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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and AIRWA INC. (YYAI). 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 $3.0M, roughly 1.4× AIRWA INC.). AIRWA INC. runs the higher net margin — -7.4% vs -2222.2%, a 2214.8% gap on every dollar of revenue. On growth, AIRWA INC. posted the faster year-over-year revenue change (729.8% vs 125.5%).

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.

Flying W Airways (FWA) was a briefly high-profile publicly-traded company of the late 1960s/early 1970s, which originated in 1961 when its founders opened Flying W Airport in New Jersey as a fly-in resort. FWA became a bet on Alaskan oil and at its peak in 1969 attracted investment by the Matlack family, had two Hollywood actors on its board and bought Red Dodge Aviation (RDA) of Alaska, for which it acquired Lockheed L-100 Hercules aircraft, to take advantage of forthcoming Alaska pipeline c...

SPCE vs YYAI — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.4× larger
SPCE
$4.2M
$3.0M
YYAI
Growing faster (revenue YoY)
YYAI
YYAI
+604.2% gap
YYAI
729.8%
125.5%
SPCE
Higher net margin
YYAI
YYAI
2214.8% more per $
YYAI
-7.4%
-2222.2%
SPCE

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
SPCE
SPCE
YYAI
YYAI
Revenue
$4.2M
$3.0M
Net Profit
$-93.8M
$-221.8K
Gross Margin
-546.6%
75.2%
Operating Margin
-2412.1%
1.8%
Net Margin
-2222.2%
-7.4%
Revenue YoY
125.5%
729.8%
Net Profit YoY
30.2%
83.8%
EPS (diluted)
$-4.36
$-0.05

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
YYAI
YYAI
Q4 25
$3.0M
Q3 25
$3.0M
Q2 25
$3.0M
Q1 25
$3.3M
Q4 24
$3.3M
Q3 24
$3.3M
Q2 24
$4.2M
$-701.1K
Q1 24
$2.0M
Net Profit
SPCE
SPCE
YYAI
YYAI
Q4 25
$-221.8K
Q3 25
$1.3M
Q2 25
$552.2K
Q1 25
$-411.2K
Q4 24
$-1.4M
Q3 24
$-4.2M
Q2 24
$-93.8M
Q1 24
$-102.0M
Gross Margin
SPCE
SPCE
YYAI
YYAI
Q4 25
75.2%
Q3 25
75.2%
Q2 25
75.2%
Q1 25
77.3%
Q4 24
77.3%
Q3 24
77.3%
Q2 24
-546.6%
Q1 24
-1038.1%
Operating Margin
SPCE
SPCE
YYAI
YYAI
Q4 25
1.8%
Q3 25
49.7%
Q2 25
42.7%
Q1 25
16.2%
Q4 24
71.2%
Q3 24
74.6%
Q2 24
-2412.1%
Q1 24
-5599.9%
Net Margin
SPCE
SPCE
YYAI
YYAI
Q4 25
-7.4%
Q3 25
42.0%
Q2 25
18.4%
Q1 25
-12.6%
Q4 24
-41.7%
Q3 24
-129.0%
Q2 24
-2222.2%
Q1 24
-5139.1%
EPS (diluted)
SPCE
SPCE
YYAI
YYAI
Q4 25
$-0.05
Q3 25
Q2 25
Q1 25
$-1.41
Q4 24
$6.43
Q3 24
$-1.91
Q2 24
$-4.36
$-30.98
Q1 24
$-5.10

Balance Sheet & Financial Strength

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

Metric
SPCE
SPCE
YYAI
YYAI
Cash + ST InvestmentsLiquidity on hand
$775.7M
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$394.8M
$165.4M
Total Assets
$1.1B
$172.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPCE
SPCE
YYAI
YYAI
Q4 25
$107.0M
Q3 25
$2.5M
Q2 25
$1.4M
Q1 25
$4.3M
Q4 24
$18.1M
Q3 24
$18.2M
Q2 24
$775.7M
$1.8M
Q1 24
$765.2M
Stockholders' Equity
SPCE
SPCE
YYAI
YYAI
Q4 25
$165.4M
Q3 25
$26.2M
Q2 25
$25.3M
Q1 25
$26.1M
Q4 24
$8.0M
Q3 24
$9.4M
Q2 24
$394.8M
$9.6M
Q1 24
$417.6M
Total Assets
SPCE
SPCE
YYAI
YYAI
Q4 25
$172.1M
Q3 25
$34.7M
Q2 25
$32.9M
Q1 25
$30.7M
Q4 24
$21.6M
Q3 24
$23.2M
Q2 24
$1.1B
$23.2M
Q1 24
$1.1B

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
YYAI
YYAI
Operating Cash FlowLast quarter
$-79.1M
$-30.8M
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.

Operating Cash Flow
SPCE
SPCE
YYAI
YYAI
Q4 25
$-30.8M
Q3 25
$-1.1M
Q2 25
$-423.7K
Q1 25
$-133.8K
Q4 24
$779.4K
Q3 24
$-601.3K
Q2 24
$-79.1M
$-460.3K
Q1 24
$-113.2M
Free Cash Flow
SPCE
SPCE
YYAI
YYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-113.5M
Q1 24
$-126.3M
FCF Margin
SPCE
SPCE
YYAI
YYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-2690.7%
Q1 24
-6362.8%
Capex Intensity
SPCE
SPCE
YYAI
YYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
815.5%
Q1 24
658.5%
Cash Conversion
SPCE
SPCE
YYAI
YYAI
Q4 25
Q3 25
-0.86×
Q2 25
-0.77×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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