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Firefly Aerospace Inc. (FLY)

USD25.36 -0.52 (-2.01%)
US NASDAQ Industrials Aerospace & Defense
Address 1320 Arrow Point Drive 78613
Cedar Park, TX, US
CEO Jason Kim
IPO 2025-08-07
CIK 1860160 ISIN US31816X1063

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Description

Firefly Aerospace Inc. is an innovative aerospace and defense technology firm that provides advanced mission capabilities for a wide range of clients, including national security initiatives, governmental bodies, and commercial ventures. The company specializes in integrated technologies for space launches and in-orbit operations, designed to facilitate efficient access, transit, and ongoing activities within the space environment. Its suite of key offerings includes: Alpha, a rapid-response small launch vehicle; Eclipse, a robust medium-lift launch system; Blue Ghost, which provides lunar payload delivery and surface operations; Elytra, offering in-space maneuverability and satellite servicing; and Ocula, a dedicated lunar imaging service. Established in 2017, the company is based in Cedar Park, Texas.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD25.36 -0.52 (-2.01%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
0.39
Float Shares
138.76M
Free Float %
86.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.63% +10.46% +1.86% +99.90% +108.85% +70.94% -36.64% -36.64% -36.64% -36.64% -36.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (7 analysts) Buy
Price Targets & DCF
Current price
25.36
Low 32.00 +26.2%
Consensus 39.40 +55.4%
Median 35.00 +38.0%
High 60.00 +136.6%
Ratings Trend (MoM) 63% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 4 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 3
44.00
+73.5%
Last Quarter 4
41.25
+62.7%
Last Year 11
42.45
+67.4%
All Time 11
42.45
+67.4%
Quality scores
Altman Z-Score
8.46
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +16.7%
    +163.0% Q1'26: +44.8% (vs Q1'25)
  • EPS growth Aerospace & Defense: +33.8%
    -161.0% Q1'26: -21.2% (vs Q1'25)
  • FCF margin Aerospace & Defense: +35.8%
    -142.2% Q1'26: -97.5% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +10.0%
    -154.3% Q1'26: -118.3% (vs Q1'25)
  • ROIC Aerospace & Defense: +7.2%
    -35.2% Q1'26: -63.1% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    -51.8% Q1'26: +11.1% (vs Q1'25)
  • Debt / EBITDA Aerospace & Defense: 0.01×
    -1.39× Q1'26: -0.17× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-1.14) × ERP
WACC = 95% × Ke + 5% × Kd (7.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 25.36
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
4 EPS Ana.
Dec 2027
7 Rev. Ana.
5 EPS Ana.
Dec 2028
6 Rev. Ana.
3 EPS Ana.
Dec 2029
5 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
508.43M
est.
435.50M
est.
384.81M
est.
436.72M
est.
55.24M
est: 497.37M (-88.9%)
60.79M
est: 102.81M (-40.9%)
159.86M
est: 154.30M (+3.6%)
436.48M
431.44M – 442.45M
+182.9% YoY
700.51M
633.80M – 746.58M
+60.5% YoY
1.16B
1.13B – 1.18B
+65.1% YoY
1.75B
1.63B – 1.84B
+51.0% YoY
2.17B
2.02B – 2.28B
+24.2% YoY
EBITDA
209.86M
est.
-129.94M
est.
-108.97M
est.
-160.45M
est.
-126.79M
est: -227.83M (+44.3%)
-198.22M
est: -102.81M (-92.8%)
-222.03M
est: -154.30M (-43.9%)
-436.48M
-442.45M – -431.44M
-182.9% YoY
-700.51M
-746.58M – -633.80M
-60.5% YoY
-1.16B
-1.18B – -1.13B
-65.1% YoY
-1.75B
-1.84B – -1.63B
-51.0% YoY
-2.17B
-2.28B – -2.02B
-24.2% YoY
EBIT
326.28M
est.
256.09M
est.
269.20M
est.
311.54M
est.
-131.49M
est: 362.20M (-136.3%)
-210.76M
est: -102.81M (-105.0%)
-246.58M
est: -154.30M (-59.8%)
-436.48M
-442.45M – -431.44M
-182.9% YoY
-700.51M
-746.58M – -633.80M
-60.5% YoY
-1.16B
-1.18B – -1.13B
-65.1% YoY
-1.75B
-1.84B – -1.63B
-51.0% YoY
-2.17B
-2.28B – -2.02B
-24.2% YoY
Net Income
188.76M
est.
-323.44M
est.
-467.78M
est.
-589.62M
est.
-135.46M
est: -743.54M (+81.8%)
-231.13M
est: -1.55B (+85.1%)
-298.34M
est: -186.00M (-60.4%)
-125.38M
-180.17M – -70.60M
+32.6% YoY
-71.73M
-124.83M – -18.64M
+42.8% YoY
-64.28M
-1.44B – 2.43B
+10.4% YoY
34.60M
31.60M – 36.94M
+153.8% YoY
175.78M
160.52M – 187.65M
+408.0% YoY
SGA
30.11M
est.
