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

Virgin Galactic Holdings' Operating Expenses history runs 9 years deep, the most recent figure standing at $61.1 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 25.83% year-over-year to $61.1 million; the TTM figure through Dec 2025 stood at $286.9 million (down 25.22% YoY), while the FY2025 annual figure 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.
• 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 soared 89.36% in 2022 and tumbled 33.64% in 2025, its largest moves.
• Virgin Galactic Holdings' Operating Expenses stood at $81.4 million in 2021, then jumped by 89.36% to $154.2 million in 2022, then slipped by 24.07% to $117.1 million in 2023, then decreased by 29.63% to $82.4 million in 2024, then declined by 25.83% to $61.1 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $61.1 million, $66.5 million, and $70.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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