Virgin Galactic Holdings, Inc.

SPCE

SPCEVirgin Galactic Holdings, Inc. US flag

New York Stock Exchange

4.38

USD

-0.34

- -

273.23MMarket Cap

Income Statement (USD)

API Chat

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	3	4	- -	3	2	7	7	2
+ Sales & Services Revenue	- -	3	4	- -	3	2	7	7	2
- Cost of Revenue	- -	1	2	- -	- -	2	51	90	73
+ Cost of Goods & Services	- -	1	2	- -	- -	2	51	90	73
Gross Profit	- -	2	2	- -	3	- -	-44	-83	-71
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	169	215	275	323	500	483	294	214
+ Selling, General & Admin	- -	51	82	111	167	175	175	125	117
+ Research & Development	- -	118	133	154	144	314	295	153	80
+ Other Operating Expense	- -	- -	- -	10	12	11	13	15	16
Operating Income (Loss)	- -	-167	-213	-275	-320	-500	-527	-377	-285
- Non-Operating (Income) Loss	- -	-29	2	370	33	- -	-25	-30	-6
+ Interest Expense, Net	- -	-1	-2	-2	-1	- -	-29	-29	-9
+ Interest Expense	- -	- -	- -	- -	- -	12	13	13	13
- Interest Income	- -	1	2	2	1	13	42	42	22
+ Other Non-Op (Income) Loss	- -	-29	4	372	34	- -	4	-1	3
Pretax Income	- -	-138	-215	-645	-353	-500	-502	-347	-279
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	1	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	-138	-215	-645	-353	-500	-502	-347	-279
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	- -	-138	-215	-645	-353	-500	-502	-347	-279
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	- -	-138	-215	-645	-353	-500	-502	-347	-279
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	-138	-215	-645	-353	-500	-502	-347	-279
EBIT	- -	-167	-213	-275	-320	-500	-527	-377	-285
EBITDA	- -	-161	-206	-266	-308	-489	-514	-361	-269
EBITDA Margin (%)	- -	-5,664.41	-5,455.25	-111,555.88	-9,356.53	-21,145.59	-7,555.03	-5,133.06	-17,413.08
EBITA	- -	-167	-213	-275	-320	-500	-527	-377	-285
Gross Margin (%)	- -	57.84	47	27.31	91.74	17.56	-643.21	-1,179.48	-4,613.02
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
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
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	6	7	10	12	11	13	15	16
Basic Weighted Avg Shares	- -	10	10	11	12	13	17	25	51
Basic EPS, GAAP	- -	-14.27	-22.13	-58.86	-28.5	-37.9	-29.79	-13.89	-5.44
Basic EPS from Cont Ops	- -	-14.27	-22.13	-58.86	-28.5	-37.9	-29.79	-13.89	-5.44
Diluted Weighted Avg Shares	- -	10	10	11	12	13	17	25	51
Diluted EPS, GAAP	- -	-14.27	-22.13	-58.86	-28.5	-37.9	-29.79	-13.89	-5.44
Diluted EPS from Cont Ops	- -	-14.27	-22.13	-58.86	-28.5	-37.9	-29.79	-13.89	-5.44

Balance Sheet (USD)

