Virgin Galactic Holdings, Inc (SPCE) Financial Statements
Industry: Transportation Services
In fiscal 2025, Virgin Galactic reported revenue of $1.5M, down 78.1% from $7.0M the year before. Net income was -$278.9M (a -18063.9% net margin), or -$5.44 per diluted share. Gross margin was -4613.0% and operating margin was -18480.8%. Operating activities generated -$240.1M of cash, leaving -$438.2M of free cash flow. At fiscal year end, Virgin Galactic held $803.2M in total assets against $529.2M in total liabilities, including $144.7M of cash and equivalents.
Open the full interactive Virgin Galactic financials → Quarterly statements, key ratios, valuation history and price charts.
Virgin Galactic Key Stats
| Share Price | $2.63 |
|---|---|
| Market Cap | $291.3M |
| Revenue YoY Growth | -78.1% |
| 52-Week Range | $2.17 – $7.52 |
| Shares Outstanding | 110.8 million (basic, 2026 Q2) |
Virgin Galactic Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $238,000 | $3.3M | $2.3M | $6.8M | $7.0M | $1.5M |
| Cost of Goods Sold | — | — | $502.3M | $538.3M | $383.7M | $286.9M |
| Gross Profit | $65,000 | $3.0M | $406,000 | -$43.7M | -$83.0M | -$71.2M |
| Operating Income | -$275.3M | -$319.5M | -$500.0M | -$531.5M | -$376.6M | -$285.3M |
| Pre-Tax Income | -$273.0M | -$352.8M | -$499.6M | -$501.9M | -$346.7M | -$278.9M |
| Income Tax | $6,000 | $79,000 | $598,000 | $453,000 | $74,000 | $52,000 |
| Net Income | -$273.0M | -$352.9M | -$500.2M | -$502.3M | -$346.7M | -$278.9M |
| Diluted EPS | -$6.20 | -$28.60 | -$37.80 | -$29.80 | -$13.89 | -$5.44 |
Virgin Galactic Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $365,000 | $312,000 | $227,000 | $134,000 |
| Net Income | -$64.4M | -$62.7M | -$64.7M | -$55.9M |
| Diluted EPS | -$1.09 | -$1.22 | -$0.81 | -$0.50 |
Virgin Galactic Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $665.9M | $524.5M | $302.3M | $216.8M | $178.6M | $144.7M |
| Current Assets | $727.9M | $678.6M | $1.00B | $950.8M | $627.9M | $372.9M |
| Total Assets | $804.0M | $1.07B | $1.14B | $1.18B | $961.2M | $803.2M |
| Current Liabilities | $115.0M | $131.5M | $184.1M | $185.7M | $150.0M | $209.3M |
| Total Long-Term Debt | $620,000 | $620,000 | $415.7M | $417.9M | $420.1M | $324.2M |
| Total Liabilities | $141.5M | $174.6M | $659.7M | $674.0M | $638.9M | $529.2M |
| Shareholders' Equity | $662.5M | $894.3M | $480.2M | $505.5M | $322.3M | $274.0M |
Virgin Galactic Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$233.2M | -$230.8M | -$380.2M | -$448.2M | -$352.7M | -$240.1M |
| Cash From Investing | -$17.2M | -$387.5M | -$286.2M | -$116.3M | $175.7M | $90.8M |
| Cash From Financing | $436.6M | $489.4M | $459.0M | $475.4M | $134.3M | $114.1M |
| Free Cash Flow | -$250.4M | -$235.4M | -$396.7M | -$492.5M | -$474.6M | -$438.2M |
Figures from Virgin Galactic's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Virgin Galactic financials page for every line item.
Virgin Galactic Company Profile
| Ticker | SPCE |
|---|---|
| Exchange | NYSE |
| Industry | Transportation Services |
| Headquarters | Tustin, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001706946 |
Frequently Asked Questions
What was Virgin Galactic's revenue in fiscal 2025?
Virgin Galactic (SPCE) reported revenue of $1.5M for fiscal 2025.
What is Virgin Galactic's annual revenue history?
Virgin Galactic's annual revenue by fiscal year: 2020: $238,000; 2021: $3.3M; 2022: $2.3M; 2023: $6.8M; 2024: $7.0M; 2025: $1.5M.
What was Virgin Galactic's net income in fiscal 2025?
Virgin Galactic reported net income of -$278.9M for fiscal 2025.
What was Virgin Galactic's earnings per share (EPS) in fiscal 2025?
Virgin Galactic's diluted EPS was -$5.44 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Virgin Galactic generate in fiscal 2025?
Virgin Galactic generated -$438.2M of free cash flow in fiscal 2025.
What was Virgin Galactic's revenue last quarter?
In its most recent reported quarter (2026 Q2), Virgin Galactic reported revenue of $134,000.
How much debt does Virgin Galactic have?
Virgin Galactic reported $324.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Virgin Galactic are outstanding?
Virgin Galactic reported a weighted average of 110.8 million basic shares outstanding in 2026 Q2.
What is Virgin Galactic's market cap?
Based on its latest closing price, Virgin Galactic (SPCE) has a market capitalization of about $291.3M.
When does Virgin Galactic's fiscal year end?
Virgin Galactic's fiscal year end, as registered with the SEC, is December 31.
Where is Virgin Galactic headquartered?
Virgin Galactic lists its business address in Tustin, California in its SEC filings.