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.
Virgin Galactic expects Q2 2025 free cash flow to remain negative between $105 million and $115 million as development efforts continue.
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