73.58M
est.
104.78M
est.
121.91M
est.
40.61M
est: 142.52M (-71.5%)
46.85M
est: 71.16M (-34.2%)
91.25M
est: 106.80M (-14.6%)
302.13M
298.64M – 306.25M
+182.9% YoY
484.88M
438.71M – 516.77M
+60.5% YoY
800.55M
785.16M – 815.93M
+65.1% YoY
1.21B
1.13B – 1.27B
+51.0% YoY
1.50B
1.40B – 1.58B
+24.2% YoY
EPS
5.46
est.
2.63
est.
1.26
est.
1.28
est.
-1.09
est: 1.28 (-185.0%)
-1.85
est: -22.62 (+91.8%)
-2.21
est: -2.67 (+17.1%)
-1.92
-2.60 – -1.02
+27.9% YoY
-1.28
-1.80 – -0.27
+33.6% YoY
-0.44
-20.82 – 35.16
+65.5% YoY
0.50
0.46 – 0.53
+213.4% YoY
2.54
2.32 – 2.71
+408.0% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-05 Morgan Stanley Equal Weight Equal Weight Maintain
2026-04-20 Goldman Sachs Neutral Neutral Maintain
2026-04-17 Roth Capital Buy Buy Maintain
2026-04-13 Jefferies Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-08 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-07 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-06 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-05 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-04 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-01 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-30 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-29 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-28 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-27 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-24 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-23 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-22 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-21 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-20 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-17 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-16 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-15 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-14 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-13 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5
2026-04-10 C- 1/5 1/5 1/5 1/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-75.55M
OE per share TTM
-0.49
Owner's Yield
-1.24%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
172.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
45
Total invested
34.50M
Insider transactions (90d)
1
Beneficial owners (>5%)
46
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 BBGP Aircraft Holdings Limited 4.56M 13.60% 4.56M 10.00 CO Cayman Islands 2007-10-12
2 BBGP Managing General Partner Ltd 4.56M 13.60% 4.56M 10.00 CO Cayman Islands 2007-10-12
3 Babcock & Brown International Pty Ltd 4.42M 13.20% 4.42M 10.00 CO Australia 2007-10-12
4 Babcock & Brown Investment Holdings Pty Ltd 4.42M 13.20% 4.42M 10.00 CO Australia 2007-10-12
5 Babcock & Brown Limited 4.42M 13.20% 4.42M 10.00 CO Australia 2007-10-12
6 Carlyle Aviation Elevate Ltd. 3.72M 8.18% 3.72M 10.00 HC, CO Cayman Islands 2021-04-06
7 Carlyle Aviation Services V LP 3.72M 8.18% 3.72M 10.00 PN Cayman Islands 2021-04-06
8 Carlyle Aviation Services V UGP Ltd. 3.72M 8.18% 3.72M 10.00 CO Cayman Islands 2021-04-06
9 Robert G. Korn 3.72M 8.18% 3.72M 10.00 IN United States of America 2021-04-06
