Virgin Galactic Holdings, Inc. (SPCE) Stock

Virgin Galactic Holdings, Inc. (SPCE) is a Industrials stock trading at $3.01 (as of 2026-08-24), with a market capitalization of $303.06M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Virgin Galactic Holdings, Inc. develops, manufactures, and operates spacecraft and related technologies for commercial human spaceflight and for conducting research and development payload flights into space. It performs ground and flight testing and post-flight maintenance of its spaceflight system vehicles, serving private individuals, researchers, and government agencies.

Understand Virgin Galactic Holdings, Inc.: how it makes money

Virgin Galactic develops, manufactures, and operates spaceflight systems to deliver commercial human spaceflight and related research missions, earning money from subscription arrangements and fees tied to future astronaut access.

The company’s profit potential depends on converting its backlog of committed future astronaut access into completed flights, which is reflected in Remaining Performance Obligations.

Revenue by segment (latest quarter)
Subs$3.0B
FutureAccess$0.0B

Business quality (Weak): The provided operating and backlog KPIs are specific, but the latest-quarter revenue_b is shown as 0.0B while the candidate segment revenue inputs imply Subscription Revenue of 3.0B, and margins are extremely negative, so the financial picture in this dataset should be treated cautiously.

Bull case

  • Backlog of committed revenue: Remaining Performance Obligations are 22.1 USD_B, with 10.31 USD_B classified as Current Remaining Performance Obligations.
  • Customer retention signal: Renewal Rate is 98 percent.

Bear case

  • Weak reported profitability in the latest quarter: For 2026-03-31, gross_margin_pct and operating_margin_pct are both deeply negative (gross_margin_pct -12957.3, operating_margin_pct -28895.2).
  • Potential revenue timing mismatch: The latestQuarter financials show revenue_b of 0.0B, while the dataset also lists Subscription Revenue of 3.0 USD_B, and Future Astronaut Access Fees are 0.0 USD_B.
Valuation — source: SEC EDGAR (first-party)
Price$3.01
Market Cap$303.06M
Price / Book0.77
Price / Sales318.00
FCF Yield-235.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.54M
Net Margin-18063.9%
Revenue Growth (YoY)-78.1%
EPS Growth (YoY)-60.8%
FCF Growth (YoY)-7.7%
Financial Health — source: SEC EDGAR
Altman Z-Score-5.44 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($9.52M)
Institutional Holders Tracked10
Congressional Trades (recent)8
Company
SectorIndustrials
IndustryTransportation
CEOMichael A. Colglazier
Employees744
CountryUS
IPO Date2017-09-29

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SPCE earnings history · SPCE institutional & insider holders · SPCE KPIs & operating metrics · SPCE financials · SPCE investor presentations & press releases · SPCE SEC filings · SPCE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.