One company is burning cash faster but growing revenue at triple-digit rates; the other is profitable on a path but shrinking.
FLY Firefly Aerospace Inc. Common Stock
XNAS
18.25
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FLY
$18.25
—
Key stats
$18.25
Pre-market
$18.00
-1.37%
- 52-Week Range
- $15.99 – $62.17
- YTD
- -23.17%
- IV Rank (30D)
- 62.64
- Straddle Price
- $4.12
- P/C Vol Ratio
- 0.82
- Market Cap
- $3.1B
- Open
- $18.35
- Day Range
- $17.73 – $18.91
- Volume
- 2,325,482
- Prev Close
- $18.23
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.13% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.13% (VRP-adj) |
| WACC | 10.11% |
| Volatility Risk Premium | +72.3pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.3B |
| Return on Equity (TTM) | -30.3% |
| Book / Price | 47.0% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 22.9% |
| FCF Margin (TTM) | -113.8% |
| Debt / Equity | 0.02 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $21.53 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $19.98 |
| Bollinger Width / SMA20 | 263.8% (drives anchor stability) |
| Net Debt | $-0.4B |
| Market Cap | $3B |
Peers used for multiples: RDW, RTX, VOYG
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
3%
20-Day Fair Value
≈ by Nov 24, 2026
$18.28
α +0.2%
rank 64%
conviction
10%
40-Day Fair Value
≈ by Dec 23, 2026
$18.33
α +0.4%
rank 64%
conviction
14%
60-Day Fair Value
≈ by Jan 21, 2027
$18.24
α -0.1%
rank 64%
conviction
3%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | $32.47 | 12% | median 3.8× · 3 peers |
| Peer P/S | $10.55 | 12% | median 4.8× · 3 peers |
| Market Anchor (SMA50) | $21.53 | 43% | stability 67% (BB-width) |
| Options Expected (B-L 30d) | $17.57 | 32% | 32 strikes · skew +0.27 |
As of 2026-10-26 · updated
Related
About
- Industry (SIC)
- GUIDED MISSILES & SPACE VEHICLES & PARTS (3760) · industry map
- Exchange
- XNAS
- Market Cap
- $3.1B
- Employees
- 1,409
- List Date
- 2025-08-07
- CIK
- 0001860160
- Next Earnings
- 2026-11-10 (After-Close)
- EPS Forecast
- ($0.60) (2 est.)
- Headquarters
- Leander, TX
- Homepage
- https://www.fireflyspace.com
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 develops and provides space and defense technologies, including launch vehicles and spacecraft systems, supporting launch, transit, and in-orbit operations for government, commercial, and national security customers. It has only one operating segment. The majority of the company's revenue is derived from Spacecraft Solutions.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 6.06% | 6.06% |
| Feb | -- | -15.70% | -15.70% |
| Mar | -- | 36.09% | 36.09% |
| Apr | -- | 16.26% | 16.26% |
| May | -- | 37.54% | 37.54% |
| Jun | -- | -33.54% | -33.54% |
| Jul | -- | -29.64% | -29.64% |
| Aug | -24.82% | -3.52% | -14.17% |
| Sep | -33.71% | 12.00% | -10.86% |
| Oct | -9.04% | -20.13%* | -14.58% |
| Nov | -25.53% | -- | -25.53% |
| Dec | 33.08% | -- | 33.08% |
| Total | -55.07% | -21.48% | -38.28% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $19.68
SMA 50: $21.36
SMA 200: $27.41
Current: $18.25
EMA 12: $18.32
EMA 26: $19.61
MACD: -1.2909 | Signal: -0.0573
BEARISH
ADX (14): 25.33
TREND
+DI: 17.81
−DI: 25.17
Momentum Oscillators
RSI (14): 42.02
NEUTRAL
Stoch %K: 27.68
Stoch %D: 21.44
Williams %R: -63.31
Volume & Volatility
BB Upper: $24.64
BB Lower: $14.73
NEUTRAL
OBV: -43,869,035
Vol SMA 20: 3,113,277
Vol ROC: 36.34%
ATR: $1.39
True Range: $1.18
HV 20: 64.2%
HV 30: 71.9%
HV 60: 68.5%
Data Summary
Data Points: 307
Last Updated:
Date Range: 2025-08-07T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
System Prompt: As a professional financial analyst, I will provide a comprehensive stock analysis report for FLY.