10 SASOF International Master Fund V LP 3.72M 8.18% 3.72M 10.00 PN Cayman Islands 2021-04-06
11 William D. Hoffman 3.72M 8.18% 3.72M 10.00 IN United States of America 2021-04-06
12 Neuberger Berman Inc. 3.59M 10.68% 2.82M 3.59M HC Delaware 2008-02-08
13 AirAsia Group Berhad 3.33M 10.20% 3.33M 3.33M OO Malaysia 2018-09-04
14 13-2807845 2.77M 11.00% IA 2021-02-11
15 Atwood Porter Collins 2.35M 5.70% 2.35M 2.35M IN US Citizen 2016-01-22
16 Daniel Jonathan Moses 2.35M 5.70% 2.35M 2.35M IN US Citizen 2016-01-22
17 Seawolf Capital, LLC 2.35M 5.70% 2.35M 2.35M IA Delaware 2016-01-22
18 Seawolf Master Fund, Ltd. 2.35M 5.70% 2.35M 2.35M CO Delaware 2016-01-22
19 Vincent Daniel 2.35M 5.70% 2.35M 2.35M IN US Citizen 2016-01-22
20 Thornburg Investment Management Inc. 1.94M 6.42% 1.94M 1.94M IA Santa Fe, New Mexico 2010-01-08
21 Israel A. Englander 1.92M 6.30% 1.92M 1.92M IN 2021-04-19
22 Millennium Group Management LLC 1.92M 6.30% 1.92M 1.92M OO 2021-04-19
23 Millennium Management LLC 1.92M 6.30% 1.92M 1.92M OO 2021-04-19
24 Neuberger Berman Group LLC 1.90M 6.26% 1.22M 1.90M HC Delaware 2009-06-11
25 Gerald W. Schwartz 1.75M 6.30% 1.75M 1.75M IN Canada 2013-01-09
26 Onex Corporation 1.74M 6.20% 1.74M 1.74M FI, CO Ontario, Canada 2013-01-09
27 Glazer Capital, LLC 1.61M 5.29% 1.61M IA, OO State of Delaware 2021-06-28
28 Paul J. Glazer 1.61M 5.29% 1.61M IN United States 2021-06-28
29 1,567,854 1.57M 5.07% 1.57M 1.57M CO 2020-03-20
30 Steven Zissis 1.50M 5.40% 1.50M 10.00 IN United States 2013-01-09
31 Zissis Family Trust 1.50M 5.40% 1.50M 10.00 OO Nevada 2013-01-09
32 Summit Aviation Partners LLC 1.44M 5.10% 1.44M 10.00 OO Delaware 2013-01-09
33 Integrated Core Strategies (US) LLC 1.32M 4.30% 1.32M 1.32M OO 2021-04-19
34 Onex Partners GP Inc. 1.29M 4.60% 1.29M 1.29M CO Delaware 2013-01-09
35 Onex Partners III GP LP 1.29M 4.60% 1.29M 1.29M PN Delaware 2013-01-09
36 Onex Partners III LP 1.23M 4.40% 1.23M 1.23M PN Delaware 2013-01-09
37 Millennium International Management LP 595.7K 2.00% 595.7K 595.7K PN 2021-04-19
38 ICS Opportunities, Ltd. 557.6K 1.80% 557.6K 557.6K CO 2021-04-19
39 ICS Opportunities II LLC 38.1K 0.10% 38.1K 38.1K OO 2021-04-19
40 1597257 Ontario Inc. 17.5K 0.10% 17.5K 17.5K FI, CO Ontario, Canada 2013-01-09
41 American Farm Investment Corporation 17.5K 0.10% 17.5K 17.5K FI, CO Ontario 2013-01-09
42 New PCo Investments Ltd. 17.5K 0.10% 17.5K 17.5K FI, CO Ontario, Canada 2013-01-09
43 ONCAN Canadian Holdings Ltd. 17.5K 0.10% 17.5K 17.5K FI, CO Ontario, Canada 2013-01-09
44 Onex Partners III PV LP 15.6K 0.10% 15.6K 15.6K PN Delaware 2013-01-09
45 Onex Partners III Select LP 4.0K 0.00% 4.0K 4.0K PN Delaware 2013-01-09
46 Onex US Principals LP 3.8K 0.00% 3.8K 3.8K PN Delaware 2013-01-09

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
45
-116 vs prev Q
New positions
23
Closed positions
129
Increased
32
Reduced
6
Put/Call ratio
1.00
Calls held
58.8K
Puts held
58.8K
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 AE INDUSTRIAL PARTNERS, LP 35.23M -1.1M (-2.9%) 788.04M -275.8M (-25.9%) 23.78% -0.713 pp 49.06% -4.508 pp USD29.32 -23.7% 2 qtrs
