Virgin Galactic Holdings, Inc. Financial Ratios — SPCE.CI

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-20.48	-42.05	-148.2	-49.66	-72.78	-101.93	-83.78	-93.55
Return on Assets (%)	- -	-19.76	-32.83	-91.5	-37.69	-45.29	-43.32	-32.39	-31.61
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	57.84	47	27.31	91.74	17.56	-643.21	-1,179.48	-4,613.02
EBITDA Margin (%)	- -	-5,664.41	-5,455.25	-111,555.88	-9,356.53	-21,145.59	-7,619.71	-5,133.06	-17,413.08
Operating Margin (%)	- -	-5,868.23	-5,640.36	-115,665.55	-9,706.41	-21,625.61	-7,751.63	-5,352.89	-18,480.76
Incremental Operating Margin (%)	- -	- -	- -	1,750.55	- -	18,413.16	- -	63,763.56	- -
Pretax Margin (%)	- -	-4,843.52	-5,687.73	-270,958.4	-10,717.5	-21,607.01	-7,380.65	-4,927.03	-18,060.56
Profit Margin (%)	- -	-4,848.68	-5,689.37	-270,960.92	-10,719.9	-21,632.87	-7,387.31	-4,928.08	-18,063.92
Net Income to Common Margin (%)	- -	-4,848.68	-5,689.37	-270,960.92	-10,719.9	-21,632.87	-7,387.31	-4,928.08	-18,063.92
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-20.48	-42.05	-148.2	-49.66	-72.78	-101.93	-83.78	-93.55

Credit (USD)

Credit Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	25	28	- -	416	418	420	324
ST Debt	- -	- -	2	3	- -	- -	- -	- -	48
LT Debt	- -	- -	22	25	- -	416	418	420	276
Total Debt/EBITDA	- -	- -	-0.12	-0.1	- -	-0.85	-0.81	-1.16	-1.21
Net Debt/EBITDA	- -	- -	2.33	2.51	1.7	-0.23	-0.39	-0.67	-0.67
Total Debt/EBIT	- -	- -	-0.12	-0.1	- -	-0.83	-0.79	-1.12	-1.14
Net Debt/EBIT	- -	- -	2.25	2.42	1.64	-0.23	-0.38	-0.64	-0.63
EBITDA to Interest Expense	- -	-16,137.9	-5,729.53	-7,375.08	-12,320.68	-40.3	-40.25	-27.94	-21.03
EBITDA-CapEx/Interest Expense	- -	-16,137.9	-5,729.53	-7,375.08	-12,320.68	-40.3	-40.25	-27.94	-21.03
EBIT to Interest Expense	- -	-16,718.6	-5,923.94	-7,646.78	-12,781.4	-41.22	-40.95	-29.14	-22.32
Interest Expense	- -	- -	- -	- -	- -	12	13	13	13
Common Equity/Total Assets	96.47	96.49	56.68	65.56	83.67	42.13	42.85	33.53	34.11
Long-Term Debt/Equity (%)	- -	- -	6.45	4.69	- -	86.57	82.67	130.36	100.88
Long-Term Debt/Capital (%)	- -	- -	6.02	4.45	- -	46.4	45.26	56.59	46.2
Long-Term Debt/Total Assets (%)	- -	- -	3.66	3.07	- -	36.47	35.43	43.71	34.41
Total Debt/Equity (%)	0.02	0.06	7.15	5.22	- -	86.57	82.67	130.36	118.33
Total Debt/Capital (%)	0.02	0.06	6.67	4.96	- -	46.4	45.26	56.59	54.2
Total Debt/Total Assets (%)	0.02	0.05	4.05	3.42	- -	36.47	35.43	43.71	40.36
Net Debt to Equity	-0.09	-0.01	-139.98	-126.22	-58.65	23.62	39.78	74.94	65.51
Net Debt/Capital (%)	-0.09	-0.01	426.41	597.64	-141.83	19.11	28.46	42.84	39.58
EBITDA	- -	-161	-206	-266	-308	-489	-518	-361	-269
EBITDA-CapEx	- -	-161	-206	-266	-308	-489	-518	-361	-269
Operating Income (Loss)	- -	-167	-213	-275	-320	-500	-527	-377	-285

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.95	0.79	4.15	5.79	4.59	4.94	4.71	3.75	1.47
Current Ratio	4.56	0.87	4.68	6.33	5.16	5.44	5.12	4.19	1.78
Quick Ratio	3.8	0.79	4.15	5.79	4.59	4.94	4.71	3.75	1.47
CFO/Avg Current Liab	- -	-310.42	-3.59	-2.02	-1.87	-2.41	-2.42	-2.1	-1.34
Common Equity/Total Assets	96.47	96.49	56.68	65.56	83.67	42.13	42.85	33.53	34.11
Long-Term Debt/Equity (%)	- -	- -	6.45	4.69	- -	86.57	82.67	130.36	100.88
Long-Term Debt/Capital (%)	- -	- -	6.02	4.45	- -	46.4	45.26	56.59	46.2
Long-Term Debt/Total Assets (%)	- -	- -	3.66	3.07	- -	36.47	35.43	43.71	34.41
Total Debt/Equity (%)	0.02	0.06	7.15	5.22	- -	86.57	82.67	130.36	118.33
Total Debt/Capital (%)	0.02	0.06	6.67	4.96	- -	46.4	45.26	56.59	54.2
Total Debt/Total Assets (%)	0.02	0.05	4.05	3.42	- -	36.47	35.43	43.71	40.36
CFO/Total Liabilities	- -	-589.12	-79.72	-84.2	-132.19	-57.64	-66.49	-55.2	-45.38
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	-4.09	-5.45

