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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and X3 Holdings Co., Ltd. (XTKG). Click either name above to swap in a different company.
X3 Holdings Co., Ltd. is the larger business by last-quarter revenue ($5.0M vs $4.2M, roughly 1.2× Virgin Galactic Holdings, Inc). X3 Holdings Co., Ltd. produced more free cash flow last quarter ($-1.7M 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 XTKG — Head-to-Head
Income Statement — Q2 FY2024 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.2M | $5.0M |
| Net Profit | $-93.8M | — |
| Gross Margin | -546.6% | — |
| Operating Margin | -2412.1% | — |
| Net Margin | -2222.2% | — |
| Revenue YoY | 125.5% | — |
| Net Profit YoY | 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.
| Q2 25 | — | $5.0M | ||
| Q2 24 | $4.2M | $6.6M | ||
| Q1 24 | $2.0M | — | ||
| Q4 23 | $2.8M | — | ||
| Q3 23 | $1.7M | — | ||
| Q2 23 | $1.9M | — | ||
| Q4 22 | $869.0K | — | ||
| Q3 22 | $767.0K | — |
| Q2 25 | — | — | ||
| Q2 24 | $-93.8M | $-57.6M | ||
| Q1 24 | $-102.0M | — | ||
| Q4 23 | $-104.0M | — | ||
| Q3 23 | $-104.6M | — | ||
| Q2 23 | $-134.4M | — | ||
| Q4 22 | $-150.8M | — | ||
| Q3 22 | $-145.6M | — |
| Q2 25 | — | — | ||
| Q2 24 | -546.6% | 28.0% | ||
| Q1 24 | -1038.1% | — | ||
| Q4 23 | -766.4% | — | ||
| Q3 23 | -1384.3% | — | ||
| Q2 23 | 87.5% | — | ||
| Q4 22 | -34.5% | — | ||
| Q3 22 | 23.1% | — |
| Q2 25 | — | — | ||
| Q2 24 | -2412.1% | -219.1% | ||
| Q1 24 | -5599.9% | — | ||
| Q4 23 | -4067.8% | — | ||
| Q3 23 | -6613.0% | — | ||
| Q2 23 | -7459.4% | — | ||
| Q4 22 | -17642.2% | — | ||
| Q3 22 | -18978.0% | — |
| Q2 25 | — | — | ||
| Q2 24 | -2222.2% | -874.1% | ||
| Q1 24 | -5139.1% | — | ||
| Q4 23 | -3701.8% | — | ||
| Q3 23 | -6053.5% | — | ||
| Q2 23 | -7181.4% | — | ||
| Q4 22 | -17355.6% | — | ||
| Q3 22 | -18977.1% | — |
| Q2 25 | — | — | ||
| Q2 24 | $-4.36 | — | ||
| Q1 24 | $-5.10 | — | ||
| Q4 23 | $-14.49 | — | ||
| Q3 23 | $-5.57 | — | ||
| Q2 23 | $-9.16 | — | ||
| Q4 22 | $-0.55 | — | ||
| Q3 22 | $-0.55 | — |
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 | $2.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $394.8M | $42.6M |
| Total Assets | $1.1B | $71.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | — | $2.6M | ||
| Q2 24 | $775.7M | $1.5M | ||
| Q1 24 | $765.2M | — | ||
| Q4 23 | $874.0M | — | ||
| Q3 23 | $997.1M | — | ||
| Q2 23 | $940.2M | — | ||
| Q4 22 | $909.0M | — | ||
| Q3 22 | $1.0B | — |
| Q2 25 | — | $42.6M | ||
| Q2 24 | $394.8M | $125.5M | ||
| Q1 24 | $417.6M | — | ||
| Q4 23 | $505.5M | — | ||
| Q3 23 | $599.4M | — | ||
| Q2 23 | $484.5M | — | ||
| Q4 22 | $480.2M | — | ||
| Q3 22 | $613.5M | — |
| Q2 25 | — | $71.7M | ||
| Q2 24 | $1.1B | $171.3M | ||
| Q1 24 | $1.1B | — | ||
| Q4 23 | $1.2B | — | ||
| Q3 23 | $1.3B | — | ||
| Q2 23 | $1.1B | — | ||
| Q4 22 | $1.1B | — | ||
| Q3 22 | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-79.1M | $-1.1M |
| Free Cash FlowOCF − Capex | $-113.5M | $-1.7M |
| FCF MarginFCF / Revenue | -2690.7% | -34.1% |
| Capex IntensityCapex / Revenue | 815.5% | 12.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-458.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | — | $-1.1M | ||
| Q2 24 | $-79.1M | $-7.0M | ||
| Q1 24 | $-113.2M | — | ||
| Q4 23 | $-95.3M | — | ||
| Q3 23 | $-91.5M | — | ||
| Q2 23 | $-125.3M | — | ||
| Q4 22 | $-131.2M | — | ||
| Q3 22 | $-96.0M | — |
| Q2 25 | — | $-1.7M | ||
| Q2 24 | $-113.5M | $-7.0M | ||
| Q1 24 | $-126.3M | — | ||
| Q4 23 | $-113.7M | — | ||
| Q3 23 | $-104.8M | — | ||
| Q2 23 | $-135.2M | — | ||
| Q4 22 | $-135.4M | — | ||
| Q3 22 | $-102.1M | — |
| Q2 25 | — | -34.1% | ||
| Q2 24 | -2690.7% | -106.9% | ||
| Q1 24 | -6362.8% | — | ||
| Q4 23 | -4046.9% | — | ||
| Q3 23 | -6066.1% | — | ||
| Q2 23 | -7224.3% | — | ||
| Q4 22 | -15584.0% | — | ||
| Q3 22 | -13305.2% | — |
| Q2 25 | — | 12.1% | ||
| Q2 24 | 815.5% | 0.3% | ||
| Q1 24 | 658.5% | — | ||
| Q4 23 | 653.9% | — | ||
| Q3 23 | 771.1% | — | ||
| Q2 23 | 526.4% | — | ||
| Q4 22 | 481.4% | — | ||
| Q3 22 | 784.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPCE
Segment breakdown not available.
XTKG
| Consulting and technical support services | $2.4M | 48% |
| Other | $1.5M | 30% |
| Application development services | $884.5K | 18% |
| Subscription services | $215.4K | 4% |
