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 has reported Free Cash Flow for 9 years, with the latest figure 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.
- Over five years, Free Cash Flow peaked at -$49.6 million in Q1 2021 and troughed at -$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.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow tumbled 104.7% in 2023, then advanced 18.94% in 2025.
- Over 5 years, Free Cash Flow stood at -$67.3 million in 2021, then sank by 101.2% to -$135.4 million in 2022, then gained by 16.06% to -$113.7 million in 2023, then decreased by 2.7% to -$116.7 million in 2024, then rose 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | 2.92 Bn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 2.88 Bn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 631.00 Mn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | 2.92 Bn |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 479.00 Mn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | 1.65 Bn |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | 978.00 Mn |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | 650.00 Mn |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | -972,000.00 |
| 10 | Virgin Galactic Holdings | 340.73 Mn | 340.73 Mn | -28.05 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 |