SPCE Chart
About

Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies. The company is headquartered in Tustin, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Aerospace & Defense Market Cap 187.21M
Enterprise Value 246.39M Income -292.60M Sales 1.66M
Book/sh 3.58 Cash/sh 6.23 Dividend Yield —
Payout 0.00% Employees 744 IPO —
P/E — Forward P/E -0.63 PEG —
P/S 112.71 P/B 0.72 P/C —
EV/EBITDA -0.85 EV/Sales 148.34 Quick Ratio 2.47
Current Ratio 2.87 Debt/Eq 211.67 LT Debt/Eq —
EPS (ttm) -6.84 EPS next Y -4.06 EPS Growth —
Revenue Growth -9.20% Earnings 2026-02-25 16:00 ROA -20.49%
ROE -98.87% ROIC — Gross Margin 0.00%
Oper. Margin -181.28% Profit Margin 0.00% Shs Outstand 73.13M
Shs Float 63.06M Short Float 22.15% Short Ratio 3.48
Short Interest — 52W High 6.64 52W Low 2.18
Beta 2.22 Avg Volume 4.53M Volume 1.91M
Target Price $4.08 Recom None Prev Close $2.55
Price $2.56 Change 0.39%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.08
Mean price target
2. Current target
$2.50
Latest analyst target
3. DCF / Fair value
$-87.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.50
Low
$2.00
High
$8.00
Mean
$4.08

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-12 main Morgan Stanley Underweight → Underweight $2
2025-10-09 main Susquehanna Neutral → Neutral $4
2025-08-21 main Bernstein Underperform → Underperform $2
2025-05-16 main Jefferies Buy → Buy $8
2025-03-13 main Susquehanna Neutral → Neutral $3
2025-03-03 main Goldman Sachs Neutral → Neutral $36
2024-08-09 main Goldman Sachs Neutral → Neutral $53
2024-08-08 main Susquehanna Neutral → Neutral $6
2024-07-17 main Susquehanna Neutral → Neutral $8
2024-07-10 main Goldman Sachs Neutral → Neutral $61
2024-06-20 main Morgan Stanley Underweight → Underweight $35
2024-05-13 main TD Cowen Buy → Buy $2
2024-05-13 main Goldman Sachs Neutral → Neutral $4
2024-05-09 main Wells Fargo Underweight → Underweight $1
2024-05-08 main Susquehanna Neutral → Neutral $1
2024-04-04 main Wells Fargo Underweight → Underweight $1
2024-02-28 main Truist Securities Hold → Hold $2
2024-01-10 up Truist Securities Sell → Hold $3
2023-11-22 down Morgan Stanley Equal-Weight → Underweight $2
2023-11-09 main Susquehanna Neutral → Neutral $2
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 2272 — — COLGLAZIER MICHAEL A Chief Executive Officer — 2025-12-30 00:00:00 D nan
1 525 — — CHITALE APARNA Officer — 2025-12-30 00:00:00 D nan
2 1376 — — AHRENS DOUGLAS T Chief Financial Officer — 2025-12-30 00:00:00 D nan
3 2273 — — COLGLAZIER MICHAEL A Chief Executive Officer — 2025-10-07 00:00:00 D nan
4 524 — — CHITALE APARNA Officer — 2025-10-07 00:00:00 D nan
5 1377 — — AHRENS DOUGLAS T Chief Financial Officer — 2025-10-07 00:00:00 D nan
6 2273 — — COLGLAZIER MICHAEL A Chief Executive Officer — 2025-06-30 00:00:00 D nan
7 525 — — CHITALE APARNA Officer — 2025-06-30 00:00:00 D nan
8 1377 — — AHRENS DOUGLAS T Chief Financial Officer — 2025-06-30 00:00:00 D nan
9 39937 — Stock Award(Grant) at price 0.00 per share. SIGUR WANDA A Director — 2025-06-05 00:00:00 D —
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-923.58K0.00-9.36M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA-318.27M-471.25M-476.33M-306.63M
TotalUnusualItems0.00-4.40M0.00-34.65M
TotalUnusualItemsExcludingGoodwill0.00-4.40M0.00-34.65M
NetIncomeFromContinuingOperationNetMinorityInterest-346.74M-502.34M-500.15M-352.90M
ReconciledDepreciation15.47M13.37M11.10M11.52M
