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
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