2 VANGUARD GROUP INC 1.96M +141.3K (+7.8%) 43.91M -9.5M (-17.8%) 1.33% +0.095 pp 0.00% 0.000 pp USD28.82 -22.4% 2 qtrs
3 UBS GROUP AG 1.77M +1.2M (+233.6%) 39.68M +24.1M (+154.5%) 1.20% +0.838 pp 0.01% +0.004 pp USD24.45 -8.5% 2 qtrs
4 BLACKROCK, INC. 1.45M +454.3K (+45.4%) 32.53M +3.2M (+11.0%) 0.98% +0.307 pp 0.00% +0.000 pp USD27.15 -17.6% 2 qtrs
5 CAPITAL WORLD INVESTORS 1.21M +— (+0.0%) 26.96M -8.4M (-23.7%) 0.81% +0.000 pp 0.00% -0.001 pp USD29.32 -23.7% 2 qtrs
6 TEMASEK HOLDINGS (PRIVATE) LTD 1.07M +643.9K (+151.3%) 23.93M +11.4M (+91.7%) 0.72% +0.435 pp 0.08% +0.033 pp USD25.14 -11.0% 2 qtrs
7 PRICE T ROWE ASSOCIATES INC /MD/ 869.9K -991.4K (-53.3%) 19.46M -35.1M (-64.3%) 0.59% -0.669 pp 0.00% -0.004 pp USD29.32 -23.7% 2 qtrs
8 WCM INVESTMENT MANAGEMENT, LLC 681.3K +20.1K (+3.0%) 15.48M -9.0M (-36.7%) 0.46% +0.014 pp 0.03% -0.019 pp USD29.11 -23.2% 2 qtrs
9 JPMORGAN CHASE & CO 661.3K -2.8K (-0.4%) 14.79M -4.7M (-24.0%) 0.45% -0.002 pp 0.00% 0.000 pp USD29.32 -23.7% 2 qtrs
10 PHOENIX HOLDINGS LTD. 660.1K +166.6K (+33.8%) 14.77M +296.7K (+2.1%) 0.45% +0.113 pp 0.16% -0.016 pp USD27.57 -18.9% 2 qtrs
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 621.3K +529.7K (+578.3%) 13.90M +11.2M (+417.5%) 0.42% +0.358 pp 0.00% +0.001 pp USD23.39 -4.4% 2 qtrs
12 TUDOR INVESTMENT CORP ET AL 608.7K -70.0K (-10.3%) 13.62M -6.3M (-31.6%) 0.41% -0.047 pp 0.03% -0.009 pp USD29.32 -23.7% 2 qtrs
13 GEODE CAPITAL MANAGEMENT, LLC 608.2K +292.8K (+92.8%) 13.61M +4.4M (+47.1%) 0.41% +0.198 pp 0.00% +0.000 pp USD25.97 -13.9% 2 qtrs
14 INVESCO LTD. 518.9K +518.9K (+100.0%) 11.61M +11.6M (+100.0%) 0.35% +0.350 pp 0.00% +0.002 pp USD22.37 +0.0% 1 qtrs NEW
15 BLUECREST CAPITAL MANAGEMENT LTD 478.7K +— (+0.0%) 10.71M -3.3M (-23.7%) 0.32% +0.000 pp 0.32% +0.004 pp USD29.32 -23.7% 2 qtrs
16 BALYASNY ASSET MANAGEMENT L.P. 457.3K +457.3K (+100.0%) 10.23M +10.2M (+100.0%) 0.31% +0.309 pp 0.01% +0.013 pp USD22.37 +0.0% 1 qtrs NEW
17 TWO SIGMA INVESTMENTS, LP 435.9K +397.4K (+1,033.1%) 9.75M +8.6M (+764.5%) 0.29% +0.268 pp 0.01% +0.012 pp USD22.98 -2.7% 2 qtrs
18 STATE STREET CORP 391.3K +315.1K (+413.5%) 8.75M +6.5M (+291.8%) 0.26% +0.213 pp 0.00% +0.000 pp USD23.72 -5.7% 2 qtrs
19 NORGES BANK 360.0K +360.0K (+100.0%) 8.05M +8.1M (+100.0%) 0.24% +0.243 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
20 JENNISON ASSOCIATES LLC 356.7K +20.4K (+6.1%) 7.98M -1.9M (-19.1%) 0.24% +0.014 pp 0.00% -0.001 pp USD28.92 -22.6% 2 qtrs
21 AMERICAN CENTURY COMPANIES INC 335.1K -87.5K (-20.7%) 7.50M -4.9M (-39.5%) 0.23% -0.059 pp 0.00% -0.003 pp USD29.32 -23.7% 2 qtrs
22 FMR LLC 301.6K -426.3K (-58.6%) 6.75M -14.6M (-68.4%) 0.20% -0.288 pp 0.00% -0.001 pp USD29.32 -23.7% 2 qtrs
23 CITADEL ADVISORS LLC 286.4K +87.3K (+43.8%) 6.41M +569.2K (+9.7%) 0.19% +0.059 pp 0.00% +0.000 pp USD27.20 -17.8% 2 qtrs
24 PENSERRA CAPITAL MANAGEMENT LLC 280.4K +154.2K (+122.2%) 6.27M +2.6M (+69.6%) 0.19% +0.104 pp 0.07% +0.030 pp USD25.50 -12.3% 2 qtrs
25 MILLENNIUM MANAGEMENT LLC 263.5K -59.3K (-18.4%) 5.89M -3.6M (-37.7%) 0.18% -0.040 pp 0.00% -0.002 pp USD29.32 -23.7% 2 qtrs
26 FREESTONE GROVE PARTNERS LP 250.0K +47.2K (+23.3%) 5.59M -354.2K (-6.0%) 0.17% +0.032 pp 0.04% -0.004 pp USD28.01 -20.1% 2 qtrs
