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Starfighters Space, Inc. (FJET) Financials

FJET
FY2025 annual
Revenue $0 YoY not available
Net Income -$16.5M -109.2% YoY
EPS (Diluted) -$0.76 YoY not available
Free Cash Flow -$8.4M -116.8% YoY
Market Cap $61.0M as of Oct 17, 2026
Price / Sales n/m revenue is not positive, FY2025
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 2.1x on $29.8M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the S-1/A for Q2 FY2026, filed Aug 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FJET SEC filings page.

Starfighters Space, Inc. (FJET) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FJET FY2025

The latest statements show a loss-making business funded by new capital, with short-term liquidity improving while operations still consume cash.

Total liabilities fell from $16.2M in FY2024 to $3.5M in FY2025, while equity moved from negative to positive, indicating a capital-driven balance-sheet reset rather than improvement produced by operating earnings. That interpretation is reinforced by financing cash flow of $26.1M alongside operating cash flow of -$8.2M: outside funding, not internal cash generation, financed the balance-sheet change.

The net loss more than doubled to $16.5M in FY2025, while operating cash flow was -$8.2M; the accounting loss exceeded the immediate cash outflow, but the business still did not fund itself. Free cash flow of -$8.4M stayed close to operating cash flow, showing that investment spending was not the main source of cash consumption.

The current ratio rose from 0.5 to 6.6, changing short-term liquidity from tight to substantially better positioned. R&D appeared at $1.0M in FY2025, while return on assets was -58.3%, indicating that the enlarged asset base was not yet producing accounting returns.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Starfighters Space, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/7

Starfighters Space, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing
N/A

Starfighters Space, Inc. reported a net loss of $16.5M while operations used $8.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

EBITDA
-$11.5M
YoY-429.4%

Starfighters Space, Inc.'s EBITDA was -$11.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 429.4% from the same quarter a year earlier.

Net Income
-$11.5M
YoY-492.3%
QoQ-168.4%

Starfighters Space, Inc. reported -$11.5M in net income in Q2 2026. This represents a decrease of 492.3% from the same quarter a year earlier. Against the prior quarter it is down 168.4%.

EPS (Diluted)
-$0.24
QoQ-140.0%

Starfighters Space, Inc. earned -$0.24 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 140.0%.

Revenue

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$1.5M
YoY-61.4%
QoQ+3.6%

Starfighters Space, Inc. held $1.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
55M
QoQ+24.5%

Starfighters Space, Inc. had 55M shares outstanding in Q2 2026. Against the prior quarter it is up 24.5%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity
-38.5%
QoQ-19.4pp

Starfighters Space, Inc.'s ROE was -38.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 19.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending
$2K
YoY-99.0%
QoQ-97.7%

Starfighters Space, Inc. invested $2K in research and development in Q2 2026. This represents a decrease of 99.0% from the same quarter a year earlier. Against the prior quarter it is down 97.7%.

Share Buybacks

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

FJET Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FJET quarterly income statement
MetricQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'2510-QQ2'25S-1/AQ1'25S-1/AQ4'24S-1/AQ3'2410-Q
RevenueN/A$0N/AN/AN/A$0N/AN/A
R&D Expenses$2K-99.0%$83K-67.4%N/A$194K$187K$255KN/A$0
SG&A Expenses$6.4M+223.9%$47K-39.4%N/A$65K+18.8%$2.0M$78KN/A$54K
Operating Income-$11.6M-432.8%N/AN/AN/A-$2.2MN/AN/AN/A
EBITDA-$11.5M-429.4%N/AN/AN/A-$2.2MN/AN/AN/A
Interest Expense$0-100.0%$0-100.0%N/A$154K+115.0%$152K$118KN/A$72K
Net Income-$11.5M-492.3%-$4.3M-60.9%N/A-$2.0M+15.8%-$1.9M-$2.7MN/A-$2.4M
EPS (Basic)-$0.24-166.7%-$0.10+23.1%-$0.46-1433.3%-$0.09+40.0%-$0.09-$0.13-$0.03-$0.15
EPS (Diluted)-$0.24-$0.10-$0.46-$0.09+40.0%-$0.09-$0.13-$0.03-$0.15
Diluted Shares (Avg)47M44MN/A22M+29.2%21M20MN/A17M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Income Tax.