ReconciledCostOfRevenue90.02M50.54M1.91M272.00K
EBITDA-318.27M-475.64M-476.33M-341.28M
EBIT-333.74M-489.01M-487.42M-352.80M
NetInterestIncome29.43M29.36M372.00K1.18M
InterestExpense12.93M12.87M12.13M25.00K
InterestIncome42.35M42.23M12.50M1.21M
NormalizedIncome-346.74M-498.86M-500.15M-327.60M
NetIncomeFromContinuingAndDiscontinuedOperation-346.74M-502.34M-500.15M-352.90M
TotalExpenses383.67M533.91M502.30M322.83M
TotalOperatingIncomeAsReported-376.63M-531.51M-499.98M-319.54M
DilutedAverageShares24.95M16.86M13.20M12.38M
BasicAverageShares24.95M16.86M13.20M12.38M
DilutedEPS-13.89-29.80-37.80-28.60
BasicEPS-13.89-29.80-37.80-28.60
DilutedNIAvailtoComStockholders-346.74M-502.34M-500.15M-352.90M
NetIncomeCommonStockholders-346.74M-502.34M-500.15M-352.90M
NetIncome-346.74M-502.34M-500.15M-352.90M
NetIncomeIncludingNoncontrollingInterests-346.74M-502.34M-500.15M-352.90M
NetIncomeContinuousOperations-346.74M-502.34M-500.15M-352.90M
TaxProvision74.00K453.00K598.00K79.00K
PretaxIncome-346.67M-501.88M-499.55M-352.82M
OtherIncomeExpense538.00K-4.13M58.00K-34.47M
OtherNonOperatingIncomeExpenses538.00K263.00K58.00K182.00K
SpecialIncomeCharges0.00-4.40M0.000.00
RestructuringAndMergernAcquisition0.004.40M0.000.00
GainOnSaleOfSecurity-34.65M
NetNonOperatingInterestIncomeExpense29.43M29.36M372.00K1.18M
InterestExpenseNonOperating12.93M12.87M12.13M25.00K
InterestIncomeNonOperating42.35M42.23M12.50M1.21M
OperatingIncome-376.63M-527.11M-499.98M-319.54M
OperatingExpense293.64M483.37M500.39M322.56M
DepreciationAmortizationDepletionIncomeStatement15.47M13.37M11.10M11.52M
DepreciationAndAmortizationInIncomeStatement15.47M13.37M11.10M11.52M
ResearchAndDevelopment152.68M295.14M314.17M144.22M
SellingGeneralAndAdministration125.50M174.86M175.12M166.81M
GrossProfit-82.99M-43.74M406.00K3.02M
CostOfRevenue90.02M50.54M1.91M272.00K
TotalRevenue7.04M6.80M2.31M3.29M
OperatingRevenue7.04M6.80M2.31M3.29M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber33.00M20.00M13.77M12.91M
ShareIssued33.00M20.00M13.77M12.91M
NetDebt241.51M201.09M113.43M
TotalDebt420.12M417.89M415.72M
TangibleBookValue322.28M505.48M480.22M894.26M
InvestedCapital742.40M923.36M895.94M894.26M
WorkingCapital477.93M765.17M817.56M547.07M
NetTangibleAssets322.28M505.48M480.22M894.26M
CommonStockEquity322.28M505.48M480.22M894.26M
TotalCapitalization742.40M923.36M895.94M894.26M
TotalEquityGrossMinorityInterest322.28M505.48M480.22M894.26M
StockholdersEquity322.28M505.48M480.22M894.26M
GainsLossesNotAffectingRetainedEarnings278.00K371.00K-7.33M-1.87M
OtherEquityAdjustments278.00K371.00K-7.33M-1.87M
RetainedEarnings-2.47B-2.13B-1.62B-1.12B
AdditionalPaidInCapital2.79B2.63B2.11B2.02B
CapitalStock3.00K2.00K28.00K26.00K
CommonStock3.00K2.00K28.00K26.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest638.95M674.04M659.72M174.57M
TotalNonCurrentLiabilitiesNetMinorityInterest488.94M488.38M475.66M43.05M
OtherNonCurrentLiabilities68.81M70.50M59.94M43.05M
DerivativeProductLiabilities0.00
LongTermDebtAndCapitalLeaseObligation420.12M417.89M415.72M
LongTermDebt420.12M417.89M415.72M
CurrentLiabilities150.01M185.66M184.05M131.52M
OtherCurrentLiabilities12.29M13.72M3.23M2.64M
CurrentDeferredLiabilities84.49M97.84M102.65M90.86M
CurrentDeferredRevenue84.49M97.84M102.65M90.86M
PensionandOtherPostRetirementBenefitPlansCurrent32.18M26.55M
PayablesAndAccruedExpenses53.23M74.09M51.62M38.02M
CurrentAccruedExpenses49.53M41.68M35.29M28.79M
Payables3.70M32.41M16.33M9.24M
