Virgin Galactic Holdings, Inc income statement

In fiscal 2025, Virgin Galactic Holdings, Inc reported revenue of $1.5m, down 78.1% on the year before, operating income of −$285m (a -18480.8% margin) and net income of −$279m, or −$5.44 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Virgin Galactic Holdings, Inc: income statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	2	3	4	0	3	2	7	7	2	1
Cost of revenue	0	1	2	0	0	2	51	90	73	96
Gross profit	1	2	2	0	3	0	−44	−83	−71	−95
Research and development	93	118	133	154	144	314	295	153	80	38
Selling, general and administrative	47	51	82	111	167	175	175	125	117	109
Operating income	−139	−167	−213	−275	−320	−500	−532	−377	−285	−257
Interest expense	0	0	0	0	0	12	13	13	13	10
Income before tax	−138	−138	−215	−645	−353	−500	−502	−347	−279	−248
Income tax	0	0	0	0	0	1	0	0	0	0
Net income	−138	−138	−215	−645	−353	−500	−502	−347	−279	−248
Diluted EPS	−$7.10	−$7.10	−$11.10	−$29.40	−$0.71	−$0.94	−$14.89	−$6.95	−$5.44	−$3.15
Diluted shares (average)	19m	19m	19m	22m	25m	26m	34m	50m	51m	79m
EBITDA	−134	−161	−206	−266	−308	−489	−518	−361	−269	−241

US$ millions unless shown otherwise. Fiscal quarters.

Virgin Galactic Holdings, Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	0	0	0	0	0	0	0	0
Cost of revenue	20	20	21	14	19	18	30	28
Gross profit	−19	−20	−20	−14	−19	−18	−29	−28
Research and development	24	28	33	20	15	12	7	4
Selling, general and administrative	34	30	31	32	28	27	26	29
Operating income	−82	−82	−88	−70	−66	−61	−66	−65
Interest expense	3	3	3	3	3	3	2	2
Income before tax	−74	−77	−84	−67	−64	−63	−65	−56
Income tax	0	−0	0	−0	0	0	0	0
Net income	−75	−76	−84	−67	−64	−63	−65	−56
Diluted EPS	−$2.66	−$2.23	−$2.38	−$1.47	−$1.09	−$0.83	−$0.81	−$0.50
EBITDA	−77	−78	−84	−66	−62	−57	−62	−61

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Virgin Galactic Holdings, Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Virgin Galactic Holdings, Inc.