SPCE FINANCIAL STATEMENTS

Virgin Galactic Holdings Inc — balance sheet, income statement and cash flow trends

SPCEVirgin Galactic Holdings Inc

🇺🇸 USA · NYSE · Industrials · Aerospace & Defense

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue1.3 M $-76.2%

Gross Profit-96.5 M $—

Operating Income-260.2 M $—

EBITDA-231.6 M $—

Net Income-259.1 M $—

Peer Comparison· Aerospace & Defense

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
SPCE	-76.2%	-7,362.7%	-17,675.8%	-19,781.3%
HATSN	-1.7%	-2.5%	4.6%	-6.9%
SDTTR	12.0%	27.2%	18.7%	4.2%
ALTNY	22.0%	29.7%	15.9%	1.5%
ONRYT	19.3%	22.8%	5.5%	-14.3%
BA	7.7%	26.4%	13.3%	7.3%
Industry median	12.2%	24.2%	13.1%	6.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
SPCE	-76.2%	-7,362.7%	-17,675.8%	-19,781.3%
POWW	—	80.1%	26.6%	-6.9%
RGR	3.2%	14.4%	1.2%	-2.2%
SWBI	10.4%	26.9%	11.6%	3.5%
PKE	18.2%	30.9%	23.1%	15.4%
NPK	24.9%	15.4%	9.3%	6.2%
Industry median	12.2%	24.2%	13.1%	6.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity223.7 M $30%
Current Liabilities282.6 M $38%
Long-term Liabilities243.9 M $33%

Key Figures

YoY change

Total Assets750.2 M $-17.0%

Total Liabilities526.5 M $-16.7%

Total Equity223.7 M $-17.8%

Cash & ST Investments219.9 M $-55.1%

Total Debt368.4 M $-12.4%

Net Debt243.6 M $-13.0%

Peer Comparison· Aerospace & Defense

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
SPCE	1.00	164.7%	-0.64	29.8%
HATSN	1.17	14.9%	1.20	72.5%
SDTTR	1.75	21.7%	0.91	59.5%
ALTNY	1.24	39.9%	3.91	50.8%
ONRYT	2.88	12.8%	-3.09	73.9%
BA	0.99	76.8%	1.44	31.3%
Industry median	1.75	48.4%	0.88	44.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
SPCE	1.00	164.7%	-0.64	29.8%
POWW	3.96	4.8%	-4.19	87.8%
RGR	3.50	0.6%	-16.11	81.1%
SWBI	3.20	14.1%	0.33	73.4%
PKE	18.24	0.2%	-5.27	91.4%
NPK	5.88	2.4%	0.05	84.2%
Industry median	1.75	48.4%	0.88	44.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-217.7 M $—

Capital Expenditures191.8 M $+23.9%

Free Cash Flow-409.5 M $—

Dividends Paid——

Peer Comparison· Aerospace & Defense

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
SPCE	-16,620.2%	-31,261.8%	14,641.6%	84.0%
HATSN	20.6%	1.7%	26.4%	-298.7%
SDTTR	15.5%	-19.3%	22.8%	374.0%
ALTNY	-1.8%	-41.9%	39.6%	-121.1%
ONRYT	14.9%	-15.3%	31.6%	-104.0%
BA	11.6%	8.2%	3.2%	159.9%
Industry median	11.1%	5.8%	3.8%	110.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
SPCE	-16,620.2%	-31,261.8%	14,641.6%	84.0%
POWW	2.9%	-8.4%	7.4%	-42.1%
RGR	11.2%	7.7%	3.5%	-514.6%
SWBI	21.8%	17.2%	4.6%	617.9%
PKE	15.7%	12.9%	2.8%	102.0%
NPK	1.9%	0.7%	1.2%	30.4%
Industry median	11.1%	5.8%	3.8%	110.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.