Positive context积极背景
Stocks股票 / Industrials / FLY
Firefly Aerospace Inc · Industrials
FLY US listed · USD美股 · 美元
Industrials
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$22.85
-$0.30 · -1.30%
52w low52周低 $15.52high高 $61.49
Neutral — no clear edge中性 — 无明显优势
A normal mid-cycle dip below the 10-day average — the real cycle low isn't due for ~12+ trading days. Wait for support to hold, or for the next low to set up.这是跌破 10 日均线的正常周期中段回调——真正的周期低点要到约 12+ 个交易日后才会到来。等待支撑站稳，或等下一个低点构筑成形。
As of 2026-10-04截至 2026-10-04
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
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Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-10-04
Momentum (RSI 14)动量（RSI 14）
51
Neutral zone中性区域
vs 50-day average相对50日均线
+0.9% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
-17.9% below下方
Long trend down长期向下
Volatility波动率
11th percentile第11百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-1138
Beat expectations 4 quarters in a row连续 4 季度超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 16.6%
Financials财务数据
fiscal years财年Revenue营业收入
$159.9M2025
20252025
Earnings per share每股收益
$-4.832025
20252025
Free cash flow自由现金流
-$237.8M2025
20252025
Gross margin毛利率
19.2%
Operating margin营业利润率
-163.1%
Net margin净利率
-186.6%
FCF margin自由现金流利润率
-128.2%
Clean稳健
Leverage杠杆
Current ratio流动比率4.51
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $7.2M due — about 3% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $7.2M，约占其披露本金的 3%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$7.2M
Year 2第2年
$6.9M
Year 3第3年
$267.1M
Year 4第4年
$5.1M
Year 5第5年
$1.9M
After year 55年以后
$663.0K
Cash reported at 2025-12-31: $792966000.截至 2025-12-31 披露的现金：$792966000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 40.0 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 40.0 个月。此情景不包括债务偿还与未来融资。
Cash reported at 2025-12-31 covers 11030% of issuer-reported principal in the 12-month bucket following that fiscal period end.截至 2025-12-31 披露的现金可覆盖该财年期末之后12个月区间内发行人已披露到期本金的 11030%。
Cash shortfall against that reported principal: $0相对该已披露本金的现金缺口：$0。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001193125-26-116309, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-25T08:19:19.143347+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001193125-26-116309 · Filed提交日期 2026-03-20.
Cache acquired缓存获取时间: 2026-09-25T08:19:19.143347+00:00 · Evaluated as of评估截至 2026-10-04.
- Reported operating cash flow已披露经营活动现金流: $-204924000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $32826000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-237750000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Space Economy theme — #21 of 49 themes「太空经济」主题 — 49 个主题中第 21 位
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
Signal: BOTTOMING信号：筑底中
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±5.19%
Expected weekly move预期周波动
±11.61%
Gamma flip伽玛翻转位
$21
25d risk reversal25d风险逆转
13.0%
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$384.3M net (0 buyers, 2 sellers)-$384.3M 净值（0 买家，2 卖家）
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Polen Capital Management | C | exitexit | 0.0% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
Now: NEARING A LOW当前：接近低点
GET READY. Mixed structure. Last cycle was left-translated (topped early) — a bearish structural tell准备。结构混合。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Oct 2, 2026
Signal: BOTTOMING信号：筑底中
BUY SETUP买入预备
Sep 30, 2026
Signal: BOTTOMING信号：筑底中
BUY SETUP买入预备
Sep 29, 2026
Signal: NEARING A HIGH信号：接近高点
TAKE PROFITS止盈
Sep 28, 2026
Signal: BOTTOMING信号：筑底中
BUY SETUP买入预备
Sep 25, 2026
Signal: BOTTOMING信号：筑底中
BUY SETUP买入预备
Sep 24, 2026
Signal: BOTTOMING信号：筑底中
BUY SETUP买入预备
Sep 21, 2026
Signal: BOTTOMING信号：筑底中
BUY SETUP买入预备
Showing the last 15 of显示最近15条，共 111 signals条信号
Company profile公司档案
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
15/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
32/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
23/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
80/100 — stronger than most强于多数
Rank in sector行业内排名
#116 / 263
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -1.0% | -0.4% |
| 1 Month近1月 | +10.5% | +0.5% |
| 3 Months近3月 | -20.9% | +2.8% |
| 6 Months近6月 | -30.6% | +17.1% |
| Year to date年初至今 | -3.8% | +12.7% |
| 1 Year近1年 | -14.3% | +15.5% |
Trading information交易信息
Volatility rank波动率分位
11th pctile
EPS (trailing)每股收益
$-1.87
Off 52-week high距52周高点
-61.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20252025 | |
|---|---|
| Revenue营业收入 | $160M |
| EPS每股收益 | $-4.83 |
| Free cash flow自由现金流 | $-238M |
| Gross margin毛利率 | 19.2% |
| Net margin净利率 | -186.6% |
| FCF margin自由现金流利润率 | -148.7% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$160M
Gross profit毛利润
$31M
Net income净利润
$-298M
Operating cash flow经营现金流
$-205M
Total assets总资产
$1.8B
Shares outstanding总股本
0.16B
Returns & growth回报与增长
Return on assets资产回报率
-16.3%
Asset growth资产增速
+348.0%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Capital discipline: assets +348.0% (aggressive expansion)资本纪律：资产 +348.0%（扩张激进）
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
51
RSI (2-day)RSI（2日）
29
vs 20-day average相对20日均线
+3.2%
vs 50-day average相对50日均线
+0.9%
vs 200-day average相对200日均线
-17.9%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
CoiledCOILED
Days compressed已压缩天数
15
Range width percentile波幅宽度分位
5/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $-0.42 | $-0.50 | +16.0% |
| Mar 2026 | $-0.46 | $-0.50 | +8.0% |
| Dec 2025 | $-0.38 | $-0.48 | +20.8% |
| Sep 2025 | $-0.33 | $-0.42 | +21.4% |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$25
Put wall看跌期权墙
$22
Gamma flip伽玛翻转位
$21
Upside magnet上方磁吸位
$25
Downside magnet下方磁吸位
$20
Net dealer gamma做市商净伽玛
+$0.0B
Distance to flip距翻转位
+9.3%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
+13.0%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Polen Capital Management | C | Exited清仓 | 0.0% | $725,957 |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
0 : 1
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$384.3M
Insider buyers vs sellers内部人买家vs卖家
0 : 2
Recent fund flows近期基金流向
SPDR S&P Aerospace & DefenseSPDR S&P Aerospace & Defense
accumulating持续增持
VanEck SpaceVanEck Space
accumulating持续增持
Procure SpaceProcure Space
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。