Filing Flows › Virgin Galactic Holdings (SPCE) › Q4 2024
Virgin Galactic Holdings (SPCE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Virgin Galactic Holdings (SPCE) reported revenue of $429K for the fourth quarter 2024 (Q4 2024), -85% from a year earlier and +7% from the quarter before.
Virgin Galactic Holdings, Q4 2024: revenue $429K (-85% year over year), net loss $76.4M, operating cash flow −$81.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $429K | +7% | -85% |
| Operating profit | −$82.0M | — | — |
| Net earnings | −$76.4M | — | — |
| Operating cash flow | −$81.0M | — | — |
What changed
Revenue was $429K in Q4 2024, down 85% year over year and up 7% from the previous quarter.
Operating costs exceeded revenue by $82.0M, an operating margin of -19103.3%. Total costs fell 30% while revenue fell 85%. The quarter ended with a net loss of $76.4M, wider than the previous quarter's $74.5M loss.
Operating cash flow was −$81.0M. Non-cash charges added back $4.2M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $14.5M. Capital expenditures of $35.7M exceeded it, leaving free cash flow of −$116.7M.
Questions
What was Virgin Galactic Holdings' revenue in the fourth quarter 2024?
Virgin Galactic Holdings (SPCE) reported revenue of $429K for the fourth quarter 2024 (Q4 2024), -85% from a year earlier and +7% from the quarter before.