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Side-by-side financial comparison of Super League Enterprise, Inc. (SLE) 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 $3.2M, roughly 1.3× Super League Enterprise, Inc.). Super League Enterprise, Inc. runs the higher net margin — -316.9% vs -2222.2%, a 1905.2% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -6.6%).

Super League Enterprise, Inc. is a global gaming and esports entertainment firm that creates interactive live events, original content, and community experiences for casual and core gaming audiences. It runs competitive gaming leagues, brand partnership activations, and digital media platforms, serving North America, Europe, and key Asia-Pacific markets.

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.

SLE vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.3× larger
SPCE
$4.2M
$3.2M
SLE
Growing faster (revenue YoY)
SPCE
SPCE
+132.1% gap
SPCE
125.5%
-6.6%
SLE
Higher net margin
SLE
SLE
1905.2% more per $
SLE
-316.9%
-2222.2%
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
SLE
SLE
SPCE
SPCE
Revenue
$3.2M
$4.2M
Net Profit
$-10.1M
$-93.8M
Gross Margin
31.5%
-546.6%
Operating Margin
-100.8%
-2412.1%
Net Margin
-316.9%
-2222.2%
Revenue YoY
-6.6%
125.5%
Net Profit YoY
-91.8%
30.2%
EPS (diluted)
$-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
SLE
SLE
SPCE
SPCE
Q4 25
$3.2M
Q3 25
$2.4M
Q2 25
$3.0M
Q1 25
$2.7M
Q4 24
$3.4M
Q3 24
$4.4M
Q2 24
$4.1M
$4.2M
Q1 24
$4.2M
$2.0M
Net Profit
SLE
SLE
SPCE
SPCE
Q4 25
$-10.1M
Q3 25
$-3.6M
Q2 25
$-2.8M
Q1 25
$-4.2M
Q4 24
$-5.3M
Q3 24
$-3.6M
Q2 24
$-2.5M
$-93.8M
Q1 24
$-5.3M
$-102.0M
Gross Margin
SLE
SLE
SPCE
SPCE
Q4 25
31.5%
Q3 25
44.6%
Q2 25
43.6%
Q1 25
44.0%
Q4 24
29.2%
Q3 24
38.9%
Q2 24
40.0%
-546.6%
Q1 24
41.1%
-1038.1%
Operating Margin
SLE
SLE
SPCE
SPCE
Q4 25
-100.8%
Q3 25
-125.9%
Q2 25
-104.8%
Q1 25
-133.6%
Q4 24
-134.4%
Q3 24
-77.9%
Q2 24
-99.4%
-2412.1%
Q1 24
-109.4%
-5599.9%
Net Margin
SLE
SLE
SPCE
SPCE
Q4 25
-316.9%
Q3 25
-147.0%
Q2 25
-92.7%
Q1 25
-155.6%
Q4 24
-154.3%
Q3 24
-82.0%
Q2 24
-59.6%
-2222.2%
Q1 24
-125.0%
-5139.1%
EPS (diluted)
SLE
SLE
SPCE
SPCE
Q4 25
Q3 25
$-2.65
Q2 25
Q1 25
Q4 24
Q3 24
$-21.47
Q2 24
$-4.36
Q1 24
$-5.10

Balance Sheet & Financial Strength

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

Metric
SLE
SLE
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$14.4M
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.5M
$394.8M
Total Assets
$21.9M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLE
SLE
SPCE
SPCE
Q4 25
$14.4M
Q3 25
$1.1M
Q2 25
$475.0K
Q1 25
$747.0K
Q4 24
$1.3M
Q3 24
$289.0K
Q2 24
$1.7M
$775.7M
Q1 24
$3.3M
$765.2M
Stockholders' Equity
SLE
SLE
SPCE
SPCE
Q4 25
$17.5M
Q3 25
$-2.0M
Q2 25
$-4.1M
Q1 25
$-3.5M
Q4 24
$170.0K
Q3 24
$3.5M
Q2 24
$5.1M
$394.8M
Q1 24
$6.0M
$417.6M
Total Assets
SLE
SLE
SPCE
SPCE
Q4 25
$21.9M
Q3 25
$8.7M
Q2 25
$8.5M
Q1 25
$9.8M
Q4 24
$11.7M
Q3 24
$12.6M
Q2 24
$15.4M
$1.1B
Q1 24
$18.6M
$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
SLE
SLE
SPCE
SPCE
Operating Cash FlowLast quarter
$-3.9M
$-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
SLE
SLE
SPCE
SPCE
Q4 25
$-3.9M
Q3 25
$-2.8M
Q2 25
$-1.8M
Q1 25
$-2.2M
Q4 24
$-3.3M
Q3 24
$-2.1M
Q2 24
$-2.3M
$-79.1M
Q1 24
$-3.7M
$-113.2M
Free Cash Flow
SLE
SLE
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.1M
Q2 24
$-113.5M
Q1 24
$-126.3M
FCF Margin
SLE
SLE
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-48.1%
Q2 24
-2690.7%
Q1 24
-6362.8%
Capex Intensity
SLE
SLE
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.5%
Q2 24
0.0%
815.5%
Q1 24
0.0%
658.5%

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLE
SLE

Advertising And Sponsorships$1.8M57%
Publishing And Content Studio$1.4M43%

SPCE
SPCE

Segment breakdown not available.

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