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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and FVCBankcorp, Inc. (FVCB). Click either name above to swap in a different company.
Firefly Aerospace Inc. is the larger business by last-quarter revenue ($30.8M vs $16.9M, roughly 1.8× FVCBankcorp, Inc.). On growth, FVCBankcorp, Inc. posted the faster year-over-year revenue change (4377.5% vs 37.6%). FVCBankcorp, Inc. produced more free cash flow last quarter ($23.8M vs $-62.0M).
Firefly Aerospace, Inc. (Firefly) is an American aerospace firm based in Cedar Park, Texas. Firefly develops small- and medium-lift launch vehicles for commercial launches to orbit. Firefly's stated purpose is to increase access to space, similar to other private spaceflight companies.
FVCBankcorp, Inc. is a Virginia-based U.S. bank holding company operating FVCbank, a community-focused financial institution. It provides a full range of personal and commercial banking products including deposit accounts, business and personal loans, mortgage services, and wealth management solutions, serving SMEs, professionals and individual consumers across the Mid-Atlantic region.
FLY vs FVCB — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.8M | $16.9M |
| Net Profit | $-133.4M | — |
| Gross Margin | 27.6% | — |
| Operating Margin | -202.1% | 43.7% |
| Net Margin | -433.5% | — |
| Revenue YoY | 37.6% | 4377.5% |
| Net Profit YoY | -227.1% | — |
| EPS (diluted) | $-1.50 | $0.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $16.9M | ||
| Q3 25 | $30.8M | $416.0K | ||
| Q2 25 | $15.5M | $15.8M | ||
| Q1 25 | — | $382.0K | ||
| Q4 24 | — | $378.0K | ||
| Q3 24 | $22.4M | $412.0K | ||
| Q2 24 | $21.1M | $415.0K | ||
| Q1 24 | — | $359.0K |
| Q4 25 | — | — | ||
| Q3 25 | $-133.4M | $5.6M | ||
| Q2 25 | $-63.8M | $5.7M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-40.8M | $4.7M | ||
| Q2 24 | $-53.5M | $4.2M | ||
| Q1 24 | — | $1.3M |
| Q4 25 | — | — | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 25.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 43.7% | ||
| Q3 25 | -202.1% | — | ||
| Q2 25 | -349.5% | 45.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -152.9% | — | ||
| Q2 24 | -232.1% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -433.5% | 1341.1% | ||
| Q2 25 | -410.2% | 36.0% | ||
| Q1 25 | — | 1352.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -182.3% | 1133.3% | ||
| Q2 24 | -253.7% | 1001.2% | ||
| Q1 24 | — | 373.3% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | $-1.50 | $0.31 | ||
| Q2 25 | $-5.78 | $0.31 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | $-3.57 | $0.25 | ||
| Q2 24 | $-4.60 | $0.23 | ||
| Q1 24 | — | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $995.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $948.8M | $253.6M |
| Total Assets | $1.3B | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $995.2M | — | ||
| Q2 25 | $205.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $21.9M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $136.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $253.6M | ||
| Q3 25 | $948.8M | $249.8M | ||
| Q2 25 | $-918.0M | $243.2M | ||
| Q1 25 | — | $242.3M | ||
| Q4 24 | — | $235.4M | ||
| Q3 24 | $-665.5M | $230.8M | ||
| Q2 24 | $-620.0M | $226.5M | ||
| Q1 24 | — | $220.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $466.8M | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-53.0M | $23.9M |
| Free Cash FlowOCF − Capex | $-62.0M | $23.8M |
| FCF MarginFCF / Revenue | -201.3% | 140.7% |
| Capex IntensityCapex / Revenue | 29.0% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.9M | ||
| Q3 25 | $-53.0M | $7.6M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $18.2M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $7.2M |
| Q4 25 | — | $23.8M | ||
| Q3 25 | $-62.0M | $7.6M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $18.1M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $1.5M | ||
| Q1 24 | — | $7.1M |
| Q4 25 | — | 140.7% | ||
| Q3 25 | -201.3% | 1818.0% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | 1413.6% | ||
| Q4 24 | — | 4786.0% | ||
| Q3 24 | — | 1121.8% | ||
| Q2 24 | — | 361.2% | ||
| Q1 24 | — | 1988.3% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 29.0% | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 5.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLY
| Spacecraft Solutions Revenue | $21.4M | 69% |
| Launch Revenue | $9.4M | 31% |
FVCB
Segment breakdown not available.
