Virgin Galactic Holdings, IncSPCEEarnings & Financial Report
NYSE · Industrials · Transportation Services
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
Revenue
$1.9M
Gross Profit
$1.6M
Operating Profit
$-139.6M
Net Profit
$-134.4M
Gross Margin
87.5%
Operating Margin
-7459.4%
Net Margin
-7181.4%
YoY Growth
424.1%
EPS
$-9.16
Virgin Galactic Holdings, Inc Q2 FY2023 Financial Summary
Virgin Galactic Holdings, Inc reported revenue of $1.9M (up 424.1% YoY) for Q2 FY2023, with a net profit of $-134.4M (down 21.4% YoY) (-7181.4% margin). Cost of goods sold was $234.0K, operating expenses totaled $141.2M.
Key Financial Metrics
| Total Revenue | $1.9M |
|---|---|
| Net Profit | $-134.4M |
| Gross Margin | 87.5% |
| Operating Margin | -7459.4% |
| Report Period | Q2 FY2023 |
Virgin Galactic Holdings, Inc Quarterly Revenue & Net Profit History
Virgin Galactic Holdings, Inc results over the last 7 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2024 | $4.2M | +125.5% | $-93.8M | -2222.2% |
| Q1 FY2024 | $2.0M | +406.4% | $-102.0M | -5139.1% |
| Q4 FY2023 | $2.8M | +223.2% | $-104.0M | -3701.8% |
| Q3 FY2023 | $1.7M | +125.3% | $-104.6M | -6053.5% |
| Q2 FY2023 | $1.9M | +424.1% | $-134.4M | -7181.4% |
| Q4 FY2022 | $869.0K | +516.3% | $-150.8M | -17355.6% |
| Q3 FY2022 | $767.0K | -70.3% | $-145.6M | -18977.1% |
Income Statement
| Q3 2022 | Q4 2022 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | |
|---|---|---|---|---|---|---|---|
| Revenue | $767000 | $869000 | $1.9M | $1.7M | $2.8M | $2.0M | $4.2M |
| YoY Growth | -70.3% | 516.3% | 424.1% | 125.3% | 223.2% | 406.4% | 125.5% |
Balance Sheet
| Q3 2022 | Q4 2022 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | |
|---|---|---|---|---|---|---|---|
| Assets | $1.26B | $1.14B | $1.15B | $1.27B | $1.18B | $1.08B | $1.06B |
| Liabilities | $645.6M | $659.7M | $662.2M | $668.6M | $674.0M | $660.7M | $667.6M |
| Equity | $613.5M | $480.2M | $484.5M | $599.4M | $505.5M | $417.6M | $394.8M |
Cash Flow
| Q3 2022 | Q4 2022 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-96.0M | $-131.2M | $-125.3M | $-91.5M | $-95.3M | $-113.2M | $-79.1M |