Executive Summary: Overall assessment: BEARISH (confidence level: 7/10)
Key drivers and primary risks:
- Bearish technical signals from MACD and RSI
- High volatility and beta indicating high risk
- Negative news sentiment impact from recent articles
Investment thesis: FLY's recent performance has been driven by negative headlines and high volatility, leading to a bearish market narrative. The stock is trading below its short-term moving averages, and the momentum indicators are flashing red.
Recent news sentiment impact: The majority of recent news headlines have been negative or neutral, with only one positive article about Firefly Aerospace's space station project. This sentiment has contributed to the bearish tone in the market.
Technical Analysis:
- Trend Direction: Short-term (1-4 weeks): Downtrend
- Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- SMA 20: $27.84
- SMA 50: $35.57
- Upper Bollinger Band: $33.68
- Momentum Signals:
- RSI (14): 31.79 (neutral)
- MACD: -3.33 / Signal: -0.18 / Histogram: -3.15 (bearish)
News & Sentiment Analysis:
- Recent Headlines Summary: Negative news sentiment with articles about SpaceX's IPO, Rocket Lab's upgrades, and Firefly Aerospace's space station project.
- Sentiment Assessment: Aggregate news sentiment: NEGATIVE
- Catalyst Identification: Earnings date not available; product launches and regulatory changes may impact the stock.
Risk & Volatility Assessment:
- Beta Interpretation: Beta 3.14 (vs SPY) indicating high risk relative to market.
- Volatility Regime: Current volatility is higher than historical levels.
- Options Market Signals: IV Rank: 22.2% (Low), Put/Call Volume Ratio: 0.29 (Bullish sentiment)
Market Context & Positioning:
- Sector Performance: Relative strength vs sector/market: WEAK
- Institutional Activity: Low institutional interest and volume patterns suggesting caution.
- Correlation Analysis: Correlation with market (R-squared interpretation): LOW
Key Levels & Action Items:
- Critical Price Levels: Support/resistance to monitor:
- SMA 20: $27.84
- Upper Bollinger Band: $33.68
- Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- SMA 50: $35.57 (resistance)
- Time-Sensitive Catalysts: Earnings date not available; product launches and regulatory changes may impact the stock.
- Risk Management: Stop-loss levels and position sizing considerations based on volatility and risk metrics.
By analyzing the technical indicators, news sentiment, and market context, I conclude that FLY is currently in a bearish trend with high risk. The negative news sentiment has contributed to this trend, and investors should be cautious when considering a trade.
Generated
News
All FLY news →
Firefly trades at a fraction of AST's valuation multiple, but both burn cash at scale, here's which bet suits your risk appetite.
Firefly's hypergrowth masks massive cash burn, while Rocket Lab trades at a premium despite better financial discipline. One valuation gap may matter more than you think.
Firefly scales fast with a $1.4B backlog but burns cash heavily; Redwire trades cheaper but faces integration risks and internal control weaknesses.
Revenue is surging as Firefly expands deeper into space.
Firefly is burning cash but boasts a $1.4B backlog; GE Aerospace generates $7.3B in free cash flow annually. Growth versus stability, which fits your risk tolerance?
AST SpaceMobile trades at a 269x forward P/E versus Firefly's 21.9x, but one faces untested satellite tech while the other depends on government spending.