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	- -	0.51	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	713.9	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	0.01	0.01	0.07	2.51	- -	- -
Days Inventory Outstanding	- -	- -	- -	65,761.18	40,358.67	5,142.84	145.69	- -	- -
Accounts Payable Turnover	- -	- -	- -	-0.18	-0.07	-0.29	1.76	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	-1,984.21	-5,120.42	-1,254.44	207.85	- -	- -
Cash Conversion Cycle	- -	- -	- -	68,459.29	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	-65,047.29	- -	- -	- -	- -	- -
Inventories	- -	- -	32	30	30	24	16	- -	- -
Raw Materials	- -	- -	32	30	30	24	16	- -	- -
Work In Process	- -	- -	4	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	-4	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	214	240
- Cash & Cash Equivalents	1	- -	480	666	524	302	217	179	145
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	25	28	- -	416	418	420	324
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	71	258
Total Capital	669	680	368	555	894	896	923	742	598
Total Debt/Capital (%)	0.02	0.06	6.67	4.96	- -	46.4	45.26	56.59	54.2
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	5.89	1.26
EV/Sales	- -	- -	- -	- -	- -	- -	- -	10.14	166.86
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	162	168
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	19	185
EV per Share	- -	- -	- -	- -	- -	- -	- -	4.64	7.53
TTM Sales	- -	3	4	- -	3	2	7	7	2
TTM EBITDA	- -	-161	-206	-266	-308	-489	-518	-361	-269
TTM Operating Income	- -	-167	-213	-275	-320	-500	-527	-377	-285
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	-0.46	-0.7
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	71	258
Low Price	- -	- -	- -	- -	- -	- -	- -	1.93	5.24
EV/Sales	- -	- -	- -	- -	- -	- -	- -	10.14	166.86
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	0.67	0.88
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	1.36	0.99
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	3.1	1.89
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	0.09	0.65
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	0.67	0.88
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	1.36	0.99
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	3.1	1.89
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	0.09	0.65
Price/Sales	- -	- -	- -	- -	- -	- -	- -	23.05	108.84
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	47	123
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	107.47	234.42
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	3.2	81.09
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	-0.46	-0.7
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	-0.94	-0.79
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	-2.14	-1.51
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	-0.06	-0.52
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	-0.94	-0.79
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	-2.14	-1.51
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	-0.06	-0.52
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	41.8	187.11
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	121.76	346.56
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	127.15
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	13.93	7.03
High Price	- -	- -	- -	- -	- -	- -	- -	64.95	15.14
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	294	289
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	857	535
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	-113	196

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	10	10	5	6	6	6	9	15	34
Diluted Weighted Avg Shares	8	5	5	5	6	6	8	12	24
Basic Weighted Avg Shares	8	5	5	5	6	6	8	12	24
Revenue per Share	- -	0.63	0.83	0.05	0.57	0.38	0.86	0.6	0.06
EBITDA per Share	- -	-35.72	-45.49	-51.95	-53.33	-79.4	-65.86	-31.02	-11.25
Operating Income per Share	- -	-37.01	-47.04	-53.86	-55.32	-81.21	-67	-32.35	-11.94
Basic EPS, GAAP	- -	-30.58	-47.44	-126.18	-61.1	-81.23	-63.85	-29.78	-11.67
Basic EPS from Cont Ops	- -	-30.58	-47.44	-126.18	-61.1	-81.23	-63.85	-29.78	-11.67
Diluted EPS, GAAP	- -	-30.58	-47.44	-126.18	-61.1	-81.23	-63.85	-29.78	-11.67
Diluted EPS from Cont Ops	- -	-30.58	-47.44	-126.18	-61.1	-81.23	-63.85	-29.78	-11.67
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	-32.25	-46.12	-45.62	-39.95	-61.76	-56.97	-30.3	-10.05
Free Cash Flow per Basic Share	- -	-32.25	-46.12	-45.62	-39.95	-61.76	-56.97	-30.3	-10.05
Cash & Equivalents per Share	0.07	0.05	105.08	120.9	100.28	141.5	93.7	36.59	8.98
Book Value per Share	69.28	70.42	75.07	95.7	148.5	74.75	54.19	20.94	8.01
Tangible Book Value per Share	69.28	70.42	75.07	95.7	148.5	74.75	54.19	20.94	8.01