What is Virgin Galactic Holdings Inc's earnings per share (EPS)?

Virgin Galactic Holdings Inc (SPCE) reported diluted earnings per share of $-5.44 for fiscal year 2025. This represents a -39036.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Virgin Galactic Holdings Inc Financials

SPCE

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Virgin Galactic Holdings Inc (SPCE) financial statements, including the 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).

Rhea AI SPCE FY2025 2026-04-22

Virgin Galactic remains an externally financed development-stage business, where overhead cuts are narrowing losses without ending the cash drain.

The important shift from FY2023 to FY2025 is that operating cash burn improved from -$448M to -$240M, showing the reported loss is becoming less cash-hungry. But free cash flow was still -$438M in FY2025, implying that heavy reinvestment continued to absorb that operating improvement rather than turning it into self-funding capacity.

Loss reduction in FY2025 to -$279M from -$502M in FY2023 points to a leaner cost base. Because revenue was only $1.5M and gross profit stayed negative at -$71M, the improvement appears driven mainly by lower R&D and overhead rather than commercial scale.

The liquidity cushion is still present, but much thinner: the current ratio fell from 5.1x in FY2023 to 1.8x in FY2025 as cash declined to $145M. With long-term debt at $276M and financing cash inflow of $114M in FY2025, the business still relies on outside capital to bridge operating needs.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

Virgin Galactic Holdings Inc has an operating margin of -18480.8%, meaning the company retains $-18481 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -5352.9% the prior year.

Growth

Virgin Galactic Holdings Inc's revenue declined 78.1% year-over-year, from $7.0M to $1.5M. This contraction results in a growth score of 0/100.

Leverage

Virgin Galactic Holdings Inc carries a low D/E ratio of 1.01, meaning only $1.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Virgin Galactic Holdings Inc's current ratio of 1.78 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Virgin Galactic Holdings Inc generated -$240.1M in operating cash flow, capex of $198.0M consumed most of it, leaving -$438.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Virgin Galactic Holdings Inc generates a -0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -0.1% the prior year.

Piotroski F-Score Weak

2/9

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.

Earnings Quality Low Quality

861.01x

For every $1 of reported earnings, Virgin Galactic Holdings Inc generates $861.01 in operating cash flow (-$240.1M OCF vs -$279K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-22.3x

Virgin Galactic Holdings Inc earns $-22.3 in operating income for every $1 of interest expense (-$285.3M vs $12.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$1.5M

YoY-78.1%

5Y CAGR+45.3%

Virgin Galactic Holdings Inc generated $1.5M in revenue in fiscal year 2025. This represents a decrease of 78.1% from the prior year.

EBITDA

-$268.9M

YoY+25.6%

Virgin Galactic Holdings Inc's EBITDA was -$268.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.6% from the prior year.

Net Income

-$279K

YoY+19.6%

Virgin Galactic Holdings Inc reported -$279K in net income in fiscal year 2025. This represents an increase of 19.6% from the prior year.

EPS (Diluted)

$-5.44

YoY-39036.7%

Virgin Galactic Holdings Inc earned $-5.44 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 39036.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$438.2M

YoY+7.7%

Virgin Galactic Holdings Inc generated -$438.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.7% from the prior year.

Cash & Debt

$144.7M

YoY-19.0%

5Y CAGR-26.3%

Virgin Galactic Holdings Inc held $144.7M in cash against $276.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

73M

YoY+106.4%

Virgin Galactic Holdings Inc had 73M shares outstanding in fiscal year 2025. This represents an increase of 106.4% from the prior year.

Margins & Returns

Gross Margin

-4613.0%

YoY-3433.5pp

5Y CAGR-4640.3pp

Virgin Galactic Holdings Inc's gross margin was -4613.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3433.5 percentage points from the prior year.

Operating Margin

-18480.8%

YoY-13127.9pp

5Y CAGR+97184.8pp

Virgin Galactic Holdings Inc's operating margin was -18480.8% in fiscal year 2025, reflecting core business profitability. This is down 13127.9 percentage points from the prior year.

Net Margin

-18.1%

YoY-13.1pp

5Y CAGR+270942.9pp

Virgin Galactic Holdings Inc's net profit margin was -18.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 13.1 percentage points from the prior year.

Return on Equity

-0.1%

YoY+0.0pp

5Y CAGR+122.3pp

Virgin Galactic Holdings Inc's ROE was -0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$80.5M

YoY-47.3%

5Y CAGR-12.2%

Virgin Galactic Holdings Inc invested $80.5M in research and development in fiscal year 2025. This represents a decrease of 47.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$198.0M

YoY+62.5%

5Y CAGR+63.0%

Virgin Galactic Holdings Inc invested $198.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 62.5% from the prior year.

