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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $30.8M, roughly 1.1× Firefly Aerospace Inc.). UNITY BANCORP INC runs the higher net margin — 43.9% vs -433.5%, a 477.3% gap on every dollar of revenue. On growth, Firefly Aerospace Inc. posted the faster year-over-year revenue change (37.6% vs 24.2%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M 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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
FLY vs UNTY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.8M | $35.3M |
| Net Profit | $-133.4M | $15.5M |
| Gross Margin | 27.6% | — |
| Operating Margin | -202.1% | 55.8% |
| Net Margin | -433.5% | 43.9% |
| Revenue YoY | 37.6% | 24.2% |
| Net Profit YoY | -227.1% | 34.5% |
| EPS (diluted) | $-1.50 | $1.52 |
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 | — | $35.3M | ||
| Q3 25 | $30.8M | $32.8M | ||
| Q2 25 | $15.5M | $34.4M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | — | $28.4M | ||
| Q3 24 | $22.4M | $27.7M | ||
| Q2 24 | $21.1M | $25.5M | ||
| Q1 24 | — | $25.6M |
| Q4 25 | — | $15.5M | ||
| Q3 25 | $-133.4M | $14.4M | ||
| Q2 25 | $-63.8M | $16.5M | ||
| Q1 25 | — | $11.6M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | $-40.8M | $10.9M | ||
| Q2 24 | $-53.5M | $9.5M | ||
| Q1 24 | — | $9.6M |
| 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 | — | 55.8% | ||
| Q3 25 | -202.1% | 57.5% | ||
| Q2 25 | -349.5% | 62.6% | ||
| Q1 25 | — | 52.6% | ||
| Q4 24 | — | 51.0% | ||
| Q3 24 | -152.9% | 52.7% | ||
| Q2 24 | -232.1% | 49.3% | ||
| Q1 24 | — | 50.0% |
| Q4 25 | — | 43.9% | ||
| Q3 25 | -433.5% | 43.8% | ||
| Q2 25 | -410.2% | 48.0% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | — | 40.5% | ||
| Q3 24 | -182.3% | 39.4% | ||
| Q2 24 | -253.7% | 37.1% | ||
| Q1 24 | — | 37.5% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | $-1.50 | $1.41 | ||
| Q2 25 | $-5.78 | $1.61 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | $1.13 | ||
| Q3 24 | $-3.57 | $1.07 | ||
| Q2 24 | $-4.60 | $0.92 | ||
| Q1 24 | — | $0.94 |
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 | $345.6M |
| Total Assets | $1.3B | $3.0B |
| 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 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $345.6M | ||
| Q3 25 | $948.8M | $334.0M | ||
| Q2 25 | $-918.0M | $319.8M | ||
| Q1 25 | — | $306.1M | ||
| Q4 24 | — | $295.6M | ||
| Q3 24 | $-665.5M | $284.3M | ||
| Q2 24 | $-620.0M | $273.4M | ||
| Q1 24 | — | $266.8M |
| Q4 25 | — | $3.0B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $466.8M | $2.9B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $44.9M |
| Free Cash FlowOCF − Capex | $-62.0M | $44.3M |
| FCF MarginFCF / Revenue | -201.3% | 125.7% |
| Capex IntensityCapex / Revenue | 29.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $44.9M | ||
| Q3 25 | $-53.0M | $45.5M | ||
| Q2 25 | — | $-25.3M | ||
| Q1 25 | — | $17.9M | ||
| Q4 24 | — | $48.0M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $-8.4M | ||
| Q1 24 | — | $15.8M |
| Q4 25 | — | $44.3M | ||
| Q3 25 | $-62.0M | $45.3M | ||
| Q2 25 | — | $-25.5M | ||
| Q1 25 | — | $17.6M | ||
| Q4 24 | — | $47.3M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $-8.6M | ||
| Q1 24 | — | $15.7M |
| Q4 25 | — | 125.7% | ||
| Q3 25 | -201.3% | 138.1% | ||
| Q2 25 | — | -74.2% | ||
| Q1 25 | — | 59.9% | ||
| Q4 24 | — | 166.5% | ||
| Q3 24 | — | 63.3% | ||
| Q2 24 | — | -33.7% | ||
| Q1 24 | — | 61.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 29.0% | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
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% |
UNTY
Segment breakdown not available.
