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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and UR-ENERGY INC (URG). Click either name above to swap in a different company.

UR-ENERGY INC is the larger business by last-quarter revenue ($6.3M vs $4.2M, roughly 1.5× Virgin Galactic Holdings, Inc). UR-ENERGY INC runs the higher net margin — -434.3% vs -2222.2%, a 1787.8% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -1.2%). UR-ENERGY INC produced more free cash flow last quarter ($-20.4M 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.

UR-Energy Inc. is a specialized uranium mining firm that uses low-environmental-impact in-situ recovery extraction technology. It operates assets in the western United States, supplying uranium concentrate to nuclear power utilities across North America and global markets to support clean energy production.

SPCE vs URG — Head-to-Head

Bigger by revenue
URG
URG
1.5× larger
URG
$6.3M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+126.8% gap
SPCE
125.5%
-1.2%
URG
Higher net margin
URG
URG
1787.8% more per $
URG
-434.3%
-2222.2%
SPCE
More free cash flow
URG
URG
$93.2M more FCF
URG
$-20.4M
$-113.5M
SPCE

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
SPCE
SPCE
URG
URG
Revenue
$4.2M
$6.3M
Net Profit
$-93.8M
$-27.5M
Gross Margin
-546.6%
Operating Margin
-2412.1%
-313.3%
Net Margin
-2222.2%
-434.3%
Revenue YoY
125.5%
-1.2%
Net Profit YoY
30.2%
-243.2%
EPS (diluted)
$-4.36
$-0.07

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
SPCE
SPCE
URG
URG
Q3 25
$6.3M
Q2 25
$10.4M
Q4 24
$22.7M
Q3 24
$6.4M
Q2 24
$4.2M
$4.7M
Q1 24
$2.0M
$0
Q4 23
$2.8M
Q3 23
$1.7M
Net Profit
SPCE
SPCE
URG
URG
Q3 25
$-27.5M
Q2 25
$-21.0M
Q4 24
Q3 24
$-8.0M
Q2 24
$-93.8M
$-6.6M
Q1 24
$-102.0M
$-18.5M
Q4 23
$-104.0M
Q3 23
$-104.6M
Gross Margin
SPCE
SPCE
URG
URG
Q3 25
Q2 25
18.6%
Q4 24
Q3 24
12.3%
Q2 24
-546.6%
28.5%
Q1 24
-1038.1%
Q4 23
-766.4%
Q3 23
-1384.3%
Operating Margin
SPCE
SPCE
URG
URG
Q3 25
-313.3%
Q2 25
-151.1%
Q4 24
Q3 24
-185.4%
Q2 24
-2412.1%
-245.2%
Q1 24
-5599.9%
Q4 23
-4067.8%
Q3 23
-6613.0%
Net Margin
SPCE
SPCE
URG
URG
Q3 25
-434.3%
Q2 25
-200.8%
Q4 24
Q3 24
-125.0%
Q2 24
-2222.2%
-141.5%
Q1 24
-5139.1%
Q4 23
-3701.8%
Q3 23
-6053.5%
EPS (diluted)
SPCE
SPCE
URG
URG
Q3 25
$-0.07
Q2 25
$-0.06
Q4 24
Q3 24
$-0.02
Q2 24
$-4.36
$-0.02
Q1 24
$-5.10
$-0.07
Q4 23
$-14.49
Q3 23
$-5.57

Balance Sheet & Financial Strength

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

Metric
SPCE
SPCE
URG
URG
Cash + ST InvestmentsLiquidity on hand
$775.7M
$52.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$394.8M
$90.7M
Total Assets
$1.1B
$170.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPCE
SPCE
URG
URG
Q3 25
$52.0M
Q2 25
$57.6M
Q4 24
$76.1M
Q3 24
$118.5M
Q2 24
$775.7M
$61.3M
Q1 24
$765.2M
$53.9M
Q4 23
$874.0M
Q3 23
$997.1M
Stockholders' Equity
SPCE
SPCE
URG
URG
Q3 25
$90.7M
Q2 25
$102.1M
Q4 24
$132.8M
Q3 24
$152.1M
Q2 24
$394.8M
$92.8M
Q1 24
$417.6M
$76.9M
Q4 23
$505.5M
Q3 23
$599.4M
Total Assets
SPCE
SPCE
URG
URG
Q3 25
$170.9M
Q2 25
$171.3M
Q4 24
$194.1M
Q3 24
$201.4M
Q2 24
$1.1B
$140.6M
Q1 24
$1.1B
$124.9M
Q4 23
$1.2B
Q3 23
$1.3B

Cash Flow & Capital Efficiency

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

Metric
SPCE
SPCE
URG
URG
Operating Cash FlowLast quarter
$-79.1M
$-15.0M
Free Cash FlowOCF − Capex
$-113.5M
$-20.4M
FCF MarginFCF / Revenue
-2690.7%
-322.5%
Capex IntensityCapex / Revenue
815.5%
84.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-458.3M
$-129.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPCE
SPCE
URG
URG
Q3 25
$-15.0M
Q2 25
$-12.1M
Q4 24
$-71.9M
Q3 24
$-6.8M
Q2 24
$-79.1M
$-11.3M
Q1 24
$-113.2M
$-14.4M
Q4 23
$-95.3M
Q3 23
$-91.5M
Free Cash Flow
SPCE
SPCE
URG
URG
Q3 25
$-20.4M
Q2 25
$-17.2M
Q4 24
$-81.0M
Q3 24
$-10.7M
Q2 24
$-113.5M
$-12.3M
Q1 24
$-126.3M
$-15.2M
Q4 23
$-113.7M
Q3 23
$-104.8M
FCF Margin
SPCE
SPCE
URG
URG
Q3 25
-322.5%
Q2 25
-164.5%
Q4 24
-357.4%
Q3 24
-167.1%
Q2 24
-2690.7%
-263.7%
Q1 24
-6362.8%
Q4 23
-4046.9%
Q3 23
-6066.1%
Capex Intensity
SPCE
SPCE
URG
URG
Q3 25
84.5%
Q2 25
48.5%
Q4 24
39.9%
Q3 24
60.1%
Q2 24
815.5%
21.7%
Q1 24
658.5%
Q4 23
653.9%
Q3 23
771.1%

Financial Flow Comparison

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

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