Virgin Galactic Holdings (SPCE) Research & Development (2019 - 2026)
Virgin Galactic Holdings' (SPCE) quarterly Research & Development came in at $4.3 million in Q2 2026, down 78.44% year-over-year from $20.1 million in Q2 2025, and down 64.09% quarter-over-quarter from $12.1 million in Q4 2025.
Analysis
Virgin Galactic Holdings (SPCE) Research & Development (2019 - 2026) Analysis & Trends
Virgin Galactic Holdings has disclosed Research & Development across 8 years of filings, most recently posting $4.3 million for Q2 2026.
- In Q2 2026, Research & Development fell 78.44% year-over-year to $4.3 million; the TTM figure through Jun 2026 stood at $51.5 million (down 51.24% YoY), while the FY2025 annual figure was $80.5 million, down 47.3% from the prior year.
- Research & Development came in at $4.3 million for Q2 2026 at Virgin Galactic Holdings, down from $12.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $109.9 million in Q1 2023 to a low of $4.3 million in Q2 2026.
- Average Research & Development over 5 years is $49.8 million, with a median of $44.8 million recorded in 2023.
- Year-over-year, Research & Development jumped 184.09% in 2022 and sank 78.44% in 2026.
- Over 5 years, Research & Development stood at $102.6 million in 2022, then plunged by 47.51% to $53.8 million in 2023, then sank by 47.56% to $28.2 million in 2024, then slumped by 57.21% to $12.1 million in 2025, then sank by 64.09% to $4.3 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $4.3 million in Q2 2026, $12.1 million in Q4 2025, and $15.0 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Lab | 39.75 Bn | 37.45 Bn | 84.58 Mn | 82.43 Mn |
| 2 | Firefly Aerospace | 3.53 Bn | 2.72 Bn | 23.88 Mn | 71.53 Mn |
| 3 | Intuitive Machines | 2.43 Bn | 2.05 Bn | 35.87 Mn | 7.73 Mn |
| 4 | Redwire | 2.37 Bn | 1.81 Bn | 32.54 Mn | 12.55 Mn |
| 5 | Virgin Galactic Holdings | 329.50 Mn | 329.50 Mn | -28.05 Mn | 4.34 Mn |
| 6 | Sidus Space | 177.78 Mn | 11.26 Mn | -629,723.00 | - |
| 7 | Starfighters Space | 96.61 Mn | 96.61 Mn | - | 1,918.00 |
| 8 | Momentus | 48.62 Mn | -59.09 Mn | 25,000.00 | 4.23 Mn |
| 9 | Helio | 39.20 Mn | 38.74 Mn | 122,607.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.34 Mn |
| Dec 31, 2025 | 12.08 Mn |
| Sep 30, 2025 | 14.95 Mn |
| Jun 30, 2025 | 20.12 Mn |
| Mar 31, 2025 | 33.31 Mn |
| Dec 31, 2024 | 28.24 Mn |
| Sep 30, 2024 | 23.94 Mn |
| Jun 30, 2024 | 41.54 Mn |
| Mar 31, 2024 | 58.97 Mn |
| Dec 31, 2023 | 53.85 Mn |
| Sep 30, 2023 | 44.85 Mn |
| Jun 30, 2023 | 86.57 Mn |
| Mar 31, 2023 | 109.87 Mn |
| Dec 31, 2022 | 102.60 Mn |
| Sep 30, 2022 | 97.41 Mn |
| Jun 30, 2022 | 62.34 Mn |
| Mar 31, 2022 | 51.83 Mn |
| Dec 31, 2021 | 40.23 Mn |
| Sep 30, 2021 | 34.29 Mn |
| Jun 30, 2021 | 34.62 Mn |