Earnings History
4 of 5 under expected move
Avg Expected Move
15.67%
Avg Actual Move
7.93%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2025-09-22 | After-Close | 21.00% | 15.31% | 0.73x | Within |
| 2025-11-12 | After-Close | 16.93% | 16.99% | 1.00x | Exceeded |
| 2026-03-19 | After-Close | 11.00% | 1.13% | 0.10x | Within |
| 2026-05-04 | After-Close | 14.53% | 5.54% | 0.38x | Within |
| 2026-08-11 | After-Close | 14.89% | 0.68% | 0.05x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
FLY Options Activity & IV Rank
FLY IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 106.3%
7-DTE IV: 81.0%
Expected Move: $4.12
7-DTE Move: $1.23
Days to Exp: 32 (2026-11-27)
Options Flow
Call Volume: 197
Put Volume: 161
P/C Volume: 0.817
NEUTRAL
Call OI: 235
Put OI: 238
P/C OI: 1.013
Total OI: 473
ATM Options Pricing
ATM Call: $2.02
ATM Put: $2.10
Call %: 11.1%
Put %: 11.5%
Chain Summary
Chain Volume: 8,178
Chain OI: 137,992
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 61st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
61%
vs own history
GEX tilt
+0.42
OI-weighted, today
Vanna tilt
+0.60
δ-sensitivity to IV
Charm tilt
-0.68
δ-decay vs time
Vanna tilt +0.60: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.68: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 97 ATM contracts, 37k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
29%
+1.5
pts
EXTREME
as of Oct 26 · ATM 87.0% / Wing 88.5%
30 DTE / 10d
73%
+8.1
pts
EXTREME
as of Oct 26 · ATM 95.1% / Wing 103.2%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)21.4LowOct 26
IV Rank (30 DTE)62.6MediumOct 26
Straddle Price (30 DTE)$4.12Oct 26
Beta Analysis
Risk Metrics
Beta: 3.4854
Alpha: -27.67%
Correlation: 0.4108
R-Squared: 16.9%
Stock Volatility: 108.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own FLY
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $18.2M | #753 of 3138 | +87.6% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $12.2M | #1447 of 3716 | +25.2% | 13F | |
| Citadel Hedge fund Ken Griffin | $1.5M | #3214 of 6285 | -39.4% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $600K | #1993 of 4729 | +5.6% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
FLY Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 142,730,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
19 filers$250.71M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $58.60M | 23.37% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $50.23M | 20.04% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $46.95M | 18.73% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $29.45M | 11.75% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $14.32M | 5.71% | 2026-06-30 |
| 6 | D. E. Shaw & Co., Inc. Custodian | $11.81M | 4.71% | 2026-06-30 |
| 7 | Temasek Holdings (Private) Ltd | $11.76M | 4.69% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $6.15M | 2.45% | 2026-06-30 |
| 9 | Walleye Trading LLC | $5.87M | 2.34% | 2026-06-30 |
| 10 | Citigroup Inc. Custodian | $3.92M | 1.56% | 2026-06-30 |
| 11 | PEAK6 LLC | $3.18M | 1.27% | 2026-06-30 |
| 12 | Wolverine Trading, LLC Custodian | $2.24M | 0.89% | 2025-09-30 |
| 13 | Point72 Asset Management, L.P. | $2.17M | 0.87% | 2026-06-30 |
| 14 | Balyasny Asset Management L.P. | $1.48M | 0.59% | 2026-06-30 |
| 15 | Walleye Capital LLC | $1.14M | 0.46% | 2026-06-30 |
| 16 | Millennium Management LLC Custodian | $558.60K | 0.22% | 2026-06-30 |
| 17 | SYMMETRY PEAK MANAGEMENT LLC | $367.50K | 0.15% | 2026-06-30 |
| 18 | UBS Group AG Custodian | $323.40K | 0.13% | 2026-06-30 |
| 19 | HUB Investment Partners, LLC | $176.40K | 0.07% | 2026-06-30 |