SPCE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.5M-78.1%	$7.0M+3.5%	$6.8M+194.1%	$2.3M-29.8%	$3.3M+1283.2%	$238K
Cost of Revenue	$72.8M-19.2%	$90.0M+78.1%	$50.5M+2551.5%	$1.9M+600.7%	$272K+57.2%	$173K
Gross Profit	-$71.2M+14.2%	-$83.0M-89.7%	-$43.7M-10872.9%	$406K-86.6%	$3.0M+4546.2%	$65K
R&D Expenses	$80.5M-47.3%	$152.7M-48.3%	$295.1M-6.1%	$314.2M+117.8%	$144.2M-6.6%	$154.4M
SG&A Expenses	$117.2M-6.6%	$125.5M-28.2%	$174.9M-0.1%	$175.1M+5.0%	$166.8M+50.0%	$111.2M
Operating Income	-$285.3M+24.2%	-$376.6M+29.1%	-$531.5M-6.3%	-$500.0M-56.5%	-$319.5M-16.1%	-$275.3M
Interest Expense	$12.8M-1.1%	$12.9M+0.4%	$12.9M+6.1%	$12.1M+48420.0%	$25K-30.6%	$36K
Income Tax	$52K-29.7%	$74K-83.7%	$453K-24.2%	$598K+657.0%	$79K+1216.7%	$6K
Net Income	-$279K+19.6%	-$347K+31.0%	-$502K-0.4%	-$500K-41.7%	-$353K+99.9%	-$644.9M
EPS (Diluted)	$-5.44-39036.7%	$-0.01	$-0.03+98.4%	$-1.89-32.2%	$-1.43+51.4%	$-2.94

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$227K-27.2%	$312K-14.5%	$365K-10.1%	$406K-11.9%	$461K+7.5%	$429K+6.7%	$402K-90.5%	$4.2M
Cost of Revenue	$29.6M+62.5%	$18.2M-6.4%	$19.5M+37.2%	$14.2M-31.8%	$20.8M+2.7%	$20.3M+2.0%	$19.9M-27.2%	$27.3M
Gross Profit	-$29.4M-64.1%	-$17.9M+6.3%	-$19.1M-38.6%	-$13.8M+32.2%	-$20.4M-2.6%	-$19.8M-1.9%	-$19.5M+15.6%	-$23.1M
R&D Expenses	$6.7M-44.5%	$12.1M-19.2%	$15.0M-25.7%	$20.1M-39.6%	$33.3M+18.0%	$28.2M+18.0%	$23.9M-42.4%	$41.5M
SG&A Expenses	$25.6M-4.7%	$26.8M-4.2%	$28.0M-12.2%	$31.9M+4.3%	$30.6M+2.9%	$29.7M-12.6%	$34.0M+0.1%	$33.9M
Operating Income	-$65.6M-7.9%	-$60.8M+8.1%	-$66.2M+5.4%	-$69.9M+20.9%	-$88.4M-7.9%	-$82.0M-0.3%	-$81.7M+19.7%	-$101.8M
Interest Expense	$1.8M-40.0%	$3.0M-6.3%	$3.3M+0.1%	$3.2M+0.2%	$3.2M+0.1%	$3.2M+0.1%	$3.2M+0.1%	$3.2M
Income Tax	$30K-26.8%	$41K	$0+100.0%	-$37K-177.1%	$48K+133.1%	-$145K-238.1%	$105K+208.8%	$34K
Net Income	-$64.7M-130.0%	$215.9M+435.2%	-$64.4M+4.3%	-$67.3M+20.4%	-$84.5M-131.3%	$270.0M+462.2%	-$74.5M+20.5%	-$93.8M
EPS (Diluted)	$-0.81	N/A	$-1.09+25.9%	$-1.47+38.2%	$-2.38	N/A	$-2.66+39.0%	$-4.36

