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

Virgin Galactic Holdings' (SPCE) quarterly Operating Income came in at -$60.8 million in Q4 2025, up 25.83% year-on-year from -$48.3 million in Q4 2024, and up 8.13% quarter-over-quarter from -$66.2 million in Q3 2025.

Virgin Galactic Holdings (SPCE) Operating Income (2017 - 2025) Analysis & Trends

Virgin Galactic Holdings has disclosed Operating Income across 9 years of filings, most recently posting -$60.8 million for Q4 2025.

  • Operating Income for Q4 2025 came in at -$60.8 million, up 25.83% year-over-year; the trailing twelve-month figure through Dec 2025 was -$285.3 million (up 24.24% YoY), and the FY2025 annual result was -$285.3 million, up 24.24% from the prior year.
  • Operating Income came in at -$60.8 million for Q4 2025 at Virgin Galactic Holdings, up from -$66.2 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$60.8 million in Q4 2025 to a low of -$163.4 million in Q1 2023.
  • The 5-year median for Operating Income is -$89.9 million (2022), against an average of -$100.6 million.
  • Across the five-year window, Operating Income slumped 88.62% in 2022 and surged 31.97% in 2024, its largest moves.
  • Virgin Galactic Holdings' Operating Income stood at -$81.3 million in 2021, then plunged by 88.62% to -$153.3 million in 2022, then climbed by 25.47% to -$114.3 million in 2023, then advanced by 28.28% to -$82.0 million in 2024, then climbed by 25.83% to -$60.8 million in 2025.
  • The last three Operating Income figures came in at -$60.8 million (Q4 2025), -$66.2 million (Q3 2025), and -$69.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 -1.39 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn -1.07 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 2.56 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn 448.00 Mn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn 2.06 Bn
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 753.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 1.42 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn 989.00 Mn
10 Virgin Galactic Holdings 181.91 Mn 181.91 Mn -17.93 Mn -60.79 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -60.79 Mn
Sep 30, 2025 -66.17 Mn
Jun 30, 2025 -69.94 Mn
Mar 31, 2025 -88.45 Mn
Dec 31, 2024 -81.95 Mn
Sep 30, 2024 -81.73 Mn
Jun 30, 2024 -101.79 Mn
Mar 31, 2024 -111.16 Mn
Dec 31, 2023 -114.27 Mn
Sep 30, 2023 -114.27 Mn
Jun 30, 2023 -139.57 Mn
Mar 31, 2023 -163.41 Mn
Dec 31, 2022 -153.31 Mn
Sep 30, 2022 -145.56 Mn
Jun 30, 2022 -109.72 Mn
Mar 31, 2022 -91.39 Mn
Dec 31, 2021 -81.28 Mn
Sep 30, 2021 -83.08 Mn
Jun 30, 2021 -73.90 Mn
Mar 31, 2021 -81.28 Mn