Commercial spaceflight company developing reusable spacecraft for space tourism and research missions.MoreShow less
Profile & Fundamentals
Virgin Galactic (SPCE.NYSE) Profile & Fundamentals
Review Virgin Galactic reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Virgin Galactic: Company Profile & Ownership
Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. has a Cooperative Research and Development Agreement with the Air Force Research Laboratory to Advance Space Weather Science. Virgin Galactic Holdings, Inc. is headquartered in Tustin, California.
Company profile record
Virgin Galactic Holdings Inc
Common Stock · Industrials · Aerospace & Defense
Company
- Company / asset
- Virgin Galactic Holdings Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Aerospace & Defense
- HQ
- 🇺🇸 United States
- Head office
- 1700 Flight Way, Tustin, CA, United States, 92782
Leadership & scale
- Chief executive
- Mr. Michael A. Colglazier
- CEO year born
- 1967
- Full-time employees
- 694
- Fiscal year end
- December
- IPO date
- 2019-10-28
Fundamentals snapshot
- Market Cap
- USD 306.8M
- P/E
- --
- Revenue (Q2 26)
- USD 134.0K
- Profit (Q2 26)
- USD -55.9M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 1.5M
- Shares in public float
- 150.9M
- Insider ownership
- 0.39%
Reporting & identifiers
- Symbol
- SPCE.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US85571B1052
- Asset ID
- equity_d1faf0de-bcdf-5295-8684-9aa04dc9827b
Virgin Galactic: Ownership
Shares Outstanding
Latest: 110.8M | Max: 194.4M | Min: 9.7M
Latest reported ownership snapshot
Float Shares
136.21%
150.9M latest reported shares
Insider Ownership
0.39%
Latest reported insider stake
Short Float
0.26%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 194,378,200 |
| 2018-01-01 | 9,683,200 |
| 2019-01-01 | 9,826,200 |
| 2020-01-01 | 11,836,100 |
| 2021-01-01 | 12,894,400 |
| 2022-01-01 | 13,745,100 |
| 2023-01-01 | 19,988,300 |
| 2024-01-01 | 30,254,000 |
| 2025-01-01 | 64,232,000 |
| 2026-01-01 | 110,757,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 8,458,648 | 5.58% | 2026-06-30 |
| State Street Corp | 7,931,674 | 5.23% | 2026-06-30 |
| Context Capital Management LLC | 6,559,681 | 4.33% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 4,976,104 | 3.28% | 2026-09-30 |
| Vanguard Capital Management, LLC | 4,457,274 | 2.94% | 2026-06-30 |
| Stt Strt® SPDR® S&P® Arspc & Dfnc ETF | 4,104,318 | 2.71% | 2026-10-29 |
| UBS Group AG | 3,499,746 | 2.31% | 2026-06-30 |
| iShares Russell 2000 ETF | 3,397,986 | 2.24% | 2026-10-29 |
| Renaissance Technologies Corp | 2,808,095 | 1.85% | 2026-06-30 |
| Geode Capital Management, LLC | 2,526,404 | 1.67% | 2026-06-30 |
| Millennium Management LLC | 1,524,672 | 1.01% | 2026-06-30 |
| iShares US Aerospace & Defense ETF | 1,422,952 | 0.94% | 2026-10-29 |
| iShares Russell 2000 Value ETF | 1,259,734 | 0.83% | 2026-10-28 |
| Fidelity Small Cap Index | 1,052,404 | 0.69% | 2026-07-31 |
| Susquehanna International Group, LLP | 1,017,706 | 0.67% | 2026-06-30 |
Virgin Galactic: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Virgin Galactic's financial performance currently reflects an intentional commercial pause rather than an active business. For the trailing twelve months ended June 2026, revenue stood at just $1.04 million, as passenger flights remained halted following the retirement of VSS Unity. The company recorded a net loss of $248 million over the same period, driven by the substantial fixed expenses required to develop its next-generation Delta spacecraft. While reported losses narrowed in recent quarters, this optical improvement stems from slashing research budgets rather than selling tickets. Trailing free cash flow was negative $386 million, demonstrating severe underlying cash burn. True financial recovery cannot begin until passenger flights resume and generate recurring, multi-million-dollar receipts.
