---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-22-000146"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:29:15.619709+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q3 net loss widens to $146M; cash $1.1B; on track for Q2 2023 commercial launch

## Summary
- Net loss of $146M vs $48M in Q3 2021; adjusted EBITDA -$129M vs -$68M.
- Cash and equivalents of $1.1B; free cash flow -$107M; raised $100M via ATM offering in August.
- Selected Bell Textron and Qarbon Aerospace as primary suppliers for Delta Class spaceships; first expected in 2025.
- Commercial service launch remains on track for Q2 2023; multiple test flights planned.
- R&D expenses nearly tripled to $97M from $34M YoY, driving wider operating losses.

## SEC filing metadata
- accession: 0001706946-22-000146
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694622000146/0001706946-22-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694622000146/spce-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-22-000146
- JSON: https://secwatch.observer/filing/0001706946-22-000146.json
- Plain text: https://secwatch.observer/filing/0001706946-22-000146.txt

## Key facts
- Earnings Releases
  Virgin Galactic Holdings, Inc reported the third quarter ended September 30, 2022 results: net income Net loss of $146 million.
  - Period: the third quarter ended September 30, 2022
  - Net income: Net loss of $146 million
  - Result: reported results
  source text: Virgin Galactic Announces Third Quarter 2022 Financial Results And Provides Business Update
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694622000146/0001706946-22-000146-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.