Virgin Galactic
Develops and operates runway-launched suborbital flights for private astronauts and research customers.
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Profile
Runs a runway-launched SpaceShip system for private astronauts and research missions, following a short commercial season with VSS Unity. The business is rebuilding around Delta-class vehicles intended to restore commercial operations.
Builds and operates a runway-launched air-and-space vehicle system serving private individuals, researchers and professional astronauts from Spaceport America. Flights take off and land on a runway; the model is neither orbital transport nor a satellite-launch service.
Commercial service began after years of testing and a material prototype accident. VSS Unity later completed its final commercial flight, ending its commercial season. The listed parent entered public markets through a SPAC merger, not a conventional operating-company IPO.
Work now centers on Delta-class vehicles, with testing and commercial-service timing remaining management targets. The business depends on next-generation vehicle development and testing, capital requirements, and financing availability.
Company facts
Categories
Key statistics
Year to date −10.8% · Average volume (30d) 7.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 13, 2026 | Morgan Stanley | Reiterate | Underweight | $2.30 | $2 |
| Apr 10, 2026 | Susquehanna | Reiterate | Neutral | $3.50 | $3 |
| Jan 15, 2026 | Susquehanna | Target | $4 | $3.50 | |
| Dec 12, 2025 | Morgan Stanley | Reiterate | Underweight | $5 | $2.30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.64 | −$0.50 | +22.2% | $126.7K | $134.0K | +5.8% | −4.85% |
| May 14, 2026Q1 FY26 | −$0.79 | −$0.81 | −2.5% | $200.0K | $227.0K | +13.5% | −2.43% |
| Mar 30, 2026Q4 FY25 | −$1.04 | −$0.98 | +5.3% | $412.5K | $312.0K | −24.4% | +11.98% |
| Nov 13, 2025Q3 FY25 | −$1.51 | −$1.09 | +27.8% | $412.5K | $365.0K | −11.5% | +10.88% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $461.0K | $406.0K | $365.0K | $312.0K | $227.0K | $134.0K | |
| Gross profit | −$24.6M | −$18.0M | −$23.2M | −$21.9M | −$33.3M | −$28.0M | |
| Operating income | −$88.4M | −$69.9M | −$63.8M | −$60.9M | −$65.6M | −$64.9M | |
| Net income | −$84.5M | −$67.3M | −$64.4M | −$62.7M | −$64.7M | −$55.9M | |
| Diluted EPS | −$2.38 | −$1.47 | −$1.09 | −$0.98 | −$0.81 | −$0.50 | |
| Gross margin | -5,333.6% | -4,426.4% | -6,369.6% | -7,019.9% | -14,682.4% | -20,931.3% | |
| Operating margin | -19,186.1% | -17,227.1% | -17,470.1% | -19,531.1% | -28,895.2% | -48,452.2% |
Fiscal years (4-quarter sums)FY21 $3.3M · FY22 $2.3M · FY23 $6.8M · FY24 $7.0M · FY25 $1.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $255.1M · Total debt $265.3M · Total assets $816.3M · Shareholders' equity $396.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 128.54M · Float 100.13M · 77.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.19M | 6.10% | 13G | Jul 30, 2026 |
| State Street Corporation | 7.93M | 7.90% | 13G | Aug 7, 2026 |
| Context Capital Management, LLC | 6.56M | 5.10% | 13F | Jul 23, 2026 |
| Vanguard Capital Management | 5.13M | 5.09% | 13G | Jul 31, 2026 |
| UBS Group AG | 3.50M | 2.72% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 19, 2026 | Diana S. Strandberg | director | +20,000 | $2.49 |
Peers
- SpaceX
Orbital private-astronaut flights and ISS research access
- Boeing
Orbital crew transport and ISS research capability via Starliner
- Voyager Technologies
Private-astronaut mission services and commercial LEO research access
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Virgin Galactic | $2.92 | −0.51% | $377.9M | — | — | 364.1 | −67.0% |
| SpaceX | $140.95 | −0.39% | $1.85T | — | 98.7 | 111.6 | — |
| Boeing | $209.76 | −0.03% | $165.84B | 90.8 | 152.1 | 1.8 | +8.0% |
| Voyager Technologies | $34.18 | −0.48% | $2.08B | — | — | 11.9 | +15.5% |
| Median | 90.8 | 125.4 | 11.9 | +11.7% |





