Firefly Aerospace Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 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.
Sep 30, 2026 · Filed Nov 10, 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 Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(283,193) | $(257,283) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 43,181 | 13,539 |
| Stock-based compensation | 44,831 | 5,191 |
| Change in fair value of warrant liability | 269 | 47,257 |
| Loss on extinguishment of debt | — | 30,400 |
| Gain on settlement of contingent liabilities | (1,307) | — |
| Non-cash interest expense | 1,249 | 4,595 |
| Non-cash interest income | (2,444) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (10,135) | (4,123) |
| Advanced payments | (20,556) | 34,550 |
| Contract assets | (21,918) | — |
| Other assets | (4,974) | (996) |
| Accounts payable | 25,471 | (5,300) |
| Accrued expenses | 1,849 | (5,035) |
| Accounts payable and accrued expenses – related parties | 475 | 704 |
| Other liabilities | 818 | (11,812) |
| Right-of-use assets | 4,333 | 1,549 |
| Lease liabilities | (235) | (6,646) |
| Deferred revenue | 8,476 | 15,745 |
| Net cash used in operating activities | (213,810) | (137,665) |
| Cash flows from investing activities | ||
| Purchases of property and equipment and internal-use software | (56,648) | (20,757) |
| Purchases of short-term investments | (125,000) | — |
| Payments for acquisitions of businesses, net of acquired cash | (3,699) | — |
| Proceeds from sale of short-term investments | 100,008 | — |
| Net cash used in investing activities | (85,339) | (20,757) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock | 184,111 | 943,736 |
| Payments of offering costs | (2,557) | (4,208) |
| Proceeds from issuance of Preferred Stock | — | 235,506 |
| Principal payments on finance leases | (796) | (1,166) |
| Payments of notes payable | (5,863) | (131,457) |
| Payment of IPO Closing Preferred Stock Dividend | — | (4,990) |
| Repayment of notes payable – related parties | — | (21,117) |
| Payments of debt issuance costs | (1,359) | (2,083) |
| Proceeds from repayment of employee note | 43 | 396 |
| Proceeds from issuance of notes payable | 1,730 | — |
| Repayment of Revolving Credit Facility | (260,000) | — |
| Proceeds from exercise of stock options, net of shares withheld for taxes | 159 | 2,238 |
| Net cash (used in) provided by financing activities | (84,532) | 1,016,855 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (383,681) | 858,433 |
| Cash and cash equivalents and restricted cash | ||
| Balance, beginning of period | 792,966 | 137,558 |
| Balance, end of period | $409,285 | $995,991 |
| Reconciliation of cash and cash equivalents and restricted cash | ||
| Cash and cash equivalents | $409,285 | $995,162 |
| Restricted cash | — | 829 |
| Total cash and cash equivalents and restricted cash at the end of the period | $409,285 | $995,991 |
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $6,969 | $14,443 |
| Non-cash investing and financing activities | ||
| Increase in accounts payable for property and equipment | $2,577 | $1,905 |
| Property and equipment acquired through loans | $642 | $— |
| Capitalized interest (paid-in-kind) | $— | $683 |
| Equity issued for business combinations | $10,144 | $— |
| Issuance of debt in exchange for software licenses and obligations | $— | $664 |
| Acquisition of internal-use software licenses and obligations | $4,297 | $10,633 |
| Right-of-use asset acquired in exchange for operating lease liabilities | $9,923 | $— |
| Right-of-use asset acquired in exchange for finance lease liabilities | $— | $1,625 |
| Net exercise of Common Warrants into common stock | $— | $46,060 |
| Unpaid deferred offering costs associated with IPO | $— | $7,195 |
| Preferred Stock issuance costs not yet paid | $— | $3,510 |
| Issuance of common stock to settle Preferred Stock Dividend | $— | $86,124 |
| Conversion of Preferred Stock to common stock upon IPO | $— | $937,087 |
| Non-cash purchase consideration for acquisitions of businesses | $5,438 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.