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Side-by-side financial comparison of Belpointe PREP, LLC (OZ) 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 $3.1M, roughly 1.4× Belpointe PREP, LLC). Belpointe PREP, LLC runs the higher net margin — -380.8% vs -2222.2%, a 1841.3% gap on every dollar of revenue. On growth, Belpointe PREP, LLC posted the faster year-over-year revenue change (180.1% vs 125.5%).
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.
OZ vs SPCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $3.1M | $4.2M |
| Net Profit | $-11.7M | $-93.8M |
| Gross Margin | — | -546.6% |
| Operating Margin | — | -2412.1% |
| Net Margin | -380.8% | -2222.2% |
| Revenue YoY | 180.1% | 125.5% |
| Net Profit YoY | -41.8% | 30.2% |
| EPS (diluted) | $-3.10 | $-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 | $3.1M | — | ||
| Q3 25 | $2.4M | — | ||
| Q2 25 | $2.0M | — | ||
| Q1 25 | $1.7M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $860.0K | — | ||
| Q2 24 | $384.0K | $4.2M | ||
| Q1 24 | $337.0K | $2.0M |
| Q4 25 | $-11.7M | — | ||
| Q3 25 | $-12.1M | — | ||
| Q2 25 | $-7.6M | — | ||
| Q1 25 | $-8.6M | — | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $-6.9M | — | ||
| Q2 24 | $-4.7M | $-93.8M | ||
| Q1 24 | $-4.0M | $-102.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -546.6% | ||
| Q1 24 | — | -1038.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2412.1% | ||
| Q1 24 | — | -5599.9% |
| Q4 25 | -380.8% | — | ||
| Q3 25 | -509.3% | — | ||
| Q2 25 | -381.0% | — | ||
| Q1 25 | -495.6% | — | ||
| Q4 24 | -752.0% | — | ||
| Q3 24 | -805.6% | — | ||
| Q2 24 | -1229.2% | -2222.2% | ||
| Q1 24 | -1181.3% | -5139.1% |
| Q4 25 | $-3.10 | — | ||
| Q3 25 | $-3.21 | — | ||
| Q2 25 | $-2.06 | — | ||
| Q1 25 | $-2.35 | — | ||
| Q4 24 | $-2.26 | — | ||
| Q3 24 | $-1.90 | — | ||
| Q2 24 | $-1.30 | $-4.36 | ||
| Q1 24 | $-1.10 | $-5.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | $775.7M |
| Total DebtLower is stronger | $260.6M | — |
| Stockholders' EquityBook value | — | $394.8M |
| Total Assets | $564.2M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | — | ||
| Q3 25 | $29.6M | — | ||
| Q2 25 | $25.0M | — | ||
| Q1 25 | $23.0M | — | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $24.0M | — | ||
| Q2 24 | $24.7M | $775.7M | ||
| Q1 24 | $29.2M | $765.2M |
| Q4 25 | $260.6M | — | ||
| Q3 25 | $251.4M | — | ||
| Q2 25 | $228.4M | — | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $144.1M | — | ||
| Q2 24 | $119.9M | — | ||
| Q1 24 | $86.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $394.8M | ||
| Q1 24 | — | $417.6M |
| Q4 25 | $564.2M | — | ||
| Q3 25 | $570.8M | — | ||
| Q2 25 | $556.8M | — | ||
| Q1 25 | $537.4M | — | ||
| Q4 24 | $517.6M | — | ||
| Q3 24 | $495.7M | — | ||
| Q2 24 | $476.2M | $1.1B | ||
| Q1 24 | $450.9M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-25.2M | $-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 | $-25.2M | — | ||
| Q3 25 | $-6.0M | — | ||
| Q2 25 | $-2.4M | — | ||
| Q1 25 | $-6.6M | — | ||
| Q4 24 | $-13.7M | — | ||
| Q3 24 | $-3.3M | — | ||
| Q2 24 | $1.2M | $-79.1M | ||
| Q1 24 | $-6.6M | $-113.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-113.5M | ||
| Q1 24 | — | $-126.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2690.7% | ||
| Q1 24 | — | -6362.8% |
| 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.
