Firefly Aerospace Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
FLY$20.76+36.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements (Unaudited)
Item 1. Financial Statements
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $995,162 | $123,431 |
| Restricted cash, current | 829 | 424 |
| Accounts receivable, net | 5,127 | 1,004 |
| Advanced payments, current | 14,259 | 52,404 |
| Other current assets | 7,425 | 3,454 |
| Total current assets | 1,022,802 | 180,717 |
| Advanced payments, less current portion | 45,365 | 41,770 |
| Property and equipment, net | 142,555 | 135,575 |
| Restricted cash, less current portion | — | 13,703 |
| Right-of-use assets - operating leases | 9,944 | 14,604 |
| Right-of-use assets - finance leases | 4,143 | 3,708 |
| Goodwill | 17,097 | 17,097 |
| Other noncurrent assets | 14,286 | 158 |
| Total assets | $1,256,192 | $407,332 |
| Liabilities, temporary equity, and stockholders' equity (deficit) | ||
| Current liabilities | ||
| Accounts payable | $30,428 | $37,633 |
| Accounts payable - related parties | 790 | 86 |
| Accrued expenses | 20,171 | 14,419 |
| Operating lease liability, current | 395 | 1,128 |
| Finance lease liability, current | 1,047 | 856 |
| Deferred revenue, current | 95,202 | 108,069 |
| Notes payable, current | 6,985 | 6,349 |
| Other current liabilities | 9,913 | 10,837 |
| Total current liabilities | 164,931 | 179,377 |
| Operating lease liability, less current portion | 10,553 | 16,466 |
| Finance lease liability, less current portion | 2,266 | 1,996 |
| Deferred revenue, less current portion | 74,516 | 45,904 |
| Notes payable, less current portion | 23,228 | 124,079 |
| Notes payable, less current portion - related parties | — | 17,524 |
| Warrant liability | 5,267 | 4,070 |
| Other liabilities, less current portion | 26,610 | 25,956 |
| Total liabilities | $307,371 | $415,372 |
| Commitments and contingencies (See Note 10) | ||
| Temporary equity | ||
| Redeemable convertible preferred stock, $0.0001 par value; 100,000 and 51,033 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 0 and 41,588 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively; $0 and $1,227,158 liquidation preference as of September 30, 2025 and December 31, 2024, respectively | — | 759,582 |
| Stockholders' equity (deficit) | ||
| Common stock, $0.0001 par value, 1,000,000 and 154,397 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 148,138 and 13,241 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 16 | 1 |
| Additional paid-in capital | 1,928,027 | — |
| Accumulated deficit | (979,222) | (767,623) |
| Total stockholders' equity (deficit) | 948,821 | (767,622) |
| Total liabilities, temporary equity, and stockholders' equity (deficit) | $1,256,192 | $407,332 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.