Virgin Galactic Holdings, Inc
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.5M | $7.0M | $6.8M | $2.3M | $3.3M |
| Cost of revenue | $72.8M | $90.0M | $50.5M | $1.9M | $272,000 |
| Gross profit | — | — | — | — | $3.0M |
| Selling, general & administrative | $117.2M | $125.5M | $174.9M | $175.1M | $166.8M |
| Research and development | $80.5M | $152.7M | $295.1M | $314.2M | $144.2M |
| Operating income | -$285.3M | -$376.6M | -$531.5M | -$500.0M | -$319.5M |
| Interest expense | $12.8M | $12.9M | $12.9M | $12.1M | $25,000 |
| Pretax income | -$278.9M | -$346.7M | -$501.9M | -$499.6M | -$352.8M |
| Income tax expense | $52,000 | $74,000 | $453,000 | $598,000 | $79,000 |
| Net income | -$278.9M | -$346.7M | -$502.3M | -$500.2M | -$352.9M |
| Balance Sheet | |||||
| Cash and equivalents | $144.7M | $178.6M | $216.8M | $302.3M | $524.5M |
| Current assets | $372.9M | $627.9M | $950.8M | $1.0B | $678.6M |
| Total assets | $803.2M | $961.2M | $1.2B | $1.1B | $1.1B |
| Current liabilities | $209.3M | $150.0M | $185.7M | $184.1M | $131.5M |
| Total liabilities | $529.2M | $638.9M | $674.0M | $659.7M | $174.6M |
| Total debt | $282.9M | $425.0M | — | — | — |
| Stockholders' equity | $274.0M | $322.3M | $505.5M | $480.2M | $894.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$240.1M | -$352.7M | -$448.2M | -$380.2M | -$230.8M |
| Depreciation and amortization | $16.5M | $15.5M | $13.4M | $11.1M | $11.5M |
| Stock-based compensation | $18.7M | $29.8M | $44.3M | $45.7M | $61.8M |
| Capital expenditure | $198.0M | $121.9M | $44.3M | $16.5M | $4.6M |
| Free cash flow | -$438.2M | -$474.6M | -$492.5M | -$396.7M | -$235.4M |
| Impairments | — | — | — | — | $0 |
Shares outstanding 100.7M · Free float 99.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.