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.

• 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.
• The five-year high for Research & Development was $109.9 million in Q1 2023, with the low at $12.1 million in Q4 2025.
• Average Research & Development over 5 years is $49.3 million, with a median of $40.9 million recorded in 2021.
• Year-over-year, Research & Development jumped 184.09% in 2022 and plunged 57.21% in 2025.
• Virgin Galactic Holdings' Research & Development stood at $40.2 million in 2021, then soared 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.