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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and Nano Dimension Ltd. (NNDM). Click either name above to swap in a different company.
Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $30.8M, roughly 1.9× Firefly Aerospace Inc.). Nano Dimension Ltd. runs the higher net margin — -171.1% vs -433.5%, a 262.4% gap on every dollar of revenue. Nano Dimension Ltd. produced more free cash flow last quarter ($-21.1M 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.
Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.
FLY vs NNDM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $30.8M | $57.8M |
| Net Profit | $-133.4M | $-98.8M |
| Gross Margin | 27.6% | 43.1% |
| Operating Margin | -202.1% | -155.1% |
| Net Margin | -433.5% | -171.1% |
| Revenue YoY | 37.6% | — |
| Net Profit YoY | -227.1% | — |
| EPS (diluted) | $-1.50 | $-0.45 |
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 | — | ||
| Q4 24 | — | $57.8M | ||
| Q3 24 | $22.4M | — | ||
| Q2 24 | $21.1M | $28.4M | ||
| Q2 23 | — | $29.7M |
| Q3 25 | $-133.4M | — | ||
| Q2 25 | $-63.8M | — | ||
| Q4 24 | — | $-98.8M | ||
| Q3 24 | $-40.8M | — | ||
| Q2 24 | $-53.5M | $-79.2M | ||
| Q2 23 | — | $12.6M |
| Q3 25 | 27.6% | — | ||
| Q2 25 | 25.7% | — | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 14.0% | 45.8% | ||
| Q2 23 | — | 44.0% |
| Q3 25 | -202.1% | — | ||
| Q2 25 | -349.5% | — | ||
| Q4 24 | — | -155.1% | ||
| Q3 24 | -152.9% | — | ||
| Q2 24 | -232.1% | — | ||
| Q2 23 | — | — |
| Q3 25 | -433.5% | — | ||
| Q2 25 | -410.2% | — | ||
| Q4 24 | — | -171.1% | ||
| Q3 24 | -182.3% | — | ||
| Q2 24 | -253.7% | -279.4% | ||
| Q2 23 | — | 42.3% |
| Q3 25 | $-1.50 | — | ||
| Q2 25 | $-5.78 | — | ||
| Q4 24 | — | $-0.45 | ||
| Q3 24 | $-3.57 | — | ||
| Q2 24 | $-4.60 | $-0.35 | ||
| Q2 23 | — | $0.05 |
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 | $317.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $948.8M | $860.0M |
| Total Assets | $1.3B | $902.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $995.2M | — | ||
| Q2 25 | $205.3M | — | ||
| Q4 24 | — | $317.2M | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $21.9M | $231.8M | ||
| Q2 23 | — | $454.6M |
| Q3 25 | — | — | ||
| Q2 25 | $136.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | $948.8M | — | ||
| Q2 25 | $-918.0M | — | ||
| Q4 24 | — | $860.0M | ||
| Q3 24 | $-665.5M | — | ||
| Q2 24 | $-620.0M | $870.3M | ||
| Q2 23 | — | $1.1B |
| Q3 25 | $1.3B | — | ||
| Q2 25 | $466.8M | — | ||
| Q4 24 | — | $902.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $911.0M | ||
| Q2 23 | — | $1.2B |
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 | $-18.9M |
| Free Cash FlowOCF − Capex | $-62.0M | $-21.1M |
| FCF MarginFCF / Revenue | -201.3% | -36.5% |
| Capex IntensityCapex / Revenue | 29.0% | 3.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-53.0M | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $-18.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-30.7M | ||
| Q2 23 | — | $-56.1M |
| Q3 25 | $-62.0M | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $-21.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | -201.3% | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | -36.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | 29.0% | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | -4.47× |
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% |
NNDM
Segment breakdown not available.