27 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 240.0K -40.0K (-14.3%) 5.37M -2.8M (-34.6%) 0.16% -0.027 pp 0.01% -0.006 pp USD29.32 -23.7% 2 qtrs
28 CITIGROUP INC 240.0K +240.0K (+100.0%) 5.37M +5.4M (+100.0%) 0.16% +0.162 pp 0.00% +0.002 pp USD22.37 +0.0% 1 qtrs NEW
29 LA BANQUE POSTALE ASSET MANAGEMENT SA 223.9K +162.6K (+265.5%) 5.01M +3.2M (+178.9%) 0.15% +0.110 pp 0.06% +0.036 pp USD24.27 -7.8% 2 qtrs
30 HUDSON BAY CAPITAL MANAGEMENT LP 220.0K +220.0K (+100.0%) 4.92M +4.9M (+100.0%) 0.15% +0.149 pp 0.02% +0.016 pp USD22.37 +0.0% 1 qtrs NEW
31 ALYESKA INVESTMENT GROUP, L.P. 211.4K +100.0K (+89.8%) 4.73M +1.5M (+44.8%) 0.14% +0.068 pp 0.01% +0.004 pp USD26.03 -14.1% 2 qtrs
32 MAREX GROUP PLC 204.1K +204.1K (+100.0%) 4.57M +4.6M (+100.0%) 0.14% +0.138 pp 0.03% +0.029 pp USD22.37 +0.0% 1 qtrs NEW
33 BANK OF AMERICA CORP /DE/ 192.0K +73.4K (+61.9%) 4.29M +817.2K (+23.5%) 0.13% +0.050 pp 0.00% +0.000 pp USD26.66 -16.1% 2 qtrs
34 MORGAN STANLEY 173.3K +78.0K (+81.8%) 3.88M +1.1M (+38.7%) 0.12% +0.053 pp 0.00% +0.000 pp USD26.19 -14.6% 2 qtrs
35 GHISALLO CAPITAL MANAGEMENT LLC 160.0K +— (+0.0%) 3.58M -1.1M (-23.7%) 0.11% +0.000 pp 0.16% +0.006 pp USD29.32 -23.7% 2 qtrs
36 NORTHERN TRUST CORP 155.2K +118.2K (+319.6%) 3.47M +2.4M (+220.1%) 0.10% +0.080 pp 0.00% +0.000 pp USD24.03 -6.9% 2 qtrs
37 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 152.1K +40.9K (+36.8%) 3.40M +142.2K (+4.4%) 0.10% +0.028 pp 0.00% +0.000 pp USD27.45 -18.5% 2 qtrs
38 LMR PARTNERS LLP 151.5K +— (+0.0%) 3.39M -1.1M (-23.7%) 0.10% +0.000 pp 0.01% -0.013 pp USD29.32 -23.7% 2 qtrs
39 SEVEN GRAND MANAGERS, LLC 150.0K +— (+0.0%) 3.36M -1.0M (-23.7%) 0.10% +0.000 pp 0.26% -0.102 pp USD29.32 -23.7% 2 qtrs
40 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 124.9K +103.3K (+478.2%) 2.97M +2.3M (+368.6%) 0.08% +0.070 pp 0.00% +0.002 pp USD23.57 -5.1% 2 qtrs
41 PEAK6 LLC 132.3K +132.3K (+100.0%) 2.96M +3.0M (+100.0%) 0.09% +0.089 pp 0.01% +0.006 pp USD22.37 +0.0% 1 qtrs NEW
42 TEACHER RETIREMENT SYSTEM OF TEXAS 130.8K +— (+0.0%) 2.93M -909.3K (-23.7%) 0.09% +0.000 pp 0.01% -0.005 pp USD29.32 -23.7% 2 qtrs
43 GOLDMAN SACHS GROUP INC 128.8K +31.1K (+31.8%) 2.88M +15.8K (+0.6%) 0.09% +0.021 pp 0.00% +0.000 pp USD27.64 -19.1% 2 qtrs
44 JANE STREET GROUP, LLC 128.2K +49.7K (+63.3%) 2.87M +566.2K (+24.6%) 0.09% +0.034 pp 0.00% +0.000 pp USD26.63 -16.0% 2 qtrs
45 BURKEHILL GLOBAL MANAGEMENT, LP 125.0K +— (+0.0%) 2.80M -868.8K (-23.7%) 0.08% +0.000 pp 0.18% -0.024 pp USD29.32 -23.7% 2 qtrs
46 MARSHALL WACE, LLP 124.0K +109.0K (+724.2%) 2.77M +2.3M (+528.9%) 0.08% +0.074 pp 0.00% +0.002 pp USD23.21 -3.6% 2 qtrs
47 RAYMOND JAMES FINANCIAL INC 120.3K +120.3K (+100.0%) 2.69M +2.7M (+100.0%) 0.08% +0.081 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
48 LIONTRUST INVESTMENT PARTNERS LLP 114.1K +53.1K (+86.9%) 2.55M +762.8K (+42.6%) 0.08% +0.036 pp 0.04% +0.013 pp USD26.09 -14.3% 2 qtrs
49 IMC-CHICAGO, LLC 107.2K +107.2K (+100.0%) 2.40M +2.4M (+100.0%) 0.07% +0.072 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
50 WELLS FARGO & COMPANY/MN 97.0K +95.8K (+7,981.5%) 2.17M +2.1M (+6,065.9%) 0.07% +0.065 pp 0.00% +0.000 pp USD22.46 -0.4% 2 qtrs
