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Firefly Aerospace (FLY) R&D spending by quarter

Firefly Aerospace's R&D spending was $71.5M in Q2 2026 (second quarter 2026), +6% from Q1 2026. Over the last 5 quarters it ranged from $45.8M (Q2 2025) to $71.5M (Q2 2026).

Firefly Aerospace R&D spending by quarterFirefly Aerospace R&D spending by quarter$45.8MQ2 2025$48.8MQ3 2025$57.6MQ4 2025$67.5MQ1 2026$71.5MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$71.5M+6%+56%
Q1 2026$67.5M+17%—
Q4 2025$57.6M+18%—
Q3 2025$48.8M+7%—
Q2 2025$45.8M——

Q2 2026 at a glance

Firefly Aerospace, Q2 2026: revenue $118M (+657% year over year), operating margin -80.9%, net loss $92.3M, operating cash flow −$81.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Firefly Aerospace's R&D spending?

Firefly Aerospace's R&D spending was $71.5M in Q2 2026 (second quarter 2026), +6% from Q1 2026.

How has Firefly Aerospace's R&D spending changed?

Over the last 5 quarters it ranged from $45.8M (Q2 2025) to $71.5M (Q2 2026).

Q2 2026 results → · How Firefly Aerospace makes money →