API Chat

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	2	1	542	728	679	1,002	951	628	373
+ Cash, Cash Equivalents & STI	1	- -	480	666	604	909	874	563	307
+ Cash & Cash Equivalents	1	- -	480	666	524	302	217	179	145
+ ST Investments	- -	- -	- -	- -	79	607	657	385	162
+ Accounts & Notes Receiv	1	- -	- -	1	- -	- -	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	32	30	30	24	16	- -	- -
+ Raw Materials	- -	- -	32	30	30	24	16	- -	- -
+ Work In Process	- -	- -	4	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	-4	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	29	31	45	69	60	65	66
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	692	704	64	76	390	138	229	333	430
+ Property, Plant & Equip, Net	- -	- -	61	53	47	54	94	209	389
+ Property, Plant & Equip	- -	- -	95	96	102	117	169	299	493
- Accumulated Depreciation	- -	- -	34	43	54	63	76	90	105
+ LT Investments & Receivables	692	704	- -	- -	301	30	72	61	- -
+ LT Investments	692	704	- -	- -	301	30	72	61	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	3	23	41	54	63	63	42
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	3	23	41	54	63	63	42
Total Assets	694	705	606	804	1,069	1,140	1,180	961	803
+ Payables & Accruals	- -	- -	30	29	38	52	74	53	57
+ Accounts Payable	- -	- -	7	6	9	16	32	4	15
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	23	23	29	35	42	50	42
+ ST Debt	- -	- -	2	3	- -	- -	- -	- -	48
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	48
+ ST Finance Leases	- -	- -	2	3	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	83	83	93	132	112	97	105
+ Deferred Revenue	- -	- -	83	83	91	103	98	84	79
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	3	30	14	12	26
Total Current Liabilities	- -	1	116	115	132	184	186	150	209
+ LT Debt	- -	- -	22	25	- -	416	418	420	276
+ LT Borrowings	- -	- -	- -	- -	- -	416	418	420	276
+ LT Finance Leases	- -	- -	22	24	- -	- -	- -	- -	- -
+ Other LT Liabilities	24	24	124	137	43	60	70	69	44
+ Accrued Liabilities	24	24	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	124	137	43	60	70	69	44
Total Noncurrent Liabilities	24	24	146	162	43	476	488	489	320
Total Liabilities	25	25	262	277	175	660	674	639	529
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	668	675	469	1,298	2,020	2,111	2,631	2,795	3,026
+ Common Stock	664	675	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	4	- -	469	1,298	2,020	2,111	2,631	2,795	3,026
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	1	5	-126	-771	-1,124	-1,624	-2,126	-2,473	-2,752
+ Other Equity	- -	- -	- -	- -	-2	-7	- -	- -	- -
Equity Before Minority Interest	669	680	343	527	894	480	505	322	274
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	669	680	343	527	894	480	505	322	274
Total Liabilities & Equity	694	705	606	804	1,069	1,140	1,180	961	803
Shares Outstanding	21	21	10	12	13	14	20	33	73
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	25	27	- -	- -	- -	- -	- -
Net Debt	-1	- -	-480	-665	-524	113	201	242	179
Net Debt to Equity	-0.09	-0.01	-139.98	-126.22	-58.65	23.62	39.78	74.94	65.51
Tangible Common Equity Ratio	96.47	96.49	56.68	65.56	83.67	42.13	42.85	33.53	34.11
Current Ratio	4.56	0.87	4.68	6.33	5.16	5.44	5.12	4.19	1.78
Cash Conversion Cycle	- -	-65.45	2,884.2	68,459.29	45,505.14	6,397.28	-62.16	-56.35	-47.3

Cash Flow Statement (USD)

API Chat

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	- -	-138	-215	-645	-353	-500	-502	-347	-279
+ Depreciation & Amortization	- -	6	7	10	12	11	13	15	16
+ Non-Cash Items	- -	-1	6	402	96	59	33	17	15
+ Stock-Based Compensation	- -	- -	3	30	62	46	44	30	19
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	-1	4	372	35	13	-11	-13	-4
+ Chg in Non-Cash Work Cap	- -	-13	-7	- -	14	50	8	-38	7
+ (Inc) Dec in Accts Receiv	- -	-2	11	-1	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	-13	-9	1	1	6	5	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-12	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	4	- -	-1	8	35	9	-29	11
+ Inc (Dec) in Other	- -	-1	4	1	5	10	-5	-9	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	-146	-209	-233	-231	-380	-448	-353	-240
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	76	460	500	103	484	138	167
+ Increase in Capital Stock	- -	- -	76	460	500	103	484	138	167
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	-383	-270	-72	297	289
+ Dec in LT Investment	- -	- -	- -	- -	- -	435	938	840	602
+ Inc in LT Investment	- -	- -	- -	- -	-383	-705	-1,010	-543	-313
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	-11	-14	-17	-5	-16	-44	-121	-198
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-11	-14	-17	-388	-286	-116	176	91
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	424	- -	- -	-108
+ Cash From Debt	- -	- -	- -	- -	- -	425	- -	- -	212
+ Repayments of Debt	- -	- -	- -	- -	- -	-1	- -	- -	-321
+ Other Financing Activities	- -	156	558	-23	-10	-69	-8	-3	55
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	157	634	437	489	459	475	134	114
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	411	186	-129	-207	-89	-43	-35
EBITDA	- -	-161	-206	-266	-308	-489	-514	-361	-269
EBITDA Margin (%)	- -	-5,664.41	-5,455.25	-111,555.88	-9,356.53	-21,145.59	-7,555.03	-5,133.06	-17,413.08
Free Cash Flow	- -	-146	-209	-233	-231	-380	-448	-353	-240
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-146	-209	-234	-231	44	-448	-353	-348
Free Cash Flow per Basic Share	- -	-15.05	-21.52	-21.28	-18.64	-28.81	-26.58	-14.13	-4.69
Price/Free Cash Flow	- -	-13.29	-10.74	-22.3	-14.36	-2.42	-1.84	-0.42	-0.68
Cash Flow to Net Income	- -	1.05	0.97	0.36	0.65	0.76	0.89	1.02	0.86
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -