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Side-by-side financial comparison of Great Elm Group, Inc. (GEG) 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 $3.0M, roughly 1.4× Great Elm Group, Inc.). Great Elm Group, Inc. runs the higher net margin — -549.6% vs -2222.2%, a 1672.6% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -14.1%).
Great Elm Group, Inc. is an alternative asset management firm that offers private credit products, real asset investment vehicles, and customized capital solutions for small and medium-sized enterprises. It primarily serves institutional investors and high-net-worth individuals across the North American market.
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.
GEG vs SPCE — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $3.0M | $4.2M |
| Net Profit | $-16.5M | $-93.8M |
| Gross Margin | 99.5% | -546.6% |
| Operating Margin | -140.6% | -2412.1% |
| Net Margin | -549.6% | -2222.2% |
| Revenue YoY | -14.1% | 125.5% |
| Net Profit YoY | -1507.1% | 30.2% |
| EPS (diluted) | $-0.50 | $-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.
| Q4 25 | $3.0M | — | ||
| Q3 25 | $10.8M | — | ||
| Q1 25 | $3.2M | — | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | $2.8M | $2.0M | ||
| Q4 23 | $2.8M | $2.8M |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-7.9M | — | ||
| Q1 25 | $-4.5M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | — | $-93.8M | ||
| Q1 24 | $-3.1M | $-102.0M | ||
| Q4 23 | $-350.0K | $-104.0M |
| Q4 25 | 99.5% | — | ||
| Q3 25 | 37.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 86.9% | — | ||
| Q3 24 | 84.1% | — | ||
| Q2 24 | — | -546.6% | ||
| Q1 24 | — | -1038.1% | ||
| Q4 23 | — | -766.4% |
| Q4 25 | -140.6% | — | ||
| Q3 25 | -34.5% | — | ||
| Q1 25 | -79.6% | — | ||
| Q4 24 | -56.4% | — | ||
| Q3 24 | -50.0% | — | ||
| Q2 24 | — | -2412.1% | ||
| Q1 24 | -67.1% | -5599.9% | ||
| Q4 23 | -95.6% | -4067.8% |
| Q4 25 | -549.6% | — | ||
| Q3 25 | -73.3% | — | ||
| Q1 25 | -140.1% | — | ||
| Q4 24 | 33.5% | — | ||
| Q3 24 | 66.1% | — | ||
| Q2 24 | — | -2222.2% | ||
| Q1 24 | -111.2% | -5139.1% | ||
| Q4 23 | -12.4% | -3701.8% |
| Q4 25 | $-0.50 | — | ||
| Q3 25 | $-0.24 | — | ||
| Q1 25 | $-0.17 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | — | $-4.36 | ||
| Q1 24 | $-0.10 | $-5.10 | ||
| Q4 23 | $-0.01 | $-14.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $51.2M | $775.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $55.8M | $394.8M |
| Total Assets | $135.5M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.2M | — | ||
| Q3 25 | $53.5M | — | ||
| Q1 25 | $31.5M | — | ||
| Q4 24 | $44.3M | — | ||
| Q3 24 | $44.1M | — | ||
| Q2 24 | — | $775.7M | ||
| Q1 24 | $44.1M | $765.2M | ||
| Q4 23 | $39.1M | $874.0M |
| Q4 25 | $55.8M | — | ||
| Q3 25 | $73.8M | — | ||
| Q1 25 | $57.2M | — | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $63.9M | — | ||
| Q2 24 | — | $394.8M | ||
| Q1 24 | $65.0M | $417.6M | ||
| Q4 23 | $67.6M | $505.5M |
| Q4 25 | $135.5M | — | ||
| Q3 25 | $155.0M | — | ||
| Q1 25 | $137.2M | — | ||
| Q4 24 | $138.5M | — | ||
| Q3 24 | $137.3M | — | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $148.4M | $1.1B | ||
| Q4 23 | $146.2M | $1.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.9M | $-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.
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $3.8M | — | ||
| Q1 25 | $-1.3M | — | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $-5.8M | — | ||
| Q2 24 | — | $-79.1M | ||
| Q1 24 | $1.4M | $-113.2M | ||
| Q4 23 | $-13.8M | $-95.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-113.5M | ||
| Q1 24 | — | $-126.3M | ||
| Q4 23 | — | $-113.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2690.7% | ||
| Q1 24 | — | -6362.8% | ||
| Q4 23 | — | -4046.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 815.5% | ||
| Q1 24 | — | 658.5% | ||
| Q4 23 | — | 653.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.44× | — | ||
| Q3 24 | -2.19× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEG
| Management Service Base | $1.8M | 60% |
| Other | $1.2M | 40% |
SPCE
Segment breakdown not available.