11 filers$137.49M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $44.51M | 32.37% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $35.19M | 25.59% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $33.52M | 24.38% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $11.20M | 8.15% | 2026-06-30 |
| 5 | Walleye Trading LLC | $5.98M | 4.35% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $2.34M | 1.70% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $1.52M | 1.11% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $1.32M | 0.96% | 2025-09-30 |
| 9 | Walleye Capital LLC | $987.84K | 0.72% | 2026-06-30 |
| 10 | D. E. Shaw & Co., Inc. Custodian | $588.00K | 0.43% | 2026-06-30 |
| 11 | Point72 Asset Management, L.P. | $343.98K | 0.25% | 2026-06-30 |
FLY Insider Trading (Form 4)
Latest: 2026-10-07Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-07 | Richard F Ambrose | Director | Award (A) | +6,716 | — | EDGAR | |
| 2026-10-02 | Glow Holdings Aggregator, LLC | 10%+ Owner | Other (J) | −211,075 | — | EDGAR | |
| 2026-09-23 | Jesung Kim | Chief Executive Officer | Exer (M) | +43,278 | $2.31 | $100.0K | EDGAR |
| 2026-09-18 | Jesung Kim | Chief Executive Officer | Tax (F) | −86,265 | $20.28 | -$1.75M | EDGAR |
| 2026-09-18 | Russell Shea Ferring | Chief Technology Officer | Tax (F) | −16,700 | $20.28 | -$338.7K | EDGAR |
| 2026-09-18 | Darren Ma | Chief Financial Officer | Mixed | +68,954 | $3.93 | -$338.0K | EDGAR |
| 2026-09-18 | Remington Wu | Chief Accounting Officer | Tax (F) | −1,827 | $20.28 | -$37.1K | EDGAR |
| 2026-08-18 | Ryan Michael Boland | Director | Other (J) | −37,628 | — | EDGAR | |
| 2026-08-06 | Nathan O'Konek | General Counsel & Secretary | Award (A) | +103,154 | — | EDGAR | |
| 2026-08-06 | Nathan O'Konek | General Counsel & Secretary | Award (A) | +103,154 | — | EDGAR | |
| 2026-06-08 | Thomas Hansueli Zurbuchen | Director | Award (A) | +3,630 | — | EDGAR | |
| 2026-06-08 | Christopher Plummer Emerson IV | Director | Award (A) | +3,630 | — | EDGAR | |
| 2026-06-08 | Jonathan Donald Lusczakoski | Director | Award (A) | +3,630 | — | EDGAR | |
| 2026-06-08 | Ryan Michael Boland | Director | Award (A) | +3,630 | — | EDGAR | |
| 2026-06-08 | Kevin G McAllister | Director | Award (A) | +3,630 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
FLY Insider Holdings
20 insiders · @ $18.25
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Glow Holdings Aggregator, LLC | 10%+ Owner | 32,980,210 | $601.89M | $0 | 1 | 2026-10-02 |
| 2 | Michael Robert Greene | 10%+ Owner | 17,688,857 | $322.82M | -$1.92B | 1 | 2026-06-03 |
| 3 | Marc Allen Weiser | Director | 1,208,543 | $22.06M | $0 | 1 | 2026-02-27 |
| 4 | Jesung Kim | Chief Executive Officer | 898,738 | $16.40M | $0 | 4 | 2026-09-23 |
| 5 | AEROEQUITY GP, LLC | 10%+ Owner | 652,502 | $11.91M | $4.50M | 1 | 2025-08-08 |
| 6 | Russell Shea Ferring | Chief Technology Officer | 525,424 | $9.59M | $0 | 3 | 2026-09-18 |
| 7 | Darren Ma | Chief Financial Officer | 260,687 | $4.76M | $0 | 3 | 2026-09-18 |
| 8 | David Leigh Wheeler | General Counsel | 146,523 | $2.67M | -$339.5K | 4 | 2026-05-19 |
| 9 | Ryan Michael Boland | Director | 134,120 | $2.45M | $0 | 4 | 2026-08-18 |
| 10 | Ramon Gilbert Sanchez | Chief Operating Officer | 118,493 | $2.16M | $0 | 2 | 2026-03-12 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
FLY Board & Officers
As of SEC filings through Oct 7, 2026Directors 9
- Christopher Plummer Emerson IV · since Aug 6, 2025
- Jesung Kim · since Aug 6, 2025
- Jonathan Donald Lusczakoski · since Aug 6, 2025
- Kevin G McAllister · since Aug 6, 2025
- Kirk Michael Konert · since Aug 6, 2025
- Pamela Joyce Braden · since Aug 6, 2025
- Ryan Michael Boland · since Aug 6, 2025
- Thomas Hansueli Zurbuchen · since Aug 6, 2025
- Richard F Ambrose · since Oct 5, 2026
Officers 6
- Jesung Kim · Chief Executive Officer · since Aug 6, 2025
- Darren Ma · Chief Financial Officer · since Aug 6, 2025
