Firefly Aerospace Inc. (FLY) FY2026 YTD Q2 Statement of Cash Flows
2026-01-01 to 2026-06-30
Statement of Cash Flows
2026-01-01 to 2026-06-30
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Chart details
Firefly Aerospace Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026
Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
- 792,966,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 144,110,000 US dollars. Net cash used.
- Net loss
- negative 188,995,000 US dollars
- Depreciation and amortization
- 29,888,000 US dollars
- Stock-based compensation
- 29,539,000 US dollars
- Change in fair value of warrant liability
- 4,309,000 US dollars
- Gain on settlement of contingent liabilities
- negative 1,307,000 US dollars
- Non-cash interest expense
- 821,000 US dollars
- Non-cash interest income
- negative 2,361,000 US dollars
- Accounts receivable
- negative 11,838,000 US dollars
- Advanced payments
- negative 8,373,000 US dollars
- Other assets
- negative 3,145,000 US dollars
- Contract assets
- negative 16,440,000 US dollars
- Accounts payable
- 20,849,000 US dollars
- Accounts payable and accrued expenses - related parties
- 1,116,000 US dollars
- Accrued expenses
- 9,610,000 US dollars
- Other liabilities
- negative 11,344,000 US dollars
- Right-of-use assets
- 1,846,000 US dollars
- Lease liabilities
- 876,000 US dollars
- Deferred revenue
- 839,000 US dollars
- Investing activities
- negative 119,780,000 US dollars. Net cash used.
- Purchases of property and equipment and internal-use software
- negative 41,089,000 US dollars
- Purchases of short-term investments
- negative 125,000,000 US dollars
- Payments for acquisitions of businesses, net of acquired cash
- negative 3,699,000 US dollars
- Proceeds from sale of short-term investments
- 50,008,000 US dollars
- Financing activities
- negative 69,259,000 US dollars. Net cash used.
- Proceeds from issuance of common stock
- 184,111,000 US dollars
- Payments of offering costs
- negative 1,502,000 US dollars
- Proceeds from issuance of Preferred Stock
- 0 US dollars
- Repayment of Revolving Credit Facility
- negative 260,000,000 US dollars
- Payments of debt issuance costs
- negative 1,188,000 US dollars
- Principal payments on finance leases
- negative 532,000 US dollars
- Proceeds from issuance of notes payable
- 1,730,000 US dollars
- Payments on Notes Payable
- negative 3,945,000 US dollars
- Proceeds from repayment of employee note
- 25,000 US dollars
- Proceeds from exercise of stock options, net of shares withheld for taxes
- 12,042,000 US dollars
- Operating adjustment reconciliation
- 243,803,000 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 gross reconciliation
- 267,167,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 169,788,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- 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
- 792,966,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 333,149,000 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 144,110,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 41,089,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 185,199,000 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 −$189.00M + net operating adjustments $44.89M = operating cash −$144.11M. 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 144,110,000 US dollars minus 41,089,000 US dollars equals negative 185,199,000 US dollars.
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