NYSE: SPCE
Virgin Galactic Holdings, IncCIK 0001706946 · SIC 4700 · Transportation Services
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Virgin Galactic delays first commercial flight to Feb 2027, books $50M+ in new revenue
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Virgin Galactic flags going-concern doubt, delays commercial service to Feb 2027
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Virgin Galactic exchanges $52.5M of 2027 convertible notes for stock, cutting debt 75%
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Virgin Galactic shareholders approve 9.45M share increase for employee equity compensation
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Virgin Galactic redeems $30.5M debt with 6.7M shares, cuts interest burden ahead of Q4 launch
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Virgin Galactic redeems $30.5M debt via stock issuance to eliminate principal payments through 2027
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Virgin Galactic settles 2022 stockholder derivative lawsuits, final approval hearing July 28
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Virgin Galactic redeems $10M debt with 3.8M shares, cuts interest ahead of Q4 launch
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Virgin Galactic reports Q1 2026 financial results
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Virgin Galactic flags going-concern doubt as cash falls 56%, delays commercial restart to Q4
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Virgin Galactic to redeem $10M debt with stock, faces $30M mandatory payment by September
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Virgin Galactic amends debt indenture to gain flexibility on note redemptions
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Virgin Galactic boosts CFO severance 50% in change-of-control scenarios
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Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q2 ended Jun 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 0.1 | 0.4 |
| Cost of revenue / cost of sales | 28.2 | 14.2 |
| Operating expenses: | ||
| Research and development | 4.3 | 20.1 |
| Selling, general and administrative | 28.6 | 31.9 |
| Total operating expenses | 65.1 | 70.3 |
| Operating income | (64.9) | (69.9) |
| Interest expense | 2.0 | 3.2 |
| Other income/(expense), net | 0.03 | 0.04 |
| Income before income taxes | (55.9) | (67.3) |
| Income tax expense/(benefit) | 0.03 | (0.04) |
| Net income | (55.9) | (67.3) |
| Basic earnings per share | (0.50) | (1.47) |
| Diluted earnings per share | (0.50) | (1.47) |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Jun 30, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 187.3 | 163.5 |
| Short-term investments | 67.7 | 305.8 |
| Prepaid expenses and other current assets | 26.5 | 33.3 |
| Other current assets | 31.1 | 30.2 |
| Total current assets | 312.6 | 532.8 |
| Property, plant and equipment, net | 465.8 | 305.9 |
| Operating lease right-of-use assets, net | 33.5 | 47.2 |
| Deferred income taxes and other assets | 37.8 | 51.9 |
| Other long-term assets | (33.5) | (38.9) |
| TOTAL ASSETS | 816.3 | 898.8 |
| Current liabilities: | ||
| Current portion of long-term debt | 30.0 | |
| Accounts payable | 20.8 | 10.3 |
| Accrued liabilities | 61.5 | 66.2 |
| Deferred revenue, current | 80.3 | 80.9 |
| Total current liabilities | 192.5 | 157.4 |
| Long-term debt | 189.1 | |
| Deferred income taxes and other liabilities | 38.6 | 56.8 |
| Other long-term liabilities | — | 421.3 |
| Total liabilities | 420.2 | 635.4 |
| Shareholders' equity: | ||
| Common stock | 0.01 | 0.01 |
| Capital in excess of stated value | 3,268 | 2,888 |
| Accumulated other comprehensive income (loss) | 0.06 | (0.01) |
| Retained earnings (deficit) | (2,872) | (2,625) |
| Total shareholders' equity | 396.1 | 263.4 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 816.3 | 898.8 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Six months ended Jun 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (103.7) | (131.4) |
| Investing Activities: | ||
| Net cash from investing activities | 15.0 | 30.6 |
| Financing Activities: | ||
| Net cash from financing activities | 131.4 | 83.6 |
| Net increase/(decrease) in cash | 42.7 | (17.2) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