY is a high-risk platform bet on launch, lunar, and defense services where strong backlog and 2026 revenue growth matter only if management converts them into reliable launch cadence, improving margins, and sharply lower cash burn before another dilutive capital raise; investors should await proof through guidance delivery and free-cash-flow improvement.

GrowthOpportunity
FundingRisk
Execution
AI summary updated 4 days ago

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.