- Ramon Gilbert Sanchez · Chief Operating Officer · since Dec 22, 2025
- Remington Wu · Chief Accounting Officer · since Aug 6, 2025
- Russell Shea Ferring · Chief Technology Officer · since Aug 6, 2025
- Nathan O'Konek · General Counsel & Secretary · since Jun 15, 2026
10% owners 15
- Ae Co-Investment Partners Fund Iii-F, LP (entity) · since Aug 6, 2025
- Ae Industrial Partners Structured Solutions I, LP (entity) · since Aug 6, 2025
- Aeroequity Gp, LLC (entity) · since Aug 6, 2025
- David H. Rowe · since Aug 6, 2025
- Glow B Holdings, LLC (entity) · since Aug 6, 2025
- Glow C Holdings, LLC (entity) · since Aug 6, 2025
- Glow D Holdings, LLC (entity) · since Aug 6, 2025
- Glow Holdings Aggregator, LLC (entity) · on file since Jun 2026
- Glow NS Holdings, LLC (entity) · since Aug 6, 2025
- Institute Astera · since Aug 6, 2025
- Jed McCaleb · since Aug 6, 2025
- Marc Allen Weiser · since Aug 6, 2025
- Michael Robert Greene · since Aug 6, 2025
- Mitsui & Co Ltd (entity) · since Aug 6, 2025
- Thomas E Markusic · since Aug 6, 2025
Changes in the last 10 years (35)
| Oct 5, 2026 | Richard F Ambrose became a director |
| Jun 15, 2026 | Nathan O'Konek became General Counsel & Secretary |
| Jun 3, 2026 | Glow Holdings Aggregator, LLC first on file as a 10% owner |
| Apr 2, 2026 | The company announced the departure of Marc Allen Weiser from the board in an SEC filing |
| Dec 22, 2025 | Ramon Gilbert Sanchez became Chief Operating Officer |
| Dec 6, 2025 | The company announced the departure of Daniel Frank Fermon as Chief Operating Officer in an SEC filing |
| Aug 6, 2025 | Thomas Hansueli Zurbuchen became a director |
| Aug 6, 2025 | Thomas E Markusic became a 10% owner |
| Aug 6, 2025 | Ryan Michael Boland became a director |
| Aug 6, 2025 | Russell Shea Ferring became Chief Technology Officer |
| Aug 6, 2025 | Remington Wu became Chief Accounting Officer |
| Aug 6, 2025 | Pamela Joyce Braden became a director |
| Aug 6, 2025 | Mitsui & Co Ltd became a 10% owner |
| Aug 6, 2025 | Michael Robert Greene became a 10% owner |
| Aug 6, 2025 | Marc Allen Weiser became a director |
| Aug 6, 2025 | Marc Allen Weiser became a 10% owner |
| Aug 6, 2025 | Kirk Michael Konert became a director |
| Aug 6, 2025 | Kevin G McAllister became a director |
| Aug 6, 2025 | Jonathan Donald Lusczakoski became a director |
| Aug 6, 2025 | Jesung Kim became a director |
| Aug 6, 2025 | Jesung Kim became Chief Executive Officer |
| Aug 6, 2025 | Jed McCaleb became a 10% owner |
| Aug 6, 2025 | Institute Astera became a 10% owner |
| Aug 6, 2025 | Glow NS Holdings, LLC became a 10% owner |
| Aug 6, 2025 | Glow D Holdings, LLC became a 10% owner |
| Aug 6, 2025 | Glow C Holdings, LLC became a 10% owner |
| Aug 6, 2025 | Glow B Holdings, LLC became a 10% owner |
| Aug 6, 2025 | David Leigh Wheeler became General Counsel |
| Aug 6, 2025 | David H. Rowe became a 10% owner |
| Aug 6, 2025 | Darren Ma became Chief Financial Officer |
| Aug 6, 2025 | Daniel Frank Fermon became Chief Operating Officer |
| Aug 6, 2025 | Christopher Plummer Emerson IV became a director |
| Aug 6, 2025 | Aeroequity Gp, LLC became a 10% owner |
| Aug 6, 2025 | Ae Industrial Partners Structured Solutions I, LP became a 10% owner |
| Aug 6, 2025 | Ae Co-Investment Partners Fund Iii-F, LP became a 10% owner |
Not reported recently (1)
- David Leigh Wheeler · Last reported as General Counsel in an SEC filing dated May 19, 2026
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
FLY Proposed Insider Sales (Form 144)
Latest: 2026-05-18
