Financial Statements — FLY
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 |
|---|
| Cash & Equivalents | 0.33 | 1.00 | 0.21 |
| Short-term Investments | 0.23 | -- | -- |
| Accounts Receivable | 0.04 | 0.01 | 0.01 |
| Total Current Assets | 0.67 | 1.02 | 0.23 |
| Property, Plant & Equipment | 0.17 | 0.14 | 0.14 |
| Goodwill | 0.45 | 0.02 | 0.02 |
| Intangible Assets | 0.16 | -- | -- |
| Total Non-current Assets* | 0.82 | 0.23 | 0.23 |
| Total Assets | 1.49 | 1.26 | 0.47 |
| Accounts Payable | 0.04 | 0.03 | 0.03 |
| Short-term Debt | 0.01 | -- | -- |
| Total Current Liabilities | 0.27 | 0.16 | 0.15 |
| Long-term Debt | -- | -- | 0.14 |
| Total Non-current Liabilities* | 0.12 | 0.14 | 0.26 |
| Total Liabilities | 0.39 | 0.31 | 0.41 |
| Retained Earnings | (1.12) | (0.98) | (0.92) |
| Total Stockholder Equity* | 1.10 | 0.95 | 0.06 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 |
|---|
| Total Revenue | 80.88 | 57.67 | 30.78 | 15.55 |
| Cost of Revenue | 63.42 | 41.71 | 22.29 | 11.55 |
| Gross Profit | 17.46 | 15.96 | 8.49 | 4.00 |
| Research & Development | 67.51 | 57.57 | 48.76 | 45.77 |
| Selling, General & Admin | 45.62 | 44.00 | 21.92 | 12.57 |
| Total Operating Expenses | 113.13 | 101.56 | 70.68 | 58.35 |
| Operating Income | (95.67) | (85.60) | (62.19) | (54.35) |
| Pretax Income | (96.61) | (78.18) | (133.41) | (63.78) |
| Tax Provision | 0.07 | (37.13) | 0.00 | 0.00 |
| Net Income | (96.68) | (41.06) | (133.41) | (63.78) |
| Basic EPS | (0.61) | 2.42 | (1.50) | (5.78) |
| Diluted EPS | (0.61) | 2.42 | (1.50) | (5.78) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 |
|---|
| Operating Cash Flow | (62.54) | (67.26) | (53.05) | (84.62) |
| Capital Expenditures | 16.35 | 12.07 | 8.92 | 11.84 |
| Free Cash Flow* | (78.89) | (79.33) | (61.97) | (96.46) |
| Investing Cash Flow | (141.34) | (380.80) | (8.92) | (11.84) |
| Financing Cash Flow | (262.90) | 245.04 | 836.41 | 180.44 |
* Derived from reported values
