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.

• Quarterly Operating Expenses fell 25.83% year-over-year to $61.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $286.9 million (down 25.22% YoY) and the FY2025 annual result came in at $286.9 million, down 25.22% from the prior year.
• Operating Expenses declined to $61.1 million in Q4 2025 per SPCE's latest filing, from $66.5 million in the prior quarter.
• The five-year high for Operating Expenses was $163.8 million in Q1 2023, with the low at $61.1 million in Q4 2025.
• Average Operating Expenses over 5 years is $101.7 million, with a median of $90.3 million recorded in 2022.
• Year-over-year, Operating Expenses soared 89.36% in 2022 and slumped 33.64% in 2025.
• Virgin Galactic Holdings' Operating Expenses stood at $81.4 million in 2021, then soared by 89.36% to $154.2 million in 2022, then declined by 24.07% to $117.1 million in 2023, then dropped by 29.63% to $82.4 million in 2024, then retreated 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.