Royal Bank of Canada Raises Stake in Firefly Aerospace, Inc. $FLY

Royal Bank of Canada boosted its position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) by 1,803.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,782 shares of the company’s stock after acquiring an additional 213,923 shares during the period. Royal Bank of Canada owned about 0.14% of Firefly Aerospace worth $6,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth $53,409,000. Franklin Resources Inc. purchased a new position in Firefly Aerospace in the third quarter valued at $7,834,000. BNP Paribas Financial Markets acquired a new stake in Firefly Aerospace in the third quarter valued at $26,000. UBS Group AG purchased a new stake in Firefly Aerospace during the 3rd quarter worth about $15,587,000. Finally, Two Sigma Investments LP purchased a new stake in Firefly Aerospace during the 3rd quarter worth about $1,128,000.

Key Firefly Aerospace News

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Strong Q2 performance: Firefly reported revenue of $117.7 million, up 659% year over year, while adjusted EPS of $(0.42) beat the consensus estimate of $(0.50) by $0.08. The results were described as a “double beat,” providing evidence of accelerating demand across its launch and space systems businesses. Firefly Aerospace Delivers Q2 Double Beat as Revenue Soars 650%
• Positive Sentiment: Lockheed Martin contract extended: Firefly extended its multi-launch agreement with Lockheed Martin through 2031. The deal covers up to 25 launches using Firefly’s Alpha Block II rocket, strengthening long-term revenue visibility and validating the company’s launch technology. Firefly Aerospace Announces Extension of Multi-Launch Agreement with Lockheed Martin Through 2031
• Positive Sentiment: Operational momentum: Firefly highlighted increased production capacity for carbon-composite tanks and structures, along with launch and spacecraft vehicles in assembly. Its Blue Ghost lunar program and national-security demand remain important growth catalysts.
• Neutral Sentiment: Revenue outlook broadly supports growth: Firefly issued fiscal 2026 revenue guidance of $420 million to $450 million. The midpoint is slightly below the $440.2 million analyst consensus, but the range still implies substantial expansion; no meaningful EPS guidance was provided.
• Negative Sentiment: Profitability remains weak: Despite the earnings beat, Firefly continues to report substantial losses, including a negative net margin of 181.16% and negative return on equity of 40.96%. Investors may remain focused on whether rapid expansion can eventually translate into positive cash flow.
• Negative Sentiment: Shareholder investigation: Johnson Fistel announced an investigation into potential fiduciary-duty breaches by Firefly officers and directors. The announcement does not establish wrongdoing but adds legal and governance risk. Johnson Fistel Shareholder Investigation

Insider Activity

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the transaction, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,441,240.96. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.50% of the company’s stock.

Firefly Aerospace Stock Up 2.3%

Firefly Aerospace stock opened at $26.36 on Wednesday. The company has a market capitalization of $4.22 billion and a P/E ratio of -3.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $62.17. The stock has a 50-day simple moving average of $26.53 and a 200-day simple moving average of $29.48.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm had revenue of $117.68 million for the quarter. During the same quarter in the prior year, the business earned ($5.78) EPS. The company’s quarterly revenue was up 659.2% compared to the same quarter last year. Equities research analysts expect that Firefly Aerospace, Inc. will post -1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FLY shares. Roth Capital increased their price objective on Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wall Street Zen raised Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday, June 7th. B. Riley Financial started coverage on shares of Firefly Aerospace in a research note on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $52.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, June 2nd. Finally, Morgan Stanley upped their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.64.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.