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

Zedge, Inc. is the larger business by last-quarter revenue ($7.6M vs $4.2M, roughly 1.8× Virgin Galactic Holdings, Inc). Zedge, Inc. runs the higher net margin — 10.4% vs -2222.2%, a 2232.5% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 5.8%). Zedge, Inc. produced more free cash flow last quarter ($808.0K 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.

Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.

SPCE vs ZDGE — Head-to-Head

Bigger by revenue
ZDGE
ZDGE
1.8× larger
ZDGE
$7.6M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+119.8% gap
SPCE
125.5%
5.8%
ZDGE
Higher net margin
ZDGE
ZDGE
2232.5% more per $
ZDGE
10.4%
-2222.2%
SPCE
More free cash flow
ZDGE
ZDGE
$114.4M more FCF
ZDGE
$808.0K
$-113.5M
SPCE

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
SPCE
SPCE
ZDGE
ZDGE
Revenue
$4.2M
$7.6M
Net Profit
$-93.8M
$788.0K
Gross Margin
-546.6%
Operating Margin
-2412.1%
12.0%
Net Margin
-2222.2%
10.4%
Revenue YoY
125.5%
5.8%
Net Profit YoY
30.2%
332.4%
EPS (diluted)
$-4.36
$0.06

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
ZDGE
ZDGE
Q4 25
$7.6M
Q3 25
$7.5M
Q2 25
$7.8M
Q1 25
$7.0M
Q4 24
$7.2M
Q3 24
$7.6M
Q2 24
$4.2M
$7.7M
Q1 24
$2.0M
$7.8M
Net Profit
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$788.0K
Q3 25
$-559.0K
Q2 25
$185.0K
Q1 25
$-1.7M
Q4 24
$-339.0K
Q3 24
$-39.0K
Q2 24
$-93.8M
$113.0K
Q1 24
$-102.0M
$-9.2M
Gross Margin
SPCE
SPCE
ZDGE
ZDGE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-546.6%
Q1 24
-1038.1%
Operating Margin
SPCE
SPCE
ZDGE
ZDGE
Q4 25
12.0%
Q3 25
-9.6%
Q2 25
2.1%
Q1 25
-31.8%
Q4 24
-6.4%
Q3 24
-0.8%
Q2 24
-2412.1%
-1.7%
Q1 24
-5599.9%
-153.5%
Net Margin
SPCE
SPCE
ZDGE
ZDGE
Q4 25
10.4%
Q3 25
-7.5%
Q2 25
2.4%
Q1 25
-24.1%
Q4 24
-4.7%
Q3 24
-0.5%
Q2 24
-2222.2%
1.5%
Q1 24
-5139.1%
-118.8%
EPS (diluted)
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$0.06
Q3 25
$-0.04
Q2 25
$0.01
Q1 25
$-0.12
Q4 24
$-0.02
Q3 24
$0.00
Q2 24
$-4.36
$0.01
Q1 24
$-5.10
$-0.66

Balance Sheet & Financial Strength

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

Metric
SPCE
SPCE
ZDGE
ZDGE
Cash + ST InvestmentsLiquidity on hand
$775.7M
$18.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$394.8M
$25.9M
Total Assets
$1.1B
$36.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$18.5M
Q3 25
$18.6M
Q2 25
$20.4M
Q1 25
$20.1M
Q4 24
$20.2M
Q3 24
$20.0M
Q2 24
$775.7M
$19.9M
Q1 24
$765.2M
$18.1M
Stockholders' Equity
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$25.9M
Q3 25
$25.9M
Q2 25
$28.6M
Q1 25
$28.2M
Q4 24
$30.1M
Q3 24
$30.9M
Q2 24
$394.8M
$30.9M
Q1 24
$417.6M
$30.7M
Total Assets
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$36.0M
Q3 25
$35.7M
Q2 25
$37.8M
Q1 25
$37.1M
Q4 24
$38.2M
Q3 24
$38.2M
Q2 24
$1.1B
$38.1M
Q1 24
$1.1B
$37.1M

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
ZDGE
ZDGE
Operating Cash FlowLast quarter
$-79.1M
$825.0K
Free Cash FlowOCF − Capex
$-113.5M
$808.0K
FCF MarginFCF / Revenue
-2690.7%
10.6%
Capex IntensityCapex / Revenue
815.5%
0.2%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$-458.3M
$3.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$825.0K
Q3 25
$674.0K
Q2 25
$870.0K
Q1 25
$708.0K
Q4 24
$1.2M
Q3 24
$695.0K
Q2 24
$-79.1M
$2.3M
Q1 24
$-113.2M
$1.6M
Free Cash Flow
SPCE
SPCE
ZDGE
ZDGE
Q4 25
$808.0K
Q3 25
$640.0K
Q2 25
$851.0K
Q1 25
$689.0K
Q4 24
$1.2M
Q3 24
$683.0K
Q2 24
$-113.5M
$2.3M
Q1 24
$-126.3M
$1.6M
FCF Margin
SPCE
SPCE
ZDGE
ZDGE
Q4 25
10.6%
Q3 25
8.6%
Q2 25
11.0%
Q1 25
9.9%
Q4 24
16.1%
Q3 24
9.0%
Q2 24
-2690.7%
30.4%
Q1 24
-6362.8%
20.0%
Capex Intensity
SPCE
SPCE
ZDGE
ZDGE
Q4 25
0.2%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
815.5%
0.2%
Q1 24
658.5%
0.0%
Cash Conversion
SPCE
SPCE
ZDGE
ZDGE
Q4 25
1.05×
Q3 25
Q2 25
4.70×
Q1 25
Q4 24
Q3 24
Q2 24
20.73×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPCE
SPCE

Segment breakdown not available.

ZDGE
ZDGE

Zedge Marketplace$7.1M94%
Other$468.0K6%

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