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

Virgin Galactic Holdings (SPCE) has 9 years of Operating Expenses data on file, last reported at $61.1 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 25.83% year-over-year to $61.1 million; the trailing twelve-month figure through Dec 2025 stood at $286.9 million (down 25.22% YoY), and the FY2025 full-year result was $286.9 million, down 25.22% from the prior year.
• Operating Expenses declined to $61.1 million in Q4 2025, 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.
• A 5-year average of $101.7 million and a median of $90.3 million in 2022 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses surged 89.36% in 2022 and slumped 33.64% in 2025, its largest moves.
• Tracing SPCE's Operating Expenses over 5 years: stood at $81.4 million in 2021, then surged by 89.36% to $154.2 million in 2022, then retreated by 24.07% to $117.1 million in 2023, then fell by 29.63% to $82.4 million in 2024, then slipped by 25.83% to $61.1 million in 2025.
• Business Quant data shows SPCE's Operating Expenses at $61.1 million in Q4 2025, $66.5 million in Q3 2025, and $70.3 million in Q2 2025.