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Side-by-side financial comparison of Core AI Holdings, Inc. (CHAI) 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 $3.7M, roughly 1.1× Core AI Holdings, Inc.). Core AI Holdings, Inc. runs the higher net margin — -145.7% vs -2222.2%, a 2076.4% gap on every dollar of revenue.

Inflection AI, Inc. is an American technology company which has developed machine learning and generative artificial intelligence hardware and apps, founded in 2022. The company is structured as a public benefit corporation and is headquartered in Palo Alto, California.

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.

CHAI vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.1× larger
SPCE
$4.2M
$3.7M
CHAI
Higher net margin
CHAI
CHAI
2076.4% more per $
CHAI
-145.7%
-2222.2%
SPCE

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
CHAI
CHAI
SPCE
SPCE
Revenue
$3.7M
$4.2M
Net Profit
$-5.4M
$-93.8M
Gross Margin
20.1%
-546.6%
Operating Margin
-135.2%
-2412.1%
Net Margin
-145.7%
-2222.2%
Revenue YoY
125.5%
Net Profit YoY
30.2%
EPS (diluted)
$-1.74
$-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
CHAI
CHAI
SPCE
SPCE
Q3 25
$3.7M
Q2 24
$4.2M
Q1 24
$2.0M
Q4 23
$2.8M
Q3 23
$1.8M
$1.7M
Q2 23
$2.7M
$1.9M
Q1 23
$1.8M
Q4 22
$869.0K
Net Profit
CHAI
CHAI
SPCE
SPCE
Q3 25
$-5.4M
Q2 24
$-93.8M
Q1 24
$-102.0M
Q4 23
$-104.0M
Q3 23
$-1.9M
$-104.6M
Q2 23
$-2.3M
$-134.4M
Q1 23
$-4.9M
Q4 22
$-150.8M
Gross Margin
CHAI
CHAI
SPCE
SPCE
Q3 25
20.1%
Q2 24
-546.6%
Q1 24
-1038.1%
Q4 23
-766.4%
Q3 23
26.6%
-1384.3%
Q2 23
29.7%
87.5%
Q1 23
27.5%
Q4 22
-34.5%
Operating Margin
CHAI
CHAI
SPCE
SPCE
Q3 25
-135.2%
Q2 24
-2412.1%
Q1 24
-5599.9%
Q4 23
-4067.8%
Q3 23
-120.8%
-6613.0%
Q2 23
-99.3%
-7459.4%
Q1 23
-147.9%
Q4 22
-17642.2%
Net Margin
CHAI
CHAI
SPCE
SPCE
Q3 25
-145.7%
Q2 24
-2222.2%
Q1 24
-5139.1%
Q4 23
-3701.8%
Q3 23
-100.7%
-6053.5%
Q2 23
-86.1%
-7181.4%
Q1 23
-270.6%
Q4 22
-17355.6%
EPS (diluted)
CHAI
CHAI
SPCE
SPCE
Q3 25
$-1.74
Q2 24
$-4.36
Q1 24
$-5.10
Q4 23
$-14.49
Q3 23
$-1.04
$-5.57
Q2 23
$-9.16
Q1 23
$-0.08
Q4 22
$-0.55

Balance Sheet & Financial Strength

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

Metric
CHAI
CHAI
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$3.5M
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4M
$394.8M
Total Assets
$20.2M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHAI
CHAI
SPCE
SPCE
Q3 25
$3.5M
Q2 24
$775.7M
Q1 24
$765.2M
Q4 23
$874.0M
Q3 23
$366.2K
$997.1M
Q2 23
$940.2M
Q1 23
$1.2M
Q4 22
$909.0M
Stockholders' Equity
CHAI
CHAI
SPCE
SPCE
Q3 25
$15.4M
Q2 24
$394.8M
Q1 24
$417.6M
Q4 23
$505.5M
Q3 23
$12.3M
$599.4M
Q2 23
$12.0M
$484.5M
Q1 23
$12.3M
Q4 22
$480.2M
Total Assets
CHAI
CHAI
SPCE
SPCE
Q3 25
$20.2M
Q2 24
$1.1B
Q1 24
$1.1B
Q4 23
$1.2B
Q3 23
$16.2M
$1.3B
Q2 23
$16.6M
$1.1B
Q1 23
$15.8M
Q4 22
$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
CHAI
CHAI
SPCE
SPCE
Operating Cash FlowLast quarter
$-79.1M
Free Cash FlowOCF − Capex
$-113.5M
FCF MarginFCF / Revenue
-2690.7%
Capex IntensityCapex / Revenue
815.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHAI
CHAI
SPCE
SPCE
Q3 25
Q2 24
$-79.1M
Q1 24
$-113.2M
Q4 23
$-95.3M
Q3 23
$-2.7M
$-91.5M
Q2 23
$-1.1M
$-125.3M
Q1 23
$-3.1M
Q4 22
$-131.2M
Free Cash Flow
CHAI
CHAI
SPCE
SPCE
Q3 25
Q2 24
$-113.5M
Q1 24
$-126.3M
Q4 23
$-113.7M
Q3 23
$-104.8M
Q2 23
$-135.2M
Q1 23
Q4 22
$-135.4M
FCF Margin
CHAI
CHAI
SPCE
SPCE
Q3 25
Q2 24
-2690.7%
Q1 24
-6362.8%
Q4 23
-4046.9%
Q3 23
-6066.1%
Q2 23
-7224.3%
Q1 23
Q4 22
-15584.0%
Capex Intensity
CHAI
CHAI
SPCE
SPCE
Q3 25
Q2 24
815.5%
Q1 24
658.5%
Q4 23
653.9%
Q3 23
771.1%
Q2 23
526.4%
Q1 23
Q4 22
481.4%

Financial Flow Comparison

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

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