---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-24-000036"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:12:40.637562+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q4 revenue $3M, net loss $104M; cash $982M, Delta on track for 2026

## Summary
- Q4 2023 revenue $3M (vs $1M Q4 2022); full-year revenue $7M; net loss $104M Q4, $502M FY.
- Cash, cash equivalents & marketable securities $982M as of Dec 31, 2023.
- Galactic 06 completed Jan 2024; Galactic 07 planned Q2 2024; spaceship factory opens mid-2024.
- Delta class spaceships on track for ground/flight testing 2025 and commercial service 2026.
- Adjusted EBITDA $(84)M Q4, $(427)M FY; free cash flow $(114)M Q4, $(493)M FY.

## SEC filing metadata
- accession: 0001706946-24-000036
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1706946/000170694624000036/0001706946-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694624000036/spce-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-24-000036
- JSON: https://secwatch.observer/filing/0001706946-24-000036.json
- Plain text: https://secwatch.observer/filing/0001706946-24-000036.txt

## Key facts
- Earnings Releases
  Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2023 results: revenue Revenue of $3 million, net income Net loss of $104 million.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: Revenue of $3 million
  - Net income: Net loss of $104 million
  - Result: reported results
  source text: Quarter 2023 Financial Highlights • Cash position remains strong, with cash, cash equivalents and marketable securities of $982 million as of December 31, 2023. • Revenue of $3 million, compared to $1 million in the fourth quarter of 2022, driven by commercial spaceflights and membership fees related to future astronauts. • GAAP total operating expenses of $117
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694624000036/0001706946-24-000036-index.htm

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