51 CONCENTRIC CAPITAL STRATEGIES, LP 92.1K +92.1K (+100.0%) 2.06M +2.1M (+100.0%) 0.06% +0.062 pp 0.10% +0.099 pp USD22.37 +0.0% 1 qtrs NEW
52 CAPITAL FUND MANAGEMENT S.A. 91.6K +91.6K (+100.0%) 2.05M +2.0M (+100.0%) 0.06% +0.062 pp 0.01% +0.006 pp USD22.37 +0.0% 1 qtrs NEW
53 GROUP ONE TRADING, L.P. 86.2K +67.9K (+370.0%) 1.93M +1.4M (+258.6%) 0.06% +0.046 pp 0.00% +0.002 pp USD23.85 -6.2% 2 qtrs
54 NEUBERGER BERMAN GROUP LLC 73.0K -1.0K (-1.4%) 1.63M -538.1K (-24.8%) 0.05% -0.001 pp 0.00% 0.000 pp USD29.32 -23.7% 2 qtrs
55 SHAY CAPITAL LLC 62.8K -60.0K (-48.9%) 1.40M -2.2M (-61.0%) 0.04% -0.041 pp 0.15% -0.167 pp USD29.32 -23.7% 2 qtrs
56 NEEDHAM INVESTMENT MANAGEMENT LLC 60.0K +20.0K (+50.0%) 1.34M +169.4K (+14.4%) 0.04% +0.014 pp 0.08% +0.003 pp USD27.00 -17.1% 2 qtrs
57 BANK OF NEW YORK MELLON CORP 58.8K +58.8K (+100.0%) 1.31M +1.3M (+100.0%) 0.04% +0.040 pp 0.00% +0.000 pp USD22.37 +0.0% 1 qtrs NEW
58 STRATOS WEALTH PARTNERS, LTD. 48.7K +48.7K (+100.0%) 1.09M +1.1M (+100.0%) 0.03% +0.033 pp 0.01% +0.012 pp USD22.37 +0.0% 1 qtrs NEW
59 HUNTLEIGH ADVISORS, INC. 45.3K +45.3K (+100.0%) 1.01M +1.0M (+100.0%) 0.03% +0.031 pp 0.17% +0.171 pp USD22.37 +0.0% 1 qtrs NEW
60 LPL FINANCIAL LLC 44.4K +33.7K (+314.1%) 994.1K +679.5K (+215.9%) 0.03% +0.023 pp 0.00% +0.000 pp USD24.05 -7.0% 2 qtrs
61 AMERIPRISE FINANCIAL INC 44.2K -12.7K (-22.3%) 989.2K -678.3K (-40.7%) 0.03% -0.009 pp 0.00% 0.000 pp USD29.32 -23.7% 2 qtrs
62 MML INVESTORS SERVICES, LLC 41.3K +41.3K (+100.0%) 924.5K +924.5K (+100.0%) 0.03% +0.028 pp 0.00% +0.002 pp USD22.37 +0.0% 1 qtrs NEW
63 BARCLAYS PLC 33.6K +25.0K (+292.0%) 751.3K +500.1K (+199.1%) 0.02% +0.017 pp 0.00% +0.000 pp USD24.14 -7.3% 2 qtrs
64 VERITION FUND MANAGEMENT LLC 32.0K -411.7K (-92.8%) 715.8K -12.3M (-94.5%) 0.02% -0.278 pp 0.00% -0.051 pp USD29.32 -23.7% 2 qtrs
65 FIRST TRUST ADVISORS LP 30.1K +30.1K (+100.0%) 673.5K +673.5K (+100.0%) 0.02% +0.020 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
66 CAITONG INTERNATIONAL ASSET MANAGEMENT CO., LTD 28.7K +16.7K (+140.2%) 641.8K +291.6K (+83.3%) 0.02% +0.011 pp 0.16% -0.087 pp USD25.26 -11.4% 2 qtrs
67 ALLIANCEBERNSTEIN L.P. 28.7K +28.7K (+100.0%) 641.3K +641.3K (+100.0%) 0.02% +0.019 pp 0.00% +0.000 pp USD22.37 +0.0% 1 qtrs NEW
68 DEUTSCHE BANK AG\ 25.7K -10.7K (-29.4%) 574.6K -491.7K (-46.1%) 0.02% -0.007 pp 0.00% 0.000 pp USD29.32 -23.7% 2 qtrs
69 NUVEEN, LLC 25.4K +25.4K (+100.0%) 568.2K +568.2K (+100.0%) 0.02% +0.017 pp 0.00% +0.000 pp USD22.37 +0.0% 1 qtrs NEW
70 MYDA ADVISORS LLC 25.0K +25.0K (+100.0%) 559.3K +559.3K (+100.0%) 0.02% +0.017 pp 0.11% +0.107 pp USD22.37 +0.0% 1 qtrs NEW
71 RHUMBLINE ADVISERS 23.9K +23.9K (+100.0%) 535.1K +535.1K (+100.0%) 0.02% +0.016 pp 0.00% +0.000 pp USD22.37 +0.0% 1 qtrs NEW
72 RENAISSANCE TECHNOLOGIES LLC 23.5K +23.5K (+100.0%) 525.7K +525.7K (+100.0%) 0.02% +0.016 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
73 POLYMER CAPITAL MANAGEMENT (US) LLC 22.5K +— (+0.0%) 503.3K -156.4K (-23.7%) 0.02% +0.000 pp 0.05% -0.017 pp USD29.32 -23.7% 2 qtrs
74 20.0K +20.0K (+100.0%) 447.4K +447.4K (+100.0%) 0.01% +0.014 pp 0.32% +0.317 pp USD22.37 +0.0% 1 qtrs NEW
