SPCE - Virgin Galactic Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$2.65
DETAILS
HIGH:
$3.00
LOW:
$2.30
MEDIAN:
$2.65
CONSENSUS:
$2.65
DOWNSIDE:
32.23%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 1.5 | 7.0 | 6.8 | 2.3 | 3.3 | 0.2 | 3.8 | 2.8 | 1.8 |
| Cost of Revenue | 89.3 | 90.0 | 50.5 | 1.9 | 0.3 | 0.2 | 2.0 | 1.3 | 0.5 |
| Gross Profit | (87.7) | (83.0) | (43.7) | 0.4 | 3.0 | 0.1 | 1.8 | 1.5 | 1.3 |
| Operating Expenses | |||||||||
| R&D Expenses | 80.5 | 152.7 | 295.1 | 314.2 | 149.4 | 154.4 | 132.9 | 116.7 | 93.1 |
| SG&A Expenses | 114.9 | 125.5 | 174.9 | 175.1 | 173.2 | 111.2 | 82.2 | 46.3 | 0.6 |
| Other Expenses | 0 | 15.5 | 17.8 | 11.1 | 0.2 | 9.8 | 0.1 | 1.3 | 140 |
| Operating Expenses | 195.4 | 293.6 | 487.8 | 500.4 | 322.6 | 275.3 | 215.0 | 1.3 | 140 |
| Operating Income | |||||||||
| Operating Income | (283.1) | (376.6) | (531.5) | (500.0) | (319.5) | (275.3) | (213.3) | (1.3) | (140) |
| Interest Expense | 12.8 | 12.9 | 12.9 | 12.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Interest Income | 21.8 | 42.4 | 42.2 | 12.5 | 1.2 | 2.3 | 2.3 | 0.6 | 0 |
| Profitability | |||||||||
| EBITDA | (249.6) | (318.3) | (475.6) | (476.3) | (341.3) | (635.1) | (206.3) | (132.2) | (134.2) |
| EBIT | (266.1) | (333.7) | (489.0) | (487.4) | (352.8) | (644.8) | (213.3) | (138.0) | (138.7) |
| Income Before Tax | (278.9) | (346.7) | (501.9) | (499.6) | (352.8) | (644.9) | (210.9) | 11.0 | 1.3 |
| Income Tax Expense | 0.1 | 0.1 | 0.5 | 0.6 | 0.1 | 0.0 | 0.1 | (24.6) | 0.2 |
| Net Income | (278.9) | (346.7) | (502.3) | (500.2) | (352.9) | (644.9) | (210.9) | 11.0 | 1.3 |
| Per Share Data | |||||||||
| EPS (Basic) | -5.44 | -13.89 | -29.80 | -37.80 | -28.50 | -24.92 | -21.77 | 1.13 | 0.01 |
| EPS (Diluted) | -5.44 | -13.89 | -29.80 | -37.80 | -28.50 | -24.92 | -21.70 | 1.13 | 0.01 |
| Shares Outstanding | 51.2 | 25.0 | 16.9 | 13.2 | 12.4 | 11.0 | 9.7 | 9.7 | 194.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 144.7 | 178.6 | 216.8 | 302.3 | 550.0 | 665.9 | 480.4 | 0.5 | 0.7 |
| Short-Term Investments | 162.3 | 384.6 | 657.2 | 606.7 | 79.4 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 2.3 | 0 | 0.5 | 0 | 0.7 |
| Inventory | 0 | 0 | 0 | 24.0 | 29.7 | 30.5 | 26.8 | 23.3 | 10.2 |
| Other Current Assets | 65.9 | 64.7 | 76.8 | 44.8 | 17.2 | 13.0 | 12.3 | 0 | 0 |
| Total Current Assets | 372.9 | 627.9 | 950.8 | 1,001.6 | 678.6 | 727.9 | 536.7 | 0.5 | 1.6 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 388.7 | 209.1 | 152.3 | 102.1 | 83.0 | 72.7 | 66.3 | 34.2 | 28.2 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 61.3 | 71.6 | 30.4 | 301.5 | 0 | 0 | 704.3 | 691.9 |
