Virgin Galactic Q1 net loss $65M; cash $251M; flight test on track for Q3 2026

Virgin Galactic Holdings, Inc

2026-Q1 EPS reported -$0.81 revenue$227,000

Q1 net loss $65M vs $84M YoY; Adjusted EBITDA -$55M, improving from -$72M.
Revenue $0.2M (future astronaut access fees); GAAP operating expenses $66M.
Cash, equivalents, and marketable securities $251M at March 31, 2026.
First SpaceShip in ground test; flight test on track Q3, first spaceflight Q4 2026.
Generated $52M in April ATM proceeds; $87M remaining; redeemed $10M debt via shares.

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