Virgin Galactic Holdings (SPCE) Free Cash Flow (2017 - 2025)

Virgin Galactic Holdings (SPCE) posted Free Cash Flow of -$94.6 million for Q4 2025, up 12.21% sequentially from -$107.8 million in Q3 2025, and up 18.94% YoY from -$79.6 million in Q4 2024.

Virgin Galactic Holdings (SPCE) Free Cash Flow (2017 - 2025) Analysis & Trends

Virgin Galactic Holdings (SPCE) has 9 years of Free Cash Flow data on file, last reported at -$94.6 million in Q4 2025.

  • Quarterly Free Cash Flow rose 18.94% year-over-year to -$94.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$438.2 million (up 7.66% YoY) and the FY2025 annual result came in at -$438.2 million, up 7.66% from the prior year.
  • Free Cash Flow climbed to -$94.6 million in Q4 2025 per SPCE's latest filing, from -$107.8 million in the prior quarter.
  • The five-year high for Free Cash Flow was -$49.6 million in Q1 2021, with the low at -$138.8 million in Q1 2023.
  • Average Free Cash Flow over 5 years is -$101.9 million, with a median of -$110.7 million recorded in 2024.
  • Year-over-year, Free Cash Flow sank 104.7% in 2023 and grew 18.94% in 2025.
  • Virgin Galactic Holdings' Free Cash Flow stood at -$67.3 million in 2021, then slumped by 101.2% to -$135.4 million in 2022, then advanced by 16.06% to -$113.7 million in 2023, then slipped by 2.7% to -$116.7 million in 2024, then gained by 18.94% to -$94.6 million in 2025.
  • Business Quant data shows SPCE's Free Cash Flow at -$94.6 million in Q4 2025, -$107.8 million in Q3 2025, and -$113.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn -1.45 Bn
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 1.31 Bn
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 1.95 Bn
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn -291.00 Mn
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 359.00 Mn
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 64.00 Mn
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn -1.82 Bn
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn -71.46 Mn
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn -194.00 Mn
10 Virgin Galactic Holdings 143.99 Mn 143.99 Mn -17.93 Mn -94.63 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -94.63 Mn
Dec 31, 2025 -94.63 Mn
Sep 30, 2025 -107.79 Mn
Sep 30, 2025 -107.79 Mn
Jun 30, 2025 -113.81 Mn
Jun 30, 2025 -113.81 Mn
Mar 31, 2025 -121.97 Mn
Mar 31, 2025 -121.97 Mn
Dec 31, 2024 -116.74 Mn
Dec 31, 2024 -116.74 Mn
Sep 30, 2024 -117.97 Mn
Sep 30, 2024 -117.97 Mn
Jun 30, 2024 -113.55 Mn
Jun 30, 2024 -113.55 Mn
Mar 31, 2024 -126.30 Mn
Mar 31, 2024 -126.30 Mn
Dec 31, 2023 -113.68 Mn
Dec 31, 2023 -113.68 Mn
Sep 30, 2023 -104.82 Mn
Sep 30, 2023 -104.82 Mn