Virgin Galactic Holdings (SPCE) Operating Income (2017 - 2025)
Virgin Galactic Holdings (SPCE) reported Operating Income of -$60.8 million for Q4 2025, up 25.83% on a YoY basis from -$48.3 million in Q4 2024, and up 8.13% sequentially from -$66.2 million in Q3 2025.
Virgin Galactic Holdings (SPCE) Operating Income (2017 - 2025) Analysis & Trends
Virgin Galactic Holdings (SPCE) has 9 years of Operating Income data on file, last reported at -$60.8 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Income rose 25.83% year-over-year to -$60.8 million; the trailing twelve-month figure through Dec 2025 stood at -$285.3 million (up 24.24% YoY), and the FY2025 full-year result was -$285.3 million, up 24.24% from the prior year.
- Operating Income grew to -$60.8 million in Q4 2025, 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.
- A 5-year average of -$100.6 million and a median of -$89.9 million in 2022 frame the typical range for Operating Income.
- Across the five-year window, Operating Income plunged 88.62% in 2022 and surged 31.97% in 2024, its largest moves.
- Tracing SPCE's Operating Income over 5 years: stood at -$81.3 million in 2021, then sank by 88.62% to -$153.3 million in 2022, then advanced by 25.47% to -$114.3 million in 2023, then gained by 28.28% to -$82.0 million in 2024, then advanced by 25.83% to -$60.8 million in 2025.
- Business Quant data shows SPCE's Operating Income at -$60.8 million in Q4 2025, -$66.2 million in Q3 2025, and -$69.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.11 Bn | 363.77 Bn | -3.10 Bn | -13.96 Bn |
| 2 | Rtx | 288.23 Bn | 279.93 Bn | 9.91 Bn | 2.81 Bn |
| 3 | Boeing | 167.89 Bn | 147.87 Bn | 2.41 Bn | 156.00 Mn |
| 4 | Lockheed Martin | 132.16 Bn | 128.37 Bn | 2.45 Bn | 2.48 Bn |
| 5 | Howmet Aerospace | 112.88 Bn | 110.45 Bn | 854.00 Mn | 753.00 Mn |
| 6 | General Dynamics | 102.49 Bn | 98.16 Bn | 6.76 Bn | 1.46 Bn |
| 7 | Northrop Grumman | 75.87 Bn | 73.56 Bn | 3.72 Bn | 1.10 Bn |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 1.18 Bn |
| 9 | L3Harris Technologies | 50.89 Bn | 50.30 Bn | 1.40 Bn | 652.00 Mn |
| 10 | Virgin Galactic Holdings | 127.85 Mn | 127.85 Mn | -17.93 Mn | -60.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |