Filing Flows › Virgin Galactic Holdings (SPCE) › Q1 2025
Virgin Galactic Holdings (SPCE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Virgin Galactic Holdings (SPCE) reported revenue of $461K for the first quarter 2025 (Q1 2025), -77% from a year earlier and +7% from the quarter before.
Virgin Galactic Holdings, Q1 2025: revenue $461K (-77% year over year), net loss $84.5M, operating cash flow −$75.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $461K | +7% | -77% |
| Operating profit | −$88.4M | — | — |
| Net earnings | −$84.5M | — | — |
| Operating cash flow | −$75.9M | — | — |
What changed
Revenue was $461K in Q1 2025, down 77% year over year and up 7% from the previous quarter.
Operating costs exceeded revenue by $88.4M, an operating margin of -19186.1%. Total costs fell 21% while revenue fell 77%. The fastest-growing cost line was Other operating costs (+14%). The quarter ended with a net loss of $84.5M, wider than the previous quarter's $76.4M loss.
Operating cash flow was −$75.9M. Non-cash charges added back $4.2M of depreciation and amortization and $4.8M of share-based compensation. Capital expenditures of $46.0M exceeded it, leaving free cash flow of −$122.0M.
Questions
What was Virgin Galactic Holdings' revenue in the first quarter 2025?
Virgin Galactic Holdings (SPCE) reported revenue of $461K for the first quarter 2025 (Q1 2025), -77% from a year earlier and +7% from the quarter before.