Virgin Galactic Holdings, Inc. (SPCE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SPCE SEC filings page.
Virgin Galactic Holdings, Inc. (SPCE) reported $1.0M in revenue over the twelve months to Jun 30, 2026, down 38.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Virgin Galactic remains a development-stage business: minimal revenue sits beside large cash requirements and a shrinking asset base.
Operating cash outflow narrowed from$352.7M in FY2024 to$240.1M in FY2025, but free cash flow remained more negative than operating cash flow. That gap indicates reinvestment, rather than day-to-day operations alone, continued absorbing substantial cash.
FY2025 R&D investment was
Debt-to-equity eased from 1.3x in FY2024 to 1.0x in FY2025, but liabilities still represented about two-thirds of assets; the improvement was relative, not a shift to a lightly financed balance sheet. FY2025 financing cash flow of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Virgin Galactic Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Virgin Galactic Holdings, Inc. held $307.0M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $240.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Virgin Galactic Holdings, Inc. scores 39/100 among other emerging companies.
Virgin Galactic Holdings, Inc. had 81M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Virgin Galactic Holdings, Inc. scores 88/100 among other emerging companies.
Virgin Galactic Holdings, Inc. spent $80.5M on research and development in fiscal year 2025, which was 28.0% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Virgin Galactic Holdings, Inc. scores 61/100 among other emerging companies.
Virgin Galactic Holdings, Inc. reported revenue of $1.5M in fiscal year 2025, against $7.0M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Virgin Galactic Holdings, Inc. scores 5/100 among other emerging companies.
Virgin Galactic Holdings, Inc.'s operations used $240.1M of cash in fiscal year 2025, against $352.7M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Virgin Galactic Holdings, Inc. scores 70/100 among other emerging companies.
Virgin Galactic Holdings, Inc.'s cash, cash equivalents and investments came to $307.0M at the end of fiscal year 2025, against $529.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Virgin Galactic Holdings, Inc. scores 46/100 among other emerging companies.
Virgin Galactic Holdings, Inc. scores -5.19, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($465.4M) relative to total liabilities ($529.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Virgin Galactic Holdings, Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Virgin Galactic Holdings, Inc. reported a net loss of $279K while operations used $240.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Virgin Galactic Holdings, Inc. reported an operating loss of $285.3M against $12.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Virgin Galactic Holdings, Inc. generated $134K in revenue in Q2 2026. This represents a decrease of 67.0% from the same quarter a year earlier. Against the prior quarter it is down 41.0%.
Virgin Galactic Holdings, Inc.'s EBITDA was -$60.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.3% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.
Virgin Galactic Holdings, Inc. reported -$55.9M in net income in Q2 2026. This represents an increase of 16.9% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.
Virgin Galactic Holdings, Inc. earned -$0.50 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 38.3%.
Cash & Balance Sheet
Virgin Galactic Holdings, Inc. recorded an outflow of $90.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 20.3% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.
Virgin Galactic Holdings, Inc. held $187.3M in cash against $189.1M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Virgin Galactic Holdings, Inc.'s ROE was -14.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 11.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.8 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Virgin Galactic Holdings, Inc. invested $4.3M in research and development in Q2 2026. This represents a decrease of 78.4% from the same quarter a year earlier. Against the prior quarter it is down 35.4%.
Virgin Galactic Holdings, Inc. invested $40.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 30.5% from the same quarter a year earlier. Against the prior quarter it is up 1.9%.
Not reported for Q2 2026.
