Firefly Aerospace - Public Comps and Valuation Multiples

Firefly Aerospace Overview

About Firefly Aerospace

Firefly Aerospace Inc is a space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. The company enables government and commercial customers to launch, land and operate in space - Anywhere, Anytime.

Founded

2017

HQ

Employees

780

Website

fireflyspace.com

Sectors

Aircraft & Space Systems

Financials

LTM Revenue $154M

LTM EBITDA -$211M

EV

$4.4B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Firefly Aerospace Financials

As of December 2025, Firefly Aerospace reported last 12-month revenue of $154M and EBITDA of -$211M.

In the same period, Firefly Aerospace generated $18.7M in LTM gross profit and -$319M in net income.

See Firefly Aerospace valuation multiples based on analyst estimates

Firefly Aerospace P&L

In the most recent fiscal year, Firefly Aerospace reported revenue of $60.8M and EBITDA of -$198M.

Firefly Aerospace expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Firefly Aerospace valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$154M	XXX	$60.8M	XXX	XXX	XXX
Gross Profit	$18.7M	XXX	-$11.4M	XXX	XXX	XXX
Gross Margin	12%	XXX	-19%	XXX	XXX	XXX
EBITDA	-$211M	XXX	-$198M	XXX	XXX	XXX
EBITDA Margin	-137%	XXX	-326%	XXX	XXX	XXX
EBIT	-$242M	XXX	-$208M	XXX	XXX	XXX
EBIT Margin	-157%	XXX	-342%	XXX	XXX	XXX
Net Profit	-$319M	XXX	-$231M	XXX	XXX	XXX
Net Margin	-207%	XXX	-380%	XXX	XXX	XXX
Net Debt	XXX	XXX	$24.5M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Firefly Aerospace including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $154M. EBITDA for the last twelve months was -$211M. In the most recent fiscal year, Firefly Aerospace achieved $60.8M in revenue and -$198M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$154M	Analyst estimates available to subscribers	$60.8M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$18.7M	Analyst estimates available to subscribers	-$11.4M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	12.1% gross margin	Analyst estimates available to subscribers	-18.7% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	-$211M	Analyst estimates available to subscribers	-$198M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	-136.7% EBITDA margin	Analyst estimates available to subscribers	-326.1% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$242M	Analyst estimates available to subscribers	-$208M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-156.6% EBIT margin	Analyst estimates available to subscribers	-341.7% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$319M	Analyst estimates available to subscribers	-$231M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-206.7% net profit margin	Analyst estimates available to subscribers	-380.2% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$24.5M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Firefly Aerospace

This financial data table provides comprehensive performance metrics for Firefly Aerospace, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Firefly Aerospace generated $154M in revenue over the last twelve months.
The company achieved -$211M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $18.7M.
Net income over the last twelve months reached -$319M.

Fiscal Year Performance

In the most recent fiscal year, Firefly Aerospace reported $60.8M in total revenue.
Fiscal year EBITDA was -$198M.
The company maintained a gross profit margin of -18.7% in the most recent fiscal year.
EBITDA margin for the fiscal year was -326.1%.
Net profit margin reached -380.2% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Firefly Aerospace. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Firefly Aerospace Stock Performance

Firefly Aerospace has current market cap of $5.3B, and EV of $4.4B.

Market Cap Evolution

Firefly Aerospace Stock Data

As of January 19, 2026, Firefly Aerospace's stock price is $33.

See Firefly Aerospace trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$4.4B	$5.3B	XXX	XXX	XXX	XXX	$-3.49

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Firefly Aerospace Valuation Multiples

Firefly Aerospace's trades at 28.3x EV/Revenue multiple, and -20.7x EV/EBITDA.

See valuation multiples for Firefly Aerospace and 15K+ public comps

Firefly Aerospace Financial Valuation Multiples

As of January 19, 2026, Firefly Aerospace has market cap of $5.3B and EV of $4.4B.

Equity research analysts estimate Firefly Aerospace's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Firefly Aerospace has a P/E ratio of -16.7x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$5.3B	XXX	$5.3B	XXX	XXX	XXX
EV (current)	$4.4B	XXX	$4.4B	XXX	XXX	XXX
EV/Revenue	28.3x	XXX	28.3x	XXX	XXX	XXX
EV/EBITDA	-20.7x	XXX	-20.7x	XXX	XXX	XXX
EV/EBIT	-18.1x	XXX	-18.1x	XXX	XXX	XXX
EV/Gross Profit	233.8x	XXX	n/a	XXX	XXX	XXX
P/E	-16.7x	XXX	-16.7x	XXX	XXX	XXX
EV/FCF	-18.7x	XXX	-18.7x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Firefly Aerospace Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Firefly Aerospace Margins & Growth Rates

Firefly Aerospace's last 12 month revenue growth is 190%

Firefly Aerospace's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.3M for the same period.

Firefly Aerospace's rule of 40 is -40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Firefly Aerospace's rule of X is 337% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Firefly Aerospace and other 15K+ public comps

Firefly Aerospace Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	190%	XXX	129%	XXX	XXX	XXX
EBITDA Margin	-137%	XXX	-137%	XXX	XXX	XXX
EBITDA Growth	-40%	XXX	n/a	XXX	XXX	XXX
Rule of 40	-40%	XXX	53%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	337%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	246%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	323%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial