Virgin Galactic Holdings (SPCE) Operating Expenses (2017 - 2025)

Virgin Galactic Holdings has disclosed Operating Expenses across 9 years of filings, most recently posting $61.1 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $61.1 million, down 25.83% year-over-year; the trailing twelve-month figure through Dec 2025 was $286.9 million (down 25.22% YoY), and the FY2025 annual result was $286.9 million, down 25.22% from the prior year.
• Operating Expenses came in at $61.1 million for Q4 2025 at Virgin Galactic Holdings, down from $66.5 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.
• The 5-year median for Operating Expenses is $90.3 million (2022), against an average of $101.7 million.
• Across the five-year window, Operating Expenses surged 89.36% in 2022 and plunged 33.64% in 2025, its largest moves.
• Virgin Galactic Holdings' Operating Expenses stood at $81.4 million in 2021, then soared by 89.36% to $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.
• The last three Operating Expenses figures came in at $61.1 million (Q4 2025), $66.5 million (Q3 2025), and $70.3 million (Q2 2025), per Business Quant data.