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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and Vuzix Corp (VUZI). 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 $2.2M, roughly 1.9× Vuzix Corp). Vuzix Corp runs the higher net margin — -384.2% vs -2222.2%, a 1838.0% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 76.4%). Vuzix Corp produced more free cash flow last quarter ($-5.9M 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.
Vuzix Corporation is an American multinational technology company headquartered in Rochester, New York and founded by Paul Travers in 1997. Vuzix is a supplier of smartglasses and augmented reality display technology. Vuzix manufactures and sells computer display devices and software. Vuzix head-mounted displays are marketed towards mobile and immersive augmented reality applications, such as 3D gaming, manufacturing training, and military tactical equipment. On January 5, 2015, Intel acquire...
SPCE vs VUZI — Head-to-Head
Income Statement — Q2 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.2M | $2.2M |
| Net Profit | $-93.8M | $-8.6M |
| Gross Margin | -546.6% | 16.7% |
| Operating Margin | -2412.1% | -373.9% |
| Net Margin | -2222.2% | -384.2% |
| Revenue YoY | 125.5% | 76.4% |
| Net Profit YoY | 30.2% | 36.9% |
| EPS (diluted) | $-4.36 | $-0.12 |
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 | — | $2.2M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $1.4M | ||
| Q2 24 | $4.2M | $1.1M | ||
| Q1 24 | $2.0M | $2.0M |
| Q4 25 | — | $-8.6M | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $-8.6M | ||
| Q4 24 | — | $-13.7M | ||
| Q3 24 | — | $-9.2M | ||
| Q2 24 | $-93.8M | $-40.6M | ||
| Q1 24 | $-102.0M | $-10.0M |
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | -35.4% | ||
| Q2 25 | — | -58.7% | ||
| Q1 25 | — | -16.8% | ||
| Q4 24 | — | -389.6% | ||
| Q3 24 | — | -18.8% | ||
| Q2 24 | -546.6% | -30.5% | ||
| Q1 24 | -1038.1% | -2.6% |
| Q4 25 | — | -373.9% | ||
| Q3 25 | — | -645.5% | ||
| Q2 25 | — | -606.1% | ||
| Q1 25 | — | -555.0% | ||
| Q4 24 | — | -1089.2% | ||
| Q3 24 | — | -670.9% | ||
| Q2 24 | -2412.1% | -3726.5% | ||
| Q1 24 | -5599.9% | -503.6% |
| Q4 25 | — | -384.2% | ||
| Q3 25 | — | -633.4% | ||
| Q2 25 | — | -591.5% | ||
| Q1 25 | — | -546.4% | ||
| Q4 24 | — | -1074.0% | ||
| Q3 24 | — | -665.4% | ||
| Q2 24 | -2222.2% | -3715.6% | ||
| Q1 24 | -5139.1% | -501.4% |
| Q4 25 | — | $-0.12 | ||
| Q3 25 | — | $-0.09 | ||
| Q2 25 | — | $-0.10 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $-0.14 | ||
| Q2 24 | $-4.36 | $-0.62 | ||
| Q1 24 | $-5.10 | $-0.16 |
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 | $21.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $394.8M | $24.7M |
| Total Assets | $1.1B | $40.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.2M | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | $17.5M | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | — | $18.2M | ||
| Q3 24 | — | $14.3M | ||
| Q2 24 | $775.7M | $9.9M | ||
| Q1 24 | $765.2M | $16.5M |
| Q4 25 | — | $24.7M | ||
| Q3 25 | — | $27.9M | ||
| Q2 25 | — | $28.9M | ||
| Q1 25 | — | $32.8M | ||
| Q4 24 | — | $37.3M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | $394.8M | $35.4M | ||
| Q1 24 | $417.6M | $73.1M |
| Q4 25 | — | $40.1M | ||
| Q3 25 | — | $42.5M | ||
| Q2 25 | — | $36.9M | ||
| Q1 25 | — | $35.8M | ||
| Q4 24 | — | $39.4M | ||
| Q3 24 | — | $41.8M | ||
| Q2 24 | $1.1B | $38.2M | ||
| Q1 24 | $1.1B | $77.0M |
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 | $-5.6M |
| Free Cash FlowOCF − Capex | $-113.5M | $-5.9M |
| FCF MarginFCF / Revenue | -2690.7% | -263.5% |
| Capex IntensityCapex / Revenue | 815.5% | 15.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-458.3M | $-20.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.6M | ||
| Q3 25 | — | $-5.0M | ||
| Q2 25 | — | $-4.8M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-5.3M | ||
| Q2 24 | $-79.1M | $-5.6M | ||
| Q1 24 | $-113.2M | $-8.8M |
| Q4 25 | — | $-5.9M | ||
| Q3 25 | — | $-5.3M | ||
| Q2 25 | — | $-5.5M | ||
| Q1 25 | — | $-4.1M | ||
| Q4 24 | — | $-4.3M | ||
| Q3 24 | — | $-5.5M | ||
| Q2 24 | $-113.5M | $-6.5M | ||
| Q1 24 | $-126.3M | $-8.9M |
| Q4 25 | — | -263.5% | ||
| Q3 25 | — | -457.4% | ||
| Q2 25 | — | -425.6% | ||
| Q1 25 | — | -257.2% | ||
| Q4 24 | — | -334.4% | ||
| Q3 24 | — | -395.1% | ||
| Q2 24 | -2690.7% | -591.4% | ||
| Q1 24 | -6362.8% | -444.4% |
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 56.1% | ||
| Q1 25 | — | 38.8% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | 815.5% | 75.8% | ||
| Q1 24 | 658.5% | 5.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
