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 (MLKN 10-Q) is open in full — no account needed.
Summary not yet generated.
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.
Partner
Trade SPCE commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
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 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.
Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 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 June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 134 | 406 | 361 | 867 |
| Operating expenses: | ||||
| Spaceline operations | 28,182 | 14,206 | 57,822 | 35,032 |
| Research and development | 4,339 | 20,121 | 11,051 | 53,431 |
| Selling, general and administrative | 28,556 | 31,850 | 54,107 | 62,400 |
| Depreciation and amortization | 3,983 | 4,171 | 7,899 | 8,394 |
| Total operating expenses | 65,060 | 70,348 | 130,879 | 159,257 |
| Operating loss | (64,926) | (69,942) | (130,518) | (158,390) |
| Interest income | 2,396 | 5,832 | 5,097 | 13,047 |
| Interest expense | (1,994) | (3,247) | (3,822) | (6,487) |
| Gain on extinguishment of debt | 8,639 | — | 8,639 | — |
| Other income, net | 26 | 40 | 60 | 74 |
| Loss before income taxes | (55,859) | (67,317) | (120,544) | (151,756) |
| Income tax expense (benefit) | 30 | (37) | 60 | 11 |
| Net loss | (55,889) | (67,280) | (120,604) | (151,767) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustment | (7) | 22 | (10) | 18 |
| Unrealized gain (loss) on marketable securities | 19 | (134) | (66) | (310) |
| Total comprehensive loss | (55,877) | (67,392) | (120,680) | (152,059) |
| Net loss per share: | ||||
| Basic and diluted | (0.50) | (1.47) | (1.27) | (3.74) |
| Weighted-average shares outstanding: | ||||
| Basic and diluted | 110,757 | 45,641 | 95,206 | 40,569 |
Condensed Consolidated Balance Sheets (Unaudited)
(Unaudited; in thousands, except share and per share amounts)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 187,340 | 144,727 |
| Restricted cash | 31,072 | 30,988 |
| Marketable securities | 67,714 | 162,313 |
| Other current assets | 26,457 | 34,870 |
| Total current assets | 312,583 | 372,898 |
| Property, plant and equipment, net | 465,848 | 388,730 |
| Other non-current assets | 37,845 | 41,551 |
| Total assets | 816,276 | 803,179 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | 20,758 | 15,163 |
| Current portion of long-term debt | 29,983 | 47,830 |
| Customer deposits | 80,270 | 78,535 |
| Other current liabilities | 61,510 | 67,795 |
| Total current liabilities | 192,521 | 209,323 |
| Non-current liabilities: | ||
| Long-term debt | 189,056 | 276,362 |
| Other long-term liabilities | 38,585 | 43,530 |
| Total liabilities | 420,162 | 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; 141,277,897 and 73,326,504 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 14 | 7 |
| Additional paid-in capital | 3,268,427 | 3,025,604 |
| Accumulated deficit | (2,872,383) | (2,751,779) |
| Accumulated other comprehensive income | 56 | 132 |
| Total stockholders’ equity | 396,114 | 273,964 |
| Total liabilities and stockholders’ equity | 816,276 | 803,179 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Unaudited; in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (120,604) | (151,767) |
| Stock-based compensation | 10,944 | 9,601 |
| Depreciation and amortization | 7,899 | 8,394 |
| Gain on extinguishment of debt | (8,639) | — |
| Amortization of debt issuance costs | 918 | 1,143 |
| Accretion of marketable securities purchased at a discount | (810) | (4,007) |
| Other non-cash items | (11) | (22) |
| Change in operating assets and liabilities: | ||
| Other current and non-current assets | 7,139 | (550) |
| Accounts payable | 2,851 | 3,965 |
| Customer deposits | 1,735 | (3,622) |
| Other current and non-current liabilities | (5,095) | 5,501 |
| Net cash used in operating activities | (103,673) | (131,364) |
| Cash flows from investing activities: | ||
| Capital expenditures | (80,373) | (104,408) |
| Purchases of marketable securities | (68,118) | (220,925) |
| Proceeds from maturities and calls of marketable securities | 163,465 | 355,959 |
| Other investing activities | 10 | 8 |
| Net cash provided by investing activities | 14,984 | 30,634 |
| Cash flows from financing activities: | ||
| Payments of long-term debt | (8,203) | — |
| Payments of finance lease obligations | (119) | (98) |
| Proceeds from issuance of common stock pursuant to at-the-market offering | 145,020 | 86,330 |
| Transaction costs related to issuance of common stock pursuant to at-the-market offering | (3,748) | (2,552) |
| 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 | (1,793) | (108) |
| Net cash provided by financing activities | 131,386 | 83,572 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 42,697 | (17,158) |
| Cash, cash equivalents and restricted cash at beginning of period | 175,715 | 210,885 |
| Cash, cash equivalents and restricted cash at end of period | 218,412 | 193,727 |
| Cash and cash equivalents | 187,340 | 163,547 |
| Restricted cash | 31,072 | 30,180 |
| Cash, cash equivalents and restricted cash | 218,412 | 193,727 |
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 ↗