This page shows Starfighters Space Inc (FJET) financial statements, including the 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).
External financing rather than operations is driving FJET’s balance-sheet reset, while cash burn still shapes the business model.
Between FY2024 and FY2025, total assets rose from$10.3M to$28.4M as total liabilities fell from$16.2M to$3.5M , but that cleaner balance sheet came from$26.1M of financing cash flow rather than internal cash generation. FY2025 still used$8.2M in operating cash and$20.3M in investing cash, so the company became better capitalized even while the underlying business remained cash negative.
The jump to a 6.6x current ratio signals far less short-term balance-sheet pressure than FY2024. Yet year-end cash was only
Because capital spending was just
Financial Health Signals
We are recalculating Starfighters Space Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Starfighters Space Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Starfighters Space Inc generates $0.50 in operating cash flow (-$8.2M OCF vs -$16.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Starfighters Space Inc reported -$16.5M in net income in fiscal year 2025. This represents a decrease of 109.2% from the prior year.
Starfighters Space Inc earned $-0.76 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 65.2% from the prior year.
Cash & Balance Sheet
Starfighters Space Inc generated -$8.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 116.8% from the prior year.
Starfighters Space Inc held $4.6M in cash against $0 in long-term debt as of fiscal year 2025.
Starfighters Space Inc had 44M shares outstanding in fiscal year 2025. This represents an increase of 129.2% from the prior year.
Margins & Returns
Starfighters Space Inc's ROE was -66.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Starfighters Space Inc invested $1.0M in research and development in fiscal year 2025.
Starfighters Space Inc invested $151K in capex in fiscal year 2025, funding long-term assets and infrastructure.
FJET Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $83K | N/A | $194K-24.0% | $255K | N/A | $0 |
| SG&A Expenses | $47K | N/A | $65K-17.2% | $78K | N/A | $54K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $0 | N/A | $154K+29.9% | $118K | N/A | $72K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$4.3M | N/A | -$2.0M+22.7% | -$2.7M | N/A | -$2.4M |
| EPS (Diluted) | $-0.10 | N/A | $-0.09+30.8% | $-0.13 | N/A | $-0.15 |
FJET Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|
| Total Assets | $26.3M-7.2% | $28.4M+132.0% | $12.2M | N/A | $10.3M | N/A |
| Current Assets | $18.2M-9.6% | $20.1M+352.5% | $4.5M | N/A | $8.4M | N/A |
| Cash & Equivalents | $1.4M-69.4% | $4.6M+73.2% | $2.6M-33.1% | $4.0M-43.9% | $7.1M+85.7% | $3.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.9M+12.2% | $3.5M-80.3% | $17.7M | N/A | $16.2M | N/A |
| Current Liabilities | $3.5M+14.5% | $3.1M-82.7% | $17.6M | N/A | $16.0M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $22.4M-9.9% | $24.9M+553.1% | -$5.5M-20.8% | -$4.5M+22.8% | -$5.9M+47.9% | -$11.3M |
| Retained Earnings | -$37.7M-12.8% | -$33.4M-44.4% | -$23.1M | N/A | -$16.9M | N/A |
FJET Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M-22.5% | -$3.2M | N/A | -$1.7M+10.2% | -$1.9M | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $1.5M+110.3% | -$14.2M | N/A | -$5.3M-340.4% | -$1.2M | N/A |
| Financing Cash Flow | $0-100.0% | $19.4M | N/A | $3.9M-39.2% | $6.4M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
FJET Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -19.0% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -16.2% | N/A | -16.8% | N/A | N/A | N/A |
| Current Ratio | 5.21-1.4 | 6.60+6.3 | 0.25 | N/A | 0.52 | N/A |
| Debt-to-Equity | 0.17+0.0 | 0.14+3.4 | -3.23 | N/A | -2.75 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
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 return on equity (ROE)?
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.
What is Starfighters Space Inc's free cash flow?
Starfighters Space Inc (FJET) generated -$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.
What is Starfighters Space Inc's operating cash flow?
Starfighters Space Inc (FJET) generated -$8.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Starfighters Space Inc's total assets?
Starfighters Space Inc (FJET) had $28.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Starfighters Space Inc's capital expenditures?
Starfighters Space Inc (FJET) invested $151K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Starfighters Space Inc spend on research and development?
Starfighters Space Inc (FJET) invested $1.0M in research and development during fiscal year 2025.
What is Starfighters Space Inc's current ratio?
Starfighters Space Inc (FJET) had a current ratio of 6.60 as of fiscal year 2025, which is generally considered healthy.
What is Starfighters Space Inc's debt-to-equity ratio?
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.
What is Starfighters Space Inc's return on assets (ROA)?
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.
What is Starfighters Space Inc's cash runway?
Based on fiscal year 2025 data, Starfighters Space Inc (FJET) had $4.6M in cash against an annual operating cash burn of $8.2M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Starfighters Space Inc's Piotroski F-Score?
Starfighters Space Inc (FJET) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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.
Are Starfighters Space Inc's earnings high quality?
Starfighters Space Inc (FJET) has an earnings quality ratio of 0.50x, considered low quality (accrual-driven). 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.