Monitor progress toward commercial spaceflight operations in Q4 2026 and free cash flow performance in Q1 2026, as these will be key indicators of the company's ability to execute its business plan and improve financial performance.
Price Chart
Executive Summary
Virgin Galactic reported Q4 2025 earnings with an EPS of $-0.98, missing consensus by 4.3%, and revenue of $0.3 million. The company maintained its free cash flow guidance for Q1 2026 between $(90) million and $(95) million, driven by lower operating expenses. Despite a miss, the company continues progress toward commercial spaceflight operations in Q4 2026.
Key Financial Metrics
Key Facts
- EPS of $-0.98 missed consensus of $-0.94 by 4.3%
- Revenue of $0.3 million, down from $0.4 million in Q4 2024
- GAAP total operating expenses decreased to $61 million from $82 million in Q4 2024
- Free cash flow guidance for Q1 2026 is expected to be in the range of $(90) million to $(95) million
- Commercial spaceflight operations with the first new SpaceShip continue on track for Q4 2026
Financial Impact
EPS miss of 4.3% and revenue decline
Risk Factors
- Continued negative EPS and revenue trends
- Delays in commercial spaceflight operations
- Higher than expected operating expenses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001706946-26-000017 |
| Document: spce-20260330.htm | 0001706946-26-000017 |
| Document: 0001706946-26-000017-index-headers.html | 0001706946-26-000017 |
| Document: 0001706946-26-000017-index.html | 0001706946-26-000017 |
| Document: 0001706946-26-000017.txt | 0001706946-26-000017 |
| 8-K Data (Synthetic) | 0001706946-26-000017 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 22, 2026 14w ago | 8-K | $3.19 $3.04 | ▲ +4.70% | ▲ +6.45% | $3.03 (+5.02%) |
Jun 2, 2026 17w ago | 8-K | $4.59 $2.89 | ▼ −37.04% | ▼ −38.15% | $3.03 (−33.99%) |
May 28, 2026 18w ago | 8-K | $6.18 $3.00 | ▼ −51.46% | ▼ −52.64% | $3.03 (−50.97%) |
Apr 24, 2026 23w ago | 8-K | $2.54 $2.67 | ▲ +5.12% | ▲ +0.34% | $3.03 (+19.29%) |
Apr 21, 2026 23w ago | 8-K | $2.90 $2.56 | ▼ −11.72% | ▼ −16.50% | $3.03 (+4.48%) |
Apr 20, 2026 23w ago | 8-K | $2.92 $2.71 | ▼ −7.19% | ▼ −13.97% | $3.03 (+3.77%) |
Mar 30, 2026 26w ago | 8-K | $2.43 $2.95 | ▼ −21.40% | ▼ −9.02% | $3.03 (−24.69%) |
US Market Status
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