Virgin Galactic's financial performance currently reflects an intentional commercial pause rather than an active business. For the trailing twelve months ended June 2026, revenue stood at just $1.04 million, as passenger flights remained halted following the retirement of VSS Unity. The company recorded a net loss of $248 million over the same period, driven by the substantial fixed expenses required to develop its next-generation Delta spacecraft. While reported losses narrowed in recent quarters, this optical improvement stems from slashing research budgets rather than selling tickets. Trailing free cash flow was negative $386 million, demonstrating severe underlying cash burn. True financial recovery cannot begin until passenger flights resume and generate recurring, multi-million-dollar receipts.
Revenue, Net Income, and Free Cash Flow
Latest: USD 1.5M | Max: USD 11.0M | Min: USD -644.9M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins are currently deeply negative and offer little analytical meaning. With annual revenue near $1 million and operating costs exceeding $250 million, profit ratios are capped at extreme negative values. This distortion reflects the immense fixed cost of spaceport leases, maintenance technicians, and aerospace engineers running without active spaceflights. Future profitability depends entirely on the unit economics of the Delta fleet. Carrying six passengers at $750,000 each generates $4.5 million in gross revenue per flight against direct costs under $1 million. However, corporate-level profitability will remain elusive until flight frequency accelerates to several dozen missions annually.
Profitability margins are currently deeply negative and offer little analytical meaning. With annual revenue near $1 million and operating costs exceeding $250 million, profit ratios are capped at extreme negative values. This distortion reflects the immense fixed cost of spaceport leases, maintenance technicians, and aerospace engineers running without active spaceflights. Future profitability depends entirely on the unit economics of the Delta fleet. Carrying six passengers at $750,000 each generates $4.5 million in gross revenue per flight against direct costs under $1 million. However, corporate-level profitability will remain elusive until flight frequency accelerates to several dozen missions annually.
Profitability Margins
Latest: <-100.0% | Max: >100.0% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
-5680.7%
Gross profit / revenue
Operating Margin
-18335.0%
Operating income / revenue
Net Margin
-18063.9%
Net income / revenue
FCF Margin
-28380.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-12-31 | 1,754,000 | 1,330,720 | -6,249,695 |
| 2018-12-31 | 2,849,000 | 10,965,012 | -11,736,655 |
| 2019-12-31 | 3,781,000 | -210,935,000 | -222,967,000 |
| 2020-12-31 | 238,000 | -644,887,000 | -250,360,000 |
| 2021-12-31 | 3,292,000 | -352,899,000 | -235,398,000 |
| 2022-12-31 | 2,312,000 | -500,152,000 | -396,730,000 |
| 2023-12-31 | 6,800,000 | -502,337,000 | -492,502,000 |
| 2024-12-31 | 7,036,000 | -346,740,000 | -474,558,000 |
| 2025-12-31 | 1,544,000 | -278,907,000 | -438,187,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-12-31 | 72.18 | -7,981.76 | 75.87 | -356.31 |
| 2018-12-31 | 52.83 | -47.17 | 384.87 | -411.96 |
| 2019-12-31 | 47 | -5,640.36 | -5,578.82 | -5,897.04 |
| 2020-12-31 | 27.31 | -115,665.55 | -270,960.92 | -105,193.28 |
| 2021-12-31 | 91.74 | -9,706.41 | -10,719.9 | -7,150.61 |
| 2022-12-31 | 17.56 | -21,625.61 | -21,632.87 | -17,159.6 |
| 2023-12-31 | -643.21 | -7,816.31 | -7,387.31 | -7,242.68 |
| 2024-12-31 | -1,179.48 | -5,352.89 | -4,928.08 | -6,744.71 |
| 2025-12-31 | -5,680.7 | -18,335.04 | -18,063.92 | -28,379.99 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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