Firefly Aerospace Inc. filed its quarterly report on Form 10-Q with the SEC on November 10, 2026, covering the fiscal quarter ended September 30, 2026, and reporting condensed consolidated financial data including a notable shift in cash and short-term investments from year-end 2025 levels.

Key Highlights

  • Cash position: Cash and cash equivalents stood at $409,285 thousand as of September 30, 2026, compared with $792,966 thousand as of December 31, 2025, according to the filing.
  • Short-term investments: Short-term investments totaled $125,447 thousand at September 30, 2026, up from $100,008 thousand at December 31, 2025.
  • Accounts receivable: Accounts receivable, net, were $56,412 thousand at September 30, 2026, versus $46,129 thousand at December 31, 2025.
  • Advanced payments: Advanced payments, current, rose sharply to $79,664 thousand from $12,350 thousand at year-end 2025.
  • Contract assets: Contract assets increased to $25,417 thousand from $3,499 thousand at December 31, 2025.
  • Shares outstanding: As of November 4, 2026, the registrant had 171,755,841 shares of common stock, $0.0001 par value, outstanding.
  • Emerging growth company: The registrant is classified as an emerging growth company and a non-accelerated filer, as indicated in the filing.

Firefly Aerospace's September 2026 Balance Sheet: Key Financial Positions

Firefly Aerospace Inc. (NASDAQ:FLY), a Delaware corporation headquartered at 2203 Scottsdale Drive, Leander, TX 78641, filed its Form 10-Q for the quarterly period ended September 30, 2026. The filing presents condensed consolidated financial statements on an unaudited basis. Total current assets as of September 30, 2026, were reported at $715,384 thousand, compared with $963,175 thousand at December 31, 2025, reflecting the changes in component line items described below.

According to the filing, cash and cash equivalents declined to $409,285 thousand from $792,966 thousand at the prior year-end. Partially offsetting this, the company reported short-term investments of $125,447 thousand, up from $100,008 thousand. Advanced payments, current, expanded substantially to $79,664 thousand from $12,350 thousand, and contract assets grew to $25,417 thousand from $3,499 thousand. Other current assets were $19,159 thousand at September 30, 2026, compared with $8,223 thousand at December 31, 2025. The filing attributes no specific single explanation for these movements within the excerpted text.

The filing notes that the company's quarterly report contains forward-looking statements that "are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified," and the company states it "undertakes no obligation to update any forward-looking statements after the date of this Quarterly Report." Risk factors cited by the company include potential launch failures, dependence on U.S. government contracts, uncertain global macroeconomic and political conditions including "the implementation of tariffs and the Iran conflict," and the ability to realize backlog and integration benefits from its acquisition of SciTec, Inc.

What Was Disclosed

Firefly Aerospace filed its unaudited 10-Q for the quarter ended September 30, 2026, disclosing condensed consolidated balance sheet data showing a decrease in cash, increases in advanced payments and contract assets, and 171,755,841 shares outstanding as of November 4, 2026.