Firefly Aerospace Inc. (FLY) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Firefly Aerospace Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Remaining financing cash flows, net (calculated) → financing reconciliation: $182,784,000.00Proceeds from exercise of stock options, net of shares withheld for taxes → financing reconciliation: $11,590,000.00Proceeds from issuance of notes payable → financing reconciliation: $1,730,000.00Proceeds from repayment of employee note → financing reconciliation: $5,000.00financing reconciliation → Net cash from financing activities: $193,646,000.00financing reconciliation → Payments on Notes Payable: $2,193,000.00financing reconciliation → Principal payments on finance leases: $270,000.00Proceeds from sale of short-term investments → investing reconciliation: $50,000,000.00investing reconciliation → Net cash from investing activities: $21,557,000.00investing reconciliation → Purchases of property and equipment and internal-use software: $24,744,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $3,699,000.00Net cash used in operating activities → operating reconciliation: $81,565,000.00Stock-based compensation → operating reconciliation: $17,027,000.00Accounts payable → operating reconciliation: $14,253,000.00Depreciation and amortization → operating reconciliation: $13,954,000.00Deferred revenue → operating reconciliation: $10,775,000.00Accrued expenses → operating reconciliation: $5,331,000.00Other assets → operating reconciliation: $1,558,000.00Right-of-use assets → operating reconciliation: $914,000.00Accounts payable and accrued expenses - related parties → operating reconciliation: $865,000.00Change in fair value of warrant liability → operating reconciliation: $625,000.00Non-cash interest expense → operating reconciliation: $490,000.00operating reconciliation → Net loss: $92,319,000.00operating reconciliation → Contract assets: $16,440,000.00operating reconciliation → Accounts receivable: $13,167,000.00operating reconciliation → Other liabilities: $12,866,000.00operating reconciliation → Advanced payments: $9,077,000.00operating reconciliation → Non-cash interest income: $1,724,000.00operating reconciliation → Gain on settlement of contingent liabilities: $1,307,000.00operating reconciliation → Lease liabilities: $457,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $326,179,000.00Net cash from financing activities → Cash sources and uses: $193,646,000.00Net cash from investing activities → Cash sources and uses: $21,557,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $459,817,000.00Cash sources and uses → Net cash used in operating activities: $81,565,000.00Net loss: -$92,319,000.00Net loss−$92.32 MDepreciation and amortization: $13,954,000.00Depreciation & amortization+$13.95 MStock-based compensation: $17,027,000.00Stock-based compensation+$17.03 MChange in fair value of warrant liability: $625,000.00Warrant fair value+$625.00 KGain on settlement of contingent liabilities: -$1,307,000.00Litigation gain & loss−$1.31 MNon-cash interest expense: $490,000.00Non-cash interest expense+$490.00 KNon-cash interest income: -$1,724,000.00Non-cash interest income−$1.72 MAccounts receivable: -$13,167,000.00Accounts receivable−$13.17 MAdvanced payments: -$9,077,000.00Advanced payments−$9.08 MOther assets: $1,558,000.00Other operating assets+$1.56 MContract assets: -$16,440,000.00Contract assets−$16.44 MAccounts payable: $14,253,000.00Accounts payable+$14.25 MAccounts payable and accrued expenses - related parties: $865,000.00Related-party payables & accruals+$865.00 KAccrued expenses: $5,331,000.00Accrued liabilities+$5.33 MOther liabilities: -$12,866,000.00Other operating liabilities−$12.87 MRight-of-use assets: $914,000.00Right-of-use assets+$914.00 KLease liabilities: -$457,000.00Operating lease liabilities−$457.00 KDeferred revenue: $10,775,000.00Unearned revenue+$10.78 MNet cash used in operating activities: -$81,565,000.00. Cash required to fund net payments.Operating cash−$81.57 Moperating reconciliation: $147,357,000.00Proceeds from issuance of Preferred Stock: $0.00Repayment of Revolving Credit Facility: -$0.00Principal payments on finance leases: -$270,000.00Finance lease payments−$270.00 KProceeds from issuance of notes payable: $1,730,000.00Notes payable issued+$1.73 MPayments on Notes Payable: -$2,193,000.00Payments on Notes Payable−$2.19 MProceeds from repayment of employee note: $5,000.00Employee note repaid+$5.00 KProceeds from exercise of stock options, net of shares withheld for taxes: $11,590,000.00Stock option exercises+$11.59 MRemaining financing cash flows, net (calculated): $182,784,000.00Remaining financing (calculated)+$182.78 MNet cash from financing activities: $193,646,000.00Financing cash+$193.65 Mfinancing reconciliation: $196,109,000.00Purchases of property and equipment and internal-use software: -$24,744,000.00PP&E purchases−$24.74 MProceeds from sale of short-term investments: $50,000,000.00Short-term investment sales+$50.00 MRemaining investing cash flows, net (calculated): -$3,699,000.00Remaining investing (calculated)−$3.70 MNet cash from investing activities: $21,557,000.00Investing cash+$21.56 Minvesting reconciliation: $50,000,000.00Cash sources and uses: $541,382,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $326,179,000.00Beginning cash$326.18 MEnding cash: Cash, cash equivalents, and restricted cash: $459,817,000.00Ending cash$459.82 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$92.32M + net operating adjustments $10.75M = operating cash −$81.57MFree cash flow−$106.31 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$133.64 MEnding cash − beginning cash
Chart details

Firefly Aerospace Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
326,179,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 81,565,000 US dollars. Net cash used.
Net loss
negative 92,319,000 US dollars
Depreciation and amortization
13,954,000 US dollars
Stock-based compensation
17,027,000 US dollars
Change in fair value of warrant liability
625,000 US dollars
Gain on settlement of contingent liabilities
negative 1,307,000 US dollars
Non-cash interest expense
490,000 US dollars
Non-cash interest income
negative 1,724,000 US dollars
Accounts receivable
negative 13,167,000 US dollars
Advanced payments
negative 9,077,000 US dollars
Other assets
1,558,000 US dollars
Contract assets
negative 16,440,000 US dollars
Accounts payable
14,253,000 US dollars
Accounts payable and accrued expenses - related parties
865,000 US dollars
Accrued expenses
5,331,000 US dollars
Other liabilities
negative 12,866,000 US dollars
Right-of-use assets
914,000 US dollars
Lease liabilities
negative 457,000 US dollars
Deferred revenue
10,775,000 US dollars
Investing activities
21,557,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Purchases of time deposits), so Payments for acquisitions of businesses, net of acquired cash and Purchases of short-term investments cannot be separated for this quarter. It may combine inflows and outflows.
Purchases of property and equipment and internal-use software
negative 24,744,000 US dollars
Proceeds from sale of short-term investments
50,000,000 US dollars
Remaining investing cash flows, net (calculated)
negative 3,699,000 US dollars
Financing activities
193,646,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Payments for taxes related to net share settlement of equity awards), so Payments of offering costs, Payments of debt issuance costs and Proceeds from issuance of common stock cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from issuance of Preferred Stock
0 US dollars
Repayment of Revolving Credit Facility
0 US dollars
Principal payments on finance leases
negative 270,000 US dollars
Proceeds from issuance of notes payable
1,730,000 US dollars
Payments on Notes Payable
negative 2,193,000 US dollars
Proceeds from repayment of employee note
5,000 US dollars
Proceeds from exercise of stock options, net of shares withheld for taxes
11,590,000 US dollars
Remaining financing cash flows, net (calculated)
182,784,000 US dollars
Operating adjustment reconciliation
147,357,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing displayed reconciliation
196,109,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing displayed reconciliation
50,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
459,817,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
541,382,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
133,638,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 81,565,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
24,744,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 106,309,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$92.32M + net operating adjustments $10.75M = operating cash −$81.57M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 81,565,000 US dollars minus 24,744,000 US dollars equals negative 106,309,000 US dollars.
Firefly Aerospace Inc. (FLY) FY2026 Q2 Statement of Cash Flows Sankey chart
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