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

Virgin Galactic Holdings recorded quarterly Free Cash Flow of -$94.6 million in Q4 2025, up 12.21% quarter-over-quarter from -$107.8 million in Q3 2025, and up 18.94% year-over-year from -$79.6 million in Q4 2024.

Virgin Galactic Holdings' Free Cash Flow history runs 9 years deep, the most recent figure standing at -$94.6 million for Q4 2025.

  • In Q4 2025, Free Cash Flow rose 18.94% year-over-year to -$94.6 million; the TTM figure through Dec 2025 stood at -$438.2 million (up 7.66% YoY), while the FY2025 annual figure 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.
  • A 5-year average of -$101.9 million and a median of -$110.7 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow slumped 104.7% in 2023 and gained 18.94% in 2025, its largest moves.
  • Virgin Galactic Holdings' Free Cash Flow stood at -$67.3 million in 2021, then plunged by 101.2% to -$135.4 million in 2022, then rose by 16.06% to -$113.7 million in 2023, then retreated by 2.7% to -$116.7 million in 2024, then increased by 18.94% to -$94.6 million in 2025.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$94.6 million, -$107.8 million, and -$113.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 General Electric 316.77 Bn 306.03 Bn 9.11 Bn 1.49 Bn
2 Rtx 238.61 Bn 233.51 Bn 9.08 Bn 1.31 Bn
3 Boeing 172.59 Bn 151.68 Bn 2.55 Bn -1.45 Bn
4 Lockheed Martin 122.59 Bn 120.70 Bn 2.08 Bn -291.00 Mn
5 Howmet Aerospace 102.88 Bn 100.44 Bn 854.00 Mn 359.00 Mn
6 General Dynamics 92.64 Bn 88.99 Bn 9.09 Bn 1.95 Bn
7 Rocket Lab 82.19 Bn 80.92 Bn 76.49 Mn -71.46 Mn
8 Northrop Grumman 78.95 Bn 76.86 Bn 3.45 Bn -1.82 Bn
9 TransDigm 70.63 Bn 66.75 Bn 1.51 Bn 64.00 Mn
10 Virgin Galactic Holdings 166.02 Mn 166.02 Mn -17.93 Mn -94.63 Mn

Historic Data

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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
Jun 30, 2023 -135.17 Mn
Jun 30, 2023 -135.17 Mn
Mar 31, 2023 -138.84 Mn
Mar 31, 2023 -138.84 Mn
Dec 31, 2022 -135.43 Mn
Dec 31, 2022 -135.43 Mn
Sep 30, 2022 -102.05 Mn
Sep 30, 2022 -102.05 Mn
Jun 30, 2022 -91.43 Mn
Jun 30, 2022 -91.43 Mn
Mar 31, 2022 -67.82 Mn
Mar 31, 2022 -67.82 Mn
Dec 31, 2021 -67.31 Mn
Dec 31, 2021 -67.31 Mn
Sep 30, 2021 -52.97 Mn
Sep 30, 2021 -52.97 Mn
Jun 30, 2021 -65.53 Mn
Jun 30, 2021 -65.53 Mn
Mar 31, 2021 -49.59 Mn
Mar 31, 2021 -49.59 Mn
Dec 31, 2020 -73.64 Mn
Dec 31, 2020 -73.64 Mn
Sep 30, 2020 -58.70 Mn
Sep 30, 2020 -58.70 Mn
Jun 30, 2020 -57.68 Mn
Jun 30, 2020 -57.68 Mn
Mar 31, 2020 -60.35 Mn
Mar 31, 2020 -60.35 Mn
Dec 31, 2019 -81.00 Mn
Dec 31, 2019 -81.00 Mn
Sep 30, 2019 -44.79 Mn
Sep 30, 2019 -44.79 Mn
Jun 30, 2019 -51.23 Mn
Jun 30, 2019 -51.23 Mn
Mar 31, 2019 -45.94 Mn
Mar 31, 2019 -45.94 Mn
Dec 31, 2018 -144.90 Mn
Dec 31, 2018 -144.90 Mn
Sep 30, 2018 -41,496.00
Sep 30, 2018 -41,496.00
Jun 30, 2018 -536,514.00
Jun 30, 2018 -536,514.00
Mar 31, 2018 -220,366.00
Mar 31, 2018 -220,366.00
Dec 31, 2017 -652,695.00
Dec 31, 2017 -652,695.00
Sep 30, 2017 -504,907.00
Sep 30, 2017 -504,907.00
Jun 30, 2017 -5,406.00
Jun 30, 2017 -5,406.00