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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and MicroAlgo Inc. (MLGO). Click either name above to swap in a different company.

Firefly Aerospace Inc. is the larger business by last-quarter revenue ($30.8M vs $26.3M, roughly 1.2× MicroAlgo Inc.). On growth, Firefly Aerospace Inc. posted the faster year-over-year revenue change (37.6% vs -35.5%).

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.

MicroAlgo Inc. is a technology enterprise specializing in custom algorithm optimization solutions. It mainly serves clients across smart city management, industrial internet, and e-commerce sectors, helping enterprises improve operational efficiency, reduce operating costs, and optimize data processing performance for real business scenarios.

FLY vs MLGO — Head-to-Head

Bigger by revenue
FLY
FLY
1.2× larger
FLY
$30.8M
$26.3M
MLGO
Growing faster (revenue YoY)
FLY
FLY
+73.1% gap
FLY
37.6%
-35.5%
MLGO

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
FLY
FLY
MLGO
MLGO
Revenue
$30.8M
$26.3M
Net Profit
$-133.4M
Gross Margin
27.6%
Operating Margin
-202.1%
Net Margin
-433.5%
Revenue YoY
37.6%
-35.5%
Net Profit YoY
-227.1%
EPS (diluted)
$-1.50

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.

Revenue
FLY
FLY
MLGO
MLGO
Q3 25
$30.8M
Q2 25
$15.5M
$26.3M
Q4 24
$34.6M
Q3 24
$22.4M
Q2 24
$21.1M
$40.8M
Q2 23
$20.2M
Q1 23
$17.8M
Q2 22
$28.2M
Net Profit
FLY
FLY
MLGO
MLGO
Q3 25
$-133.4M
Q2 25
$-63.8M
Q4 24
$4.2M
Q3 24
$-40.8M
Q2 24
$-53.5M
Q2 23
$-4.8M
Q1 23
$-1.3M
Q2 22
$-23.6K
Gross Margin
FLY
FLY
MLGO
MLGO
Q3 25
27.6%
Q2 25
25.7%
Q4 24
26.4%
Q3 24
34.7%
Q2 24
14.0%
Q2 23
33.0%
Q1 23
27.8%
Q2 22
-0.1%
Operating Margin
FLY
FLY
MLGO
MLGO
Q3 25
-202.1%
Q2 25
-349.5%
Q4 24
7.0%
Q3 24
-152.9%
Q2 24
-232.1%
Q2 23
-7.7%
Q1 23
-7.9%
Q2 22
-0.1%
Net Margin
FLY
FLY
MLGO
MLGO
Q3 25
-433.5%
Q2 25
-410.2%
Q4 24
12.1%
Q3 24
-182.3%
Q2 24
-253.7%
Q2 23
-23.7%
Q1 23
-7.1%
Q2 22
-0.1%
EPS (diluted)
FLY
FLY
MLGO
MLGO
Q3 25
$-1.50
Q2 25
$-5.78
Q4 24
$0.56
Q3 24
$-3.57
Q2 24
$-4.60
Q2 23
Q1 23
Q2 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLY
FLY
MLGO
MLGO
Cash + ST InvestmentsLiquidity on hand
$995.2M
$319.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$948.8M
$317.6M
Total Assets
$1.3B
$330.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLY
FLY
MLGO
MLGO
Q3 25
$995.2M
Q2 25
$205.3M
$319.4M
Q4 24
$164.9M
Q3 24
$26.4M
Q2 24
$21.9M
$66.7M
Q2 23
$19.2M
Q1 23
$21.0M
Q2 22
$10.9K
Total Debt
FLY
FLY
MLGO
MLGO
Q3 25
Q2 25
$136.1M
Q4 24
Q3 24
Q2 24
Q2 23
Q1 23
Q2 22
Stockholders' Equity
FLY
FLY
MLGO
MLGO
Q3 25
$948.8M
Q2 25
$-918.0M
$317.6M
Q4 24
$144.9M
Q3 24
$-665.5M
Q2 24
$-620.0M
$76.0M
Q2 23
$60.4M
Q1 23
$66.7M
Q2 22
$-3.0M
Total Assets
FLY
FLY
MLGO
MLGO
Q3 25
$1.3B
Q2 25
$466.8M
$330.8M
Q4 24
$176.3M
Q3 24
Q2 24
$107.6M
Q2 23
$71.8M
Q1 23
$75.6M
Q2 22
$47.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLY
FLY
MLGO
MLGO
Operating Cash FlowLast quarter
$-53.0M
Free Cash FlowOCF − Capex
$-62.0M
FCF MarginFCF / Revenue
-201.3%
Capex IntensityCapex / Revenue
29.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLY
FLY
MLGO
MLGO
Q3 25
$-53.0M
Q2 25
Q4 24
$4.8M
Q3 24
Q2 24
Q2 23
$-3.8M
Q1 23
$-2.8M
Q2 22
$-747.8K
Free Cash Flow
FLY
FLY
MLGO
MLGO
Q3 25
$-62.0M
Q2 25
Q4 24
$4.8M
Q3 24
Q2 24
Q2 23
Q1 23
$-2.8M
Q2 22
FCF Margin
FLY
FLY
MLGO
MLGO
Q3 25
-201.3%
Q2 25
Q4 24
13.8%
Q3 24
Q2 24
Q2 23
Q1 23
-15.8%
Q2 22
Capex Intensity
FLY
FLY
MLGO
MLGO
Q3 25
29.0%
Q2 25
Q4 24
0.0%
Q3 24
Q2 24
0.0%
Q2 23
Q1 23
0.3%
Q2 22
Cash Conversion
FLY
FLY
MLGO
MLGO
Q3 25
Q2 25
Q4 24
1.15×
Q3 24
Q2 24
Q2 23
Q1 23
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLY
FLY

Spacecraft Solutions Revenue$21.4M69%
Launch Revenue$9.4M31%

MLGO
MLGO

Segment breakdown not available.

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