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Side-by-side financial comparison of NEXGEL, INC. (NXGL) 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 $2.8M, roughly 1.5× NEXGEL, INC.). NEXGEL, INC. runs the higher net margin — -34.7% vs -2222.2%, a 2187.5% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -8.1%).

NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.

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.

NXGL vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.5× larger
SPCE
$4.2M
$2.8M
NXGL
Growing faster (revenue YoY)
SPCE
SPCE
+133.6% gap
SPCE
125.5%
-8.1%
NXGL
Higher net margin
NXGL
NXGL
2187.5% more per $
NXGL
-34.7%
-2222.2%
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
NXGL
NXGL
SPCE
SPCE
Revenue
$2.8M
$4.2M
Net Profit
$-970.0K
$-93.8M
Gross Margin
29.3%
-546.6%
Operating Margin
-43.4%
-2412.1%
Net Margin
-34.7%
-2222.2%
Revenue YoY
-8.1%
125.5%
Net Profit YoY
-14.1%
30.2%
EPS (diluted)
$-0.12
$-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
NXGL
NXGL
SPCE
SPCE
Q4 25
$2.8M
Q3 25
$2.9M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
$3.0M
Q3 24
$2.9M
Q2 24
$1.4M
$4.2M
Q1 24
$1.3M
$2.0M
Net Profit
NXGL
NXGL
SPCE
SPCE
Q4 25
$-970.0K
Q3 25
$-653.0K
Q2 25
$-665.0K
Q1 25
$-712.0K
Q4 24
$-850.0K
Q3 24
$-693.0K
Q2 24
$-885.0K
$-93.8M
Q1 24
$-853.0K
$-102.0M
Gross Margin
NXGL
NXGL
SPCE
SPCE
Q4 25
29.3%
Q3 25
42.4%
Q2 25
43.6%
Q1 25
42.3%
Q4 24
37.5%
Q3 24
39.3%
Q2 24
20.3%
-546.6%
Q1 24
12.6%
-1038.1%
Operating Margin
NXGL
NXGL
SPCE
SPCE
Q4 25
-43.4%
Q3 25
-24.7%
Q2 25
-22.1%
Q1 25
-27.7%
Q4 24
-27.6%
Q3 24
-26.8%
Q2 24
-73.2%
-2412.1%
Q1 24
-68.8%
-5599.9%
Net Margin
NXGL
NXGL
SPCE
SPCE
Q4 25
-34.7%
Q3 25
-22.3%
Q2 25
-23.1%
Q1 25
-25.4%
Q4 24
-27.9%
Q3 24
-23.6%
Q2 24
-61.5%
-2222.2%
Q1 24
-67.4%
-5139.1%
EPS (diluted)
NXGL
NXGL
SPCE
SPCE
Q4 25
$-0.12
Q3 25
$-0.08
Q2 25
$-0.09
Q1 25
$-0.09
Q4 24
$-0.11
Q3 24
$-0.11
Q2 24
$-0.14
$-4.36
Q1 24
$-0.14
$-5.10

Balance Sheet & Financial Strength

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

Metric
NXGL
NXGL
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$775.7M
Total DebtLower is stronger
$588.0K
Stockholders' EquityBook value
$4.5M
$394.8M
Total Assets
$10.5M
$1.1B
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXGL
NXGL
SPCE
SPCE
Q4 25
Q3 25
$938.0K
Q2 25
Q1 25
Q4 24
$1.8M
Q3 24
$1.1M
Q2 24
$775.7M
Q1 24
$765.2M
Total Debt
NXGL
NXGL
SPCE
SPCE
Q4 25
$588.0K
Q3 25
$614.0K
Q2 25
$638.0K
Q1 25
$662.0K
Q4 24
$685.0K
Q3 24
$709.0K
Q2 24
$732.0K
Q1 24
$750.0K
Stockholders' Equity
NXGL
NXGL
SPCE
SPCE
Q4 25
$4.5M
Q3 25
$5.2M
Q2 25
$4.7M
Q1 25
$5.2M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$4.2M
$394.8M
Q1 24
$4.8M
$417.6M
Total Assets
NXGL
NXGL
SPCE
SPCE
Q4 25
$10.5M
Q3 25
$11.6M
Q2 25
$9.7M
Q1 25
$10.4M
Q4 24
$11.0M
Q3 24
$10.6M
Q2 24
$9.8M
$1.1B
Q1 24
$10.4M
$1.1B
Debt / Equity
NXGL
NXGL
SPCE
SPCE
Q4 25
0.13×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.13×
Q4 24
0.12×
Q3 24
0.15×
Q2 24
0.18×
Q1 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
NXGL
NXGL
SPCE
SPCE
Operating Cash FlowLast quarter
$281.0K
$-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
NXGL
NXGL
SPCE
SPCE
Q4 25
$281.0K
Q3 25
$-785.0K
Q2 25
$-407.0K
Q1 25
$-400.0K
Q4 24
$-859.0K
Q3 24
$-1.2M
Q2 24
$-700.0K
$-79.1M
Q1 24
$-1.1M
$-113.2M
Free Cash Flow
NXGL
NXGL
SPCE
SPCE
Q4 25
Q3 25
$-793.0K
Q2 25
Q1 25
Q4 24
Q3 24
$-1.2M
Q2 24
$-909.0K
$-113.5M
Q1 24
$-1.2M
$-126.3M
FCF Margin
NXGL
NXGL
SPCE
SPCE
Q4 25
Q3 25
-27.0%
Q2 25
Q1 25
Q4 24
Q3 24
-41.8%
Q2 24
-63.1%
-2690.7%
Q1 24
-98.3%
-6362.8%
Capex Intensity
NXGL
NXGL
SPCE
SPCE
Q4 25
Q3 25
0.3%
Q2 25
Q1 25
Q4 24
Q3 24
0.4%
Q2 24
14.5%
815.5%
Q1 24
12.0%
658.5%

Financial Flow Comparison

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

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