Virgin Galactic Q3 net loss $64M, cash $424M; first commercial flight on track for Q4 2026

Virgin Galactic Holdings, Inc

2025-Q3 EPS reported -$4.61 revenue$1,232,000

Net loss of $64M, revenue $0.4M flat YoY; adjusted EBITDA $(53)M.
Cash $424M; free cash flow $(108)M; net cash used in ops $(56)M; capex $51M.
First commercial spaceflight on track for Q4 2026; flight tests start Q3 2026.
First sales tranche for new SpaceShips expected Q1 2026; 90% structural parts in factory Q4 2025.
Issued 7.4M shares via ATM for $23M gross proceeds in Q3 2025.

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