secwatch.observer — SEC 8-K summary
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Issuer:     Virgin Galactic Holdings, Inc (SPCE)
CIK:        0001706946
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001706946-26-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706946/000170694626000017/0001706946-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706946/000170694626000017/spce-20260330.htm
  HTML page:      https://secwatch.observer/filing/0001706946-26-000017

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