SPCE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$803.2M-16.4%	$961.2M-18.5%	$1.2B+3.5%	$1.1B+6.7%	$1.1B+32.9%	$804.0M
Current Assets	$372.9M-40.6%	$627.9M-34.0%	$950.8M-5.1%	$1.0B+47.6%	$678.6M-6.8%	$727.9M
Cash & Equivalents	$144.7M-19.0%	$178.6M-17.6%	$216.8M-28.3%	$302.3M-42.4%	$524.5M-21.2%	$665.9M
Inventory	N/A	N/A	$16.3M-32.2%	$24.0M-19.0%	$29.7M-2.7%	$30.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$470K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$529.2M-17.2%	$638.9M-5.2%	$674.0M+2.2%	$659.7M+277.9%	$174.6M-37.0%	$276.9M
Current Liabilities	$209.3M+39.5%	$150.0M-19.2%	$185.7M+0.9%	$184.1M+39.9%	$131.5M+14.3%	$115.0M
Long-Term Debt	$276.4M-34.2%	$420.1M	N/A	N/A	$0-100.0%	$310K
Total Equity	$274.0M-15.0%	$322.3M-36.2%	$505.5M+5.3%	$480.2M-46.3%	$894.3M+69.7%	$527.1M
Retained Earnings	-$2.8B-11.3%	-$2.5B-16.3%	-$2.1B-30.9%	-$1.6B-44.5%	-$1.1B-45.8%	-$770.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$750.2M-6.6%	$803.2M-5.9%	$853.5M-5.0%	$898.8M-0.6%	$903.9M-6.0%	$961.2M-5.4%	$1.0B-4.3%	$1.1B
Current Assets	$283.5M-24.0%	$372.9M-18.8%	$459.0M-13.9%	$532.8M-2.7%	$547.6M-12.8%	$627.9M-12.0%	$713.2M-15.5%	$843.9M
Cash & Equivalents	$124.8M-13.7%	$144.7M+12.4%	$128.8M-21.3%	$163.5M+16.2%	$140.8M-21.2%	$178.6M+3.6%	$172.4M-5.5%	$182.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$14.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$526.5M-0.5%	$529.2M-15.7%	$627.6M-1.2%	$635.4M+0.6%	$631.8M-1.1%	$638.9M-1.7%	$650.3M-2.6%	$667.6M
Current Liabilities	$282.6M+35.0%	$209.3M+30.8%	$160.0M+1.6%	$157.4M+9.5%	$143.8M-4.1%	$150.0M-5.0%	$157.9M-11.9%	$179.2M
Long-Term Debt	$202.7M-26.7%	$276.4M	N/A	N/A	N/A	$420.1M	N/A	N/A
Total Equity	$223.7M-18.3%	$274.0M+21.3%	$225.9M-14.2%	$263.4M-3.2%	$272.2M-15.5%	$322.3M-11.9%	$366.0M-7.3%	$394.8M
Retained Earnings	-$2.8B-2.4%	-$2.8B-2.3%	-$2.7B-2.5%	-$2.6B-2.6%	-$2.6B-3.4%	-$2.5B-3.2%	-$2.4B-3.2%	-$2.3B

