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

NeoVolta Inc. is the larger business by last-quarter revenue ($4.6M vs $4.2M, roughly 1.1× Virgin Galactic Holdings, Inc). NeoVolta Inc. runs the higher net margin — -119.2% vs -2222.2%, a 2102.9% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs 125.5%).

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on 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.

NEOV vs SPCE — Head-to-Head

Bigger by revenue
NEOV
NEOV
1.1× larger
NEOV
$4.6M
$4.2M
SPCE
Growing faster (revenue YoY)
NEOV
NEOV
+208.0% gap
NEOV
333.5%
125.5%
SPCE
Higher net margin
NEOV
NEOV
2102.9% more per $
NEOV
-119.2%
-2222.2%
SPCE

Income Statement — Q2 FY2026 vs Q2 FY2024

Metric
NEOV
NEOV
SPCE
SPCE
Revenue
$4.6M
$4.2M
Net Profit
$-5.5M
$-93.8M
Gross Margin
16.6%
-546.6%
Operating Margin
-96.4%
-2412.1%
Net Margin
-119.2%
-2222.2%
Revenue YoY
333.5%
125.5%
Net Profit YoY
-470.3%
30.2%
EPS (diluted)
$-0.16
$-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
NEOV
NEOV
SPCE
SPCE
Q4 25
$4.6M
Q3 25
$6.7M
Q2 25
$4.8M
Q1 25
$2.0M
Q4 24
$1.1M
Q3 24
$590.2K
Q2 24
$579.2K
$4.2M
Q1 24
$283.9K
$2.0M
Net Profit
NEOV
NEOV
SPCE
SPCE
Q4 25
$-5.5M
Q3 25
$-1.2M
Q2 25
$-1.6M
Q1 25
$-1.4M
Q4 24
$-971.1K
Q3 24
$-964.5K
Q2 24
$-93.8M
Q1 24
$-589.5K
$-102.0M
Gross Margin
NEOV
NEOV
SPCE
SPCE
Q4 25
16.6%
Q3 25
23.7%
Q2 25
12.1%
Q1 25
25.5%
Q4 24
30.2%
Q3 24
15.7%
Q2 24
3.0%
-546.6%
Q1 24
58.5%
-1038.1%
Operating Margin
NEOV
NEOV
SPCE
SPCE
Q4 25
-96.4%
Q3 25
-12.8%
Q2 25
-30.2%
Q1 25
-68.1%
Q4 24
-88.4%
Q3 24
-163.6%
Q2 24
-2412.1%
Q1 24
-211.5%
-5599.9%
Net Margin
NEOV
NEOV
SPCE
SPCE
Q4 25
-119.2%
Q3 25
-18.7%
Q2 25
-34.7%
Q1 25
-72.0%
Q4 24
-90.6%
Q3 24
-163.4%
Q2 24
-2222.2%
Q1 24
-207.6%
-5139.1%
EPS (diluted)
NEOV
NEOV
SPCE
SPCE
Q4 25
$-0.16
Q3 25
$-0.04
Q2 25
$-0.05
Q1 25
$-0.04
Q4 24
$-0.03
Q3 24
$-0.03
Q2 24
$-4.36
Q1 24
$-0.02
$-5.10

Balance Sheet & Financial Strength

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

Metric
NEOV
NEOV
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$242.4K
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0M
$394.8M
Total Assets
$10.1M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEOV
NEOV
SPCE
SPCE
Q4 25
$242.4K
Q3 25
$889.8K
Q2 25
$794.8K
Q1 25
$536.0K
Q4 24
$328.7K
Q3 24
$393.4K
Q2 24
$986.4K
$775.7M
Q1 24
$1.0M
$765.2M
Stockholders' Equity
NEOV
NEOV
SPCE
SPCE
Q4 25
$5.0M
Q3 25
$2.1M
Q2 25
$2.9M
Q1 25
$3.8M
Q4 24
$3.3M
Q3 24
$3.9M
Q2 24
$4.6M
$394.8M
Q1 24
$5.1M
$417.6M
Total Assets
NEOV
NEOV
SPCE
SPCE
Q4 25
$10.1M
Q3 25
$8.4M
Q2 25
$6.8M
Q1 25
$5.7M
Q4 24
$4.0M
Q3 24
$4.2M
Q2 24
$4.7M
$1.1B
Q1 24
$5.2M
$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
NEOV
NEOV
SPCE
SPCE
Operating Cash FlowLast quarter
$-2.1M
$-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
NEOV
NEOV
SPCE
SPCE
Q4 25
$-2.1M
Q3 25
$-2.5M
Q2 25
$-924.2K
Q1 25
$-2.1M
Q4 24
$-858.3K
Q3 24
$-593.0K
Q2 24
$-1.0M
$-79.1M
Q1 24
$-485.3K
$-113.2M
Free Cash Flow
NEOV
NEOV
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-113.5M
Q1 24
$-126.3M
FCF Margin
NEOV
NEOV
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-2690.7%
Q1 24
-6362.8%
Capex Intensity
NEOV
NEOV
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
815.5%
Q1 24
658.5%

Financial Flow Comparison

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

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