Virgin Galactic Holdings (SPCE) EBITDA (2017 - 2025)

Virgin Galactic Holdings (SPCE) posted EBITDA of -$62.8 million for Q4 2025, up 2.14% sequentially from -$64.2 million in Q3 2025, and up 18.83% YoY from -$52.9 million in Q4 2024.

Virgin Galactic Holdings (SPCE) EBITDA (2017 - 2025) Analysis & Trends

Virgin Galactic Holdings (SPCE) has 9 years of EBITDA data on file, last reported at -$62.8 million in Q4 2025.

  • Quarterly EBITDA rose 18.83% year-over-year to -$62.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$279.1 million (up 19.54% YoY) and the FY2025 annual result came in at -$279.1 million, up 19.54% from the prior year.
  • EBITDA rose to -$62.8 million in Q4 2025 per SPCE's latest filing, from -$64.2 million in the prior quarter.
  • The five-year high for EBITDA was -$48.8 million in Q3 2021, with the low at -$156.2 million in Q1 2023.
  • Average EBITDA over 5 years is -$99.0 million, with a median of -$96.5 million recorded in 2021.
  • Year-over-year, EBITDA jumped 65.59% in 2021 and tumbled 199.82% in 2022.
  • Virgin Galactic Holdings' EBITDA stood at -$82.2 million in 2021, then slumped by 79.63% to -$147.7 million in 2022, then soared by 30.75% to -$102.3 million in 2023, then gained by 24.37% to -$77.4 million in 2024, then advanced by 18.83% to -$62.8 million in 2025.
  • Business Quant data shows SPCE's EBITDA at -$62.8 million in Q4 2025, -$64.2 million in Q3 2025, and -$67.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn 448.00 Mn
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 2.56 Bn
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 1.42 Bn
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn 2.06 Bn
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 753.00 Mn
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 1.18 Bn
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn 870.00 Mn
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn -46.03 Mn
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn 652.00 Mn
10 Virgin Galactic Holdings 143.99 Mn 143.99 Mn -17.93 Mn -62.81 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -62.81 Mn
Sep 30, 2025 -64.18 Mn
Jun 30, 2025 -67.39 Mn
Mar 31, 2025 -84.67 Mn
Dec 31, 2024 -77.38 Mn
Sep 30, 2024 -72.72 Mn
Jun 30, 2024 -93.86 Mn
Mar 31, 2024 -102.88 Mn
Dec 31, 2023 -102.30 Mn
Sep 30, 2023 -103.64 Mn
Jun 30, 2023 -132.45 Mn
Mar 31, 2023 -156.25 Mn
Dec 31, 2022 -147.74 Mn
Sep 30, 2022 -146.32 Mn
Jun 30, 2022 -112.69 Mn
Mar 31, 2022 -98.86 Mn
Dec 31, 2021 -82.25 Mn
Sep 30, 2021 -48.80 Mn
Jun 30, 2021 -94.06 Mn
Mar 31, 2021 -129.67 Mn