Virgin Galactic Holdings, Inc. (SPCE)

From the record

Virgin Galactic Holdings, Inc.'s filings since 2017 show 6 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2024-05-29); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-04-30); an auditor change (8-K item 4.01, 3 times, the latest 2023-03-07); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-11) (its current reports).

From the record

Virgin Galactic Holdings, Inc.'s 9 filed years say what it did: revenue went from $2 million in fiscal 2017 to $2 million in fiscal 2025, down 1.6% a year; it rose in 5 of 8 years; the deepest fall was 94% from fiscal 2019 to fiscal 2020; net income was positive in 0 of 9 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Virgin Galactic Holdings, Inc. lost about 102 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 9 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 66 cents per dollar of assets, and net share issuance: its share count grew 105.3% over the year (the filed statements).

From the record

Virgin Galactic Holdings, Inc.'s standing among 15 graded names in its industry family: revenue of $2 million in fiscal 2025 ranks in the bottom 4% by size; a net margin of -18063.9% ranks in the bottom 3%; revenue growth of -12.6% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).

From the record

Virgin Galactic Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Colglazier, Michael A (CEO and President, as filed), filing under that title since 2020-07-22, 6.3 years (top 17% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 4.7 years (bottom 36%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Virgin Galactic Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $145 million against debt of $324 million leaves -22.3% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is -28380% of revenue (bottom 3%); a gross margin of -4613% (bottom 7%); research spending of 5211.5% of revenue (top 25%) (its annual report).

From the record

Virgin Galactic Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -12.6% a year over the last three filed years against -1.6% over all 9, slowing (bottom 4% of its family); the newest year grew -78.1% (bottom 3%); research spending grew -36.5% a year (bottom 17%); capital spending grew 129% a year (top 3%) (its annual reports). Virgin Galactic Holdings, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Virgin Galactic Holdings, Inc.'s newest year against its own record: revenue of $2 million in fiscal 2025 came in 87.4% below the $12 million its prior three years' pace pointed to (bottom 4% of its family); net income of $279 million against a prior three-year average of $450 million (bottom 39%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 4%) (its annual reports).