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

Virgin Galactic Holdings (SPCE) has 7 years of Research & Development data on file, last reported at $12.1 million in Q4 2025.

• For the quarter ending Q4 2025, Research & Development fell 57.21% year-over-year to $12.1 million; the trailing twelve-month figure through Dec 2025 stood at $80.5 million (down 47.3% YoY), and the FY2025 full-year result was $80.5 million, down 47.3% from the prior year.
• Research & Development slipped to $12.1 million in Q4 2025, 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 soared 184.09% in 2022 and plunged 57.21% in 2025, its largest moves.
• Tracing SPCE's Research & Development over 5 years: stood at $40.2 million in 2021, then surged by 155.05% to $102.6 million in 2022, then tumbled by 47.51% to $53.8 million in 2023, then plunged by 47.56% to $28.2 million in 2024, then sank by 57.21% to $12.1 million in 2025.
• Business Quant data shows SPCE's Research & Development at $12.1 million in Q4 2025, $15.0 million in Q3 2025, and $20.1 million in Q2 2025.