| Other Non-Current Assets | 41.6 | 62.9 | 4.8 | 5.8 | 5.8 | 3.4 | 2.6 | (34.2) | (28.2) |
| Total Non-Current Assets | 430.3 | 333.3 | 228.7 | 138.3 | 390.2 | 76.1 | 68.9 | 704.3 | 691.9 |
| Total Assets | 803.2 | 961.2 | 1,179.5 | 1,139.9 | 1,068.8 | 804.0 | 605.5 | 704.8 | 693.6 |
| Current Liabilities | |||||||||
| Account Payables | 15.2 | 3.7 | 32.4 | 16.3 | 9.2 | 6.0 | 7.0 | 0.2 | 0.2 |
| Short-Term Debt | 47.8 | 0 | 0 | 0 | 2.5 | 0.3 | 0 | 0.4 | 0 |
| Deferred Revenue | 78.5 | 84.5 | 0 | 0 | 0 | 0 | 83.4 | (0.6) | (0.4) |
| Other Current Liabilities | 67.8 | 12.3 | 107.2 | 102.9 | 98.0 | 83.3 | 0 | (0.4) | (0.1) |
| Total Current Liabilities | 209.3 | 150.0 | 185.7 | 184.1 | 131.5 | 115.0 | 115.8 | 0.6 | 0.4 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 276.4 | 420.1 | 417.9 | 415.7 | 0 | 0.3 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (24.2) |
| Other Non-Current Liabilities | 43.5 | 68.8 | 1.6 | 3.3 | 3.1 | 137.4 | 0 | 24.1 | 24.1 |
| Total Non-Current Liabilities | 319.9 | 488.9 | 488.4 | 475.7 | 43.0 | 161.9 | 22.1 | 24.1 | 24.1 |
| Total Liabilities | 529.2 | 638.9 | 674.0 | 659.7 | 174.6 | 276.9 | 138.0 | 24.7 | 24.5 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 675.0 | 664.1 |
| Retained Earnings | (2,751.8) | (2,472.9) | (2,126.1) | (1,623.8) | (1,123.6) | (770.7) | (121.7) | 5.0 | 1.3 |
| Accumulated Other Comprehensive Income | 0.1 | 0.3 | 0.4 | (7.3) | (1.9) | 0.0 | 0.1 | 41.6 | 0.1 |
| Total Stockholders' Equity | 274.0 | 322.3 | 505.5 | 480.2 | 894.3 | 527.1 | 467.6 | 680.0 | 669.1 |
| Total Liabilities & Equity | 803.2 | 961.2 | 1,179.5 | 1,139.9 | 1,068.8 | 804.0 | 605.5 | 704.8 | 693.6 |
| Debt Metrics | |||||||||
| Total Debt | 324.2 | 420.1 | 491.1 | 475.4 | 42.5 | 27.2 | 24.5 | 0.4 | 0.1 |
| Net Debt | 179.5 | 241.5 | 274.3 | 173.1 | (507.6) | (638.8) | (455.9) | (0.1) | (0.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (278.9) | (346.7) | (502.3) | (500.2) | (352.9) | (644.9) | (210.9) | 11.0 | 1.3 |
| Depreciation & Amortization | 16.5 | 15.5 | 13.4 | 11.1 | 11.5 | 9.8 | 7.0 | 5.8 | 4.5 |
| Stock-Based Compensation | 18.7 | 29.8 | 44.3 | 45.7 | 61.8 | 30.3 | 2.5 | 0 | 0 |
| Change in Working Capital | 7.4 | (38.2) | 7.9 | 50.3 | 14.2 | (0.3) | (2.1) | 0.2 | (0.0) |
| Other Non-Cash Items | (3.8) | (12.9) | (11.4) | 12.8 | 34.7 | 371.9 | (0.0) | (12.3) | (1.9) |
| Operating Cash Flow | (240.1) | (352.7) | (448.2) | (380.2) | (230.8) | (233.2) | (203.6) | (1.1) | (0.7) |
