Virgin Galactic Holdings (SPCE) Free Cash Flow (2017 - 2025)
Virgin Galactic Holdings' (SPCE) quarterly Free Cash Flow came in at -$94.6 million in Q4 2025, up 18.94% year-on-year from -$79.6 million in Q4 2024, and up 12.21% quarter-over-quarter from -$107.8 million in Q3 2025.
Virgin Galactic Holdings (SPCE) Free Cash Flow (2017 - 2025) Analysis & Trends
Virgin Galactic Holdings has disclosed Free Cash Flow across 9 years of filings, most recently posting -$94.6 million for Q4 2025.
- Free Cash Flow for Q4 2025 came in at -$94.6 million, up 18.94% year-over-year; the trailing twelve-month figure through Dec 2025 was -$438.2 million (up 7.66% YoY), and the FY2025 annual result was -$438.2 million, up 7.66% from the prior year.
- Free Cash Flow came in at -$94.6 million for Q4 2025 at Virgin Galactic Holdings, up from -$107.8 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$49.6 million in Q1 2021 to a low of -$138.8 million in Q1 2023.
- The 5-year median for Free Cash Flow is -$110.7 million (2024), against an average of -$101.9 million.
- Across the five-year window, Free Cash Flow tumbled 104.7% in 2023 and rose 18.94% in 2025, its largest moves.
- Virgin Galactic Holdings' Free Cash Flow stood at -$67.3 million in 2021, then sank by 101.2% to -$135.4 million in 2022, then increased by 16.06% to -$113.7 million in 2023, then fell by 2.7% to -$116.7 million in 2024, then grew by 18.94% to -$94.6 million in 2025.
- The last three Free Cash Flow figures came in at -$94.6 million (Q4 2025), -$107.8 million (Q3 2025), and -$113.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | -1.24 Mn |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 1.49 Bn |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 1.31 Bn |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | -1.45 Bn |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | -291.00 Mn |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 359.00 Mn |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 1.95 Bn |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | -1.82 Bn |
| 10 | Virgin Galactic Holdings | 181.91 Mn | 181.91 Mn | -17.93 Mn | -94.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |