Get started

Financials · SPCE

Virgin Galactic Holdings Inc. (SPCE) financials

For the twelve months ended Jun 30, 2026, Virgin Galactic Holdings Inc. reported $1.04M of revenue and -$247.74M of net income.

Revenue, TTM
$1.04M
Revenue growth, YoY
-38.9%
Net income, TTM
-$247.74M
Net margin
-23867.4%
Free cash flow, TTM
-$386.46M
Cash
$187.34M
Total debt
$219.04M
P/S
403.70
Market cap
$419.0M
Annual revenue$1.54M
FY2017FY2025
Annual net income-$278.91M
FY2017FY2025
Annual free cash flow-$438.19M
FY2017FY2025

SPCE revenue and earnings growth

SPCE revenueQ2 2026$134.0K

Quarter YoY
-67.0%
QoQ
-41.0%
FY YoY
-78.1%
5Y CAGR
+45.3%

SPCE revenue was $134.0K in fiscal Q2 2026 (ended Jun 30, 2026), down 67.0% from a year earlier and down 41.0% from the prior quarter. For the full fiscal 2025 it was $1.54M, down 78.1% from fiscal 2024. Compound annual growth was +45.3% over 5 years. It rose in 5 of the last 8 fiscal years.

SPCE net incomeQ2 2026-$55.89M

SPCE net income was -$55.89M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$67.28M a year earlier. For the full fiscal 2025 it was -$278.91M, compared with -$346.74M in fiscal 2024.

SPCE EPSQ2 2026-$0.50

SPCE diluted EPS was -$0.50 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$5.44.

SPCE free cash flowQ2 2026-$90.74M

SPCE free cash flow was -$90.74M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$113.81M a year earlier. For the full fiscal 2025 it was -$438.19M, compared with -$474.56M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$1.54M$7.04M$6.80M$2.31M$3.29M$238.0K$3.78M$2.85M$1.75M
Cost of revenue$72.77M$90.02M$50.54M$1.91M$272.0K$173.0K$2.00M$1.20M$488.0K
Gross profit-$71.22M-$82.99M-$43.74M$406.0K$3.02M$65.0K$1.78M$1.65M$1.27M
Research and development$80.47M$152.68M$295.14M$314.17M$144.22M$154.37M$132.87M$117.93M$93.08M
Selling, general and admin$117.17M$125.50M$174.86M$175.12M$166.81M$111.20M$82.17M$50.90M$46.89M
Operating income-$285.34M-$376.63M-$531.51M-$499.98M-$319.54M-$275.28M-$213.26M-$167.19M-$138.71M
Interest expense$12.78M$12.93M$12.87M$12.13M$25.0K$36.0K$36.0K$10.0K$21.0K
Pre-tax income-$278.86M-$346.67M-$501.88M-$499.55M-$352.82M-$644.88M-$215.05M-$137.99M-$138.03M
Income tax$52.0K$74.0K$453.0K$598.0K$79.0K$6.0K$62.0K$147.0K$155.0K
Net income-$278.91M-$346.74M-$502.34M-$500.15M-$352.90M-$644.89M-$215.12M-$138.14M-$138.19M
EPS, basic-$5.44-$13.89-$29.79-$37.80-$28.60-$58.80-$22.20-$14.20-$14.20
EPS, diluted-$5.44-$13.89-$29.79-$37.80-$28.60-$58.80-$22.20-$14.20-$14.20
Diluted shares51.2M25.0M16.9M13.2M12.4M11.0M9.7M9.7M9.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$144.73M$210.88M$253.59M$342.63M$524.48M$678.96M$492.72M$81.37M$81.07M
Short-term investments$162.31M$384.62M$657.24M$606.72M$79.42M$0-$704.25M$691.94M
Receivables-----$470.0K$461.0K$1.28M-
Inventory--$16.30M$24.04M$29.67M$30.48M$31.86M$23.29M-
Current assets$372.90M$627.94M$950.83M$1.00B$678.59M$727.93M$541.71M$119.10M$1.63M
Total assets$803.18M$961.23M$1.18B$1.14B$1.07B$803.99M$605.55M$156.04M$693.57M
Current liabilities$209.32M$150.01M$185.66M$184.05M$131.52M$115.02M$115.84M$106.32M$356.5K
Short-term debt$47.83M$0--$310.0K$310.0K$0--
Long-term debt$276.36M$420.12M--$0$310.0K$0--
Total debt$324.19M$420.12M--$310.0K$620.0K$0--
Total liabilities$529.22M$638.95M$674.04M$659.72M$174.57M$276.91M$262.32M$114.48M$24.51M
Shareholders' equity$273.96M$322.28M$505.48M$480.22M$894.26M$527.08M$343.23M$41.56M$23.07M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow-$240.14M-$352.70M-$448.19M-$380.24M-$230.76M-$233.16M-$209.11M-$145.70M-$136.68M
Capital expenditures$198.04M$121.86M$44.31M$16.49M$4.63M$17.20M$13.86M$10.59M$5.60M
Free cash flow-$438.19M-$474.56M-$492.50M-$396.73M-$235.40M-$250.36M-$222.97M-$156.29M-$142.27M
Investing cash flow$90.84M$175.66M-$116.27M-$286.17M-$387.52M-$17.20M-$13.86M-$10.59M-$5.60M
Financing cash flow$114.13M$134.34M$475.43M$459.00M$489.36M$436.59M$634.32M$156.59M$137.87M
Stock-based compensation$18.70M$29.75M$44.26M$45.71M$61.80M$30.32M$2.54M$0$0
Depreciation and amortization$16.48M$15.47M$13.37M$11.10M$11.52M$9.78M$7.00M$5.81M$5.15M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY-78.1%3.5%194.1%-29.8%1283.2%-93.7%32.7%62.4%-
Gross margin-4613.0%-1179.5%-643.2%17.6%91.7%27.3%47.0%57.8%72.2%
Operating margin-18480.8%-5352.9%-7816.3%-21625.6%-9706.4%-115665.5%-5640.4%-5868.2%-7907.9%
Net margin-18063.9%-4928.1%-7387.3%-21632.9%-10719.9%-270960.9%-5689.4%-4848.7%-7878.4%
Free cash flow margin-28380.0%-6744.7%-7242.7%-17159.6%-7150.6%-105193.3%-5897.0%-5485.9%-8111.3%
Return on equity-101.8%-107.6%-99.4%-104.1%-39.5%-122.4%-62.7%-332.4%-599.1%
Return on assets-34.7%-36.1%-42.6%-43.9%-33.0%-80.2%-35.5%-88.5%-19.9%
Current ratio1.784.195.125.445.166.334.681.124.56
Debt to equity1.181.30--0.000.000.00--

