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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›SPCE›Financials
Annual statements · SEC XBRL · FY2017 – FY2025

Virgin Galactic Holdings, Inc (SPCE) financials

Income statement

Virgin Galactic Holdings, Inc (SPCE) income statement, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.75M$2.85M$3.78M$238K$3.29M$2.31M$6.80M$7.04M$1.54M
Revenue growth—62.4%32.7%-93.7%1283.2%-29.8%194.1%3.5%-78.1%
Gross profit$1.27M$1.65M$1.78M$65.0K$3.02M————
Gross margin72.2%57.8%47.0%27.3%91.7%————
Operating income-$139M-$167M-$213M-$275M-$320M-$500M-$532M-$377M-$285M
Operating margin-7907.9%-5868.2%-5640.4%-115665.5%-9706.4%-21625.6%-7816.3%-5352.9%-18480.8%
Net income-$138M-$138M-$215M-$645M-$353M-$500M-$502M-$347M-$279M
Net margin-7878.4%-4848.7%-5689.4%-270960.9%-10719.9%-21632.9%-7387.3%-4928.1%-18063.9%
EPS (diluted)-$0.71-$0.71-$1.11-$2.94-$1.43-$1.89-$29.79-$13.89-$5.44

Cash flow

Virgin Galactic Holdings, Inc (SPCE) cash flow, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$137M-$146M-$209M-$233M-$231M-$380M-$448M-$353M-$240M
Capital expenditures$5.60M$10.6M$13.9M$17.2M$4.63M$16.5M$44.3M$122M$198M
Free cash flow-$142M-$156M-$223M-$250M-$235M-$397M-$493M-$475M-$438M

Balance sheet

Virgin Galactic Holdings, Inc (SPCE) balance sheet, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$75.4M$74.0M$480M$666M$524M$302M$217M$179M$145M
Total assets$694M$156M$606M$804M$1.07B$1.14B$1.18B$961M$803M
Total liabilities$24.5M$114M$138M$277M$175M$660M$674M$639M$529M
Long-term debt——$0.00$310K$0.00——$420M$276M
Shareholders' equity$23.1M$41.6M$343M$527M$894M$480M$505M$322M$274M
Retained earnings$1.33M$0.00-$122M-$771M-$1.12B-$1.62B-$2.13B-$2.47B-$2.75B
Shares (wtd avg diluted)——194M219M248M264M16.9M25.0M51.2M

Every figure is extracted from Virgin Galactic Holdings, Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Virgin Galactic Holdings, Inc's annual revenue?
Virgin Galactic Holdings, Inc (SPCE) reported $1.54M of revenue for fiscal year 2025 — down 78.1% from $7.04M in FY2024, per its annual report filed with the SEC.
Is Virgin Galactic Holdings, Inc profitable?
Not in FY2025 — SPCE reported a net loss of $279M, per SEC filings.
What is Virgin Galactic Holdings, Inc's free cash flow?
-$438M in FY2025 (operating cash flow -$240M minus $198M of capital expenditures), from the SEC cash-flow statement.
Does SPCE pay a dividend?
Virgin Galactic Holdings, Inc reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full SPCE analysis — verdict, score & filings →Is SPCE a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.