📊 SPCE Key Takeaways
Is Virgin Galactic Holdings, Inc (SPCE) a Good Investment?
Virgin Galactic faces existential financial distress with an 78% revenue collapse, unsustainable cash burn of $438M annually against only $1.5M in quarterly revenue, and negative operating cash flow of $240M. The company has less than 4 months of cash runway at current burn rates with $324M in debt and zero ability to service obligations from operations, creating imminent going concern risk.
Why Buy Virgin Galactic Holdings, Inc Stock? SPCE Key Strengths
- Maintains $144.7M in cash reserves providing near-term liquidity buffer
- Current and quick ratios of 1.78x and 1.71x indicate reasonable short-term coverage
- Positive stockholders' equity of $274M still exceeds liabilities by $45M cushion
SPCE Stock Risks: Virgin Galactic Holdings, Inc Investment Risks
- Catastrophic revenue collapse of 78% YoY to $1.5M quarterly - indicates failed commercialization
- Operating cash burn of $240M+ quarterly with minimal revenue generation - mathematically unsustainable
- Cash runway of 3-4 months at current burn rate without additional financing
- High debt burden of $324M with negative interest coverage (-88.4x) and inability to service from operations
- Negative gross profit accounting anomalies suggest data quality issues or significant one-time charges masking true operational performance
- Going concern risk if unable to secure additional capital or dramatically reduce cash burn
Key Metrics to Watch
- Quarterly revenue trends and successful commercial flight bookings
- Operating cash flow path to positive territory
- Monthly cash burn rate and cash runway remaining
- Debt refinancing or capital raise announcements
- Operating expense reduction as percentage of revenue
Virgin Galactic Holdings, Inc (SPCE) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Virgin Galactic Holdings, Inc presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
SPCE Profit Margin, ROE & Profitability Analysis
SPCE vs Transportation Sector: How Virgin Galactic Holdings, Inc Compares
How Virgin Galactic Holdings, Inc compares to Transportation sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Virgin Galactic Holdings, Inc Stock Overvalued? SPCE Valuation Analysis 2026
Based on fundamental analysis, Virgin Galactic Holdings, Inc shows some fundamental concerns relative to the Transportation sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Virgin Galactic Holdings, Inc Balance Sheet: SPCE Debt, Cash & Liquidity
SPCE Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Virgin Galactic Holdings, Inc's revenue has grown significantly by 86% over the 5-year period, indicating strong business expansion. The most recent EPS of $-13.89 indicates the company is currently unprofitable.
SPCE Revenue Growth, EPS Growth & YoY Performance
SPCE Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $365.0K | -$64.4M | $-1.09 |
| Q2 2025 | $406.0K | -$67.3M | $-1.47 |
| Q1 2025 | $461.0K | -$84.5M | $-2.38 |
| Q3 2024 | $402.0K | -$74.5M | $-2.66 |
| Q2 2024 | $1.9M | -$93.8M | $-4.36 |
| Q1 2024 | $392.0K | -$102.0M | $-0.25 |
| Q3 2023 | $767.0K | -$93.1M | $-0.28 |
| Q2 2023 | $357.0K | -$93.1M | $-0.43 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Virgin Galactic Holdings, Inc Dividends, Buybacks & Capital Allocation
SPCE SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Virgin Galactic Holdings, Inc (CIK: 0001706946)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SPCE
What is the AI rating for SPCE?
Virgin Galactic Holdings, Inc (SPCE) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SPCE's key strengths?
Claude: Maintains $144.7M in cash reserves providing near-term liquidity buffer. Current and quick ratios of 1.78x and 1.71x indicate reasonable short-term coverage.
What are the risks of investing in SPCE?
Claude: Catastrophic revenue collapse of 78% YoY to $1.5M quarterly - indicates failed commercialization. Operating cash burn of $240M+ quarterly with minimal revenue generation - mathematically unsustainable.
What is SPCE's revenue and growth?
Virgin Galactic Holdings, Inc reported revenue of $1.5M.
Does SPCE pay dividends?
Virgin Galactic Holdings, Inc does not currently pay dividends.
Where can I find SPCE SEC filings?
Official SEC filings for Virgin Galactic Holdings, Inc (CIK: 0001706946) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SPCE's EPS?
Virgin Galactic Holdings, Inc has a diluted EPS of $-5.44.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is SPCE a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Virgin Galactic Holdings, Inc has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is SPCE stock overvalued or undervalued?
Valuation metrics for SPCE: ROE of -101.8% (sector avg: 18%), net margin of -18,063.9% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy SPCE stock in 2026?
Our dual AI analysis gives Virgin Galactic Holdings, Inc a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SPCE's free cash flow?
Virgin Galactic Holdings, Inc's operating cash flow is $-240.1M, with capital expenditures of $198.0M. FCF margin is -28,380.0%.
How does SPCE compare to other Transportation stocks?
Vs Transportation sector averages: Net margin -18,063.9% (avg: 10%), ROE -101.8% (avg: 18%), current ratio 1.78 (avg: 1).