SPCE · XBRL financial data

Virgin Galactic Holdings financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SPCE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	0	3	2	7	7	2
Cost of revenue	0	0	2	51	90	73
Gross profit	0	3	—	—	—	—
Research and development	159	149	314	295	153	80
Selling, general and administrative	117	173	175	175	125	117
Operating income (loss)	(275)	(320)	(500)	(532)	(377)	(285)
Interest income	2	1	13	42	42	22
Interest expense	0	0	12	13	13	13
Other income (expense)	0	0	0	0	1	0
Income tax expense (benefit)	0	0	1	0	0	0
Net income (loss)	(645)	(353)	(500)	(502)	(347)	(279)
Earnings per share, basic USD per share	(2.94)	(1.43)	(1.89)	(1.49)	(13.89)	(5.44)
Earnings per share, diluted USD per share	(2.94)	(1.43)	(1.89)	(1.49)	(13.89)	(5.44)
Weighted average shares, basic millions of shares	219	248	264	337	25	51
Weighted average shares, diluted millions of shares	219	248	264	337	25	51

† Share count changed about 1/11 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (SPCE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	666	524	302	217	179	145
Marketable securities	0	79	607	657	385	162
Marketable securities, non-current	0	301	30	72	61	0
Accounts receivable	0	—	—	—	—	—
Inventory	30	30	24	16	—	—
Prepaid and other current assets	18	19	28	24	—	—
Total current assets	728	679	1,002	951	628	373
Property and equipment, net	53	47	54	94	209	389
Right-of-use asset	20	35	48	59	58	37
Total assets	804	1,069	1,140	1,180	961	803
Accounts payable	6	9	16	32	4	15
Accrued liabilities	23	29	62	51	62	68
Current portion of long-term debt	0	0	—	—	0	48
Total current liabilities	115	132	184	186	150	209
Long-term debt	0	0	—	—	420	276
Lease liability, non-current	24	40	—	—	—	—
Total liabilities	277	175	660	674	639	529
Accumulated deficit	(771)	(1,124)	(1,624)	(2,126)	(2,473)	(2,752)
Total stockholders' equity	527	894	480	505	322	274
Total liabilities and equity	804	1,069	1,140	1,180	961	803
Common shares outstanding (cover page) millions of shares	237	258	280	400	36	81

† Share count changed about 1/11 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (SPCE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(645)	(353)	(500)	(502)	(347)	(279)
Stock-based compensation	30	62	46	44	30	19
Depreciation and amortization	10	12	11	13	15	16
Net cash from operating activities	(233)	(231)	(380)	(448)	(353)	(240)
Purchases of property and equipment	17	5	16	44	122	198
Net cash from investing activities	(17)	(388)	(286)	(116)	176	91
Proceeds from issuing common stock	460	500	103	484	138	—
Proceeds from long-term debt	—	—	—	—	0	212
Net cash from financing activities	437	489	459	475	134	114
Net change in cash	186	(129)	(207)	(89)	(43)	(35)

† Share count changed about 1/11 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 4700 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4700 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Virgin Galactic Holdings	187	0.1	(50)*	151.6M	5.1 quarters	Q2 FY26 10-QJun 30, 2026
Lindblad Expeditions Holdings	275	269	2.8*	65.7M	—	Q3 FY26 10-QSep 30, 2026
Proficient Auto Logistics	8.1	not reported	(1.3)*	28.1M	6.5 quarters	Q2 FY26 10-QJun 30, 2026
Global Business Travel Group	518	870	142*	522.4M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.