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MARKETS / NYSE / SPCE
NYSE · TRANSPORTATION SERVICES · SMALL CAP

Virgin Galactic Holdings, Inc. SPCE

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.5M
▼ 78.1% YoY
$-278.9M
$-438.2M
In brief

What this company does

We offer access to space for private individuals, researchers and government agencies. Our operations include the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of our spaceflight system. As part of our commercial operations, we have exclusive access to the Gateway to Space facility at Spaceport America located in New Mexico. In December 2018, we made history by flying our spaceship, VSS Unity, to space from Mojave, California. After relocating our operations to Spaceport America, we conducted the first flight to space from the state of New Mexico in May 2021.

Written from the business description in Virgin Galactic Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.5M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 1.5 · Net income -278.9
-250.0M-500.0M201720182019202020212022202320242025
Compound annual growth
−12.6%
+45.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +45.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−18064 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -18480.8% · Net -18063.9%
-100000%-200000%201720182019202020212022202320242025
ROE
FY2025 · ROE -93.6%
-200%-400%201720182019202020212022202320242025
Gross margin-4613.0%
Operating margin-18480.8%
Net margin-18063.9%
Return on assets-31.6%
EBITDAUSD -268.9M

Each USD of equity lost 94 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -438.2
-200M-400M201720182019202020212022202320242025

Total assetsUSD 803.2M
EquityUSD 274.0M
CashUSD 144.7M
Gross debtUSD 324.2M
Net debtUSD 179.5M
Current ratio1.78×

Net debt stands at 66% of equity.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B0.00.00.00.00.00.00.00.00.0
Operating income $B−0.3−0.4−0.5−0.5−0.3−0.3−0.2−0.2−0.1
EBITDA $B−0.3−0.4−0.5−0.5−0.3−0.3−0.2−0.2−0.1
Income tax $B0.00.00.00.00.00.00.00.00.0
Net income $B−0.3−0.3−0.5−0.5−0.4−0.6−0.2−0.1−0.1
Free cash flow $B−0.4−0.5−0.5−0.4−0.2−0.3−0.2−0.2−0.1
EPS, diluted $−5.44−13.89−29.79−1.89−1.43−2.94−1.11−0.71−0.71
Dividend / sh $·········
Payout %·········
ROE %−93.6−83.8−101.9−72.8−49.7−148.2−111.8−427.5−599.1
Shares out B0.070.030.020.280.260.240.020.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 41 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTransportation Services
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2017

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