---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-26-000126"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2026-08-12T20:13:59+00:00"
generated_at: "2026-08-12T20:15:26.786575+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q2 2026 net loss $56M; first commercial flight delayed to Feb 2027

## Summary
- Revenue $0.1M vs $0.4M YoY; net loss $56M vs $67M; adjusted EBITDA -$52M.
- Cash and marketable securities $286M; free cash flow -$91M vs -$114M.
- Spaceflight expeditions at $750k oversubscribed; adds >$50M to future revenue; new tranche at higher price fall.
- First commercial spaceflight moved to Feb 2027 (from Q4 2026); flight test starts Oct 2026 with captive carry.
- ATM raised $134M from 41M shares; reduced notes due Feb 2027 to $17.9M; no mandatory payments on Dec 2028 notes until Mar 2028.

## SEC filing metadata
- accession: 0001706946-26-000126
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2026-08-12T20:13:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000126/0001706946-26-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000126/spce-20260812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-26-000126
- JSON: https://secwatch.observer/filing/0001706946-26-000126.json
- Plain text: https://secwatch.observer/filing/0001706946-26-000126.txt

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