SPCE · Virgin Galactic Holdings, Inc · Financials
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
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| 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 | |
| -$94.52M | -$71.23Md | -$82.99Md | -$43.74Md | $406Kd | $3.02M | $65K | $1.78M | $1.65M | $1.27M | |
| — | -4613.02%d | -1179.48%d | -643.21%d | 17.56%d | 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 | — | — | — | — | |
| — | — | — | — | — | — | — | — | $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 |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Finance lease liabilities | 2026-06-30 | USD 244,000 | 10-Q filed 2026-08-12 |
| Long-term debt, including current maturities | 2026-06-30 | USD 219,039,000 | 10-Q filed 2026-08-12 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Operating lease liabilities | 2026-06-30 | USD 46,051,000 | 10-Q filed 2026-08-12 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
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
Peer medians compare against the 42 similar-size Aerospace & Defense companies (of 90 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 |