SPCE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $134K-67.0% | $227K-50.8% | $312K-27.3% | $365K-9.2% | $406K-90.4% | $461K-76.8% | $429K-84.7% | $402K-76.7% |
| Cost of Revenue | $28.2M+98.4% | $29.6M+42.3% | $18.2M-10.0% | $19.5M-1.9% | $14.2M-47.9% | $20.8M-7.8% | $20.3M-16.7% | $19.9M-22.5% |
| Gross Profit | -$28.0M-103.2% | -$29.4M-44.4% | -$17.9M+9.6% | -$19.1M+1.7% | -$13.8M+40.2% | -$20.4M+1.2% | -$19.8M+7.8% | -$19.5M+18.6% |
| R&D Expenses | $4.3M-78.4% | $6.7M-79.8% | $12.1M-57.2% | $15.0M-37.5% | $20.1M-51.6% | $33.3M-43.5% | $28.2M-47.6% | $23.9M-46.6% |
| SG&A Expenses | $28.6M-10.3% | $25.6M-16.4% | $26.8M-9.8% | $28.0M-17.7% | $31.9M-6.1% | $30.6M+9.6% | $29.7M-3.7% | $34.0M-19.5% |
| Operating Income | -$64.9M+7.2% | -$65.6M+25.8% | -$60.8M+25.8% | -$66.2M+19.0% | -$69.9M+31.3% | -$88.4M+20.4% | -$82.0M+28.3% | -$81.7M+28.5% |
| EBITDA | -$60.9M+7.3% | -$61.7M+26.8% | -$56.8M+27.0% | -$62.0M+19.8% | -$65.8M+33.3% | -$84.2M+21.6% | -$77.8M+29.7% | -$77.4M+30.3% |
| Interest Expense | $2.0M-38.6% | $1.8M-43.6% | $3.0M-5.9% | $3.3M+0.5% | $3.2M+0.5% | $3.2M+0.4% | $3.2M+0.4% | $3.2M+0.4% |
| Income Tax | $30K+181.1% | $30K-37.5% | $41K+128.3% | $0-100.0% | -$37K-208.8% | $48K-40.0% | -$145K-160.9% | $105K+98.1% |
| Net Income | -$55.9M+16.9% | -$64.7M+23.4% | $215.9M-20.0% | -$64.4M+13.6% | -$67.3M+28.3% | -$84.5M+17.2% | $270.0M-32.1% | -$74.5M+28.7% |
| EPS (Basic) | -$0.50+66.0% | -$0.81+66.0% | -$0.83+62.8% | -$1.09+59.0% | -$1.47+66.3% | -$2.38+53.3% | -$2.23-869.6% | -$2.66+52.2% |
| EPS (Diluted) | -$0.50 | -$0.81 | -$0.83 | -$1.09 | -$1.47 | -$2.38 | -$2.23-869.6% | -$2.66+52.2% |
| Diluted Shares (Avg) | 111M | 79M | N/A | 59M | 46M | 35M | N/A | 28M+48.9% |
SPCE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $816.3M-9.2% | $750.2M-17.0% | $803.2M-16.4% | $853.5M-16.0% | $898.8M-15.4% | $903.9M-16.2% | $961.2M-18.5% | $1.0B-19.8% |
| Current Assets | $312.6M-41.3% | $283.5M-48.2% | $372.9M-40.6% | $459.0M-35.6% | $532.8M-36.9% | $547.6M-34.6% | $627.9M-34.0% | $713.2M-33.7% |
| Cash & Equivalents | $187.3M+14.5% | $124.8M-11.3% | $144.7M-19.0% | $128.8M-25.3% | $163.5M-10.3% | $140.8M-28.0% | $178.6M-17.6% | $172.4M-25.4% |
| Short-Term Investments | $67.7M-77.9% | $95.1M-72.7% | $162.3M-57.8% | $264.8M-44.7% | $305.8M-48.5% | $348.8M-38.8% | $384.6M-41.5% | $478.7M-37.5% |
| Long-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $8.2M-34.3% | $45.6M-32.0% | $61.3M-14.4% | $60.4M+13.7% |
| Total Liabilities | $420.2M-33.9% | $526.5M-16.7% | $529.2M-17.2% | $627.6M-3.5% | $635.4M-4.8% | $631.8M-4.4% | $638.9M-5.2% | $650.3M-2.7% |
| Current Liabilities | $192.5M+22.3% | $282.6M+96.5% | $209.3M+39.5% | $160.0M+1.3% | $157.4M-12.2% | $143.8M-16.3% | $150.0M-19.2% | $157.9M-12.3% |
| Non-Current Liabilities | $227.6M-52.4% | $243.9M-50.0% | $319.9M-34.6% | $467.6M-5.0% | $478.0M-2.1% | $487.9M-0.2% | $488.9M+0.1% | $492.4M+0.8% |
| Long-Term Debt | $189.1M | $202.7M | $276.4M-34.2% | N/A | N/A | N/A | $420.1M | N/A |