AccountsPayable3.70M32.41M16.33M9.24M
TotalAssets961.23M1.18B1.14B1.07B
TotalNonCurrentAssets333.29M228.69M138.32M390.24M
OtherNonCurrentAssets62.90M63.29M54.27M41.28M
InvestmentsAndAdvances61.28M71.60M30.39M301.46M
InvestmentinFinancialAssets61.28M71.60M30.39M301.46M
AvailableForSaleSecurities61.28M71.60M30.39M301.46M
NetPPE209.11M93.81M53.66M47.50M
AccumulatedDepreciation-90.37M-75.63M-62.99M-54.40M
GrossPPE299.49M169.43M116.65M101.89M
Leases77.59M37.14M31.09M29.16M
ConstructionInProgress117.81M34.58M4.34M2.90M
MachineryFurnitureEquipment92.68M87.31M70.81M60.72M
BuildingsAndImprovements10.11M9.09M9.12M9.12M
LandAndImprovements1.30M1.30M1.30M0.00
Properties0.000.000.000.00
CurrentAssets627.94M950.83M1.00B678.59M
OtherCurrentAssets32.43M40.00M28.23M19.48M
RestrictedCash32.28M36.79M40.34M25.55M
PrepaidAssets19.48M
Inventory16.30M24.04M29.67M
RawMaterials16.30M24.04M29.67M
CashCashEquivalentsAndShortTermInvestments563.23M874.04M909.01M603.90M
OtherShortTermInvestments384.62M657.24M606.72M79.42M
CashAndCashEquivalents178.60M216.80M302.29M524.48M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-474.56M-492.50M-396.73M-235.40M
RepaymentOfDebt-193.00K-235.00K-544.00K-450.00K
IssuanceOfDebt0.00425.00M0.00
IssuanceOfCapitalStock137.80M484.14M103.33M500.00M
CapitalExpenditure-121.86M-44.31M-16.49M-4.63M
InterestPaidSupplementalData10.62M15.94M5.67M0.00
IncomeTaxPaidSupplementalData329.00K658.00K80.00K109.00K
EndCashPosition210.88M253.59M342.63M550.03M
BeginningCashPosition253.59M342.63M550.03M678.96M
ChangesInCash-42.71M-89.03M-207.40M-128.93M
FinancingCashFlow134.34M475.43M459.00M489.36M
CashFlowFromContinuingFinancingActivities134.34M475.43M459.00M489.36M
NetOtherFinancingCharges-3.26M-8.48M-68.83M-30.17M
ProceedsFromStockOptionExercised0.0049.00K19.98M
NetCommonStockIssuance137.80M484.14M103.33M500.00M
CommonStockIssuance137.80M484.14M103.33M500.00M
NetIssuancePaymentsOfDebt-193.00K-235.00K424.46M-450.00K
NetLongTermDebtIssuance-193.00K-235.00K424.46M-450.00K
LongTermDebtPayments-193.00K-235.00K-544.00K-450.00K
LongTermDebtIssuance0.00425.00M0.00
InvestingCashFlow175.66M-116.27M-286.17M-387.52M
CashFlowFromContinuingInvestingActivities175.66M-116.27M-286.17M-387.52M
NetOtherInvestingChanges610.00K
NetInvestmentPurchaseAndSale296.90M-71.96M-269.68M-382.88M
SaleOfInvestment840.34M937.87M434.89M0.00
PurchaseOfInvestment-543.43M-1.01B-704.57M-382.88M
CapitalExpenditureReported-121.86M-44.31M-16.49M-4.63M
OperatingCashFlow-352.70M-448.19M-380.24M-230.76M
CashFlowFromContinuingOperatingActivities-352.70M-448.19M-380.24M-230.76M
ChangeInWorkingCapital-38.24M7.93M50.31M14.15M
ChangeInOtherWorkingCapital-13.35M-4.81M11.78M7.65M
ChangeInOtherCurrentLiabilities-6.25M-12.45M556.00K1.22M
ChangeInOtherCurrentAssets10.57M16.55M-2.81M-3.46M
ChangeInPayablesAndAccruedExpense-29.20M8.62M35.15M7.93M
ChangeInPayable-29.20M8.62M
ChangeInAccountPayable-29.20M8.62M
ChangeInInventory4.76M5.62M815.00K
OtherNonCashItems3.69M3.67M12.80M11.00K
StockBasedCompensation29.75M44.26M45.71M61.80M
AmortizationOfSecurities-16.64M-15.09M
DepreciationAmortizationDepletion15.47M13.37M11.10M11.52M
DepreciationAndAmortization15.47M13.37M11.10M11.52M
OperatingGainsLosses34.65M
GainLossOnInvestmentSecurities34.65M
NetIncomeFromContinuingOperations-346.74M-502.34M-500.15M-352.90M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SPCE
Date User Asset Broker Type Position Size Entry Price Patterns