Virgin Galactic Holdings, Inc

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

SPCE$2.79-2.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(Unaudited; in thousands, except per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Revenue	$365	$402	$1,232	$6,607
Operating expenses:
Spaceline operations	19,497	19,874	54,529	69,753
Research and development	14,952	23,937	68,383	124,441
Selling, general and administrative	27,965	33,978	90,365	95,793
Depreciation and amortization	4,117	4,341	12,511	11,296
Total operating expenses	66,531	82,130	225,788	301,283
Operating loss	(66,166)	(81,728)	(224,556)	(294,676)
Interest income	4,966	10,363	18,013	33,779
Interest expense	(3,250)	(3,233)	(9,737)	(9,690)
Other income, net	33	163	107	479
Loss before income taxes	(64,417)	(74,435)	(216,173)	(270,108)
Income tax expense	—	105	11	219
Net loss	(64,417)	(74,540)	(216,184)	(270,327)
Other comprehensive income (loss):
Foreign currency translation adjustment	(6)	31	12	25
Unrealized gain (loss) on marketable securities	239	1,794	(71)	846
Total comprehensive loss	$(64,184)	$(72,715)	$(216,243)	$(269,456)
Net loss per share:
Basic and diluted	$(1.09)	$(2.66)	$(4.61)	$(11.66)
Weighted-average shares outstanding:
Basic and diluted	59,252	27,973	46,865	23,176

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.