Virgin Galactic Holdings, Inc SPCE

Industrials SIC 4700 - Transportation Services NAICS Transportation and Warehousing › Support Activities for Transportation derived NYSE

Virgin Galactic is an aerospace and space travel company, pioneering human-first spaceflight for private individuals, researchers, and government agencies with its advanced and highly re-useable spaceships and high-altitude carrier aircraft. Built on the foundation of 20 years of experience, we are making human spaceflight repeatable and, therefore, more accessible for individuals. We are at the vanguard of a new industry dedicated to advancing human progress, innovation, understanding and collaboration through the transformative power of space travel. This industry is growing dramatically due to new products, new sources of private and government funding, and new technologies. Demand is emerging from new sectors and demographics, which we believe is broadening the total addressable market. We have embarked on this journey with a mission to put humans and research experiments into space and return them safely to Earth at an unprecedented frequency, with an industry-leading cost structure, and with the goal of driving scale and profitability with our next-generation vehicles.

Last close 2.46 2026-10-23
Market cap $372.9M 2026-06-30 share count
52-week range 2.13 - 8.90

Valuation FY2025 figures against the last close

P/S241.5x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-5.44

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.5M$7.0M$6.8M$2.3M$3.3M$238.0K$3.8M$2.8M$1.8M—
Cost of revenue $72.8M$90.0M$50.5M$1.9M$272.0K$173.0K$2.0M$1.2M$488.0K—
Gross profit -$71.2M-$83.0M-$43.7M$406.0K$3.0M$65.0K$1.8M$1.6M$1.3M—
R&D $80.5M$152.7M$295.1M$314.2M$144.2M$154.4M$132.9M$117.9M$93.1M—
SG&A $117.2M$125.5M$174.9M$175.1M$166.8M$111.2M$82.2M$50.9M$46.9M—
Total operating expenses $286.9M$383.7M$538.3M$502.3M$322.8M$275.5M—$1.3M——
Operating income -$285.3M-$376.6M-$531.5M-$500.0M-$319.5M-$275.3M-$213.3M-$167.2M-$138.7M—
Interest expense $12.8M$12.9M$12.9M$12.1M$25.0K$36.0K$36.0K$10.0K$21.0K—
Pre-tax income -$278.9M-$346.7M-$501.9M-$499.6M-$352.8M-$644.9M-$215.1M-$138.0M-$138.0M—
Income tax $52.0K$74.0K$453.0K$598.0K$79.0K$6.0K$62.0K$147.0K$155.0K—
Net income -$278.9K-$346.7K-$502.3K-$500.2K-$352.9K-$644.9M-$215.1M-$138.1M-$138.2M—
EPS, basic -5.44-13.89-29.79-1.89-1.43-2.94-1.11———
EPS, diluted -5.44-13.89-29.79-1.89-1.43-2.94-1.11-0.71-0.71—
Shares, diluted (wtd. avg.) 51.2M25.0M16.9M263.9M247.6M219.1M194.4M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $144.7M$178.6M$253.6M$342.6M$524.5M$679.0M$492.7M$81.4M$81.1M$85.5M
Short-term investments $162.3M$384.6M$657.2M$606.7M$79.4M$0—$704.3M$691.9M—
Receivables —————$470.0K$461.0K$1.3M——
Inventory ——$16.3M$24.0M$29.7M$30.5M$31.9M$23.3M——
Total current assets $372.9M$627.9M$950.8M$1.00B$678.6M$727.9M$541.7M$119.1M$1.6M—
Property, plant and equipment $388.7M$209.1M$93.8M$53.7M$47.5M$53.1M$44.3M$34.2M——
Total assets $803.2M$961.2M$1.18B$1.14B$1.07B$804.0M$605.5M$156.0M$693.6M—
Accounts payable $15.2M$3.7M$32.4M$16.3M$9.2M$6.0M$7.0M$7.2M$230.2K—
Short-term debt $47.8M$0——$310.0K$310.0K$0———
Total current liabilities $209.3M$150.0M$185.7M$184.1M$131.5M$115.0M$115.8M$106.3M$356.5K—
Long-term debt $276.4M$420.1M——$0$310.0K$0———
Total liabilities $529.2M$638.9M$674.0M$659.7M$174.6M$276.9M$262.3M$114.5M$24.5M—
Retained earnings -$2.75B-$2.47B-$2.13B-$1.62B-$1.12B-$770.7M-$125.9M$0$1.3M—
Total equity $274.0M$322.3M$505.5M$480.2M$894.3M$527.1M$343.2M$41.6M$23.1M$23.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$240.1M-$352.7M-$448.2M-$380.2M-$230.8M-$233.2M-$209.1M-$145.7M-$136.7M—
Depreciation and amortisation $16.5M$15.5M$13.4M$11.1M$11.5M$9.8M$7.0M$5.8M$5.1M—
Stock-based compensation $18.7M$29.8M$44.3M$45.7M$61.8M$30.3M$2.5M$0$0—
Capital expenditure $198.0M$121.9M$44.3M$16.5M$4.6M$17.2M$13.9M$10.6M$5.6M—
Investing cash flow $90.8M$175.7M-$116.3M-$286.2M-$387.5M-$17.2M-$13.9M-$10.6M-$5.6M—
Financing cash flow $114.1M$134.3M$475.4M$459.0M$489.4M$436.6M$634.3M$156.6M$137.9M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001706946-26-000046.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -800M -600M -400M -200M 0 200M Revenue, FY2017: 1.8M Gross profit, FY2017: 1.3M Net income, FY2017: -138.2M Revenue, FY2018: 2.8M Gross profit, FY2018: 1.6M Net income, FY2018: -138.1M Revenue, FY2019: 3.8M Gross profit, FY2019: 1.8M Net income, FY2019: -215.1M Revenue, FY2020: 238K Gross profit, FY2020: 65K Net income, FY2020: -644.9M Revenue, FY2021: 3.3M Gross profit, FY2021: 3M Net income, FY2021: -352.9K Revenue, FY2022: 2.3M Gross profit, FY2022: 406K Net income, FY2022: -500.2K Revenue, FY2023: 6.8M Gross profit, FY2023: -43.7M Net income, FY2023: -502.3K Revenue, FY2024: 7M Gross profit, FY2024: -83M Net income, FY2024: -346.7K Revenue, FY2025: 1.5M Gross profit, FY2025: -71.2M Net income, FY2025: -278.9K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.8M $2.8M $3.8M $238.0K $3.3M $2.3M $6.8M $7.0M $1.5M
Gross profit — $1.3M $1.6M $1.8M $65.0K $3.0M $406.0K -$43.7M -$83.0M -$71.2M
Net income — -$138.2M -$138.1M -$215.1M -$644.9M -$352.9K -$500.2K -$502.3K -$346.7K -$278.9K

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Unregistered share sale Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Unregistered share sale Item 3.02
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Unregistered share sale Item 3.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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