NYSE$SPCE

Virgin Galactic Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Virgin Galactic reported Q2 2025 revenue of $406.0K, a net loss of $67.3M, diluted EPS of $-1.47.

For Q2 2025, Virgin Galactic reported Revenue was $406.0K, net loss was $67.3M, diluted EPS was $-1.47. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $406.0K for Q2 2025.
  • Net loss $67.3M.
  • Diluted EPS $-1.47.

Headline financials

Total Revenue

$406K

Previous: $4.22M-90.4%
EPS (adj)

-$1.47

Previous: -$4.36+66.3%
Adjusted EBITDA

-$52.2M

Previous: -$79M+34.0%
Capital Expenditures

$58.4M

Previous: $34.4M+69.6%
Net Cash Used in Ops

$55.4M

Previous: $79.1M-29.9%
Common Stock Proceeds

$56M

No prior period
Total Operating Expenses

$70.3M

Previous: $106M-33.6%
Non-GAAP OpEx

$58.5M

Previous: $94.5M-38.1%
Free Cash Flow

-$172M

Previous: -$141M-21.5%
Net Income

-$67.3M

Previous: -$93.8M+28.3%
Operating Income

-$69.9M

Previous: -$102M+31.3%
Gross Profit

-$13.8M

Previous: -$23.1M+40.2%
Cash & Equivalents

$164M

Previous: $182M-10.3%
Total Assets

$899M

Previous: $1.06B-15.4%

Revenue & EPS history

Virgin Galactic · Revenue · Quarterly

$406K

Q2 2025-90.4%vs Q2 2024
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Biotech and growth companies emphasize pipeline milestones and cash runway.

Tailwinds

  • Clinical progress and partnership economics.
  • Cash supports key readouts and commercial prep.

Headwinds

  • Trial risk and regulatory timelines.
  • Operating losses until product revenue scales.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.0%

Avg return

Earnings day

-4.1%

Avg return

5 days after

-4.5%

Avg return

30 days after

49%

17 / 35 earnings

Positive

+41.1%

Q1 2025

Best reaction

-19.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+13.1%-23.5%
Q1 2026+2.1%-13.2%+35.9%
Q3 2025+10.6%+4.5%-2.1%
Q2 2025-9.8%-20.9%-14.8%
Q1 2025+41.1%+11.0%-10.4%
Q4 2024-0.3%-11.5%-21.6%
Q3 2024-8.7%+9.7%-5.8%
Q2 2024+6.6%+3.2%+3.5%
Q1 2024-3.4%-7.6%-19.6%
Q4 2023-1.7%-5.1%-16.9%
Q3 2023+6.9%+8.6%+33.9%
Q2 2023-7.5%-13.1%-41.1%
Q1 2023+2.2%-1.7%+0.7%
Q4 2022-14.0%+0.0%-26.2%
Q3 2022+8.6%+10.4%+13.5%
Q2 2022-18.1%-19.5%-30.7%
Q1 2022-17.7%-29.2%-15.7%
Q4 2021-3.7%+9.3%+15.8%
Q3 2021+7.0%-1.6%-16.8%
Q2 2021+8.4%+1.8%-21.1%
Q1 2021-7.6%-17.5%+79.3%
Q4 2020-19.3%-26.8%-35.8%
Q3 2020+5.5%+13.5%+59.4%
Q2 2020-7.7%-18.7%-23.8%
Q1 2020+10.9%+21.0%-4.9%
Q2 2019+18.3%+8.1%-30.0%
Q4 2019-16.2%-28.3%-50.2%
Q3 2019-4.7%-5.1%-10.1%
Q1 2019+0.0%+0.2%+0.0%
Q2 2018+0.1%+0.4%+1.0%
Q4 2018+0.1%+0.4%+1.0%
Q3 2018+0.5%+0.1%+0.6%
Q1 2018+0.1%-0.1%+0.4%
Q4 2017-0.2%+0.0%+0.4%
Q3 2017-1.3%-1.9%-1.9%

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