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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and Seritage Growth Properties (SRG). 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 $4.2M, roughly 1.0× Seritage Growth Properties). On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -4.9%).
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.
Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.
SPCE vs SRG — Head-to-Head
Income Statement — Q2 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.2M | $4.2M |
| Net Profit | $-93.8M | — |
| Gross Margin | -546.6% | — |
| Operating Margin | -2412.1% | — |
| Net Margin | -2222.2% | — |
| Revenue YoY | 125.5% | -4.9% |
| Net Profit YoY | 30.2% | 55.2% |
| 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.
| Q4 25 | — | $4.2M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | $4.2M | $4.2M | ||
| Q1 24 | $2.0M | $5.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $-28.5M | ||
| Q1 25 | — | $-22.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-22.0M | ||
| Q2 24 | $-93.8M | $-101.2M | ||
| Q1 24 | $-102.0M | $-19.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -546.6% | — | ||
| Q1 24 | -1038.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -258.0% | ||
| Q2 25 | — | -610.2% | ||
| Q1 25 | — | -486.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -673.2% | ||
| Q2 24 | -2412.1% | -2366.1% | ||
| Q1 24 | -5599.9% | -328.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | -259.6% | ||
| Q2 25 | — | -612.6% | ||
| Q1 25 | — | -482.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -675.9% | ||
| Q2 24 | -2222.2% | -2401.0% | ||
| Q1 24 | -5139.1% | -328.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-0.53 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.41 | ||
| Q2 24 | $-4.36 | $-1.82 | ||
| Q1 24 | $-5.10 | $-0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $775.7M | $48.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $394.8M | $331.4M |
| Total Assets | $1.1B | $393.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.1M | ||
| Q3 25 | — | $51.5M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $94.3M | ||
| Q4 24 | — | $85.2M | ||
| Q3 24 | — | $85.6M | ||
| Q2 24 | $775.7M | $86.7M | ||
| Q1 24 | $765.2M | $114.9M |
| Q4 25 | — | $331.4M | ||
| Q3 25 | — | $337.7M | ||
| Q2 25 | — | $351.4M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | — | $404.5M | ||
| Q3 24 | — | $417.5M | ||
| Q2 24 | $394.8M | $440.4M | ||
| Q1 24 | $417.6M | $542.4M |
| Q4 25 | — | $393.8M | ||
| Q3 25 | — | $558.6M | ||
| Q2 25 | — | $575.7M | ||
| Q1 25 | — | $649.7M | ||
| Q4 24 | — | $677.8M | ||
| Q3 24 | — | $735.0M | ||
| Q2 24 | $1.1B | $758.3M | ||
| Q1 24 | $1.1B | $914.6M |
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 | $-79.1M | $-34.9M |
| 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 | — | $-34.9M | ||
| Q3 25 | — | $-12.5M | ||
| Q2 25 | — | $-12.0M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $-53.5M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | $-79.1M | $-7.5M | ||
| Q1 24 | $-113.2M | $-16.6M |
| 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.
