Here are the 10-K annual reports from Virgin Galactic Holdings, Inc. (SPCE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SPCE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPCE filings page.
Virgin Galactic Holdings, Inc. provides an in-depth annual overview of its space tourism and research business, technology, strategy and risks. The company highlights its transition from its first spaceship, VSS Unity, to next-generation vehicles expected to begin test flights in the third quarter of 2026 and commercial research flights in the fourth quarter of 2026. As of December 31, 2025, it had approximately 675 reservations representing about $188 million in expected future spaceflight revenue and had flown 23 paying astronauts and multiple research payloads. The filing also notes substantial recurring net losses, paused commercial flights since mid-2024 and management’s conclusion that conditions raise substantial doubt about its ability to continue as a going concern, underscoring heavy dependence on additional funding and successful ramp-up of its next-generation fleet.