Virgin Galactic Holdings (SPCE) Research & Development (2019 - 2025)

Virgin Galactic Holdings' Research & Development history runs 7 years deep, the most recent figure standing at $12.1 million for Q4 2025.

• In Q4 2025, Research & Development fell 57.21% year-over-year to $12.1 million; the TTM figure through Dec 2025 stood at $80.5 million (down 47.3% YoY), while the FY2025 annual figure was $80.5 million, down 47.3% from the prior year.
• Research & Development came in at $12.1 million for Q4 2025 at Virgin Galactic Holdings, down from $15.0 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 $12.1 million in Q4 2025.
• A 5-year average of $49.3 million and a median of $40.9 million in 2021 frame the typical range for Research & Development.
• Across the five-year window, Research & Development jumped 184.09% in 2022 and sank 57.21% in 2025, its largest moves.
• Virgin Galactic Holdings' Research & Development stood at $40.2 million in 2021, then jumped by 155.05% to $102.6 million in 2022, then sank by 47.51% to $53.8 million in 2023, then slumped by 47.56% to $28.2 million in 2024, then tumbled by 57.21% to $12.1 million in 2025.
• According to Business Quant data, Research & Development over the past three periods registered $12.1 million, $15.0 million, and $20.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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