---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-25-000036"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:43:17.141670+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q4 net loss $76M, Delta SpaceShip first flight planned summer 2026

## Summary
- Net loss $76M (vs $104M Q4 2023); revenue $0.4M down from $2.8M.
- Cash equivalents & securities $657M; Q4 free cash flow -$117M.
- Assembly of first Delta SpaceShip begins March 2025; first flight summer 2026, private astronaut flights fall 2026.
- Raised $29M via ATM in Q4; total 2024 ATM proceeds $138M.
- Executed contract with Redwire for next-gen research payload lockers.

## SEC filing metadata
- accession: 0001706946-25-000036
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694625000036/0001706946-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694625000036/spce-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-25-000036
- JSON: https://secwatch.observer/filing/0001706946-25-000036.json
- Plain text: https://secwatch.observer/filing/0001706946-25-000036.txt

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