Company / R&D Expense
Firefly Aerospace Inc. R&D Expense History
FY2023-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$200.1M
FY2025
5-year range
$117.9M / $200.1M
FY2023-FY2025
Trend
+33.9%
vs FY2024
Sector context
#46 of 174
Industrials
What the data says
At $200M, Firefly Aerospace Inc.'s r&d expense ranks #46 of 174 in the Industrials sector. Improved from $118M to $200M over the past 2 years.
Based on SEC 10-K filings.
$200M in FY2025.
Improved from $118M to $200M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#46 of 174 in IndustrialsTop 26% of 174This company $200.1M Sector average $273.7M
▼
-26.9% below sector average
Key checks
Key Insights
- In FY2025, r&d expense increased 33.9% year-over-year.
- Ranks #46 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.25 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $200.1M | +33.9% |
| FY2024 | $149.5M | +26.8% |
| FY2023 | $117.9M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026