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Virgin Galactic Holdings, Inc

SPCE

$2.37 ▼ -0.15 (-5.95%) at close

10 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Virgin Galactic Holdings, Inc faces fundamental challenges with weakness in Return on Common Equity (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $121.4M

Dividend Yield —

Revenue Growth -78.1% ↘

Op. Margin —

ROIC -47.7% ↗

FCF / Share $-8.55 ↗

Trailing P/E —

Price / Book 0.6x

FCF Yield —

Debt / Equity 1.18

info Valuation on last close. End-of-day price, Nov 5, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.54M

↓ -78.1% —

Net Income Profit after all expenses

$-278.91M

↑ +19.6% —

FCF / Share Free cash flow per share

$-8.55

↑ +55.0% —

Long-Term Debt Long-term obligations

$324.19M

↓ -22.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns ↓

Financial Health ↑

Cash Quality ↑

Financial view

Statement lens

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Revenue Growth YoY (%)	-78.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1661%)	3.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-31%)	194.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3782%)	-29.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-695%)	1283.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+25564%)	-93.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1974%)	32.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+554%)	62.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1149%)	—	—
EPS Growth YoY (%)	60.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-832.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	21.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-32.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	51.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	19.6% Good ↑ Good Improving Year-over-year change in net income	31.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-0.4% Weak ↑ Weak Improving Year-over-year change in net income	-41.7% Weak ↑ Weak Improving Year-over-year change in net income	45.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-205.7% Weak ↓ Weak Declining Year-over-year change in net income	-52.7% Weak Weak Year-over-year change in net income	0.0% Caution Caution Year-over-year change in net income	—	—
FCF Growth YoY (%)	55.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-1202.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	2.8% Caution ↑ Caution Improving Year-over-year change in free cash flow	-58.1% Weak Weak Year-over-year change in free cash flow	16.8% Good Good Year-over-year change in free cash flow	—	—	—	—	—
Revenue CAGR 3Y (%)	-12.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	28.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	205.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-15.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	4.9% Caution Caution Compound annual revenue growth over 3 years	-48.6% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	45.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	19.0% Excellent Excellent Compound annual revenue growth over 5 years	5.7% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Effective Tax Rate (%) (%)	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
FCF / Net Income (x)	1.57x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.67x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Return on Invested Capital (%)	-47.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-50.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-105.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-104.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-35.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-52.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-45.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-402.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-602.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-35.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-39.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-45.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-43.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-29.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-34.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-35.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-107.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-101.8% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-779%)	-107.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-817%)	-99.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-763%)	-104.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-794%)	-39.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-363%)	-122.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-916%)	-45.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-401%)	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Debt to Equity (x)	1.18x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+69%)	1.30x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+86%)	—	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—
Interest Coverage (x)	-32.85x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-35.45x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-41.29x Weak Weak Operating income divided by interest expense Optimal: > 5x	-41.22x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	-5923.94x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-16718.60x Weak Weak Operating income divided by interest expense Optimal: > 5x	-6605.00x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$179.47M	$241.51M	$-216.80M	$-302.29M	$-524.17M	$-665.30M	$-480.44M	$-73.99M	$-75.43M	$0.00
Debt / EBITDA (x)	-1.21x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.16x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	-0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Revenue per Share (USD)	$0.03	$0.28	$0.02	$0.01	$0.01	$0.00	—	—	—	—
Basic EPS, GAAP (USD)	$-5.44	$-13.89	$-1.49	$-1.89	$-1.43	$-2.94	—	—	—	—
Free Cash Flow per Share (USD)	$-8.55	$-19.02	$-1.46	$-1.50	$-0.95	$-1.14	—	—	—	—
Book Value per Share (USD)	$3.74	$9.77	$1.26	$1.74	$3.46	$2.23	$2.39	—	—	—
Tangible Book Value per Share (USD)	$3.74	$9.77	$1.26	$1.74	$3.46	$2.23	$2.39	—	—	—
Basic Weighted Avg Shares (shares)	51.24M	24.95M	337.26M	263.95M	247.62M	219.11M	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Working Capital (USD)	$163.57M	$477.93M	$765.17M	$817.56M	$547.07M	$612.91M	$425.86M	$12.78M	—	—
LT Debt (USD)	$324.19M	$420.12M	—	—	$310.00K	$620.00K	$0.00	—	—	—
Total Equity (USD)	$273.96M	$322.28M	$505.48M	$480.22M	$894.26M	$527.08M	$467.56M	$41.56M	$23.07M	$0.00

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 May 4, 2017 10-K ↗
Sales/Revenue/Turnover (USD)	$1.54M	$7.04M	$6.80M	$2.31M	$3.29M	$238.00K	$3.78M	$2.85M	$1.75M	—
Depreciation Expense (USD)	$16.48M	$15.47M	$13.37M	$11.10M	$11.52M	$9.78M	$7.00M	$5.81M	$5.15M	—
Net Income, GAAP (USD)	$-278.91M	$-346.74M	$-502.34M	$-500.15M	$-352.90M	$-644.89M	$-210.94M	$-138.14M	$-138.19M	—
Operating Cash Flow (USD)	$-240.14M	$-352.70M	$-448.19M	$-380.24M	$-230.76M	$-233.16M	$-209.11M	$-145.70M	$-136.68M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 10 years · 39 quarters

Virgin Galactic Holdings, Inc

Analytical Summary

10-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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