Firefly Aerospace Inc.
For the period ended Mar 31, 2026. Filed May 4, 2026.
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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.
Mar 31, 2026 · Filed May 4, 2026
FLY$23.70-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolid ated Statements of Cash Flows
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(96,676) | $(60,093) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 15,934 | 3,996 |
| Stock-based compensation | 12,512 | 431 |
| Change in fair value of warrant liability | 3,684 | 916 |
| Non-cash interest expense | 331 | 615 |
| Non-cash interest income | (637) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,329 | (13,900) |
| Advanced payments | 704 | 41,660 |
| Other assets | (4,703) | (2,766) |
| Accounts payable | 6,596 | (2,627) |
| Accrued expenses | 4,279 | 5,653 |
| Accounts payable and accrued expenses - related parties | 251 | 213 |
| Other liabilities | 1,522 | (7,889) |
| Right-of-use assets | 932 | 422 |
| Lease liabilities | 1,333 | (1,993) |
| Deferred revenue | (9,936) | (21,175) |
| Net cash used in operating activities | (62,545) | (56,537) |
| Cash flows from investing activities | ||
| Purchases of property and equipment and internal-use software | (16,345) | (2,654) |
| Purchases of time deposits | (125,000) | — |
| Proceeds from sale of short-term investments | 8 | — |
| Net cash used in investing activities | (141,337) | (2,654) |
| Cash flows from financing activities | ||
| Proceeds from issuance of Preferred Stock | — | 115,304 |
| Principal payments on finance leases | (262) | (443) |
| Proceeds from issuance of notes payable | — | 468 |
| Payments on notes payable | (1,752) | (2,170) |
| Proceeds from repayment of employee note | 20 | 359 |
| Repayment of Revolving Credit Facility | (260,000) | — |
| Proceeds from exercise of stock options | 452 | 389 |
| Payments for taxes related to net share settlement of equity awards | (1,363) | — |
| Net cash (used in) provided by financing activities | (262,905) | 113,907 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (466,787) | 54,716 |
| Cash and cash equivalents and restricted cash | ||
| Balance, beginning of period | 792,966 | 137,558 |
| Balance, end of period | $326,179 | $192,274 |
| Reconciliation of cash and cash equivalents and restricted cash | ||
| Cash and cash equivalents | $326,179 | $176,879 |
| Restricted cash, current | — | 829 |
| Restricted cash, non-current | — | 14,566 |
| Total cash and cash equivalents and restricted cash at the end of the period | $326,179 | $192,274 |
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $4,177 | $5,565 |
| Non-cash investing and financing activities | ||
| Property and equipment additions in accounts payable | $1,943 | $1,576 |
| Capitalized interest (paid-in-kind) | $— | $800 |
| Acquisition of internal-use software licenses and obligations | $431 | $— |
| Right-of-use asset acquired in exchange for operating lease liabilities | $5,066 | $— |
| Right-of-use asset acquired in exchange for finance lease liabilities | $— | $1,432 |
| Net working capital adjustment from business combinations | $3,321 | $— |
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