FJET Starfighters Space, Inc.

Overview and Growth

In fiscal 2025, Starfighters Space, Inc. recorded $0.00 of revenue, net loss of $16.54M, and an operating cash outflow of $8.23M. On a per-share basis, diluted EPS was -$0.76, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 21.66M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 26.0% higher than fiscal 2024, when diluted shares averaged 17.18M, adding context to the EPS comparison. The company employed $28.39M of total assets, the balance-sheet base supporting its current operating and cash-flow results.

Profitability

After all below-operating-line items, the company recorded a net loss of $16.54M for the fiscal year. Before income taxes, the company recorded a loss of $16.54M, bridging the operating result to the final net loss. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. Relative to period-end equity, the net loss represented 66.4%. The loss-to-assets relationship was 58.3%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $7.91M in fiscal 2024 to $16.54M.

Liquidity and Capital Structure

The company held $28.39M of assets against $3.49M of liabilities and $24.90M of equity, revealing how the asset base was financed. Current assets were $20.14M against $3.05M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 6.6x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $4.58M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 150.1% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 87.7%, placing book capital against the total resource base. The liabilities-to-assets relationship was 12.3%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 16.1%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 175.6% from $10.30M in fiscal 2024, leaving current total assets higher year over year. Compared with $7.05M in fiscal 2024, the current cash balance moved 35.0% and finished lower.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $8.23M, rather than cash generation from operations. The company spent $150.76K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $8.38M cash deficit after capital spending. Relative to total assets, the post-investment cash deficit measured 29.5%. Compared with a $3.86M operating cash outflow in fiscal 2024, the current outflow increased to $8.23M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.