Virgin Galactic Earnings Reports

Virgin Galactic posted a $84 million net loss for Q1 2025 on $500,000 in revenue, as it paused commercial flights to prioritize development of its Delta Class SpaceShips. The company maintained a strong liquidity position and reaffirmed its timeline for commercial operations starting in 2026.

Virgin Galactic reported Q4 2024 revenue of $0.4 million and a net loss of $76 million. The company's cash position remains strong with $657 million in cash, cash equivalents, and marketable securities. First spaceflight with new Delta SpaceShips carrying research payloads planned for summer 2026.

Virgin Galactic reported a revenue of $0.4 million and a net loss of $75 million in Q3 2024. The company's cash position remains strong with $744 million in cash, cash equivalents, and marketable securities. The production schedule for Delta Class spaceships remains on track for commercial service in 2026.

Virgin Galactic reported a revenue of $4 million, a net loss of $94 million, and a strong cash position of $821 million as of June 30, 2024. Progress on the Delta Class spaceship program was substantial in Q2, with the pace of design completion accelerating and tool fabrication underway.

Virgin Galactic reported a revenue of $2 million for Q1 2024, compared to $0.4 million in the first quarter of 2023. The net loss was $102 million, an improvement from the $159 million net loss in the first quarter of 2023. The company's cash position remains strong with $867 million in cash, cash equivalents, and marketable securities as of March 31, 2024.

Virgin Galactic's Q4 2023 shows increased revenue driven by commercial spaceflights and membership fees, alongside reduced GAAP and non-GAAP operating expenses. The company's net loss decreased compared to the previous year, and its cash position remains strong.

Virgin Galactic reported a revenue of $1.7 million, a net loss of $105 million, and a strong cash position of $1.1 billion in cash, cash equivalents, and marketable securities. The company successfully completed six spaceflights in six months and is on track to open its spaceship factory in Phoenix, Arizona in mid-2024, with Delta Class spaceships expected to enter revenue service in 2026.

Virgin Galactic reported a revenue of $2 million, a net loss of $134 million, and a strong cash position of $980 million in the second quarter of 2023. The company successfully completed two spaceflights and launched commercial service. They are focused on scaling the business and delivering Delta Class spaceships for commercial service in 2026.

Virgin Galactic reported a net loss of $159 million for Q1 2023, driven by investments in future fleet development and enhancements to the current fleet. The company's cash position remains strong at $874 million. Commercial service is on track for Q2 2023, with the first commercial flight targeting late June.

Virgin Galactic reported a net loss of $151 million for Q4 2022, compared to a net loss of $81 million in Q4 2021. The company's cash position remains strong with $980 million in cash and cash equivalents and marketable securities as of December 31, 2022. Commercial service is expected to launch in Q2 2023.

Virgin Galactic reported a net loss of $146 million for the third quarter of 2022, compared to a $48 million net loss in the third quarter of 2021. The company's cash position remains strong with $1.1 billion in cash and cash equivalents and marketable securities as of September 30, 2022. Commercial launch is expected to be on track for Q2 2023.

Virgin Galactic reported a net loss of $111 million for the second quarter of 2022, compared to a $94 million net loss in the same period of 2021. The company's cash position remains strong with $1.1 billion in cash and cash equivalents and marketable securities. Strategic initiatives, including the selection of Aurora Flight Sciences to build new motherships and the establishment of a Delta Class Spaceship manufacturing facility, are positioning the company for scaled growth. Commercial launch is anticipated for Q2 2023.

Virgin Galactic reported a net loss of $93 million for Q1 2022, compared to a $130 million net loss in Q1 2021. The company's cash position remains strong with $1.22 billion. Commercial service launch is expected to move from Q4 2022 to Q1 2023 due to supply chain and labor constraints. Demand for tickets remains strong, with approximately 800 future astronaut reservations.

Virgin Galactic reported a net loss of $81 million for Q4 2021, compared to a $104 million net loss in the fourth quarter of 2020. The company's cash position remains strong with approximately $931 million in cash, cash equivalents, restricted cash and marketable securities as of December 31, 2021. Commercial service remains on track for Q4 2022.

Virgin Galactic announced its Q3 2021 financial results, highlighting a strong cash position of approximately $1.0 billion and continued progress towards the start of private astronaut commercial service, expected in Q4 2022.

Virgin Galactic reported its Q2 2021 financial results, showing a net loss of $94 million and revenue of $571 thousand. The company highlighted its successful completion of two spaceflights from New Mexico and the FAA approval to expand its existing launch license.

Virgin Galactic reported a net loss of $130 million and cash and cash equivalents of $617 million as of March 31, 2021.

Virgin Galactic reported a net loss of $74 million and cash and cash equivalents of $666 million for the fourth quarter of 2020. The company is preparing for its next rocket-powered spaceflight from Spaceport America, targeted for May 2021.

Virgin Galactic reported a net loss of $77 million and maintained a strong cash position with $742 million in cash and cash equivalents. The company is preparing for its first rocket-powered test flight from Spaceport America in November and progressing on its second SpaceShipTwo vehicle.

Virgin Galactic reported a net loss of $63 million and maintained a strong cash position with $360 million in cash and cash equivalents as of June 30, 2020. The company continued to advance its test flight program and saw growth in customer demand.

Virgin Galactic reported a revenue of $238,000 and a net loss of $60 million for the first quarter ended March 31, 2020. The company's cash and cash equivalents stood at $419 million. Over 400 participants paid deposits to enroll in the “One Small Step” Program.