Loading...
•
Mar 31, 2025
Virgin Galactic Q1 2025 Earnings Report
Virgin Galactic reported its Q1 2025 results with a narrowed net loss and ongoing investment in spaceship development.
Key Takeaways
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.
Revenue fell to $500,000 due to a pause in commercial spaceflights.
Net loss improved to $84 million from $102 million a year ago.
Cash and marketable securities totaled $567 million at quarter-end.
First commercial spaceflight carrying research payloads remains on track for summer 2026.
Forward Guidance
Virgin Galactic expects Q2 2025 free cash flow to remain negative between $105 million and $115 million as development efforts continue.
Positive Outlook
- Future astronaut sales expected to open in Q1 2026.
- First research spaceflight remains scheduled for summer 2026.
- Private astronaut flights planned for fall 2026.
- Strong liquidity with over $567 million in cash and securities.
- Midway through feasibility study for a second spaceport in Italy.
Challenges Ahead
- Free cash flow expected to remain negative through Q2 2025.
- Ongoing high capital expenditures as Delta Class development continues.
- No meaningful revenue growth expected until commercial operations begin.
- Continued operating losses projected.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...