Virgin Galactic Q2 revenue $0.4M, net loss $67M; commercial service on track for 2026

Virgin Galactic Holdings, Inc

2025-Q2 EPS reported -$3.74 revenue$867,000

Revenue of $0.4M vs $4.2M YoY; net loss narrowed to $67M from $94M on lower operating expenses.
Cash, cash equivalents and marketable securities of $508M; issued 15.7M shares via ATM for $56M gross proceeds.
Non-GAAP operating expenses fell to $58M from $95M YoY; free cash flow was -$114M in both Q2 2025 and 2024.
SpaceShip wing and feather assembly expected Q4 2025; fuselage completion late Q4 2025 or early Q1 2026.
Commercial spaceflight planned for fall 2026; feasibility studies with Lawrence Livermore Lab and for Italy spaceport.

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