vs
Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and Namib Minerals (NAMM). Click either name above to swap in a different company.
Namib Minerals is the larger business by last-quarter revenue ($41.9M vs $30.8M, roughly 1.4× Firefly Aerospace Inc.). Namib Minerals produced more free cash flow last quarter ($7.4M 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.
Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.
FLY vs NAMM — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.8M | $41.9M |
| Net Profit | $-133.4M | — |
| Gross Margin | 27.6% | 45.7% |
| Operating Margin | -202.1% | 29.8% |
| Net Margin | -433.5% | — |
| Revenue YoY | 37.6% | — |
| 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.
| Q3 25 | $30.8M | — | ||
| Q2 25 | $15.5M | $41.9M | ||
| Q3 24 | $22.4M | — | ||
| Q2 24 | $21.1M | — |
| Q3 25 | $-133.4M | — | ||
| Q2 25 | $-63.8M | — | ||
| Q3 24 | $-40.8M | — | ||
| Q2 24 | $-53.5M | — |
| Q3 25 | 27.6% | — | ||
| Q2 25 | 25.7% | 45.7% | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 14.0% | — |
| Q3 25 | -202.1% | — | ||
| Q2 25 | -349.5% | 29.8% | ||
| Q3 24 | -152.9% | — | ||
| Q2 24 | -232.1% | — |
| Q3 25 | -433.5% | — | ||
| Q2 25 | -410.2% | — | ||
| Q3 24 | -182.3% | — | ||
| Q2 24 | -253.7% | — |
| Q3 25 | $-1.50 | — | ||
| Q2 25 | $-5.78 | — | ||
| Q3 24 | $-3.57 | — | ||
| Q2 24 | $-4.60 | — |
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 | — |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $995.2M | — | ||
| Q2 25 | $205.3M | — | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $21.9M | — |
| Q3 25 | — | — | ||
| Q2 25 | $136.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | $948.8M | — | ||
| Q2 25 | $-918.0M | — | ||
| Q3 24 | $-665.5M | — | ||
| Q2 24 | $-620.0M | — |
| Q3 25 | $1.3B | — | ||
| Q2 25 | $466.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $-62.0M | $7.4M |
| FCF MarginFCF / Revenue | -201.3% | 17.6% |
| Capex IntensityCapex / Revenue | 29.0% | 9.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-53.0M | — | ||
| Q2 25 | — | $11.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | $-62.0M | — | ||
| Q2 25 | — | $7.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | -201.3% | — | ||
| Q2 25 | — | 17.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | 29.0% | — | ||
| Q2 25 | — | 9.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
NAMM
Segment breakdown not available.
