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

Zhongchao Inc. is the larger business by last-quarter revenue ($5.6M vs $4.2M, roughly 1.3× Virgin Galactic Holdings, Inc). Zhongchao Inc. runs the higher net margin — -17.2% vs -2222.2%, a 2204.9% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -32.9%).

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.

Zhongchao Inc. is a China-based healthcare information and service provider. It mainly offers professional medical education courses for healthcare practitioners, healthcare data analysis solutions, and patient care support services to pharmaceutical enterprises, medical institutions, and public health management entities across the Chinese mainland.

SPCE vs ZCMD — Head-to-Head

Bigger by revenue
ZCMD
ZCMD
1.3× larger
ZCMD
$5.6M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+158.5% gap
SPCE
125.5%
-32.9%
ZCMD
Higher net margin
ZCMD
ZCMD
2204.9% more per $
ZCMD
-17.2%
-2222.2%
SPCE

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
SPCE
SPCE
ZCMD
ZCMD
Revenue
$4.2M
$5.6M
Net Profit
$-93.8M
$-965.3K
Gross Margin
-546.6%
48.4%
Operating Margin
-2412.1%
-15.7%
Net Margin
-2222.2%
-17.2%
Revenue YoY
125.5%
-32.9%
Net Profit YoY
30.2%
-1171.9%
EPS (diluted)
$-4.36
$-0.04

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
ZCMD
ZCMD
Q2 25
$5.6M
Q2 24
$4.2M
$8.3M
Q1 24
$2.0M
Q4 23
$2.8M
Q3 23
$1.7M
Q2 23
$1.9M
Q4 22
$869.0K
Q3 22
$767.0K
Net Profit
SPCE
SPCE
ZCMD
ZCMD
Q2 25
$-965.3K
Q2 24
$-93.8M
$90.0K
Q1 24
$-102.0M
Q4 23
$-104.0M
Q3 23
$-104.6M
Q2 23
$-134.4M
Q4 22
$-150.8M
Q3 22
$-145.6M
Gross Margin
SPCE
SPCE
ZCMD
ZCMD
Q2 25
48.4%
Q2 24
-546.6%
56.7%
Q1 24
-1038.1%
Q4 23
-766.4%
Q3 23
-1384.3%
Q2 23
87.5%
Q4 22
-34.5%
Q3 22
23.1%
Operating Margin
SPCE
SPCE
ZCMD
ZCMD
Q2 25
-15.7%
Q2 24
-2412.1%
-0.6%
Q1 24
-5599.9%
Q4 23
-4067.8%
Q3 23
-6613.0%
Q2 23
-7459.4%
Q4 22
-17642.2%
Q3 22
-18978.0%
Net Margin
SPCE
SPCE
ZCMD
ZCMD
Q2 25
-17.2%
Q2 24
-2222.2%
1.1%
Q1 24
-5139.1%
Q4 23
-3701.8%
Q3 23
-6053.5%
Q2 23
-7181.4%
Q4 22
-17355.6%
Q3 22
-18977.1%
EPS (diluted)
SPCE
SPCE
ZCMD
ZCMD
Q2 25
$-0.04
Q2 24
$-4.36
$0.03
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
SPCE
SPCE
ZCMD
ZCMD
Cash + ST InvestmentsLiquidity on hand
$775.7M
$15.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$394.8M
$20.3M
Total Assets
$1.1B
$26.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPCE
SPCE
ZCMD
ZCMD
Q2 25
$15.0M
Q2 24
$775.7M
$12.2M
Q1 24
$765.2M
Q4 23
$874.0M
Q3 23
$997.1M
Q2 23
$940.2M
Q4 22
$909.0M
Q3 22
$1.0B
Stockholders' Equity
SPCE
SPCE
ZCMD
ZCMD
Q2 25
$20.3M
Q2 24
$394.8M
$17.7M
Q1 24
$417.6M
Q4 23
$505.5M
Q3 23
$599.4M
Q2 23
$484.5M
Q4 22
$480.2M
Q3 22
$613.5M
Total Assets
SPCE
SPCE
ZCMD
ZCMD
Q2 25
$26.3M
Q2 24
$1.1B
$24.0M
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
SPCE
SPCE
ZCMD
ZCMD
Operating Cash FlowLast quarter
$-79.1M
$1.8M
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
ZCMD
ZCMD
Q2 25
$1.8M
Q2 24
$-79.1M
$809.6K
Q1 24
$-113.2M
Q4 23
$-95.3M
Q3 23
$-91.5M
Q2 23
$-125.3M
Q4 22
$-131.2M
Q3 22
$-96.0M
Free Cash Flow
SPCE
SPCE
ZCMD
ZCMD
Q2 25
Q2 24
$-113.5M
$-1.3M
Q1 24
$-126.3M
Q4 23
$-113.7M
Q3 23
$-104.8M
Q2 23
$-135.2M
Q4 22
$-135.4M
Q3 22
$-102.1M
FCF Margin
SPCE
SPCE
ZCMD
ZCMD
Q2 25
Q2 24
-2690.7%
-15.4%
Q1 24
-6362.8%
Q4 23
-4046.9%
Q3 23
-6066.1%
Q2 23
-7224.3%
Q4 22
-15584.0%
Q3 22
-13305.2%
Capex Intensity
SPCE
SPCE
ZCMD
ZCMD
Q2 25
Q2 24
815.5%
25.1%
Q1 24
658.5%
Q4 23
653.9%
Q3 23
771.1%
Q2 23
526.4%
Q4 22
481.4%
Q3 22
784.0%
Cash Conversion
SPCE
SPCE
ZCMD
ZCMD
Q2 25
Q2 24
8.99×
Q1 24
Q4 23
Q3 23
Q2 23
Q4 22
Q3 22

Financial Flow Comparison

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

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