| Total Equity | $396.1M+50.4% | $223.7M-17.8% | $274.0M-15.0% | $225.9M-38.3% | $263.4M-33.3% | $272.2M-34.8% | $322.3M-36.2% | $366.0M-38.9% |
| Retained Earnings | -$2.9B-9.4% | -$2.8B-10.1% | -$2.8B-11.3% | -$2.7B-12.2% | -$2.6B-13.0% | -$2.6B-14.8% | -$2.5B-16.3% | -$2.4B-18.5% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
SPCE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$50.2M+9.5% | -$53.5M+29.5% | -$52.5M+35.2% | -$56.3M+29.0% | -$55.4M+29.9% | -$75.9M+33.0% | -$81.0M+15.0% | -$79.3M+13.3% |
| Depreciation & Amortization | $4.0M-4.5% | $3.9M-7.3% | $4.0M-4.7% | $4.1M-5.2% | $4.2M+28.1% | $4.2M+14.2% | $4.2M+14.4% | $4.3M+32.1% |
| Stock-Based Compensation | $6.8M+41.2% | $4.1M-13.6% | N/A | $4.7M-37.6% | $4.8M-41.3% | $4.8M-42.2% | N/A | $7.6M-29.8% |
| Capital Expenditures | $40.6M-30.5% | $39.8M-13.6% | $42.2M+18.0% | $51.5M+33.2% | $58.4M+69.6% | $46.0M+252.3% | $35.7M+94.4% | $38.7M+190.1% |
| Free Cash Flow | -$90.7M+20.3% | -$93.3M+23.5% | -$94.6M+18.9% | -$107.8M+8.6% | -$113.8M-0.2% | -$122.0M+3.4% | -$116.7M-2.7% | -$118.0M-12.5% |
| Investing Cash Flow | -$12.8M-155.2% | $27.8M+271.6% | $61.0M+3.0% | -$767K-102.3% | $23.2M+3899.8% | $7.5M-91.0% | $59.2M-26.2% | $32.8M+113.4% |
| Financing Cash Flow | $125.9M+133.8% | $5.5M-81.6% | $8.4M-69.9% | $22.1M-39.2% | $53.9M-14.5% | $29.7M+331.2% | $28.0M+6579.6% | $36.4M-82.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SPCE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -20931.3% | -12957.3% | -5746.1% | -5241.6% | -3399.0% | -4417.6% | -4625.2% | -4843.8% |
| Operating Margin | -48452.2% | -28895.2% | -19483.0% | -18127.7% | -17227.1% | -19186.1% | -19103.3% | -20330.4% |
| Net Margin | -41708.2% | -28508.8% | 69200.4% | -17648.5% | -16571.4% | -18326.9% | 62932.5% | -18542.3% |
| Return on Equity | -14.1%+11.4pp | -28.9%+2.1pp | 78.8%-5.0pp | -28.5%-8.2pp | -25.6%-1.8pp | -31.0%-6.6pp | 83.8%+5.1pp | -20.4%-2.9pp |
| Return on Assets | -6.9%+0.6pp | -8.6%+0.7pp | 26.9%-1.2pp | -7.5%-0.2pp | -7.5%+1.3pp | -9.3%+0.1pp | 28.1%-5.6pp | -7.3%+0.9pp |
| Current Ratio | 1.62-1.8x | 1.00-2.8x | 1.78-2.4x | 2.87-1.6x | 3.38-1.3x | 3.81-1.1x | 4.19-0.9x | 4.52-1.5x |
| Debt-to-Equity | 0.48-1.9x | 0.91-1.4x | 1.01-0.3x | 2.78+1.0x | 2.41+0.7x | 2.32+0.7x | 1.300.0x | 1.78+0.7x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
| FCF Margin | -67714.9% | -41104.8% | -30329.5% | -29530.7% | -28031.3% | -26456.6% | -27213.0% | -29344.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Virgin Galactic Holdings, Inc. SPCE | FY2025 | $1.5M | -$279K | -18.1% | $465.4M | 52/100 |
| Innovative Solutions & Support ISSC | FY2025 | $84.3M | $15.6M | 18.5% | $443.5M | 77/100 |
| Outdoor Holding Company POWW | FY2026 | $51.1M | -$3.5M | -6.9% | $260.0M | 46/100 |
| Safe Pro Group Inc. SPAI | FY2025 | $607K | -$14.3M | N/A | $89.2M | — |
| VisionWave Holdings, Inc. VWAV | FY2025 | N/A | -$6.5M | N/A | $10.3M | — |
| Draganfly Inc. DPRO | FY2023 | N/A | N/A | N/A | $191.8M | — |
Where Virgin Galactic Holdings, Inc. Ranks
Frequently Asked Questions
What is Virgin Galactic Holdings, Inc.'s annual revenue?
