Firefly Aerospace Inc 2025年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period endedJune 30,2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ___________ to ___________ Commission File Number:001-42789 Firefly Aerospace Inc.(Exact name of registrant as specified in its charter) 81-5194980(I.R.S. EmployerIdentification Number)78613(Zip Code) Delaware(State or other jurisdiction ofincorporation or organization)1320 Arrow Point Drive #109Cedar Park,TX(Address of principal executive offices) 512893-5570 (Registrant’s telephone number, including area code)N/A(Former name, former address and former fiscal year, if changed since last report) The Nasdaq Stock Market LLC(Nasdaq Global Market) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated filer☐Non-Accelerated filer☒Emerging growth company☒ Accelerated filer☐Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of September 19, 2025, the registrant had146,539,263shares of common stock, $0.0001 par value, outstanding. FIREFLY AEROSPACE INC.QUARTERLY REPORT ON FORM 10-QTable of Contents PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)4Condensed Consolidated Balance Sheets (Unaudited)4Condensed Consolidated Statements of Net Loss and Comprehensive Loss (Unaudited)5Condensed Consolidated Statements of Cash Flows (Unaudited)6Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders’ Deficit (Unaudited)7Notes to Condensed Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures About Market Risk44Item 4.Controls and Procedures44 PART II.OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures 4545454646464748 Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q of Firefly Aerospace Inc. (the “Company”) contains forward-looking statements.Many statements included in this Quarterly Report on Form 10-Q that are not statements of historical fact, including statementsabout our beliefs and expectations, are forward-looking statements. Forward-looking statements are inherently subject to risks anduncertainties, some of which cannot be predicted or quantified. These risks and other factors include, but are not limited to, thoselisted under “Risk Factors.” In some cases, you can identify forward-looking statements by terminology such as “anticipate,”“believe,”“continue,”“could,”“estimate,”“expect,”“intend,”“may,”“might,”“objective,”“ongoing,”“plan,”“predict,”“project,” “potential,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. In particular,statements about the markets in which we operate, including growth of our various markets, statements about potential newproducts and product innovation and our expectations, beliefs, plans, strategies, objectives, prospects, assumptions, or future eventsor performance contained in this Quarterly Report on Form 10-Q are forward-looking statements. Some of the factors that couldcause actual results to differ materially from those expressed or implied by the forward-looking statements include: •our failure to manage our growth effectively and our ability to achieve and maintain profitability;•the potential for delayed or failed launches, and any failure of our laun