75 CAPTION MANAGEMENT, LLC 18.8K +18.8K (+100.0%) 420.6K +420.6K (+100.0%) 0.01% +0.013 pp 0.00% +0.003 pp USD22.37 +0.0% 1 qtrs NEW
76 SIMPLEX TRADING, LLC 17.5K -26.9K (-60.5%) 392.2K -908.8K (-69.9%) 0.01% -0.018 pp 0.00% 0.000 pp USD29.32 -23.7% 2 qtrs
77 VIRTU FINANCIAL LLC 14.8K +7.6K (+104.0%) 332.0K +119.0K (+55.9%) 0.01% +0.005 pp 0.01% +0.001 pp USD25.78 -13.2% 2 qtrs
78 CERITY PARTNERS LLC 14.2K +3.5K (+32.4%) 316.9K +3.1K (+1.0%) 0.01% +0.002 pp 0.00% +0.000 pp USD27.62 -19.0% 2 qtrs
79 METLIFE INVESTMENT MANAGEMENT, LLC 12.3K +12.3K (+100.0%) 275.9K +275.9K (+100.0%) 0.01% +0.008 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
80 ROYAL BANK OF CANADA 11.9K -229.7K (-95.1%) 265.0K -6.8M (-96.3%) 0.01% -0.155 pp 0.00% -0.001 pp USD29.32 -23.7% 2 qtrs
81 TOWER RESEARCH CAPITAL LLC (TRC) 11.2K +10.2K (+1,030.8%) 251.4K +222.3K (+762.7%) 0.01% +0.007 pp 0.01% +0.005 pp USD22.98 -2.7% 2 qtrs
82 FIFTH LANE CAPITAL, LP 11.2K +11.2K (+100.0%) 249.4K +249.4K (+100.0%) 0.01% +0.008 pp 0.19% +0.189 pp USD22.37 +0.0% 1 qtrs NEW
83 RESOLUTE ADVISORS LLC 10.7K +10.7K (+100.0%) 239.4K +239.4K (+100.0%) 0.01% +0.007 pp 0.08% +0.078 pp USD22.37 +0.0% 1 qtrs NEW
84 KINGSVIEW WEALTH MANAGEMENT, LLC 10.7K +10.7K (+100.0%) 238.9K +238.9K (+100.0%) 0.01% +0.007 pp 0.00% +0.003 pp USD22.37 +0.0% 1 qtrs NEW
85 J. SAFRA SARASIN HOLDING AG 10.2K +10.2K (+100.0%) 228.0K +228.0K (+100.0%) 0.01% +0.007 pp 0.00% +0.004 pp USD22.37 +0.0% 1 qtrs NEW
86 CANAL INSURANCE CO 10.0K +— (+0.0%) 224.0K -69.0K (-23.5%) 0.01% +0.000 pp 0.05% -0.008 pp USD29.32 -23.7% 2 qtrs
87 HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. 10.0K +— (+0.0%) 224.0K -69.0K (-23.5%) 0.01% +0.000 pp 0.00% -0.001 pp USD29.32 -23.7% 2 qtrs
88 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 10.0K +10.0K (+100.0%) 223.6K +223.6K (+100.0%) 0.01% +0.007 pp 0.00% +0.000 pp USD22.37 +0.0% 1 qtrs NEW
89 WALLEYE CAPITAL LLC 9.9K +9.9K (+100.0%) 221.5K +221.5K (+100.0%) 0.01% +0.007 pp 0.00% +0.001 pp USD22.37 +0.0% 1 qtrs NEW
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
1
Sells
0
Shares acquired
10.4K
Shares disposed
Cash buys
Cash sales
Net activity
+10,423
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-17 Wheeler David Leigh Officer M-Exempt D Employee Stock Option (right to buy) 3,766 2.31 8.7K 299,757 D
2026-04-08 Wu Remington Officer A-Award A Common Stock 10,423 0.00 40,423 D
2026-03-23 Boland Ryan Michael Director J-Other A Common Stock 122,860 0.00 122,860 I
2026-03-19 Kim Jesung Director / Officer A-Award A Common Stock 52,836 0.00 941,725 D
2026-03-10 Wheeler David Leigh Officer A-Award A Common Stock 25,044 0.00 142,758 D
2026-03-10 Sanchez Ramon Gilbert Officer A-Award A Common Stock 18,493 0.00 118,493 D
2026-03-10 Ma Darren Officer A-Award A Common Stock 26,629 0.00 260,943 D
2026-03-10 Ferring Russell Shea Officer A-Award A Common Stock 15,756 0.00 542,124 D
2026-02-25 Zurbuchen Thomas Hansueli Director A-Award A Common Stock 3,334 0.00 4,134 D
2026-02-25 Weiser Marc Allen Director A-Award A Common Stock 3,334 0.00 3,334 D
2026-02-25 McAllister Kevin G Director A-Award A Common Stock 3,334 0.00 3,334 D
