---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-26-000067"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2026-05-14T20:08:09+00:00"
generated_at: "2026-05-14T20:58:59.310638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001706946-26-000067
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2026-05-14T20:08:09+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000067/0001706946-26-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000067/spce-20260514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-26-000067
- JSON: https://secwatch.observer/filing/0001706946-26-000067.json
- Plain text: https://secwatch.observer/filing/0001706946-26-000067.txt

## Key facts
- Earnings Releases
  Virgin Galactic Holdings, Inc reported financial results for fiscal quarter ended March 31, 2026.
  - Period: fiscal quarter ended March 31, 2026
  - Result: reported results
  source text: On May 14, 2026, Virgin Galactic Holdings, Inc. (the "Company") issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000067/0001706946-26-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.