FJET Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FJET quarterly balance sheet
MetricQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'2510-QQ2'25S-1/AQ1'25S-1/AQ4'24S-1/AQ3'2410-Q
Total Assets$32.5M$26.3M+108.4%$28.4M+175.6%$12.2MN/A$12.6M$10.3MN/A
Current Assets$28.1M$18.2M$20.1M+141.2%$4.5MN/AN/A$8.4MN/A
Cash & Equivalents$1.5M-61.4%$1.4M-64.6%$4.6M-35.0%$2.6M-30.3%$3.8M$4.0M$7.1M$3.8M
Short-Term Investments$21.7M$13.2M$15.3M+1417.5%$1.1M$0$0$1.0M$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$2.8M$3.9M-77.2%$3.5M-78.5%$17.7MN/A$17.2M$16.2MN/A
Current Liabilities$2.4M$3.5M$3.1M-81.0%$17.6MN/AN/A$16.0MN/A
Non-Current Liabilities$402K$419K$434K+167.8%$89KN/AN/A$162KN/A
Total Equity$29.8M+855.5%$22.4M+593.1%$24.9M+522.7%-$5.5M+51.4%-$3.9M-$4.5M-$5.9M-$11.3M
Retained Earnings-$49.2M-$37.7M-$33.4M-98.0%-$23.1MN/AN/A-$16.9MN/A

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

FJET Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FJET quarterly cash flow statement
MetricQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'2510-QQ2'25S-1/AQ1'25S-1/AQ4'24S-1/AQ3'2410-Q
Operating Cash Flow-$6.1M-235.2%-$4.0M-137.4%-$3.2M-73.9%-$1.5M-$1.8M-$1.7M-$1.9MN/A
Depreciation & Amortization$99K+1855.6%$89K+1643.9%$21K+263.7%$5K-12.7%$5K$5K$6K$6K
Stock-Based Compensation$2.7M$1.8MN/AN/AN/A$0N/AN/A
Investing Cash Flow-$8.3M-715.9%$1.5M+127.8%-$14.2M-1083.2%$251K-$1.0M-$5.3M-$1.2MN/A
Financing Cash Flow$14.7M+454.8%$0-100.0%$19.4M+204.7%$134K$2.7M$3.9M$6.4MN/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

FJET Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FJET quarterly financial ratios
MetricQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'2510-QQ2'25S-1/AQ1'25S-1/AQ4'24S-1/AQ3'2410-Q
Return on Equity-38.5%-19.0%N/AN/AN/AN/AN/AN/A
Return on Assets-35.2%-16.2%+4.8ppN/A-16.8%N/A-21.0%N/AN/A
Current Ratio11.945.216.60+6.1x0.25N/AN/A0.52N/A
Debt-to-Equity0.090.170.14N/AN/AN/AN/AN/A
Asset TurnoverN/A0.000.0xN/AN/AN/A0.00N/AN/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Frequently Asked Questions

What is Starfighters Space, Inc.'s annual revenue?

Starfighters Space, Inc. (FJET) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Starfighters Space, Inc. profitable?

No, Starfighters Space, Inc. (FJET) reported a net income of -$16.5M in fiscal year 2025.

What is Starfighters Space, Inc.'s earnings per share (EPS)?

Starfighters Space, Inc. (FJET) reported diluted earnings per share of -$0.76 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Starfighters Space, Inc. (FJET) has a return on equity of -66.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Starfighters Space, Inc. (FJET) recorded an outflow of $8.4M in free cash flow during fiscal year 2025. This represents a -116.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Starfighters Space, Inc. (FJET) recorded an outflow of $8.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Starfighters Space, Inc. (FJET) had $28.4M in total assets as of fiscal year 2025, including both current and long-term assets.

Starfighters Space, Inc. (FJET) invested $151K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Starfighters Space, Inc. (FJET) invested $1.0M in research and development during fiscal year 2025.

Starfighters Space, Inc. (FJET) had 44M shares outstanding as of fiscal year 2025.

Starfighters Space, Inc. (FJET) had a current ratio of 6.60 as of fiscal year 2025, which is generally considered healthy.

Starfighters Space, Inc. (FJET) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Starfighters Space, Inc. (FJET) had a return on assets of -58.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Starfighters Space, Inc. (FJET) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $61.0M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Starfighters Space, Inc. (FJET) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $61.0M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2025, Starfighters Space, Inc. (FJET) held $19.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.2M over that year. Dividing the one by the other, the reported balance equals about 29 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Starfighters Space, Inc. (FJET) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Starfighters Space, Inc. (FJET) reported a net loss of $16.5M while operations used $8.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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