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| 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 |