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SPCE · NYSE · United States · Transportation Services
In shortVirgin Galactic Holdings, Inc is loss-making, burns cash and carries moderate debt, with revenue shrinking (−78.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -18480.8% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -18063.9% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -93.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -37.7% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.78× | 82/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.18× | 45/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -22.32× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -11.68 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -28380.0% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 573.2% | 0/100 |
| Operating margin volatility | 7067.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -12.6% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
4 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3.3 | 2.3 | 6.8 | 7 | 1.5 |
| Cost of revenue | 0.3 | 1.9 | 51 | 90 | 73 |
| Gross profit | 3 | 0.4 | (44) | (83) | (71) |
| Research & development | 144 | 314 | 295 | 153 | 80 |
| Selling, general & admin | 167 | 175 | 175 | 125 | 117 |
| Operating income | (320) | (500) | (532) | (377) | (285) |
| Interest expense | 0 | 12 | 13 | 13 | 13 |
| Pre-tax income | (353) | (500) | (502) | (347) | (279) |
| Income tax | 0.1 | 0.6 | 0.5 | 0.1 | 0.1 |
| Net income | (353) | (500) | (502) | (347) | (279) |
| Diluted EPS | −$1.43 | −$1.89 | −$29.79 | −$13.89 | −$5.44 |
| Diluted shares (millions) | 248 | 264 | 17 | 25 | 51 |
4 older years available with the 10-year history. Essential plan, from €8.25/month →
−11.68 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 12, 2026