Earnings summaries and quarterly performance for Virgin Galactic Holdings.
Executive leadership at Virgin Galactic Holdings.
Michael Colglazier
Detailed
Chief Executive Officer and President
CEO
AC
Aparna Chitale
Detailed
Chief People Officer and Executive Vice President, Customer Operations
DA
Doug Ahrens
Detailed
Chief Financial Officer and Treasurer
SK
Sarah Kim
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
Board of directors at Virgin Galactic Holdings.
Research analysts who have asked questions during Virgin Galactic Holdings earnings calls.
GK
Greg Konrad
Jefferies Financial Group Inc.
4 questions for SPCE
Also covers: AVAV, CAE, CDRE +4 more
Michael Leshock
KeyBanc Capital Markets
4 questions for SPCE
Also covers: AIR, HAYN, RKLB +1 more
MW
Myles Walton
Wolfe Research, LLC
4 questions for SPCE
Also covers: , ATI, B +19 more
OC
Oliver Chen
TD Cowen
3 questions for SPCE
Also covers: BJ, BRLT, COST +21 more
Gregory Dahlberg
Wolfe Research, LLC
1 question for SPCE
Also covers: B, SARO, WLFC
TN
Thomas Nass
TD Cowen
1 question for SPCE
Also covers: BJ, GO
Recent press releases and 8-K filings for SPCE.
Virgin Galactic Holdings, Inc. Enters Registration Rights Agreement for New Notes and Warrants
SPCE
Debt Issuance
- Virgin Galactic Holdings, Inc. (SPCE) entered into a Registration Rights Agreement on December 18, 2025, in connection with $212,496,000 of 9.80% first lien notes due 2028 and associated warrants.
- The warrants are exercisable for Common Stock at an exercise price of $6.696, with an exercisability date of June 18, 2026.
- The agreement grants holders registration rights for the Common Stock issuable upon warrant exercise and for shares issued to redeem a portion of the notes.
- As of November 6, 2025, the company had 63,200,245 shares of Common Stock issued and outstanding.
- A 4.9% beneficial ownership limitation applies to Common Stock issued during note redemptions.
Dec 18, 2025, 10:27 PM
Virgin Galactic Announces Capital Realignment Transactions
SPCE
Debt Issuance
New Projects/Investments
- Virgin Galactic Holdings, Inc. announced capital realignment transactions to repurchase and retire approximately $355 million in aggregate principal amount of its 2.50% convertible senior notes due 2027.
- These transactions are expected to reduce the Company's indebtedness by approximately $152 million, decreasing the outstanding principal amount from $425 million to $273 million.
- The company will issue approximately $203 million aggregate principal amount of new 9.80% First Lien Notes due 2028, extending the final maturity for the majority of its remaining debt to December 31, 2028.
- To fund the repurchase, Virgin Galactic will also issue and sell approximately $46 million of common stock and pre-funded warrants in a registered direct offering.
- The closing of these transactions is scheduled for on or about December 18, 2025.
Dec 9, 2025, 12:37 PM
Virgin Galactic Repurchases Debt, Raises Capital, and Extends Maturity
SPCE
Debt Issuance
- Virgin Galactic Holdings announced in December 2025 that it entered into agreements to repurchase approximately $355 million of its convertible notes due 2027, which will reduce its indebtedness by around $152 million.
- These transactions include a registered offering to issue about $46 million in shares and pre-funded warrants, and a private placement of $203 million in new notes and purchase warrants, aiming to extend the maturity of remaining debt to 2028.
- The company also entered into an Open Market Sale Agreement with Jefferies LLC on November 6, 2024, allowing for the sale of up to approximately $45.6 million of common stock.
- Despite these financial restructuring efforts, Virgin Galactic's stock is rated as a Hold with a Neutral outlook due to weak financial performance and challenges in profitability and cash flow.
Dec 9, 2025, 12:14 PM
Virgin Galactic Announces Capital Realignment Transactions
SPCE
Debt Issuance
Share Buyback
- Virgin Galactic has announced capital realignment transactions to reduce its outstanding principal indebtedness and extend the maturity of its debt.
- The company plans to repurchase approximately $355 million in aggregate principal amount of its 2.50% convertible senior notes due 2027.
- These transactions are expected to reduce the company's indebtedness by approximately $152 million, bringing the outstanding principal amount of indebtedness to $273 million from $425 million.
- To facilitate these transactions, Virgin Galactic will issue approximately $203 million aggregate principal amount of new 9.80% First Lien Notes due December 31, 2028, and sell approximately $46 million of common stock and pre-funded warrants.
- The closing of these transactions is scheduled to occur on or about December 18, 2025.
Dec 9, 2025, 12:00 PM
Virgin Galactic Announces Q3 2025 Financial Results
SPCE
Earnings
Guidance Update
- Virgin Galactic reported revenue of $0.4 million for Q3 2025, consistent with Q3 2024, and a net loss of $64 million, an improvement from $75 million in the prior year period.
- Adjusted EBITDA was $(53) million and free cash flow was $(108) million for Q3 2025, both showing improvement compared to the prior year period.
- The company raised $23 million in gross proceeds through an at-the-market equity offering program.
- For Q4 2025, free cash flow is expected to be in the range of $(90) million to $(100) million.
Nov 13, 2025, 10:00 PM
Virgin Galactic Reports Q3 2025 Financials and Updates Spaceship Program Timeline
SPCE
Earnings
Guidance Update
New Projects/Investments
- Virgin Galactic reported Q3 2025 revenue of $400,000, a net loss of $64 million, and negative free cash flow of $108 million. The company maintained a strong balance sheet with $424 million in cash, cash equivalents, and marketable securities.
- The flight test program is scheduled to commence in Q3 2026, with the first spaceflight and commercial service launch targeted for Q4 2026. The fuselage remains the critical path for the spaceship program.
- A new oxidizer tank has been qualified for 500 or more spaceflights, significantly enhancing reusability for the Delta class spaceships. The upgraded Eve launch vehicle is expected to support 125 space missions per year with the first two spaceships.
- For Q4 2025, revenue is projected at approximately $300,000, with free cash flow expected to be between negative $90 million and $100 million. The long-term economic model anticipates $450 million in annual revenue and $100 million in Adjusted EBITDA with two spaceships.
Nov 13, 2025, 10:00 PM
Virgin Galactic Announces Q3 2025 Financial Results and Business Update
SPCE
Earnings
Guidance Update
New Projects/Investments
- Virgin Galactic reported a net loss of $64 million for Q3 2025, an improvement from a $75 million net loss in Q3 2024, with revenue of $0.4 million for both periods.
- The company maintained a cash, cash equivalents and marketable securities position of $424 million as of September 30, 2025.
- The flight test program is on track to commence in Q3 2026, with the first commercial spaceflight expected in Q4 2026.
- Production of the first SpaceShip is progressing, with 90% of structural parts anticipated in the factory by Q4 2025, and sales for new SpaceShips expected to begin in Q1 2026.
- For Q4 2025, free cash flow is projected to be between $(90) million and $(100) million.
Nov 13, 2025, 9:09 PM
Quarterly earnings call transcripts for Virgin Galactic Holdings.
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