Virgin Galactic Q4 net loss $63M; opens spaceflight sales at $750K, first SpaceShip to ground test in April

Virgin Galactic Holdings, Inc

Q4 2025 net loss $63M vs $76M YoY; adjusted EBITDA $(49)M; free cash flow $(95)M.
Revenue $0.3M in Q4 ($2M full year); cash and marketable securities $338M at year-end.
Commercial spaceflight sales opened at $750K per expedition; first new SpaceShip to begin ground testing in April 2026.
First new SpaceShip commercial ops on track for Q4 2026; second SpaceShip expected late Q4 2026 to early Q1 2027.
Debt obligations reduced by $142M through capital realignment; ATM issuance generated $122M gross in 2025.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2025 results: revenue Revenue of $0.3 million, net income Net loss of $63 million.

Period: the fourth quarter and full year ended December 31, 2025
Revenue: Revenue of $0.3 million
Net income: Net loss of $63 million
Result: reported results

Exact text from the filing

Quarter 2025 Financial Highlights • Cash position remains strong, with cash, cash equivalents and marketable securities of $338 million as of December 31, 2025. • Revenue of $0.3 million, compared to $0.4 million in the fourth quarter of 2024, attributable to access fees related to future astronauts. • GAAP total operating expenses of $61 million, compared to $82

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Source: SEC EDGAR

accession 0001706946-26-000017

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