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Firefly Aerospace10-Q: Customer concentration

Accounts receivable of $44.8M highlights potential customer concentration risk

What happened

The company's credit risk is primarily concentrated in its accounts receivable, which stood at $44.8 million as of March 31, 2026. The filing's underlying data tags specifically call out concentration risk with individual customers, indicating a dependency on a small number of key clients.

Source

SEC EDGARMay 4, 2026

Quarterly report (Form 10-Q)

Firefly Aerospace 10-Q

Filing excerpt

The maximum exposure to credit risk at the reporting date is primarily from accounts receivable, which amounted to $44.8 million and $46.1 million as of year ended March 31, 2026 and December 31, 2025, respectively.

sec.gov/Archives/edgar/data/1860160/000186016026000009/fly-20260331.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Customer concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 4, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$44.8M (accounts receivable)

Details

CIK
1860160
Accession number
0001860160-26-000009
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Diversification strategy
Signal category
Market

Extraction

Confidence
Medium
Relevance
80%
Sentiment
Negative
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
customerConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/bbeda68f-370c-4e3d-9c30-64e98c5b660d returns this record as JSON. POST /v1/companies/enrich returns every signal for fireflyspace.com.

{
  "signal_id": "bbeda68f-370c-4e3d-9c30-64e98c5b660d",
  "signal_type": "sec-10q",
  "signal_subtype": "customerConcentration",
  "detected_at": "2026-05-05T08:48:22.03+00:00",
  "company": {
    "name": "Firefly Aerospace",
    "domain": "fireflyspace.com"
  },
  "data": {
    "detail": "The company's credit risk is primarily concentrated in its accounts receivable, which stood at $44.8 million as of March 31, 2026. The filing's underlying data tags specifically call out concentration risk with individual customers, indicating a dependency on a small number of key clients.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "accounts receivable",
      "dollar_millions": 44.8
    },
    "summary": "Accounts receivable of $44.8M highlights potential customer concentration risk",
    "excerpts": "The maximum exposure to credit risk at the reporting date is primarily from accounts receivable, which amounted to $44.8 million and $46.1 million as of year ended March 31, 2026 and December 31, 2025, respectively.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "medium",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1860160/000186016026000009/fly-20260331.htm",
    "filing_date": "2026-05-04",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Diversification strategy",
    "signal_category": "market"
  }
}

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