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

Virgin Galactic Holdings has disclosed Research & Development across 7 years of filings, most recently posting $12.1 million for Q4 2025.

• Research & Development for Q4 2025 came in at $12.1 million, down 57.21% year-over-year; the trailing twelve-month figure through Dec 2025 was $80.5 million (down 47.3% YoY), and the FY2025 annual result 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.
• The 5-year median for Research & Development is $40.9 million (2021), against an average of $49.3 million.
• Across the five-year window, Research & Development soared 184.09% in 2022 and slumped 57.21% in 2025, its largest moves.
• Virgin Galactic Holdings' Research & Development stood at $40.2 million in 2021, then soared by 155.05% to $102.6 million in 2022, then slumped by 47.51% to $53.8 million in 2023, then tumbled by 47.56% to $28.2 million in 2024, then plunged by 57.21% to $12.1 million in 2025.
• The last three Research & Development figures came in at $12.1 million (Q4 2025), $15.0 million (Q3 2025), and $20.1 million (Q2 2025), per Business Quant data.