VORB · Virgin Orbit 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 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.0K | $5.0K | $5.54M | - | - | - | - | - | - |
| Cost of Revenue | - | $8.70M | $14.29M | $17.44M | - | - | - | - | - | - |
| Gross Profit | - | ($8.70M) | ($12.60M) | $3.15M | - | - | - | - | - | - |
| R&D | - | $9.04M | $9.13M | $17.83M | - | - | - | - | - | - |
| SG&A | - | $30.75M | $27.84M | $19.48M | - | $1.24M | $847.1K | $409.6K | - | - |
| Total Operating Expenses | - | - | - | - | - | $1.30M | $907.1K | $429.6K | - | - |
| D&A | - | $2.99M | $3.07M | $3.63M | - | - | - | - | - | - |
| Operating Income | - | ($44.89M) | ($44.70M) | ($34.16M) | - | - | - | - | - | - |
| Interest Expense | - | $6.0K | $6.0K | $7.0K | - | - | - | - | - | - |
| Income Tax | - | $0 | $0 | $0 | - | - | - | - | - | - |
| Net Income | - | ($38.59M) | ($33.29M) | ($32.33M) | - | $11.25M | ($17.35M) | ($665.0K) | - | - |
| EPS - Basic | - | ($0.13) | ($0.16) | ($0.19) | - | - | - | - | - | - |
| EPS - Diluted | - | ($0.13) | ($0.10) | ($0.12) | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $51.20M | $71.19M | $122.07M | $127.44M | $194.15M | $3.2K | $434.6K | $1.16M | $22.43M | $151.44M |
| Accounts Receivable | $389.0K | $1.98M | $11.26M | $3.50M | $2.08M | - | - | - | $3.36M | - |
| Inventory | $77.06M | $69.23M | $66.53M | $44.73M | $33.93M | - | - | - | $66.0K | - |
| Accounts Payable | $21.93M | $19.73M | $9.06M | $8.01M | $10.33M | $192.4K | $173.1K | $301.7K | $3.30M | - |
| Current Assets | $147.19M | $155.11M | $215.81M | $187.29M | $238.78M | $785.9K | $1.35M | $2.24M | $36.63M | - |
| Total Assets | $240.80M | $242.98M | $300.72M | $275.91M | $331.74M | $383.40M | $383.96M | $353.41M | $100.60M | - |
| Current Liabilities | $121.42M | $72.26M | $75.10M | $56.04M | $47.96M | $1.16M | $428.3K | $1.45M | $27.11M | - |
| Long-term Debt | - | - | - | - | $0 | $300.0K | $300.0K | - | $235.11M | - |
| Total Liabilities | $192.38M | $153.49M | $176.60M | $121.75M | $118.77M | $38.77M | $50.59M | $31.38M | $300.23M | - |
| Stockholders' Equity | $48.42M | $89.49M | $124.12M | $154.15M | $212.97M | ($37.97M) | $5.00M | $5.00M | ($199.62M) | ($113.12M) |
| Retained Earnings | ($1.01B) | ($959.96M) | ($916.32M) | ($883.02M) | ($820.45M) | ($37.97M) | ($18.01M) | ($633.9K) | ($663.16M) | - |
Cash Flow
| Line item | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($61.63M) | - | - | - | ($1.15M) | - | - |
| Investing Cash Flow | - | - | - | ($5.19M) | - | - | - | ($350.00M) | - | - |
| Financing Cash Flow | - | - | - | $46.12M | - | - | - | $352.31M | - | - |
| CapEx | - | - | - | $5.19M | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | ($66.81M) | - | - | - | - | - | - |
Ratios
| Metric | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | -434750.0% | -251980.0% | 57.0% | - | - | - | - | - | - |
| Operating margin | - | -2244650.0% | -893900.0% | -617.2% | - | - | - | - | - | - |
| EBITDA margin | - | -2095100.0% | -832440.0% | -551.6% | - | - | - | - | - | - |
| Net margin | - | -1929500.0% | -665840.0% | -584.0% | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | -1207.1% | - | - | - | - | - | - |
| FCF / Net income | - | - | - | 2.07 | - | - | - | - | - | - |
| R&D / Revenue | - | 451750.0% | 182700.0% | 322.1% | - | - | - | - | - | - |
| SG&A / Revenue | - | 1537250.0% | 556900.0% | 352.0% | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -15.9% | -11.1% | -11.7% | - | 2.9% | -4.5% | -0.2% | - | - |
| Return on equity | - | -43.1% | -26.8% | -21.0% | - | -29.6% | -347.0% | -13.3% | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.21 | 2.15 | 2.87 | 3.34 | 4.98 | 0.68 | 3.16 | 1.54 | 1.35 | - |
| Quick ratio | 0.58 | 1.19 | 1.99 | 2.54 | 4.27 | 0.68 | 3.16 | 1.54 | 1.35 | - |
| Cash ratio | 0.42 | 0.99 | 1.63 | 2.27 | 4.05 | 0.00 | 1.01 | 0.80 | 0.83 | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | 0.00 | -0.01 | 0.06 | - | -1.18 | - |
| Debt / Assets | - | - | - | - | 0.00 | 0.00 | 0.00 | - | 2.34 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -7482.2x | -7449.2x | -4880.0x | - | - | - | - | - | - |
| Equity multiplier | 4.97 | 2.72 | 2.42 | 1.79 | 1.56 | -10.10 | 76.79 | 70.68 | -0.50 | - |
| Liabilities / Assets | 0.80 | 0.63 | 0.59 | 0.44 | 0.36 | 0.10 | 0.13 | 0.09 | 2.98 | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.00 | 0.00 | 0.02 | - | - | - | - | - | - |
| Inventory turnover | - | 0.13 | 0.21 | 0.39 | - | - | - | - | - | - |
| Days sales outstanding | - | 360803d | 822199d | 231d | - | - | - | - | - | - |
| Days inventory outstanding | - | 2905d | 1699d | 936d | - | - | - | - | - | - |
| Days payable outstanding | - | 828d | 231d | 168d | - | - | - | - | - | - |
| Cash conversion cycle | - | 362880d | 823667d | 999d | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | -91.9% | -4761.1% | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -77.3% | - | 2382.3% | 2983.1% | - | - | - | - | -76.5% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$7.40M totalLaunch Services$6.00M · 81.1%
Engineering Services$1.40M · 18.9%
Peer comparison
Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys
Comparing Virgin Orbit Holdings against the 5 most active filers in the same SIC group.