Virgin Galactic Q4 2024 Earnings Report
Key Takeaways
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.
Cash position remains strong, with cash, cash equivalents and marketable securities of $657 million as of December 31, 2024.
Revenue of $0.4 million, compared to $2.8 million in the fourth quarter of 2023, with the decrease driven by the pause in commercial spaceflights to focus efforts on the production of the Delta Class SpaceShips.
Net loss of $76 million, compared to a $104 million net loss in the fourth quarter of 2023, with the improvement primarily driven by lower operating expenses.
First spaceflight with new Delta SpaceShip carrying research payloads planned for summer 2026.
Virgin Galactic
Virgin Galactic
Forward Guidance
Free cash flow for the first quarter of 2025 is expected to be in the range of $(115) million to $(125) million.