Source: XBRL data Virgin Galactic Holdings Inc. files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-20, first reported Aug 7, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SPCE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SPCE$1.04M-38.9%-$247.74M-23867.4%$419.0M
BKNG$28.13B+8.0%$7.18B25.5%$119.49B
EXPE$16.23B+12.9%$2.11B13.0%$29.68B
XPO$8.84B+9.5%$503.00M5.7%$20.62B
GATX$2.21B+29.7%$391.10M17.7%$6.38B
GXO$13.84B+7.1%$136.00M1.0%$6.24B
HAFN$2.28B-20.5%$339.68M14.9%$5.02B
MMYT$1.04B+6.7%$51.80M5.0%$4.81B
RXO$6.54B+10.1%-$88.00M-1.3%$4.55B

SPCE FAQ

8 questions
  • What is SPCE revenue?
    Virgin Galactic Holdings Inc. (SPCE) reported $1.04M of revenue for the twelve months ended Jun 30, 2026. That is down 38.9% from the year before. Revenue for fiscal 2025 was $1.54M.
  • Is SPCE profitable?
    No. Virgin Galactic Holdings Inc. reported a net loss of $247.74M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does SPCE have?
    Virgin Galactic Holdings Inc. reported $187.34M in cash and cash equivalents and $219.04M of debt on its most recent balance sheet in SEC filings.
  • How fast is SPCE revenue growing?
    Virgin Galactic Holdings Inc.'s revenue changed -78.1% in fiscal 2025, to $1.54M. Its compound annual growth rate was +45.3% over 5 years.
  • What is SPCE gross margin?
    Virgin Galactic Holdings Inc.'s gross profit was -$94.52M on $1.04M of revenue for the twelve months ended Jun 30, 2026, a gross margin of -9106.1%.
  • What is SPCE free cash flow?
    Virgin Galactic Holdings Inc. generated -$386.46M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$212.45M less capital expenditures.
  • When did SPCE last report financial results?
    The latest statements here come from Virgin Galactic Holdings Inc.'s 10-Q filed on Aug 12, 2026, covering the period ended Jun 30, 2026.
  • Where does this SPCE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Virgin Galactic Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.