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-05-18 | David Wheeler | Director | 3,765 | $165.5K | 2026-05-18 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-05-13 | WFI VENTURE CAPITAL LLC | Affiliate | 153,389 | $6.10M | 2026-05-13 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-05-13 | BFI EQUITY LLC | Affiliate | 3,402 | $135.4K | 2026-05-13 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-05-13 | WFI EQUITY LLC | Affiliate | 82,037 | $3.27M | 2026-05-13 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-04-17 | David Wheeler | Director | 3,766 | $164.6K | 2026-04-17 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
64 ETFs hold FLY
25 shown · $468.19M total exposure · 0.06% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | NASA Tema Space Innovators ETF | Nport | 4.94% | $128.7M | — | 2026-05-31 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $60.6M | — | 2026-09-30 |
| 3 | XAR State Street® SPDR® S&P® Aerospace & Defense ETF | SPDR (State Street) | 0.91% | $44.2M | $4.9B | 2026-10-23 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.02% | $43.6M | — | 2026-09-30 |
| 5 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.05% | $36.5M | $74.6B | 2026-10-23 |
| 6 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.06% | $24.3M | — | 2026-09-30 |
| 7 | VXF Vanguard Extended Market ETF | Vanguard | 0.03% | $24.1M | — | 2026-09-30 |
| 8 | ITA iShares U.S. Aerospace & Defense ETF | iShares (BlackRock) | 0.13% | $15.7M | $12.0B | 2026-10-23 |
| 9 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.10% | $13.6M | $13.7B | 2026-10-23 |
| 10 | PPA Invesco Aerospace & Defense ETF | Invesco | 0.17% | $12.7M | — | 2026-10-24 |
| 11 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.06% | $10.7M | — | 2026-09-30 |
| 12 | UFO Procure Space ETF | Nport | 1.82% | $10.7M | — | 2026-07-31 |
| 13 | SIXG Defiance Connective Technologies ETF | Nport | 0.79% | $8.0M | — | 2026-06-30 |
| 14 | UFOX Defiance Connective Technologies ETF | Nport | 0.79% | $8.0M | — | 2026-06-30 |
| 15 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $4.7M | — | 2026-05-31 |
| 16 | KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF | SPDR (State Street) | 0.17% | $4.3M | $2.5B | 2026-10-23 |
| 17 | ROKT State Street® SPDR® S&P Kensho Final Frontiers ETF | SPDR (State Street) | 1.98% | $3.0M | $149.2M | 2026-10-23 |
| 18 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $2.4M | $96.5B | 2026-10-23 |
| 19 | MISL First Trust Indxx Aerospace & Defense ETF | First Trust | 0.34% | $2.2M | $662.6M | 2026-10-23 |
| 20 | WARP VanEck Space ETF | Nport | 3.73% | $2.2M | — | 2026-06-30 |
| 21 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.12% | $2.0M | — | 2026-09-30 |
| 22 | VIS Vanguard Industrials ETF | Vanguard | 0.02% | $2.0M | — | 2026-09-30 |
| 23 | ORBX Global X Space Tech ETF | Global X | 3.91% | $1.4M | — | 2026-10-26 |
| 24 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.10% | $1.3M | $1.3B | 2026-10-23 |
| 25 | IPO Renaissance IPO ETF | Nport | 0.64% | $1.2M | — | 2026-06-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-2.94
TTM Revenue
$287.01M
TTM Net Income
$-370.41M
TTM Op. Cash Flow
$-264.42M
Quarterly figures (4 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $117.68M | $-92.32M | $-0.57 | $-81.56M |
| Q1 '26 | 2026-03-31 | $80.88M | $-96.68M | $-0.61 | $-62.55M |
| Q4 '25 | 2025-12-31 | $57.67M | $-41.06M | $2.42 | $-67.26M |
| Q3 '25 | 2025-09-30 | $30.78M | $-140.36M | $-1.50 | $-53.05M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-11
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
2.13
P/S
9.08
EV/EBITDA
—
EV/Sales
7.55
ROE
-30.3%
ROA
-22.6%
Div Yield
0.16%
FCF Yield
-10.15%
Debt/Equity
0.02
Current Ratio
—
Market Cap
$2.60B
as of 2026-10-26
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
11.94M
SI % of Float
18.95%
Days to Cover
3.22
Short Vol Ratio
67.2%
Free Float
63.00M
Float %
39.3%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-07-10