SPCE · Virgin Galactic Holdings, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $227.0K | - | $365.0K | $406.0K | $461.0K | - | $402.0K | $4.22M | $1.99M | - |
| Cost of Revenue | $29.64M | - | $19.50M | $14.21M | $20.83M | - | $19.87M | $27.29M | $22.59M | - |
| Gross Profit | ($29.41M) | - | ($19.13M) | ($13.80M) | ($20.36M) | - | ($19.47M) | ($23.07M) | ($20.61M) | - |
| R&D | $6.71M | - | $14.95M | $20.12M | $33.31M | - | $23.94M | $41.53M | $58.97M | - |
| SG&A | $25.55M | - | $27.96M | $31.85M | $30.55M | - | $33.98M | $33.93M | $27.88M | - |
| Total Operating Expenses | $65.82M | - | $66.53M | $70.35M | $88.91M | - | $82.13M | $106.01M | $113.14M | - |
| D&A | $3.92M | - | $4.12M | $4.17M | $4.22M | - | $4.34M | $3.26M | $3.70M | - |
| Operating Income | ($65.59M) | - | ($66.17M) | ($69.94M) | ($88.45M) | - | ($81.73M) | ($101.79M) | ($111.16M) | - |
| Interest Expense | $1.83M | - | $3.25M | $3.25M | $3.23M | - | $3.23M | $3.23M | $3.23M | - |
| Income Tax | $30.0K | - | $0 | ($37.0K) | $48.0K | - | $105.0K | $34.0K | $80.0K | - |
| Net Income | ($64.72M) | - | ($64.42M) | ($67.28M) | ($84.49M) | - | ($74.54M) | ($93.78M) | ($102.01M) | - |
| EPS - Basic | ($0.81) | - | ($1.09) | ($1.47) | ($2.38) | - | ($2.66) | ($4.36) | ($5.00) | - |
| EPS - Diluted | ($0.81) | - | ($1.09) | ($1.47) | ($2.38) | - | ($2.66) | ($4.36) | ($5.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $124.84M | $144.73M | $128.79M | $163.55M | $140.76M | $178.60M | $172.36M | $182.31M | $195.43M | $216.80M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | $14.11M | $16.72M | $16.30M |
| Accounts Payable | $17.04M | $15.16M | $9.44M | $10.35M | $2.96M | $3.70M | $8.08M | $37.70M | $32.89M | $32.41M |
| Current Assets | $283.46M | $372.90M | $458.98M | $532.79M | $547.57M | $627.94M | $713.25M | $843.91M | $837.45M | $950.83M |
| Total Assets | $750.23M | $803.18M | $853.54M | $898.82M | $903.93M | $961.23M | $1.02B | $1.06B | $1.08B | $1.18B |
| Current Liabilities | $282.61M | $209.32M | $160.01M | $157.43M | $143.82M | $150.01M | $157.91M | $179.21M | $171.75M | $185.66M |
| Long-term Debt | $202.69M | $276.36M | - | - | - | $420.12M | - | - | - | - |
| Total Liabilities | $526.50M | $529.22M | $627.65M | $635.44M | $631.76M | $638.95M | $650.32M | $667.64M | $660.68M | $674.04M |
| Stockholders' Equity | $223.73M | $273.96M | $225.90M | $263.37M | $272.17M | $322.28M | $365.99M | $394.83M | $417.58M | $505.48M |
| Retained Earnings | ($2.82B) | ($2.75B) | ($2.69B) | ($2.62B) | ($2.56B) | ($2.47B) | ($2.40B) | ($2.32B) | ($2.23B) | ($2.13B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($53.50M) | - | - | - | ($75.92M) | - | - | - | ($113.23M) | - |
| Investing Cash Flow | $27.78M | - | - | - | $7.47M | - | - | - | $83.10M | - |
| Financing Cash Flow | $5.48M | - | - | - | $29.71M | - | - | - | $6.89M | - |
| CapEx | $39.81M | - | - | - | $46.05M | - | - | - | $13.07M | - |
| Free Cash Flow | ($93.31M) | - | - | - | ($121.97M) | - | - | - | ($126.30M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -12957.3% | - | -5241.6% | -3399.0% | -4417.6% | - | -4843.8% | -546.6% | -1038.1% | - |
