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Stocks · Industrials · Transportation Services

Virgin Galactic Holdings, Inc

SPCE Clue Score32
United States Fiscal year ends December CIK 0001706946
$2.84 -3.40% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.84 −87.77% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 29 Sep 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue1.8Operating income−138.7Net income−138.2Fiscal year 2018Revenue2.8 +62.4%Operating income−167.2Net income−138.1Fiscal year 2019Revenue3.8 +32.7%Operating income−213.3Net income−215.1EPS, diluted−1.11Fiscal year 2020Revenue0.2 −93.7%Operating income−275.3Net income−644.9EPS, diluted−2.94Fiscal year 2021Revenue3.3 +1,283.2%Operating income−319.5Net income−352.9EPS, diluted−1.43Fiscal year 2022Revenue2.3 −29.8%Operating income−500.0Net income−500.2EPS, diluted−1.89Fiscal year 2023Revenue6.8 +194.1%Operating income−531.5Net income−502.3EPS, diluted−29.79Fiscal year 2024Revenue7.0 +3.5%Operating income−376.6Net income−346.7EPS, diluted−13.89Fiscal year 2025Revenue1.5 −78.1%Operating income−285.3Net income−278.9EPS, diluted−5.44
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.8 2.8 3.8 0.2 3.3 2.3 6.8 7.0 1.5
Growth +62.4% +32.7% −93.7% +1,283.2% −29.8% +194.1% +3.5% −78.1%
Operating income −138.7 −167.2 −213.3 −275.3 −319.5 −500.0 −531.5 −376.6 −285.3
Net income −138.2 −138.1 −215.1 −644.9 −352.9 −500.2 −502.3 −346.7 −278.9
Growth
EPS, diluted n/a n/a −1.11 −2.94 −1.43 −1.89 −29.79 −13.89 −5.44

