---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-23-000013"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:24:54.087317+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q4 net loss $151M, cash $980M; commercial service on track for Q2 2023

## Summary
- Net loss of $151M in Q4 2022 vs $81M in Q4 2021; full year net loss $500M vs $353M.
- Cash and equivalents $980M as of Dec 31, 2022; free cash flow -$135M in Q4.
- Commercial service remains on track for Q2 2023; VMS Eve returned to Spaceport America.
- Raised $103.3M from ATM and $425M from convertible notes in 2022.
- Adjusted EBITDA -$133M in Q4 vs -$65M in prior year.

## SEC filing metadata
- accession: 0001706946-23-000013
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000013/0001706946-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000013/spce-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-23-000013
- JSON: https://secwatch.observer/filing/0001706946-23-000013.json
- Plain text: https://secwatch.observer/filing/0001706946-23-000013.txt

## Key facts
- Earnings Releases
  Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2022 results: net income Net loss of $151 million.
  - Period: the fourth quarter and full year ended December 31, 2022
  - Net income: Net loss of $151 million
  - Result: reported results
  source text: Virgin Galactic Announces Fourth Quarter and Full Year 2022 Financial Results and Provides Business Update
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000013/0001706946-23-000013-index.htm

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