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

Navitas Semiconductor Corp is the larger business by last-quarter revenue ($7.3M vs $4.2M, roughly 1.7× Virgin Galactic Holdings, Inc). Navitas Semiconductor Corp runs the higher net margin — -436.1% vs -2222.2%, a 1786.1% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -59.4%). Navitas Semiconductor Corp produced more free cash flow last quarter ($-8.2M vs $-113.5M).

Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.

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.

NVTS vs SPCE — Head-to-Head

Bigger by revenue
NVTS
NVTS
1.7× larger
NVTS
$7.3M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+185.0% gap
SPCE
125.5%
-59.4%
NVTS
Higher net margin
NVTS
NVTS
1786.1% more per $
NVTS
-436.1%
-2222.2%
SPCE
More free cash flow
NVTS
NVTS
$105.4M more FCF
NVTS
$-8.2M
$-113.5M
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
NVTS
NVTS
SPCE
SPCE
Revenue
$7.3M
$4.2M
Net Profit
$-31.8M
$-93.8M
Gross Margin
38.1%
-546.6%
Operating Margin
-567.3%
-2412.1%
Net Margin
-436.1%
-2222.2%
Revenue YoY
-59.4%
125.5%
Net Profit YoY
20.2%
30.2%
EPS (diluted)
$-0.14
$-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
NVTS
NVTS
SPCE
SPCE
Q4 25
$7.3M
Q3 25
$10.1M
Q2 25
$14.5M
Q1 25
$14.0M
Q4 24
$18.0M
Q3 24
$21.7M
Q2 24
$20.5M
$4.2M
Q1 24
$23.2M
$2.0M
Net Profit
NVTS
NVTS
SPCE
SPCE
Q4 25
$-31.8M
Q3 25
$-19.2M
Q2 25
$-49.1M
Q1 25
$-16.8M
Q4 24
$-39.9M
Q3 24
$-18.7M
Q2 24
$-22.3M
$-93.8M
Q1 24
$-3.7M
$-102.0M
Gross Margin
NVTS
NVTS
SPCE
SPCE
Q4 25
38.1%
Q3 25
37.9%
Q2 25
16.1%
Q1 25
37.9%
Q4 24
12.4%
Q3 24
39.7%
Q2 24
39.0%
-546.6%
Q1 24
41.1%
-1038.1%
Operating Margin
NVTS
NVTS
SPCE
SPCE
Q4 25
-567.3%
Q3 25
-192.0%
Q2 25
-149.4%
Q1 25
-180.5%
Q4 24
-216.9%
Q3 24
-133.6%
Q2 24
-152.1%
-2412.1%
Q1 24
-136.2%
-5599.9%
Net Margin
NVTS
NVTS
SPCE
SPCE
Q4 25
-436.1%
Q3 25
-190.2%
Q2 25
-338.7%
Q1 25
-120.1%
Q4 24
-221.7%
Q3 24
-86.4%
Q2 24
-109.1%
-2222.2%
Q1 24
-15.9%
-5139.1%
EPS (diluted)
NVTS
NVTS
SPCE
SPCE
Q4 25
$-0.14
Q3 25
$-0.09
Q2 25
$-0.25
Q1 25
$-0.09
Q4 24
$-0.22
Q3 24
$-0.10
Q2 24
$-0.12
$-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
NVTS
NVTS
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$236.9M
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$443.7M
$394.8M
Total Assets
$500.5M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVTS
NVTS
SPCE
SPCE
Q4 25
$236.9M
Q3 25
$150.6M
Q2 25
$161.2M
Q1 25
$75.1M
Q4 24
$86.7M
Q3 24
$98.3M
Q2 24
$111.7M
$775.7M
Q1 24
$128.9M
$765.2M
Stockholders' Equity
NVTS
NVTS
SPCE
SPCE
Q4 25
$443.7M
Q3 25
$371.0M
Q2 25
$388.9M
Q1 25
$341.8M
Q4 24
$348.0M
Q3 24
$380.8M
Q2 24
$388.1M
$394.8M
Q1 24
$397.9M
$417.6M
Total Assets
NVTS
NVTS
SPCE
SPCE
Q4 25
$500.5M
Q3 25
$430.2M
Q2 25
$449.4M
Q1 25
$370.8M
Q4 24
$390.0M
Q3 24
$419.4M
Q2 24
$439.1M
$1.1B
Q1 24
$467.9M
$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
NVTS
NVTS
SPCE
SPCE
Operating Cash FlowLast quarter
$-8.1M
$-79.1M
Free Cash FlowOCF − Capex
$-8.2M
$-113.5M
FCF MarginFCF / Revenue
-111.8%
-2690.7%
Capex IntensityCapex / Revenue
0.7%
815.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-44.4M
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVTS
NVTS
SPCE
SPCE
Q4 25
$-8.1M
Q3 25
$-10.0M
Q2 25
$-11.2M
Q1 25
$-13.5M
Q4 24
$-10.2M
Q3 24
$-13.7M
Q2 24
$-15.1M
$-79.1M
Q1 24
$-19.8M
$-113.2M
Free Cash Flow
NVTS
NVTS
SPCE
SPCE
Q4 25
$-8.2M
Q3 25
$-10.7M
Q2 25
$-11.9M
Q1 25
$-13.6M
Q4 24
$-10.8M
Q3 24
$-14.3M
Q2 24
$-17.9M
$-113.5M
Q1 24
$-22.7M
$-126.3M
FCF Margin
NVTS
NVTS
SPCE
SPCE
Q4 25
-111.8%
Q3 25
-106.1%
Q2 25
-82.2%
Q1 25
-96.8%
Q4 24
-59.8%
Q3 24
-65.9%
Q2 24
-87.3%
-2690.7%
Q1 24
-97.9%
-6362.8%
Capex Intensity
NVTS
NVTS
SPCE
SPCE
Q4 25
0.7%
Q3 25
7.0%
Q2 25
4.7%
Q1 25
0.3%
Q4 24
3.1%
Q3 24
2.6%
Q2 24
13.4%
815.5%
Q1 24
12.5%
658.5%

Financial Flow Comparison

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

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