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

Virgin Galactic Holdings (SPCE) has disclosed Research & Development for 7 consecutive years, with $12.1 million as the latest value for Q4 2025.

  • Quarterly Research & Development fell 57.21% to $12.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $80.5 million through Dec 2025, down 47.3% year-over-year, with the annual reading at $80.5 million for FY2025, 47.3% down from the prior year.
  • Research & Development hit $12.1 million in Q4 2025 for 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.
  • Historically, Research & Development has averaged $49.3 million across 5 years, with a median of $40.9 million in 2021.
  • Biggest five-year swings in Research & Development: surged 184.09% in 2022 and later plummeted 57.21% in 2025.
  • Year by year, Research & Development 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 plummeted by 47.56% to $28.2 million in 2024, then tumbled by 57.21% to $12.1 million in 2025.
  • Business Quant data shows Research & Development for SPCE at $12.1 million in Q4 2025, $15.0 million in Q3 2025, and $20.1 million in Q2 2025.