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

Virgin Galactic Holdings (SPCE) reported EBITDA of -$60.8 million for Q4 2025, up 25.83% on a YoY basis from -$48.3 million in Q4 2024, and up 8.13% sequentially from -$66.2 million in Q3 2025.

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

Virgin Galactic Holdings (SPCE) has 9 years of EBITDA data on file, last reported at -$60.8 million in Q4 2025.

  • For the quarter ending Q4 2025, EBITDA rose 25.83% year-over-year to -$60.8 million; the trailing twelve-month figure through Dec 2025 stood at -$285.3 million (up 24.24% YoY), and the FY2025 full-year result was -$285.3 million, up 24.24% from the prior year.
  • EBITDA grew to -$60.8 million in Q4 2025, from -$66.2 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$60.8 million in Q4 2025 to a low of -$163.4 million in Q1 2023.
  • A 5-year average of -$100.6 million and a median of -$89.9 million in 2022 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA plunged 88.62% in 2022 and surged 31.97% in 2024, its largest moves.
  • Tracing SPCE's EBITDA over 5 years: stood at -$81.3 million in 2021, then sank by 88.62% to -$153.3 million in 2022, then advanced by 25.47% to -$114.3 million in 2023, then gained by 28.28% to -$82.0 million in 2024, then advanced by 25.83% to -$60.8 million in 2025.
  • Business Quant data shows SPCE's EBITDA at -$60.8 million in Q4 2025, -$66.2 million in Q3 2025, and -$69.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 General Electric 369.74 Bn 360.40 Bn -3.10 Bn -13.96 Bn
2 Rtx 286.79 Bn 278.48 Bn 9.91 Bn 2.81 Bn
3 Boeing 168.91 Bn 148.89 Bn 2.41 Bn 156.00 Mn
4 Lockheed Martin 132.03 Bn 128.24 Bn 2.45 Bn 2.48 Bn
5 Howmet Aerospace 111.81 Bn 109.37 Bn 854.00 Mn 753.00 Mn
6 General Dynamics 101.89 Bn 97.56 Bn 6.76 Bn 1.46 Bn
7 Northrop Grumman 75.58 Bn 73.27 Bn 3.72 Bn 1.10 Bn
8 TransDigm 72.49 Bn 68.61 Bn 1.51 Bn 1.18 Bn
9 L3Harris Technologies 50.52 Bn 49.93 Bn 1.40 Bn 652.00 Mn
10 Virgin Galactic Holdings 126.06 Mn 126.06 Mn -17.93 Mn -60.79 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -60.79 Mn
Sep 30, 2025 -66.17 Mn
Jun 30, 2025 -69.94 Mn
Mar 31, 2025 -88.45 Mn
Dec 31, 2024 -81.95 Mn
Sep 30, 2024 -81.73 Mn
Jun 30, 2024 -101.79 Mn
Mar 31, 2024 -111.16 Mn
Dec 31, 2023 -114.27 Mn
Sep 30, 2023 -114.27 Mn
Jun 30, 2023 -139.57 Mn
Mar 31, 2023 -163.41 Mn
Dec 31, 2022 -153.31 Mn
Sep 30, 2022 -145.56 Mn
Jun 30, 2022 -109.72 Mn
Mar 31, 2022 -91.39 Mn
Dec 31, 2021 -81.28 Mn
Sep 30, 2021 -83.08 Mn
Jun 30, 2021 -73.90 Mn
Mar 31, 2021 -81.28 Mn