SPCE · Virgin Galactic Holdings, Inc
$2.97
+0.06 (+2.07%)
At close · Sep 2
Going-concern doubt
— flagged Aug 12, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Management's evaluation, which excluded the items that are not within its control (i.e., Revenues, Capital Market Transactions, and Debt Repayment Terms), resulted in the determination that the Company may not have sufficient cash and marketable securities to maintain its planned operations for the next twelve months following the issuance date of the condensed consolidated financial statements and has concluded that there are conditions present in the aggregate that raise substantial doubt about the Company's ability to continue as a going concern pursuant to ASC 205-40. The plans discussed above are subject to market conditions and, while management intends to apply its best efforts to the execution of these plans, they are not fully within the Company's control and therefore cannot be deemed to be probable in accordance with ASC 205-40, and as a result, management has concluded that its plans do not alleviate substantial doubt about the Company's ability to continue as a going concern for twelve months after the date that the condensed consolidated financial statements are issued.”View the 10-Q filed Aug 12, 2026
Market Cap
$444.93M
Shares
151.60M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$2.91
Open$2.90
Day$2.85–2.98
52W close$2.17–7.52
Avg vol 30d7.7M
Short int38.9M · 25.7% float · 3.5d
Short vol62%
Last earningsAug 12, 2026
DataJun 2024–Sep 2026
Filing10-Q · Aug 12
Raw chart and full-history price indicators begin at the captured split on Jun 17, 2024; bars on opposite sides are not compared.
Up next
Next earnings call
Nov 15, 2026
Est · unconfirmed
· in 11 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 12, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.04M
Trailing 12 months
Net income (TTM)
−$247.74M
Trailing 12 months
Revenue growth YoY
-67.0%
Year over year
Operating margin
-24,804.5%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-86.9%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$36.02M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+142.7%
Year over year · more shares
Price change (1Y)
-6.4%
Trailing year
Short interest
25.7%
Latest settlement · 3.5 days to cover
AI Brief
Q2 FY26 earnings call · Aug 12, 2026
Q2 FY26
TL;DR. Virgin Galactic pushed its first commercial spaceflight to February 2027 due to extended systems installations, while its $750,000 spaceflight tranche oversubscribed and added over $50 million to expected future revenue, and the company maintained its forecast for positive quarterly cash flow within 2027.
Bullish
- + $750,000 tranche oversubscribed, adding over $50 million to expected future spaceflight revenue, with a higher-priced tranche planned this fall.
- + Maintained guidance for positive quarterly cash flow within 2027, with second spaceship joining fleet in March 2027 supporting flight cadence.
- + Net loss narrowed to $56 million from $67 million year-over-year, aided by an $8.6 million gain on debt extinguishment and lower operating expenses.
- + Forecasted lifetime contribution margin of over $1.4 billion per new spaceship, with annualized adjusted EBITDA potential of over $1 billion across two fully utilized spaceports.
Bearish
- − First commercial spaceflight pushed to February 2027 from a previously expected Q4 2026 timeline due to systems installation delays.
- − Q3 2026 free cash flow guided to negative $95 million to $100 million, a deterioration from the $91 million negative in Q2, due to temporary CapEx increase.
- − Q3 and Q4 2026 will absorb added labor and scheduling expenses as two shifts, seven days a week are deployed to maintain 2027 flight cadence.
- − Revenue of just $0.1 million in Q2 2026, down from $0.4 million in Q2 2025, with no spaceflight revenue recognized until commercial service begins in February 2027.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Neutral
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 16.3 · calm
Equity put/call 0.67
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−5%
below
Price vs 50-day avg
+3%
above
RSI (14)
47
neutral
MACD trend
Negative
52-week position
14%
near low
Momentum
relative strength
1-month return
−1%
trailing
6-month return
+14%
trailing
YTD return
−9%
this year
Relative strength
+1%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $3 › 200d $3 — 200d above 50d
Institutional flow
Accumulating
+22% holders QoQ · +78 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
25.68% of float · ▲ +0.7% MoM · 3.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
202 holders — mid 3-yr range
Squeeze score
59
elevated · 0–100
Fundamentals
Revenue growth
−78%
Y/Y
Gross margin
196%
expanding
EPS growth
+61%
Y/Y
Free cash flow
$-438.2M
Balance sheet
$179.5M
net debt
Quant / Vol
risk profile
Volatility
110%
annualized · 1-yr
Max drawdown
−68%
past year
ATR
6.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−5%
Neutral
Price vs 50-day avg
+3%
Bullish
RSI (14)
47
Neutral
MACD trend
Negative
Bearish
52-week position
14%
Bearish
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $3 › 200d $3 — 200d above 50d
Institutional flow
Accumulating
+22% holders QoQ · +78 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
25.68% of float · ▲ +0.7% MoM · 3.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
202 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $2
Now $3 · 14%
Range high $8
vs 200-day avg -5%
vs 50-day avg +3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SPCE
this stock
Virgin Galactic Holdings, Inc
|
$444.93M | -9.3% | -78.1% | — | 25.7% |
|
SPCX
Space Exploration Technologies Corp
|
$1.85T | — | — | — | 1.4% |
|
GE
General Electric Co
|
$344.15B | +7.5% | +18.5% | 39.1 | 1.3% |
|
RTX
RTX Corp
|
$276.51B | +11.9% | +17.1% | 36.1 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$180.46B | -3.2% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
Raw-price comparisons begin at the captured split on Jun 17, 2024; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SPCE | -2.0% | -1.4% | +14.1% | -0.3% | -9.4% |
| SPY | -0.5% | -1.2% | +12.6% | -0.7% | +11.7% |
| vs SPY | -1.5% | -0.1% | +1.5% | +0.4% | -21.1% |
Key facts
CIK
1706946
CUSIP
92766K403
13F (30d)
143 filings
142 filers
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