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Virgin Galactic Holdings (SPCE)
NYSE:SPCE
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-2.37Last Year’s EPS
-4.36Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -10.75%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in SpaceShip production and a strong cash position, along with plans for future initiatives and improved financial metrics. However, the company remains in a pre-revenue phase with negative free cash flow and faced some logistical challenges. Overall, the company's highlights, including strategic advancements and cost management, outweigh the lowlights.Company Guidance
During the Virgin Galactic First Quarter 2025 Earnings Conference Call, several key metrics and guidance points were highlighted. The company anticipates its first research spaceflight in the summer of 2026, with private astronaut flights following in the fall. They reported a year-over-year decrease in operating expenses, down 21% to $89 million, reflecting a focus on creating capital assets. The company holds over $0.5 billion in cash, cash equivalents, and marketable securities. Capital expenditures grew to $46 million, up from $13 million in the prior year, as they continue investing in manufacturing assets. Revenue projections for the second quarter of 2025 are approximately $400,000, while they expect free cash flow to range between negative $105 million to $115 million. The CEO discussed re-opening ticket sales in Q1 2026 with anticipated price increases from the last price of $600,000. Additionally, Virgin Galactic is exploring potential incremental revenue opportunities with their carrier aircraft in government and research sectors.Decreased Operating Expenses
Year-over-year operating expenses decreased by 21% to $89 million compared to $113 million in the prior year period. This was attributed to a shift in spending from research and development to capital investments.
Strong Cash Position
The company maintained a strong balance sheet with $567 million in cash, cash equivalents, and marketable securities.
SpaceShip Production Progress
Significant progress was made in developing next-generation SpaceShips, with advancements in rocket and propulsion systems, avionics, flight controls, and mechanical systems.
Launch of New Marketing Series
Virgin Galactic plans to launch a new series on their social channels to showcase the SpaceShip building process, engaging customers and investors.
Future Commercial Initiatives
Plans to reopen sales in Q1 2026 with a tailored onboarding experience for new customers and potential increased pricing. Exploration of a second Spaceport in Italy and potential new revenue streams with carrier aircraft adaptations.
Positive Adjusted EBITDA Trend
Adjusted EBITDA improved to negative $72 million from negative $87 million in the prior year period.
SPCE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPCE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $3.35 | $4.80 | +43.28% |
Feb 26, 2025 | $3.84 | $3.83 | -0.26% |
Nov 06, 2024 | $7.12 | $6.28 | -11.80% |
Aug 07, 2024 | $5.27 | $6.01 | +14.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Virgin Galactic Holdings (SPCE) report earnings?
Virgin Galactic Holdings (SPCE) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Virgin Galactic Holdings (SPCE) earnings time?
Virgin Galactic Holdings (SPCE) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPCE EPS forecast?
SPCE EPS forecast for the fiscal quarter 2025 (Q2) is -2.37.
