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
$1.7M
Gross Profit
$-23.9M
Operating Profit
$-114.3M
Net Profit
$-104.6M
Gross Margin
-1384.3%
Operating Margin
-6613.0%
Net Margin
-6053.5%
YoY Growth
125.3%
EPS
$-5.57
Virgin Galactic Holdings, Inc Q3 FY2023 Financial Summary
Virgin Galactic Holdings, Inc reported revenue of $1.7M (up 125.3% YoY) for Q3 FY2023, with a net profit of $-104.6M (up 28.1% YoY) (-6053.5% margin). Cost of goods sold was $25.6M, operating expenses totaled $90.4M.
Key Financial Metrics
| Total Revenue | $1.7M |
|---|---|
| Net Profit | $-104.6M |
| Gross Margin | -1384.3% |
| Operating Margin | -6613.0% |
| Report Period | Q3 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 |