Virgin Galactic (SPCE) has reported quarterly financial results that showed an improving financial picture at the commercial space company.
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The company led by entrepreneur Sir Richard Branson announced an earnings per share (EPS) loss of $0.98, which was better than a loss of $1.51 that had been expected among Wall Street analysts. The company’s net loss of $64 million marked a 15% year-over-year improvement.
Revenue for full-year 2025 was $2 million, down from $7 million in 2024 due to a pause in commercial flights to focus on its new Delta Class spaceships. The company ended last year with cash on hand of $424 million.
Virgin Galactic’s operating expenses. Source: The Fly
Virgin Galactic’s Goals
Despite pausing commercial spaceflights due to manufacturing issues, Virgin Galactic maintains a goal of resuming space missions in the fourth quarter of this year. The company maintains a long-term goal to hold up to 125 space missions annually using four spacecraft, taking tourists into Earth’s orbit.
Virgin Galactic has said that if it can maintain its current goals and timelines, it should see significant revenue growth in 2027. However, right now the company remains unprofitable and its stock continues to be extremely volatile, having declined 34% this year.
Is SPCE Stock a Buy?
Currently, only one analyst covers Virgin Galactic’s stock. So we’ll look at the three-month performance of the company’s share price. As one can see in the chart below, SPCE stock has declined 33% over the last three months.
