SPCE · Virgin Galactic Holdings, Inc
$2.95
+0.04 (+1.37%)
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
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$1.54M
-78.1%
FY2025
Net Income
-$278.91M
+19.6%
FY2025
Gross Margin
91.74%
+64.4pp
FY2021
Operating Margin
-18480.76%
-13127.9pp
FY2025
Diluted EPS
-$5.44
+60.8%
FY2025
Operating Cash Flow
-$240.14M
+31.9%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| $1.04M | $1.54M | $7.04M | $6.8M | $2.31M | $3.29M | $238K | $3.78M | $2.85M | $1.75M | |
| $95.56M | $72.77M | $90.02M | $50.54M | $1.91M | $272K | $173K | $2M | $1.2M | $488K | |
| — | — | — | — | — | $3.02M | $65K | $1.78M | $1.65M | $1.27M | |
| — | — | — | — | — | 91.74% | 27.31% | 47% | 57.84% | 72.18% | |
| $38.09M | $80.47M | $152.68M | $295.14M | $314.17M | $144.22M | $154.37M | $132.87M | $117.93M | $93.09M | |
| $108.87M | $117.17M | $125.5M | $174.86M | $175.12M | $166.81M | $111.2M | $82.17M | $50.9M | $46.89M | |
| $15.99M | $16.49M | $15.47M | $13.37M | $11.1M | $11.52M | $9.78M | $7M | $5.81M | $5.15M | |
| — | — | $0 | $4.4M | $0 | $0 | — | — | — | — | |
| $7.14M | — | — | — | — | — | — | — | $1.34M | — | |
| $258.51M | $286.89M | $383.67M | $538.31M | $502.3M | $322.83M | $275.52M | — | — | — | |
| -$257.47M | -$285.34M | -$376.63M | -$531.51M | -$499.98M | -$319.54M | -$275.28M | -$213.26M | -$167.19M | -$138.71M | |
| — | -18480.76% | -5352.89% | -7816.31% | -21625.61% | -9706.41% | -115665.55% | -5640.36% | -5868.23% | -7907.92% | |
| -$241.48M | -$268.86M | -$361.16M | -$518.14M | -$488.89M | -$308.02M | -$265.5M | -$206.26M | -$161.38M | -$133.56M | |
| $10.12M | $12.78M | $12.93M | $12.87M | $12.13M | $25K | $36K | $36K | $10K | $21K | |
| $13.89M | $21.84M | $42.35M | $42.23M | $12.5M | $1.21M | $2.28M | $2.26M | $633K | $241K | |
| $212K | $226K | $538K | $263K | $58K | $182K | $14K | $128K | $28.57M | — | |
| -$247.64M | -$278.86M | -$346.67M | -$501.88M | -$499.55M | -$352.82M | -$644.88M | -$215.05M | -$137.99M | -$138.03M | |
| $101K | $52K | $74K | $453K | $598K | $79K | $6000 | $62K | $147K | $155K | |
| -$247.74M | -$278.91M | -$346.74M | -$502.34M | -$500.15M | -$352.9M | -$644.89M | -$215.12M | -$138.14M | -$138.19M | |
| — | -18063.92% | -4928.08% | -7387.31% | -21632.87% | -10719.9% | -270960.92% | -5689.37% | -4848.68% | -7878.39% | |
| -$247.67M | -$279.05M | -$346.83M | -$494.64M | -$505.61M | -$354.77M | -$644.94M | -$215.14M | -$138.19M | -$138.21M | |
| USD/shares | -$2.90 | -$5.44 | -$13.89 | -$29.79 | -$37.80 | -$28.60 | -$58.80 | -$22.20 | — | — |
| USD/shares | -$2.90 | -$5.44 | -$13.89 | -$29.79 | -$37.80 | -$28.60 | -$58.80 | -$22.20 | — | — |
| shares | — | 51.24M | 24.96M | 16.86M | 13.2M | 12.38M | 10.96M | 9.72M | 9.68M | 9.68M |
| shares | — | 51.24M | 24.96M | 16.86M | 13.2M | 12.38M | 10.96M | 9.72M | 9.68M | 9.68M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
393.95×
Peer median 3.64×
EV/EBIT
—
Peer median 14.71×
P/E (TTM)
—
Peer median 29.72×
Peer medians compare against the 35 similar-size Aerospace & Defense companies (of 82 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|
| Technology Service | $200,000 | $2,800,000 | $1,200,000 | $1,000,000 |
| Spaceflight Operations | — | $800,000 | $800,000 | — |
| Sponsorship Revenue | — | $200,000 | $800,000 | $800,000 |
Key facts
CIK
1706946
CUSIP
92766K403
13F (30d)
146 filings
143 filers
Visit website
Investor relations