Virgin Galactic Holdings (SPCE) Operating Expenses (2017 - 2026)
Virgin Galactic Holdings' (SPCE) quarterly Operating Expenses came in at $65.1 million in Q2 2026, down 7.52% year-over-year from $70.3 million in Q2 2025, and up 6.48% quarter-over-quarter from $61.1 million in Q4 2025.
Analysis
Virgin Galactic Holdings (SPCE) Operating Expenses (2017 - 2026) Analysis & Trends
Virgin Galactic Holdings has disclosed Operating Expenses across 10 years of filings, most recently posting $65.1 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 7.52% year-over-year to $65.1 million; the TTM figure through Jun 2026 stood at $263.0 million (down 18.76% YoY), while the FY2025 annual figure was $286.9 million, down 25.22% from the prior year.
- Operating Expenses came in at $65.1 million for Q2 2026 at Virgin Galactic Holdings, up from $61.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $163.8 million in Q1 2023 to a low of $61.1 million in Q4 2025.
- Average Operating Expenses over 5 years is $104.5 million, with a median of $106.0 million recorded in 2024.
- Year-over-year, Operating Expenses soared 89.36% in 2022 and tumbled 33.64% in 2025.
- Over 5 years, Operating Expenses stood at $154.2 million in 2022, then decreased by 24.07% to $117.1 million in 2023, then retreated by 29.63% to $82.4 million in 2024, then dropped by 25.83% to $61.1 million in 2025, then climbed by 6.48% to $65.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $65.1 million in Q2 2026, $61.1 million in Q4 2025, and $66.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Lab | 40.01 Bn | 37.71 Bn | 84.58 Mn | 142.09 Mn |
| 2 | Firefly Aerospace | 3.56 Bn | 2.75 Bn | 23.88 Mn | 119.07 Mn |
| 3 | Redwire | 2.45 Bn | 1.89 Bn | 32.54 Mn | 54.63 Mn |
| 4 | Intuitive Machines | 2.42 Bn | 2.04 Bn | 35.87 Mn | 253.30 Mn |
| 5 | Virgin Galactic Holdings | 325.07 Mn | 325.07 Mn | -28.05 Mn | 65.06 Mn |
| 6 | Sidus Space | 173.34 Mn | 6.82 Mn | -629,723.00 | 5.06 Mn |
| 7 | Starfighters Space | 97.78 Mn | 97.78 Mn | - | 6.45 Mn |
| 8 | Momentus | 48.32 Mn | -59.38 Mn | 25,000.00 | 8.13 Mn |
| 9 | Helio | 40.14 Mn | 39.67 Mn | 122,607.00 | 978,422.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.06 Mn |
| Dec 31, 2025 | 61.10 Mn |
| Sep 30, 2025 | 66.53 Mn |
| Jun 30, 2025 | 70.35 Mn |
| Mar 31, 2025 | 88.91 Mn |
| Dec 31, 2024 | 82.38 Mn |
| Sep 30, 2024 | 82.13 Mn |
| Jun 30, 2024 | 106.01 Mn |
| Mar 31, 2024 | 113.14 Mn |
| Dec 31, 2023 | 117.07 Mn |
| Sep 30, 2023 | 116.00 Mn |
| Jun 30, 2023 | 141.44 Mn |
| Mar 31, 2023 | 163.80 Mn |
| Dec 31, 2022 | 154.18 Mn |
| Sep 30, 2022 | 146.33 Mn |
| Jun 30, 2022 | 110.08 Mn |
| Mar 31, 2022 | 91.71 Mn |
| Dec 31, 2021 | 81.42 Mn |
| Sep 30, 2021 | 85.66 Mn |
| Jun 30, 2021 | 74.47 Mn |