Virgin Galactic Holdings, Inc. (SPCE) reported $1.5M in total revenue for fiscal year 2025. This represents a -78.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Virgin Galactic Holdings, Inc.'s revenue growing?
Virgin Galactic Holdings, Inc. (SPCE) revenue declined by 78.1% year-over-year, from $7.0M to $1.5M in fiscal year 2025.
Is Virgin Galactic Holdings, Inc. profitable?
No, Virgin Galactic Holdings, Inc. (SPCE) reported a net income of -$279K in fiscal year 2025, with a net profit margin of -18.1%.
What is Virgin Galactic Holdings, Inc.'s EBITDA?
Virgin Galactic Holdings, Inc. (SPCE) had EBITDA of -$268.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Virgin Galactic Holdings, Inc. have?
As of fiscal year 2025, Virgin Galactic Holdings, Inc. (SPCE) had $144.7M in cash and equivalents against $276.4M in long-term debt.
What is Virgin Galactic Holdings, Inc.'s net profit margin?
Virgin Galactic Holdings, Inc. (SPCE) had a net profit margin of -18.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Virgin Galactic Holdings, Inc.'s return on equity (ROE)?
Virgin Galactic Holdings, Inc. (SPCE) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Virgin Galactic Holdings, Inc.'s free cash flow?
Virgin Galactic Holdings, Inc. (SPCE) recorded an outflow of $438.2M in free cash flow during fiscal year 2025. This represents a 7.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Virgin Galactic Holdings, Inc.'s operating cash flow?
Virgin Galactic Holdings, Inc. (SPCE) recorded an outflow of $240.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Virgin Galactic Holdings, Inc.'s total assets?
Virgin Galactic Holdings, Inc. (SPCE) had $803.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Virgin Galactic Holdings, Inc.'s capital expenditures?
Virgin Galactic Holdings, Inc. (SPCE) invested $198.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Virgin Galactic Holdings, Inc. spend on research and development?
Virgin Galactic Holdings, Inc. (SPCE) invested $80.5M in research and development during fiscal year 2025.
What is Virgin Galactic Holdings, Inc.'s current ratio?
Virgin Galactic Holdings, Inc. (SPCE) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
What is Virgin Galactic Holdings, Inc.'s debt-to-equity ratio?
Virgin Galactic Holdings, Inc. (SPCE) had a debt-to-equity ratio of 1.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Virgin Galactic Holdings, Inc.'s return on assets (ROA)?
Virgin Galactic Holdings, Inc. (SPCE) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Virgin Galactic Holdings, Inc.'s P/E ratio?
Virgin Galactic Holdings, Inc. (SPCE) trades at 15.1x earnings, its market capitalization divided by net income of $30.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $465.4M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Virgin Galactic Holdings, Inc.'s price-to-sales ratio?
Virgin Galactic Holdings, Inc. (SPCE) trades at 448x sales, its market capitalization divided by revenue of $1.0M revenue, trailing 12 months to June 30, 2026. The market capitalization is $465.4M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Virgin Galactic Holdings, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Virgin Galactic Holdings, Inc. (SPCE) held $307.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $240.1M over that year. Dividing the one by the other, the reported balance equals about 15 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Virgin Galactic Holdings, Inc.'s Altman Z-Score?
Virgin Galactic Holdings, Inc. (SPCE) has an Altman Z-Score of -5.19, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Virgin Galactic Holdings, Inc.'s Piotroski F-Score?
Virgin Galactic Holdings, Inc. (SPCE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Virgin Galactic Holdings, Inc.'s earnings high quality?
Virgin Galactic Holdings, Inc. (SPCE) reported a net loss of $279K while operations used $240.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Virgin Galactic Holdings, Inc. cover its interest payments?
Virgin Galactic Holdings, Inc. (SPCE) reported an operating loss of $285.3M against $12.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Virgin Galactic Holdings, Inc.?
Virgin Galactic Holdings, Inc. (SPCE) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.