Virgin Galactic Holdings Inc ( (SPCE) ) has released its Q3 earnings. Here is a breakdown of the information Virgin Galactic Holdings Inc presented to its investors.
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Virgin Galactic Holdings Inc. is an aerospace and space travel company focused on pioneering human-first spaceflight for private individuals, researchers, and governments using advanced SpaceShips and launch vehicles. In its latest earnings report, Virgin Galactic announced its third-quarter financial results for 2025, highlighting a continued track towards its first commercial spaceflight in Q4 2026 and ongoing preparations for commercial operations. The company reported a net loss of $64 million, an improvement from the previous year’s $75 million loss, driven by reduced operating expenses. Despite a modest revenue of $0.4 million, Virgin Galactic maintains a strong cash position with $424 million in cash, cash equivalents, and marketable securities. The company is actively preparing for its commercial launch, with 90% of the structural parts for its first SpaceShip expected by the end of 2025 and sales for spaceflights on new SpaceShips anticipated to begin in Q1 2026. Looking ahead, Virgin Galactic is optimistic about its ability to ramp up spaceflight capacity quickly, with most current customers expected to embark on their space journeys in 2027, supported by enhanced flight rate capabilities and efficient turnaround times.