NYSE: SPCE
Virgin Galactic Holdings, IncCIK 0001706946 · SIC 4700 · Transportation Services
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (YELP 10-Q) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade SPCE commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
revenue $134,000, net income -$55.9M. Virgin Galactic flags going-concern doubt, delays commercial service to Feb 2027
5 material changes detected. Sign up free to read the summary.
Virgin Galactic delays first commercial flight to Feb 2027, books $50M+ in new revenue
5 material changes detected. Sign up free to read the summary.
Virgin Galactic exchanges $52.5M of 2027 convertible notes for stock, cutting debt 75%
3 material changes detected. Sign up free to read the summary.
Virgin Galactic shareholders approve 9.45M share increase for employee equity compensation
4 material changes detected. Sign up free to read the summary.
Virgin Galactic redeems $30.5M debt with 6.7M shares, cuts interest burden ahead of Q4 launch
3 material changes detected. Sign up free to read the summary.
Virgin Galactic redeems $30.5M debt via stock issuance to eliminate principal payments through 2027
4 material changes detected. Sign up free to read the summary.
Virgin Galactic settles 2022 stockholder derivative lawsuits, final approval hearing July 28
3 material changes detected. Sign up free to read the summary.
Virgin Galactic redeems $10M debt with 3.8M shares, cuts interest ahead of Q4 launch
3 material changes detected. Sign up free to read the summary.
Virgin Galactic reports Q1 2026 financial results
2 material changes detected. Sign up free to read the summary.
revenue $227,000, net income -$64.7M. Virgin Galactic flags going-concern doubt as cash falls 23.4%, delays commercial restart to Q4
5 material changes detected. Sign up free to read the summary.
Virgin Galactic to redeem $10M debt with stock, faces $30M mandatory payment by September
4 material changes detected. Sign up free to read the summary.
Virgin Galactic amends debt indenture to gain flexibility on note redemptions
3 material changes detected. Sign up free to read the summary.
Virgin Galactic boosts CFO severance 50% in change-of-control scenarios
3 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Nov 12, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(Unaudited; in thousands, except per share amounts)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenue | 427 | 365 | 788 | 1,232 |
| Operating expenses: | ||||
| Spaceline operations | 28,272 | 19,497 | 86,094 | 54,529 |
| Research and development | 2,567 | 14,952 | 13,618 | 68,383 |
| Selling, general and administrative | 24,493 | 27,965 | 78,600 | 90,365 |
| Depreciation and amortization | 4,089 | 4,117 | 11,988 | 12,511 |
| Total operating expenses | 59,421 | 66,531 | 190,300 | 225,788 |
| Operating loss | (58,994) | (66,166) | (189,512) | (224,556) |
| Interest income | 1,979 | 4,966 | 7,076 | 18,013 |
| Interest expense | (1,732) | (3,250) | (5,554) | (9,737) |
| Gain on extinguishment of debt | — | — | 8,639 | — |
| Other income, net | 21 | 33 | 81 | 107 |
| Loss before income taxes | (58,726) | (64,417) | (179,270) | (216,173) |
| Income tax expense | 30 | — | 90 | 11 |
| Net loss | (58,756) | (64,417) | (179,360) | (216,184) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustment | 1 | (6) | (9) | 12 |
| Unrealized gain (loss) on marketable securities | 9 | 239 | (57) | (71) |
| Total comprehensive loss | (58,746) | (64,184) | (179,426) | (216,243) |
| Net loss per share: | ||||
| Basic and diluted | (0.39) | (1.09) | (1.57) | (4.61) |
| Weighted-average shares outstanding: | ||||
| Basic and diluted | 151,596 | 59,252 | 114,209 | 46,865 |
Condensed Consolidated Balance Sheets (Unaudited)
(Unaudited; in thousands, except share and per share amounts)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 144,007 | 144,727 |
| Restricted cash | 31,293 | 30,988 |
| Marketable securities | 8,991 | 162,313 |
| Other current assets | 26,022 | 34,870 |
| Total current assets | 210,313 | 372,898 |
| Property, plant and equipment, net | 500,329 | 388,730 |
| Other non-current assets | 36,381 | 41,551 |
| Total assets | 747,023 | 803,179 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | 17,886 | 15,163 |
| Current portion of long-term debt | 30,098 | 47,830 |
| Customer deposits | 80,460 | 78,535 |
| Other current liabilities | 52,557 | 67,795 |
| Total current liabilities | 181,001 | 209,323 |
| Non-current liabilities: | ||
| Long-term debt | 186,242 | 276,362 |
| Other long-term liabilities | 36,278 | 43,530 |
| Total liabilities | 403,521 | 529,215 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ Equity | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.0001 par value; 700,000,000 shares authorized; 151,601,493 and 73,326,504 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 15 | 7 |
| Additional paid-in capital | 3,274,560 | 3,025,604 |
| Accumulated deficit | (2,931,139) | (2,751,779) |
| Accumulated other comprehensive income | 66 | 132 |
| Total stockholders’ equity | 343,502 | 273,964 |
| Total liabilities and stockholders’ equity | 747,023 | 803,179 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Unaudited; in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (179,360) | (216,184) |
| Stock-based compensation | 17,092 | 14,320 |
| Depreciation and amortization | 11,988 | 12,511 |
| Gain on extinguishment of debt | (8,639) | — |
| Amortization of debt issuance costs | 1,187 | 1,721 |
| Accretion of marketable securities purchased at a discount | (1,149) | (5,380) |
| Other non-cash items | (11) | (18) |
| Change in operating assets and liabilities: | ||
| Other current and non-current assets | 6,914 | (4,393) |
| Accounts payable | 977 | 5,014 |
| Customer deposits | 1,925 | (4,295) |
| Other current and non-current liabilities | (12,643) | 9,037 |
| Net cash used in operating activities | (161,719) | (187,667) |
| Cash flows from investing activities: | ||
| Capital expenditures | (121,468) | (155,892) |
| Purchases of marketable securities | (72,081) | (306,754) |
| Proceeds from maturities and calls of marketable securities | 226,499 | 492,505 |
| Other investing activities | 10 | 8 |
| Net cash provided by investing activities | 32,960 | 29,867 |
| Cash flows from financing activities: | ||
| Payments of long-term debt | (11,170) | — |
| Payments of finance lease obligations | (179) | (154) |
| Proceeds from issuance of common stock pursuant to at-the-market offering | 145,020 | 109,160 |
| Transaction costs related to issuance of common stock pursuant to at-the-market offering | (3,748) | (3,179) |
| Other debt and equity transaction costs | (247) | — |
| Proceeds from issuance of common stock pursuant to employee stock purchase plan | 476 | — |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | (1,808) | (118) |
| Net cash provided by financing activities | 128,344 | 105,709 |
| Net decrease in cash, cash equivalents and restricted cash | (415) | (52,091) |
| Cash, cash equivalents and restricted cash at beginning of period | 175,715 | 210,885 |
| Cash, cash equivalents and restricted cash at end of period | 175,300 | 158,794 |
| Cash and cash equivalents | 144,007 | 128,789 |
| Restricted cash | 31,293 | 30,005 |
| Cash, cash equivalents and restricted cash | 175,300 | 158,794 |
Amounts as printed on the EDGAR/iXBRL face — (Unaudited; in thousands, except per share amounts); (Unaudited; in thousands, except share and per share amounts); (Unaudited; in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