Virgin Galactic Holdings (SPCE) Research & Development (2019 - 2026)
Virgin Galactic Holdings' Research & Development was $4.34 million in Q2 2026, down 78.4% from $20.12 million a year earlier.
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Analysis
Virgin Galactic Holdings (SPCE) Research & Development (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Virgin Galactic Holdings' Research & Development was $51.5 million through Jun 30, 2026, down 51.2% year-over-year; for FY2025, it was $80.47 million, down 47.3% from FY2024.
- Research & Development has now declined for three consecutive years, with a five-year compound annual growth rate of -12.2% (FY2020 to FY2025).
- In earlier years, Research & Development was $152.68 million in FY2024 (-48.3%), $295.14 million in FY2023 (-6.1%), $314.17 million in FY2022 (+117.8%) and $144.22 million in FY2021 (-6.6%).
- The Q2 2026 figure marks the lowest quarterly Research & Development in data going back to Q1 2019.
- The best year-over-year quarter for Research & Development over five years was Q3 2022 (growth of 184.1%); the worst was Q2 2026 (a decline of 78.4%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 330.06 Bn | 284.06 Bn | 4.68 Bn | 460.00 Mn |
| 2 | Rtx | 252.10 Bn | 225.31 Bn | 5.13 Bn | 726.00 Mn |
| 3 | Boeing | 148.40 Bn | 55.10 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 118.20 Bn | 104.92 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 92.39 Bn | 87.99 Bn | 951.00 Mn | 8.00 Mn |
| 6 | General Dynamics | 89.92 Bn | 77.03 Bn | 2.18 Bn | - |
| 7 | Motorola Solutions | 73.84 Bn | 70.20 Bn | 1.68 Bn | 260.00 Mn |
| 8 | Northrop Grumman | 71.73 Bn | 60.97 Bn | 2.12 Bn | - |
| 9 | Honeywell International | 66.60 Bn | 19.04 Bn | 3.65 Bn | 524.00 Mn |
| 10 | Virgin Galactic Holdings | 336.70 Mn | 336.70 Mn | -28.05 Mn | 4.34 Mn |
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 |
API Access
Virgin Galactic Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=SPCE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "SPCE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=SPCE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();