SPCE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$240.1M+31.9%	-$352.7M+21.3%	-$448.2M-17.9%	-$380.2M-64.8%	-$230.8M+1.0%	-$233.2M
Capital Expenditures	$198.0M+62.5%	$121.9M+175.0%	$44.3M+168.7%	$16.5M+255.7%	$4.6M-73.1%	$17.2M
Free Cash Flow	-$438.2M+7.7%	-$474.6M+3.6%	-$492.5M-24.1%	-$396.7M-68.5%	-$235.4M+6.0%	-$250.4M
Investing Cash Flow	$90.8M-48.3%	$175.7M+251.1%	-$116.3M+59.4%	-$286.2M+26.2%	-$387.5M-2152.9%	-$17.2M
Financing Cash Flow	$114.1M-15.0%	$134.3M-71.7%	$475.4M+3.6%	$459.0M-6.2%	$489.4M+12.1%	$436.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$53.5M-2.0%	-$52.5M+6.8%	-$56.3M-1.5%	-$55.4M+27.0%	-$75.9M+6.3%	-$81.0M-2.2%	-$79.3M-0.2%	-$79.1M
Capital Expenditures	$39.8M-5.6%	$42.2M-18.1%	$51.5M-11.8%	$58.4M+26.7%	$46.0M+29.0%	$35.7M-7.6%	$38.7M+12.3%	$34.4M
Free Cash Flow	-$93.3M+1.4%	-$94.6M+12.2%	-$107.8M+5.3%	-$113.8M+6.7%	-$122.0M-4.5%	-$116.7M+1.0%	-$118.0M-3.9%	-$113.5M
Investing Cash Flow	$27.8M-54.4%	$61.0M+8049.9%	-$767K-103.3%	$23.2M+209.8%	$7.5M-87.4%	$59.2M+80.7%	$32.8M+5559.4%	$579K
Financing Cash Flow	$5.5M-34.9%	$8.4M-62.0%	$22.1M-58.9%	$53.9M+81.3%	$29.7M+6.1%	$28.0M-23.2%	$36.4M-42.2%	$63.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPCE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-4613.0%-3433.5pp	-1179.5%-536.3pp	-643.2%-660.8pp	17.6%-74.2pp	91.7%+64.4pp	27.3%
Operating Margin	-18480.8%-13127.9pp	-5352.9%+2463.4pp	-7816.3%+13809.3pp	-21625.6%-11919.2pp	-9706.4%+105959.1pp	-115665.6%
Net Margin	-18.1%-13.1pp	-4.9%+2.5pp	-7.4%+14.2pp	-21.6%-10.9pp	-10.7%+270950.2pp	-270960.9%
Return on Equity	-0.1%+0.0pp	-0.1%-0.0pp	-0.1%0.0pp	-0.1%-0.1pp	-0.0%+122.3pp	-122.4%
Return on Assets	-0.0%+0.0pp	-0.0%0.0pp	-0.0%0.0pp	-0.0%-0.0pp	-0.0%+80.2pp	-80.2%
Current Ratio	1.78-2.4	4.19-0.9	5.12-0.3	5.44+0.3	5.16-1.2	6.33
Debt-to-Equity	1.01-0.3	1.30-0.0	1.33-0.0	1.37+1.4	0.000.0	0.00
FCF Margin	-28380.0%-21635.3pp	-6744.7%+498.0pp	-7242.7%+9916.9pp	-17159.6%-10009.0pp	-7150.6%+98042.7pp	-105193.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	-12957.3%-7211.1pp	-5746.1%-504.5pp	-5241.6%-1842.6pp	-3399.0%+1018.6pp	-4417.6%+207.6pp	-4625.2%+218.6pp	-4843.8%-4297.1pp	-546.6%
Operating Margin	-28895.2%-9412.1pp	-19483.0%-1355.3pp	-18127.7%-900.6pp	-17227.1%+1959.0pp	-19186.1%-82.9pp	-19103.3%+1227.1pp	-20330.4%-17918.3pp	-2412.1%
Net Margin	-28508.8%-97709.2pp	69200.4%+86848.8pp	-17648.5%-1077.1pp	-16571.4%+1755.5pp	-18326.9%-81259.4pp	62932.5%+81474.8pp	-18542.3%-16320.1pp	-2222.2%
Return on Equity	-28.9%-107.7pp	78.8%+107.3pp	-28.5%-3.0pp	-25.6%+5.5pp	-31.0%-114.8pp	83.8%+104.1pp	-20.4%+3.4pp	-23.8%
Return on Assets	-8.6%-35.5pp	26.9%+34.4pp	-7.5%-0.1pp	-7.5%+1.9pp	-9.3%-37.4pp	28.1%+35.4pp	-7.3%+1.5pp	-8.8%
Current Ratio	1.00-0.8	1.78-1.1	2.87-0.5	3.38-0.4	3.81-0.4	4.19-0.3	4.52-0.2	4.71
Debt-to-Equity	0.91-0.1	1.01-1.8	2.78+0.4	2.41+0.1	2.32+1.0	1.30-0.5	1.78+0.1	1.69
FCF Margin	-41104.8%-10775.4pp	-30329.5%-798.8pp	-29530.7%-1499.4pp	-28031.3%-1574.7pp	-26456.6%+756.4pp	-27213.0%+2131.7pp	-29344.8%-26654.1pp	-2690.7%

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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 gross margin?

Virgin Galactic Holdings Inc (SPCE) had a gross margin of -4613.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Virgin Galactic Holdings Inc's operating margin?

Virgin Galactic Holdings Inc (SPCE) had an operating margin of -18480.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

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) generated -$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) generated -$240.1M in operating cash flow during fiscal year 2025, representing cash generated from 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.

How many shares does Virgin Galactic Holdings Inc have outstanding?

Virgin Galactic Holdings Inc (SPCE) had 73M shares outstanding as of 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 cash runway?

Based on fiscal year 2025 data, Virgin Galactic Holdings Inc (SPCE) had $144.7M in cash against an annual operating cash burn of $240.1M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

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) has an earnings quality ratio of 861.01x, considered low quality (accrual-driven). 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) has an interest coverage ratio of -22.3x, meaning it can struggle to cover its interest obligations. 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 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.