SPCE · Virgin Galactic Holdings, Inc
$3.06
+0.07 (+2.17%)
At close · Oct 2
Return incl. dividend (before tax)
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
$483.59M
Shares
151.60M
Volume · Oct 2
746.05K
Avg daily vol (3M)
7.89M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$2.99
Open$2.98
Day$2.88–3.03
52W close$2.17–7.52
Avg vol 30d5.5M
Short int33.9M · 22.3% float · 6.9d
Short vol64%
Last earningsAug 12, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 12
Up next
Next earnings call
Nov 15, 2026
Est · unconfirmed
· in 6 wks
filed Aug 12, 2026
call held 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
-79.9%
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)
-22.1%
Trailing year
Short interest
22.3%
Latest settlement · 6.9 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
Buy
Momentum
Weak
Sentiment
Bullish
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 16.4 · calm
Equity put/call 0.57
Technical
price trend
50 / 200-day cross
Golden cross
Price vs 200-day avg
+0%
above
Price vs 50-day avg
+0%
above
RSI (14)
47
neutral
MACD trend
Negative
52-week position
15%
mid-range
Momentum
relative strength
1-month return
+1%
trailing
6-month return
−1%
trailing
YTD return
−7%
this year
Relative strength
−13%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
Golden cross
50d $3 › 200d $3 — 50d above 200d
Institutional flow
Accumulating
+22% holders QoQ · +76 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
22.33% of float · ▼ -6.2% MoM · 6.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
203 holders — mid 3-yr range
Squeeze score
78
high risk · 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
109%
annualized · 1-yr
Max drawdown
−68%
past year
ATR
5.8%
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.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 12, 2026
one fully utilized spaceport
Adjusted EBITDA
Non-GAAP
at least $450M
two fully utilized spaceports
Adjusted EBITDA
Non-GAAP
at least $1B
Guided vs delivered
· last 3 settled
Revenue
second quarter of 2024
guided $3.5M
$4.22M
Beat +20.6%
Revenue
first quarter of 2024
guided $2M
$1.99M
Miss −0.8%
Revenue
fourth quarter of 2023
guided $3M
$2.81M
Miss −6.4%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
Golden cross
Bullish
Price vs 200-day avg
+0%
Bullish
Price vs 50-day avg
+0%
Bullish
RSI (14)
47
Neutral
MACD trend
Negative
Bearish
52-week position
15%
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
Golden cross
50d $3 › 200d $3 — 50d above 200d
Institutional flow
Accumulating
+22% holders QoQ · +76 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
22.33% of float · ▼ -6.2% MoM · 6.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
203 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $2
Now $3 · 15%
Range high $8
vs 200-day avg +0%
vs 50-day avg +0%
50-day above 200-day golden cross
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -106.52M | Six Months Ended June 30, 2026 | — |
| Cash paid for capital expenditures | $41M | Q2 2026 | — |
| Cash, cash equivalents and marketable securities | $286M | Q2 2026 | — |
| Expected future spaceflight revenue addition from new tranche | $50M | Q2 2026 | — |
| Free cash flow non-GAAP | -184.05M | Six Months Ended June 30, 2026 | — |
| Gross proceeds from at-the-market offering | $134M | Q2 2026 | — |
| Net cash used in operating activities | $50M | Q2 2026 | — |
| Non-GAAP total operating expenses non-GAAP | 112.04M | Six Months Ended June 30, 2026 | — |
| Shares issued via at-the-market offering | 41M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
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
|
$483.59M | -6.9% | -78.1% | — | 22.3% |
|
SPCX
Space Exploration Technologies Corp
|
$1.96T | — | — | — | 1.2% |
|
GE
General Electric Co
|
$339.38B | +1.4% | +18.5% | 38.5 | 1.5% |
|
RTX
RTX Corp
|
$255.27B | +0.9% | +17.1% | 33.4 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$174.13B | -10.7% | — | — | 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
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SPCE | -6.6% | +1.4% | -1.0% | +0.0% | -6.9% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -6.1% | +1.5% | -13.4% | -0.2% | -18.9% |
Key facts
CIK
1706946
CUSIP
92766K403
13F (30d)
12 filings
4 filers
Visit website
Investor relations