2026-02-25 Lusczakoski Jonathan Donald Director A-Award A Common Stock 3,334 0.00 5,556 D
2026-02-25 Konert Kirk Michael Director A-Award A Common Stock 3,334 0.00 6,667 D
2026-02-25 Emerson Christopher Plummer IV Director A-Award A Common Stock 3,334 0.00 3,334 D
2026-02-25 Braden Pamela Joyce Director A-Award A Common Stock 3,334 0.00 27,586 D
2026-02-25 Boland Ryan Michael Director A-Award A Common Stock 3,334 0.00 3,334 D
2025-12-22 Sanchez Ramon Gilbert Officer A-Award A Common Stock 100,000 0.00 100,000 D
2025-09-24 Wu Remington Officer A-Award A Common Stock 30,000 0.00 30,000 D
2025-09-24 Wheeler David Leigh Officer A-Award A Common Stock 55,556 0.00 117,714 D
2025-09-24 Ma Darren Officer A-Award A Common Stock 222,222 0.00 233,546 D
2025-09-24 Kim Jesung Director / Officer A-Award A Common Stock 888,889 0.00 888,889 D
2025-09-24 Ferring Russell Shea Officer A-Award A Common Stock 216,667 0.00 526,368 D
2025-09-24 Fermon Daniel Frank Officer A-Award A Common Stock 88,889 0.00 88,889 D
2025-08-24 Ma Darren Officer A-Award A Common Stock 768 0.00 234,314 D

Executive team

Top executives
EBIT / Employee
-316.1K
Shares Outstanding
160.11M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Jason Kim Chief Executive Officer 488.5K 500.0K 36.05M 1.13M 42.9K 38.22M 97.30%
2 2025 Darren Ma Chief Financial Officer 408.3K 252.0K 9.05M 1.61M 3.4K 11.33M 94.14%
3 2025 Ramon Sanchez Chief Operating Officer 13.1K 175.0K 11.12M 1.6K 11.31M 98.32%
4 2024 Jason Kim Chief Executive Officer 115.4K 250.0K 1.78M 100.3K 2.24M 79.25%
5 2024 Darren Ma Chief Financial Officer 383.8K 16.3K 175.0K 6.1K 581.2K 2.80%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-17 DEFA14A
2026-04-17 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-04 8-K
2026-05-04 424B3
2026-05-04 10-Q
2026-04-21 8-K
2026-04-21 424B3
2026-04-20 4
2026-04-17 DEFA14A
2026-04-17 DEF 14A
2026-04-17 ARS
2026-04-10 4

Executive team

NameTitleCompensationGender
Jason Kim Chief Executive Officer & Director 1M male
Darren Ma Chief Financial Officer 663.7K male
Ramon Sanchez Chief Operating Officer 663.1K male
Michael Sheetz Director of IR
Olga Bai Chief of Staff female
Remington Wu Chief Accounting Officer
Russel Shea Ferring Chief Technology Officer male
Trina Patterson Vice President of Marketing & Communications female
Brad Warezak Chief Information Officer male
Will Coogan Chief Engineer of Blue Ghost male
David Leigh Wheeler Senior VP & General Counsel male
John Termotto Chief People Officer male
ESG Rating
B
AEROSPACE & DEFENSE
2026
E (Environmental)
49.5 / 65.3
Company / Sector avg.
S (Social)
50.8 / 68.6
Company / Sector avg.
G (Governance)
68.0 / 66.8
Company / Sector avg.
ESG Total
56.1 / 66.9
Company / Sector avg.
ESG Score History AEROSPACE & DEFENSE
Benchmark vs Sector
Senate Trading Activity
Transaction Date Disclosed Senator State Owner Type Amount Link
2014-05-07 2014-05-16 Susan M. Collins ME Spouse Sale (Full) $1,001 - $15,000
House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
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Dividend history

Earnings history

Earnings reports

Stock splits