| Operating margin | -28895.2% | - | -18127.7% | -17227.1% | -19186.1% | - | -20330.3% | -2412.1% | -5599.9% | - |
| EBITDA margin | -27170.0% | - | -16999.7% | -16199.8% | -18270.1% | - | -19250.5% | -2334.9% | -5413.6% | - |
| Net margin | -28508.8% | - | -17648.5% | -16571.4% | -18326.9% | - | -18542.3% | -2222.2% | -5139.1% | - |
| Free cash flow margin | -41104.8% | - | - | - | -26456.6% | - | - | - | -6362.8% | - |
| FCF / Net income | 1.44 | - | - | - | 1.44 | - | - | - | 1.24 | - |
| R&D / Revenue | 2956.8% | - | 4096.4% | 4955.9% | 7225.6% | - | 5954.5% | 984.2% | 2970.7% | - |
| SG&A / Revenue | 11255.9% | - | 7661.6% | 7844.8% | 6626.9% | - | 8452.2% | 804.1% | 1404.7% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.6% | - | -7.5% | -7.5% | -9.3% | - | -7.3% | -8.8% | -9.5% | - |
| Return on equity | -28.9% | - | -28.5% | -25.5% | -31.0% | - | -20.4% | -23.8% | -24.4% | - |
| Return on invested capital | -12.2% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.00 | 1.78 | 2.87 | 3.38 | 3.81 | 4.19 | 4.52 | 4.71 | 4.88 | 5.12 |
| Quick ratio | 1.00 | 1.78 | 2.87 | 3.38 | 3.81 | 4.19 | 4.52 | 4.63 | 4.78 | 5.03 |
| Cash ratio | 0.44 | 0.69 | 0.80 | 1.04 | 0.98 | 1.19 | 1.09 | 1.02 | 1.14 | 1.17 |
| Leverage | ||||||||||
| Debt / Equity | 0.91 | 1.01 | - | - | - | 1.30 | - | - | - | - |
| Debt / Assets | 0.27 | 0.34 | - | - | - | 0.44 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -35.9x | - | -20.4x | -21.5x | -27.4x | - | -25.3x | -31.5x | -34.4x | - |
| Equity multiplier | 3.35 | 2.93 | 3.78 | 3.41 | 3.32 | 2.98 | 2.78 | 2.69 | 2.58 | 2.33 |
| Liabilities / Assets | 0.70 | 0.66 | 0.74 | 0.71 | 0.70 | 0.66 | 0.64 | 0.63 | 0.61 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | 1.93 | 1.35 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | 189d | 270d | - |
| Days payable outstanding | 210d | - | 177d | 266d | 52d | - | 148d | 504d | 531d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.9x | - | 1.0x | 0.5x | 0.4x | - | 0.5x | 0.5x | 28.4x | - |
| P / S | 850.8x | - | 626.6x | 306.9x | 232.9x | - | 424.5x | 42.9x | 5970.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -50.8% | - | -9.2% | -90.4% | -76.8% | - | -76.7% | 125.5% | 406.4% | - |
| Revenue CAGR (3y) | -16.6% | - | -21.9% | 4.4% | 13.1% | - | -46.2% | 94.8% | - | - |
| Revenue CAGR (5y) | - | - | - | - | 14.1% | - | - | - | - | - |
| Gross profit growth (YoY) | -44.4% | - | 1.7% | 40.2% | 1.2% | - | 18.6% | - | - | - |
| Operating income growth (YoY) | 25.8% | - | 19.0% | 31.3% | 20.4% | - | 28.5% | 27.1% | 32.0% | - |
| Net income growth (YoY) | 23.4% | - | 13.6% | 28.3% | 17.2% | - | 28.7% | 30.2% | 36.0% | - |
| EPS growth (YoY) | 66.0% | - | 59.0% | 66.3% | 52.4% | - | -850.0% | -847.8% | -777.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 23.5% | - | - | - | 3.4% | - | - | - | 9.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -17.8% | -15.0% | -38.3% | -33.3% | -34.8% | -36.2% | -38.9% | -18.5% | 13.9% | 5.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2020-12-31.
Product / service
$200.0K totalTechnology Service$200.0K · 100.0%
Peer comparison
Same SIC group: Transportation Services
Comparing Virgin Galactic Holdings against the 5 most active filers in the same SIC group.