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Side-by-side financial comparison of Nano Labs Ltd (NA) 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 $2.7M, roughly 1.6× Nano Labs Ltd). Nano Labs Ltd runs the higher net margin — 754.5% vs -2222.2%, a 2976.6% gap on every dollar of revenue. Nano Labs Ltd produced more free cash flow last quarter ($-8.4M vs $-113.5M).

Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod HaSharon, Israel. The company develops Resistive Random-Access Memory technologies. Resistive Random-Access Memory is a specialized form of non-volatile memory (NVM) for the semiconductor industry. The company's products are targeted at a broad range of NVM markets where persistence, performance, and endurance are all required. ReRAM technology can be integrated in electronic devices like weara...

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.

NA vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.6× larger
SPCE
$4.2M
$2.7M
NA
Higher net margin
NA
NA
2976.6% more per $
NA
754.5%
-2222.2%
SPCE
More free cash flow
NA
NA
$105.2M more FCF
NA
$-8.4M
$-113.5M
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
NA
NA
SPCE
SPCE
Revenue
$2.7M
$4.2M
Net Profit
$20.3M
$-93.8M
Gross Margin
-546.6%
Operating Margin
-2412.1%
Net Margin
754.5%
-2222.2%
Revenue YoY
125.5%
Net Profit YoY
30.2%
EPS (diluted)
$1.03
$-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
NA
NA
SPCE
SPCE
Q4 25
$2.7M
Q2 25
$1.2M
Q2 24
$3.5M
$4.2M
Q1 24
$2.0M
Q4 23
$2.8M
Q3 23
$1.7M
Q2 23
$1.9M
Q4 22
$869.0K
Net Profit
NA
NA
SPCE
SPCE
Q4 25
$20.3M
Q2 25
$-985.5K
Q2 24
$-8.0M
$-93.8M
Q1 24
$-102.0M
Q4 23
$-104.0M
Q3 23
$-104.6M
Q2 23
$-134.4M
Q4 22
$-150.8M
Gross Margin
NA
NA
SPCE
SPCE
Q4 25
Q2 25
Q2 24
0.1%
-546.6%
Q1 24
-1038.1%
Q4 23
-766.4%
Q3 23
-1384.3%
Q2 23
87.5%
Q4 22
-34.5%
Operating Margin
NA
NA
SPCE
SPCE
Q4 25
Q2 25
-459.2%
Q2 24
-237.2%
-2412.1%
Q1 24
-5599.9%
Q4 23
-4067.8%
Q3 23
-6613.0%
Q2 23
-7459.4%
Q4 22
-17642.2%
Net Margin
NA
NA
SPCE
SPCE
Q4 25
754.5%
Q2 25
-85.2%
Q2 24
-231.3%
-2222.2%
Q1 24
-5139.1%
Q4 23
-3701.8%
Q3 23
-6053.5%
Q2 23
-7181.4%
Q4 22
-17355.6%
EPS (diluted)
NA
NA
SPCE
SPCE
Q4 25
$1.03
Q2 25
$-0.06
Q2 24
$-0.12
$-4.36
Q1 24
$-5.10
Q4 23
$-14.49
Q3 23
$-5.57
Q2 23
$-9.16
Q4 22
$-0.55

Balance Sheet & Financial Strength

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

Metric
NA
NA
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$4.9M
$775.7M
Total DebtLower is stronger
$24.5M
Stockholders' EquityBook value
$106.5M
$394.8M
Total Assets
$159.3M
$1.1B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NA
NA
SPCE
SPCE
Q4 25
$4.9M
Q2 25
$50.8M
Q2 24
$3.3M
$775.7M
Q1 24
$765.2M
Q4 23
$874.0M
Q3 23
$997.1M
Q2 23
$940.2M
Q4 22
$909.0M
Total Debt
NA
NA
SPCE
SPCE
Q4 25
$24.5M
Q2 25
$24.8M
Q2 24
$22.5M
Q1 24
Q4 23
Q3 23
Q2 23
Q4 22
Stockholders' Equity
NA
NA
SPCE
SPCE
Q4 25
$106.5M
Q2 25
$86.8M
Q2 24
$-5.1M
$394.8M
Q1 24
$417.6M
Q4 23
$505.5M
Q3 23
$599.4M
Q2 23
$484.5M
Q4 22
$480.2M
Total Assets
NA
NA
SPCE
SPCE
Q4 25
$159.3M
Q2 25
$206.4M
Q2 24
$51.2M
$1.1B
Q1 24
$1.1B
Q4 23
$1.2B
Q3 23
$1.3B
Q2 23
$1.1B
Q4 22
$1.1B
Debt / Equity
NA
NA
SPCE
SPCE
Q4 25
0.23×
Q2 25
0.29×
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q4 22

Cash Flow & Capital Efficiency

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

Metric
NA
NA
SPCE
SPCE
Operating Cash FlowLast quarter
$-8.3M
$-79.1M
Free Cash FlowOCF − Capex
$-8.4M
$-113.5M
FCF MarginFCF / Revenue
-312.3%
-2690.7%
Capex IntensityCapex / Revenue
2.9%
815.5%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NA
NA
SPCE
SPCE
Q4 25
$-8.3M
Q2 25
$-7.1M
Q2 24
$-10.8M
$-79.1M
Q1 24
$-113.2M
Q4 23
$-95.3M
Q3 23
$-91.5M
Q2 23
$-125.3M
Q4 22
$-131.2M
Free Cash Flow
NA
NA
SPCE
SPCE
Q4 25
$-8.4M
Q2 25
$-7.2M
Q2 24
$-15.4M
$-113.5M
Q1 24
$-126.3M
Q4 23
$-113.7M
Q3 23
$-104.8M
Q2 23
$-135.2M
Q4 22
$-135.4M
FCF Margin
NA
NA
SPCE
SPCE
Q4 25
-312.3%
Q2 25
-620.3%
Q2 24
-443.4%
-2690.7%
Q1 24
-6362.8%
Q4 23
-4046.9%
Q3 23
-6066.1%
Q2 23
-7224.3%
Q4 22
-15584.0%
Capex Intensity
NA
NA
SPCE
SPCE
Q4 25
2.9%
Q2 25
7.2%
Q2 24
133.1%
815.5%
Q1 24
658.5%
Q4 23
653.9%
Q3 23
771.1%
Q2 23
526.4%
Q4 22
481.4%
Cash Conversion
NA
NA
SPCE
SPCE
Q4 25
-0.41×
Q2 25
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q4 22

Financial Flow Comparison

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

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