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin72.2%Operating margin−7,907.9%Net margin−7,878.4%Free cash flow margin−8,111.3%Fiscal year 2018Gross margin57.8%Operating margin−5,868.2%Net margin−4,848.7%Free cash flow margin−5,485.9%Fiscal year 2019Gross margin47.0%Operating margin−5,640.4%Net margin−5,689.4%Free cash flow margin−5,897.0%Fiscal year 2020Gross margin27.3%Operating margin−115,665.5%Net margin−270,960.9%Free cash flow margin−105,193.3%Fiscal year 2021Gross margin91.7%Operating margin−9,706.4%Net margin−10,719.9%Free cash flow margin−7,150.6%Fiscal year 2022Operating margin−21,625.6%Net margin−21,632.9%Free cash flow margin−17,159.6%Fiscal year 2023Operating margin−7,816.3%Net margin−7,387.3%Free cash flow margin−7,242.7%Fiscal year 2024Operating margin−5,352.9%Net margin−4,928.1%Free cash flow margin−6,744.7%Fiscal year 2025Operating margin−18,480.8%Net margin−18,063.9%Free cash flow margin−28,380.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 72.2% 57.8% 47.0% 27.3% 91.7% n/a n/a n/a n/a
Operating margin −7,907.9% −5,868.2% −5,640.4% −115,665.5% −9,706.4% −21,625.6% −7,816.3% −5,352.9% −18,480.8%
Net margin −7,878.4% −4,848.7% −5,689.4% −270,960.9% −10,719.9% −21,632.9% −7,387.3% −4,928.1% −18,063.9%
Free cash flow margin −8,111.3% −5,485.9% −5,897.0% −105,193.3% −7,150.6% −17,159.6% −7,242.7% −6,744.7% −28,380.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−136.7Capital expenditure−5.6Free cash flow−142.3Fiscal year 2018Operating cash flow−145.7Capital expenditure−10.6Free cash flow−156.3Fiscal year 2019Operating cash flow−209.1Capital expenditure−13.9Free cash flow−223.0Fiscal year 2020Operating cash flow−233.2Capital expenditure−17.2Free cash flow−250.4Fiscal year 2021Operating cash flow−230.8Capital expenditure−4.6Free cash flow−235.4Fiscal year 2022Operating cash flow−380.2Capital expenditure−16.5Free cash flow−396.7Fiscal year 2023Operating cash flow−448.2Capital expenditure−44.3Free cash flow−492.5Fiscal year 2024Operating cash flow−352.7Capital expenditure−121.9Free cash flow−474.6Fiscal year 2025Operating cash flow−240.1Capital expenditure−198.0Free cash flow−438.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −136.7 −145.7 −209.1 −233.2 −230.8 −380.2 −448.2 −352.7 −240.1
Capital expenditure −5.6 −10.6 −13.9 −17.2 −4.6 −16.5 −44.3 −121.9 −198.0
Free cash flow −142.3 −156.3 −223.0 −250.4 −235.4 −396.7 −492.5 −474.6 −438.2
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash75.4Shareholders’ equity23.1Fiscal year 2018Cash74.0Shareholders’ equity41.6Fiscal year 2019Cash480.4Total debt0.0Net cash (debt)480.4Shareholders’ equity343.2Debt to equity0.00Fiscal year 2020Cash665.9Total debt0.6Net cash (debt)665.3Shareholders’ equity527.1Debt to equity0.00Fiscal year 2021Cash524.5Total debt0.3Net cash (debt)524.2Shareholders’ equity894.3Debt to equity0.00Fiscal year 2022Cash302.3Shareholders’ equity480.2Fiscal year 2023Cash216.8Shareholders’ equity505.5Fiscal year 2024Cash178.6Total debt420.1Net cash (debt)−241.5Shareholders’ equity322.3Debt to equity1.30Fiscal year 2025Cash144.7Total debt324.2Net cash (debt)−179.5Shareholders’ equity274.0Debt to equity1.18
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 75.4 74.0 480.4 665.9 524.5 302.3 216.8 178.6 144.7
Total debt n/a n/a 0.0 0.6 0.3 n/a n/a 420.1 324.2
Net cash (debt) n/a n/a 480.4 665.3 524.2 n/a n/a −241.5 −179.5
Shareholders’ equity 23.1 41.6 343.2 527.1 894.3 480.2 505.5 322.3 274.0
Debt to equity n/a n/a 0.00 0.00 0.00 n/a n/a 1.30 1.18

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
72.2% 57.8% 47.0% 27.3% 91.7% n/a n/a n/a n/a
−7,907.9% −5,868.2% −5,640.4% −115,665.5% −9,706.4% −21,625.6% −7,816.3% −5,352.9% −18,480.8%
−7,869.6% −4,843.5% −5,687.7% −270,958.4% −10,717.5% −21,607.0% −7,380.6% −4,927.0% −18,060.6%
−7,878.4% −4,848.7% −5,689.4% −270,960.9% −10,719.9% −21,632.9% −7,387.3% −4,928.1% −18,063.9%
−8,111.3% −5,485.9% −5,897.0% −105,193.3% −7,150.6% −17,159.6% −7,242.7% −6,744.7% −28,380.0%
Spending
5,307.0% 4,139.4% 3,514.2% 64,859.2% 4,381.0% 13,588.8% 4,340.3% 2,170.0% 5,211.5%
2,673.1% 1,786.7% 2,173.1% 46,723.9% 5,067.3% 7,574.3% 2,571.5% 1,783.6% 7,588.5%
319.1% 371.7% 366.5% 7,227.3% 140.8% 713.2% 651.6% 1,731.9% 12,826.7%
Returns
−599.1% −332.4% −62.7% −122.4% −39.5% −104.1% −99.4% −107.6% −101.8%
−19.9% −88.5% −35.5% −80.2% −33.0% −43.9% −42.6% −36.1% −34.7%
Balance and payout
n/a n/a 0.00 0.00 0.00 n/a n/a 1.30 1.18
3.5% 73.4% 43.3% 34.4% 16.3% 57.9% 57.1% 66.5% 65.9%