Virgin Galactic Holdings (SPCE) Research & Development (2019 - 2026)

Virgin Galactic Holdings has reported Research & Development for 7 years, with the latest figure at $12.1 million in Q4 2025.

• Quarterly Research & Development fell 57.21% year-over-year to $12.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $80.5 million (down 47.3% YoY) and the FY2025 annual result came in at $80.5 million, down 47.3% from the prior year.
• Research & Development slipped to $12.1 million in Q4 2025 per SPCE's latest filing, from $15.0 million in the prior quarter.
• Over five years, Research & Development peaked at $109.9 million in Q1 2023 and troughed at $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.
• The sharpest annual moves came in 2022 and 2025: Research & Development surged 184.09% in 2022, then slumped 57.21% in 2025.
• Over 5 years, Research & Development stood at $40.2 million in 2021, then surged 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.
• 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.