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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and UPEXI, INC. (UPXI). Click either name above to swap in a different company.
UPEXI, INC. is the larger business by last-quarter revenue ($8.1M vs $4.2M, roughly 1.9× Virgin Galactic Holdings, Inc). UPEXI, INC. runs the higher net margin — -2222.1% vs -2222.2%, a 0.0% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 101.0%). UPEXI, INC. produced more free cash flow last quarter ($-2.7M vs $-113.5M).
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.
SPCE vs UPXI — Head-to-Head
Income Statement — Q2 FY2024 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.2M | $8.1M |
| Net Profit | $-93.8M | $-178.9M |
| Gross Margin | -546.6% | 83.3% |
| Operating Margin | -2412.1% | -2177.9% |
| Net Margin | -2222.2% | -2222.1% |
| Revenue YoY | 125.5% | 101.0% |
| Net Profit YoY | 30.2% | -13649.6% |
| 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 | — | $8.1M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $4.4M | ||
| Q2 24 | $4.2M | $5.0M | ||
| Q1 24 | $2.0M | $5.2M |
| Q4 25 | — | $-178.9M | ||
| Q3 25 | — | $66.7M | ||
| Q2 25 | — | $-6.9M | ||
| Q1 25 | — | $-3.8M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-1.6M | ||
| Q2 24 | $-93.8M | $-15.7M | ||
| Q1 24 | $-102.0M | $-4.1M |
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 89.6% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 74.3% | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | -546.6% | 31.0% | ||
| Q1 24 | -1038.1% | 24.3% |
| Q4 25 | — | -2177.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -151.7% | ||
| Q1 25 | — | -113.5% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | — | -30.6% | ||
| Q2 24 | -2412.1% | -265.2% | ||
| Q1 24 | -5599.9% | -96.5% |
| Q4 25 | — | -2222.1% | ||
| Q3 25 | — | 722.4% | ||
| Q2 25 | — | -161.5% | ||
| Q1 25 | — | -121.2% | ||
| Q4 24 | — | -32.5% | ||
| Q3 24 | — | -37.3% | ||
| Q2 24 | -2222.2% | -312.4% | ||
| Q1 24 | -5139.1% | -78.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | $0.76 | ||
| Q2 25 | — | $0.83 | ||
| Q1 25 | — | $-2.87 | ||
| Q4 24 | — | $-1.24 | ||
| Q3 24 | — | $1.55 | ||
| Q2 24 | $-4.36 | $-15.66 | ||
| Q1 24 | $-5.10 | $-4.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $394.8M | $48.7M |
| Total Assets | $1.1B | $271.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $775.7M | — | ||
| Q1 24 | $765.2M | — |
| Q4 25 | — | $48.7M | ||
| Q3 25 | — | $210.8M | ||
| Q2 25 | — | $90.1M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | — | $5.0M | ||
| Q2 24 | $394.8M | $6.5M | ||
| Q1 24 | $417.6M | $22.1M |
| Q4 25 | — | $271.1M | ||
| Q3 25 | — | $419.7M | ||
| Q2 25 | — | $123.8M | ||
| Q1 25 | — | $15.1M | ||
| Q4 24 | — | $17.5M | ||
| Q3 24 | — | $18.6M | ||
| Q2 24 | $1.1B | $23.5M | ||
| Q1 24 | $1.1B | $56.5M |
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 | $-2.7M |
| Free Cash FlowOCF − Capex | $-113.5M | $-2.7M |
| FCF MarginFCF / Revenue | -2690.7% | -33.5% |
| Capex IntensityCapex / Revenue | 815.5% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-458.3M | $-22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $-8.4M | ||
| Q1 25 | — | $-778.7K | ||
| Q4 24 | — | $-1.4M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | $-79.1M | $-101.4K | ||
| Q1 24 | $-113.2M | $783.5K |
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-809.3K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | $-113.5M | $-1.0M | ||
| Q1 24 | $-126.3M | $600.9K |
| Q4 25 | — | -33.5% | ||
| Q3 25 | — | -106.0% | ||
| Q2 25 | — | -205.4% | ||
| Q1 25 | — | -25.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -49.2% | ||
| Q2 24 | -2690.7% | -20.5% | ||
| Q1 24 | -6362.8% | 11.5% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | 815.5% | 18.5% | ||
| Q1 24 | 658.5% | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
