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-over-year from -$79.6 million in Q4 2024, and up 12.21% quarter-over-quarter from -$107.8 million in Q3 2025.
Analysis
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.
- 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.
- 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 slumped 104.7% in 2023 and gained 18.94% in 2025.
- Over 5 years, Free Cash Flow stood at -$67.3 million in 2021, then tumbled 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.
- Per Business Quant data, the three most recent Free Cash Flow figures were -$94.6 million in Q4 2025, -$107.8 million in Q3 2025, and -$113.8 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Lab | 39.00 Bn | 36.70 Bn | 84.58 Mn | -110.12 Mn |
| 2 | Firefly Aerospace | 3.37 Bn | 2.56 Bn | 23.88 Mn | -106.31 Mn |
| 3 | Redwire | 2.39 Bn | 1.83 Bn | 32.54 Mn | -33.47 Mn |
| 4 | Intuitive Machines | 2.36 Bn | 1.98 Bn | 35.87 Mn | -80.96 Mn |
| 5 | Virgin Galactic Holdings | 321.20 Mn | 321.20 Mn | -28.05 Mn | - |
| 6 | Sidus Space | 170.53 Mn | 4.01 Mn | -629,723.00 | -7.11 Mn |
| 7 | Starfighters Space | 93.78 Mn | 93.78 Mn | - | -6.10 Mn |
| 8 | Momentus | 47.19 Mn | -60.51 Mn | 25,000.00 | -9.13 Mn |
| 9 | Helio | 40.15 Mn | 39.69 Mn | 122,607.00 | -1.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -94.63 Mn |
| Sep 30, 2025 | -107.79 Mn |
| Jun 30, 2025 | -113.81 Mn |
| Mar 31, 2025 | -121.97 Mn |
| Dec 31, 2024 | -116.74 Mn |
| Sep 30, 2024 | -117.97 Mn |
| Jun 30, 2024 | -113.55 Mn |
| Mar 31, 2024 | -126.30 Mn |
| Dec 31, 2023 | -113.68 Mn |
| Sep 30, 2023 | -104.82 Mn |
| Jun 30, 2023 | -135.17 Mn |
| Mar 31, 2023 | -138.84 Mn |
| Dec 31, 2022 | -135.43 Mn |
| Sep 30, 2022 | -102.05 Mn |
| Jun 30, 2022 | -91.43 Mn |
| Mar 31, 2022 | -67.82 Mn |
| Dec 31, 2021 | -67.31 Mn |
| Sep 30, 2021 | -52.97 Mn |
| Jun 30, 2021 | -65.53 Mn |
| Mar 31, 2021 | -49.59 Mn |