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Side-by-side financial comparison of ACORN ENERGY, INC. (ACFN) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.

Virgin Galactic Holdings, Inc is the larger business by last-quarter revenue ($4.2M vs $2.4M, roughly 1.8× ACORN ENERGY, INC.). ACORN ENERGY, INC. runs the higher net margin — 45.2% vs -2222.2%, a 2267.3% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -32.6%).

Acorn Energy Inc. is a NASDAQ-listed conglomerate investing in electricity generation and security. It was founded by George Morgenstern in 1984 as Decision Systems, Inc. and was taken public by Laidlaw Securities. The name was later changed to Data Systems and Software Inc. John Moore became CEO in 2006 and changed the name to Acorn Factor and later to Acorn Energy.

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.

ACFN vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.8× larger
SPCE
$4.2M
$2.4M
ACFN
Growing faster (revenue YoY)
SPCE
SPCE
+158.2% gap
SPCE
125.5%
-32.6%
ACFN
Higher net margin
ACFN
ACFN
2267.3% more per $
ACFN
45.2%
-2222.2%
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
ACFN
ACFN
SPCE
SPCE
Revenue
$2.4M
$4.2M
Net Profit
$1.1M
$-93.8M
Gross Margin
80.1%
-546.6%
Operating Margin
11.7%
-2412.1%
Net Margin
45.2%
-2222.2%
Revenue YoY
-32.6%
125.5%
Net Profit YoY
-79.5%
30.2%
EPS (diluted)
$0.42
$-4.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACFN
ACFN
SPCE
SPCE
Q4 25
$2.4M
Q3 25
$2.5M
Q2 25
$3.5M
Q1 25
$3.1M
Q4 24
$3.5M
Q3 24
$3.0M
Q2 24
$2.3M
$4.2M
Q1 24
$2.1M
$2.0M
Net Profit
ACFN
ACFN
SPCE
SPCE
Q4 25
$1.1M
Q3 25
$252.0K
Q2 25
$720.0K
Q1 25
$464.0K
Q4 24
$5.2M
Q3 24
$725.0K
Q2 24
$271.0K
$-93.8M
Q1 24
$65.0K
$-102.0M
Gross Margin
ACFN
ACFN
SPCE
SPCE
Q4 25
80.1%
Q3 25
78.5%
Q2 25
74.9%
Q1 25
75.1%
Q4 24
72.4%
Q3 24
71.7%
Q2 24
73.2%
-546.6%
Q1 24
74.6%
-1038.1%
Operating Margin
ACFN
ACFN
SPCE
SPCE
Q4 25
11.7%
Q3 25
6.4%
Q2 25
26.9%
Q1 25
19.5%
Q4 24
23.9%
Q3 24
24.8%
Q2 24
11.3%
-2412.1%
Q1 24
3.7%
-5599.9%
Net Margin
ACFN
ACFN
SPCE
SPCE
Q4 25
45.2%
Q3 25
10.2%
Q2 25
20.4%
Q1 25
15.0%
Q4 24
148.3%
Q3 24
23.8%
Q2 24
11.9%
-2222.2%
Q1 24
3.0%
-5139.1%
EPS (diluted)
ACFN
ACFN
SPCE
SPCE
Q4 25
$0.42
Q3 25
$0.10
Q2 25
$0.28
Q1 25
$0.19
Q4 24
$2.08
Q3 24
$0.29
Q2 24
$0.11
$-4.36
Q1 24
$0.03
$-5.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACFN
ACFN
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$4.5M
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.3M
$394.8M
Total Assets
$13.3M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACFN
ACFN
SPCE
SPCE
Q4 25
$4.5M
Q3 25
$4.2M
Q2 25
$3.3M
Q1 25
$2.6M
Q4 24
$2.3M
Q3 24
$2.2M
Q2 24
$1.5M
$775.7M
Q1 24
$1.4M
$765.2M
Stockholders' Equity
ACFN
ACFN
SPCE
SPCE
Q4 25
$8.3M
Q3 25
$7.2M
Q2 25
$6.9M
Q1 25
$6.1M
Q4 24
$5.5M
Q3 24
$288.0K
Q2 24
$-451.0K
$394.8M
Q1 24
$-733.0K
$417.6M
Total Assets
ACFN
ACFN
SPCE
SPCE
Q4 25
$13.3M
Q3 25
$12.4M
Q2 25
$12.5M
Q1 25
$11.1M
Q4 24
$10.6M
Q3 24
$5.4M
Q2 24
$4.8M
$1.1B
Q1 24
$4.9M
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACFN
ACFN
SPCE
SPCE
Operating Cash FlowLast quarter
$295.0K
$-79.1M
Free Cash FlowOCF − Capex
$-113.5M
FCF MarginFCF / Revenue
-2690.7%
Capex IntensityCapex / Revenue
815.5%
Cash ConversionOCF / Net Profit
0.27×
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACFN
ACFN
SPCE
SPCE
Q4 25
$295.0K
Q3 25
$895.0K
Q2 25
$629.0K
Q1 25
$271.0K
Q4 24
$166.0K
Q3 24
$698.0K
Q2 24
$84.0K
$-79.1M
Q1 24
$-43.0K
$-113.2M
Free Cash Flow
ACFN
ACFN
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-113.5M
Q1 24
$-126.3M
FCF Margin
ACFN
ACFN
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-2690.7%
Q1 24
-6362.8%
Capex Intensity
ACFN
ACFN
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
815.5%
Q1 24
658.5%
Cash Conversion
ACFN
ACFN
SPCE
SPCE
Q4 25
0.27×
Q3 25
3.55×
Q2 25
0.87×
Q1 25
0.58×
Q4 24
0.03×
Q3 24
0.96×
Q2 24
0.31×
Q1 24
-0.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACFN
ACFN

PG$2.2M94%
Other$143.0K6%

SPCE
SPCE

Segment breakdown not available.

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