| Investing Activities | |||||||||
| Capital Expenditure | (198.0) | (121.9) | (44.3) | (16.5) | (4.6) | (17.2) | (19.4) | (10.6) | (5.6) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (319.1) | (543.4) | (1,009.8) | (704.6) | (382.9) | 0 | 0 | 0 | (690) |
| Sales/Maturities of Investments | 601.9 | 840.3 | 937.9 | 434.9 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 6.1 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | (684) |
| Investing Cash Flow | 90.8 | 175.7 | (116.3) | (286.2) | (387.5) | (17.2) | (19.4) | (10.6) | (690) |
| Financing Activities | |||||||||
| Net Debt Issuance | (108.3) | (0.2) | (0.2) | 424.5 | (0.5) | (0.4) | (0.1) | (0.1) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (7.8) | (3.3) | (8.5) | (68.8) | (10.2) | (23.2) | 558.1 | 156.7 | 0.1 |
| Financing Cash Flow | 114.1 | 134.3 | 475.4 | 459.0 | 489.4 | 436.6 | 634.3 | 0.9 | 691.3 |
| Cash Position | |||||||||
| Net Change in Cash | (35.2) | (42.7) | (89.0) | (207.4) | (128.9) | 186.2 | 411.4 | (0.2) | 0.7 |
| Cash at Beginning | 210.9 | 253.6 | 342.6 | 550.0 | 679.0 | 492.7 | 81.4 | 0.7 | 0 |
| Cash at End | 175.7 | 210.9 | 253.6 | 342.6 | 550.0 | 679.0 | 492.7 | 0.5 | 0.7 |
| Free Cash Flow | (438.2) | (474.6) | (492.5) | (396.7) | (235.4) | (250.4) | (223.0) | (11.7) | (6.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 1.5 | 7.0 | 6.8 | 2.3 | 3.3 | 0.2 | 3.8 | 2.8 | 1.8 |
| Gross Profit | (87.7) | (83.0) | (43.7) | 0.4 | 3.0 | 0.1 | 1.8 | 1.5 | 1.3 |
| Operating Income | (283.1) | (376.6) | (531.5) | (500.0) | (319.5) | (275.3) | (213.3) | (1.3) | (140) |
| Net Income | (278.9) | (346.7) | (502.3) | (500.2) | (352.9) | (644.9) | (210.9) | 11.0 | 1.3 |
| EPS (Diluted) | -5.44 | -13.89 | -29.80 | -37.80 | -28.50 | -24.92 | -21.70 | 1.13 | 0.01 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 144.7 | 178.6 | 216.8 | 302.3 | 550.0 | 665.9 | 480.4 | 0.5 | 0.7 |
| Total Assets | 803.2 | 961.2 | 1,179.5 | 1,139.9 | 1,068.8 | 804.0 | 605.5 | 704.8 | 693.6 |
| Total Debt | 324.2 | 420.1 | 491.1 | 475.4 | 42.5 | 27.2 | 24.5 | 0.4 | 0.1 |
| Stockholders' Equity | 274.0 | 322.3 | 505.5 | 480.2 | 894.3 | 527.1 | 467.6 | 680.0 | 669.1 |
| Cash Flow | |||||||||
| Operating Cash Flow | (240.1) | (352.7) | (448.2) | (380.2) | (230.8) | (233.2) | (203.6) | (1.1) | (0.7) |
| Capital Expenditure | (198.0) | (121.9) | (44.3) | (16.5) | (4.6) | (17.2) | (19.4) | (10.6) | (5.6) |
| Free Cash Flow | (438.2) | (474.6) | (492.5) | (396.7) | (235.4) | (250.4) | (223.0) | (11.7) | (6.2) |