Virgin Galactic Holdings, Inc. (SPCE) quarterly cash flow statement — complete operating, investing & financing history
Virgin Galactic Holdings, Inc. (SPCE) cash flow statement — 9-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -50.17M | -53.5M | -52.48M | -56.3M | -55.45M | -75.92M | -81.03M | -79.31M | -79.13M | -113.23M | -95.31M | -91.5M | -125.32M | -136.07M | -131.24M | -96.04M | -86.91M | -66.05M | -65.13M | -52.16M |
| Operating CF Margin % | -37441.79% | -23568.72% | -16818.91% | -15425.48% | -13656.65% | -16468.11% | -18889.28% | -19728.11% | -1875.17% | -5704.23% | -3392.99% | -5294.97% | -6697.92% | -34711.48% | -15102.65% | -12521.25% | -24344.54% | -20705.64% | -46188.65% | -2021.9% |
| Operating CF Growth % | 9.51% | 29.53% | 35.24% | 29.01% | 29.93% | 32.95% | 14.98% | 13.32% | 36.85% | 16.79% | 27.38% | 4.73% | -44.19% | -106.01% | -101.52% | -84.1% | -34.32% | -35.44% | 7.09% | 5.11% |
| Net Income | -55.89M | -64.72M | -62.72M | -64.42M | -67.28M | -84.49M | -76.41M | -74.54M | -93.78M | -102.01M | -103.98M | -104.6M | -134.36M | -159.38M | -150.82M | -145.55M | -110.72M | -93.06M | -80.8M | -48.37M |
| Depreciation & Amortization | 3.98M | 3.92M | 3.97M | 4.12M | 4.17M | 4.22M | 4.17M | 4.34M | 3.26M | 3.7M | 3.65M | 3.29M | 3.19M | 3.25M | -1.08M | 2.21M | 3.35M | 2.85M | 2.88M | 2.9M |
| Stock-Based Compensation | 6.82M | 4.12M | 0 | 4.72M | 4.83M | 4.77M | 5.71M | 7.56M | 8.24M | 8.24M | 8.66M | 10.76M | 11.86M | 12.98M | 11.22M | 11.51M | 12.08M | 10.89M | 13.1M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -8.64M | 94K | 4.27M | -791K | -1.25M | -1.64M | -1.28M | -3.49M | -3.4M | -4.78M | -6.53M | -3.94M | -1.24M | 299K | 5.27M | 10.64M | 13.64M | 489K | 11.67M | -22.29M |
| Working Capital Changes | 3.55M | 3.08M | 2M | 69K | 4.08M | 1.22M | -13.22M | -13.18M | 6.55M | -18.38M | 2.9M | 3M | -4.76M | 6.8M | 4.16M | 25.15M | -5.27M | 12.77M | -11.98M | 15.6M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 761K | -1.8M | 3.92M | 1.87M | -1.19M | 10.95M | -4.34M | 201K | -363K | 660K |
| Change in Payables | 2.01M | 840K | 6.21M | 1.05M | 4.72M | -751K | -3.84M | -30.38M | 12.5M | -7.48M | 581K | 1.38M | 5.5M | 2.15M | 0 | 0 | 0 | 1.13M | 0 | 2.58M |
| Cash from Investing | -12.79M | 27.78M | 60.98M | -767K | 23.16M | 7.47M | 59.21M | 32.77M | 579K | 83.1M | 80.27M | -245.3M | -170.99M | 219.74M | 36.47M | 62.91M | -178.88M | -206.67M | -98.94M | -286.94M |
| Capital Expenditures | -40.57M | -39.81M | -42.15M | -51.48M | -58.36M | -46.05M | -35.71M | -38.66M | -34.41M | -13.07M | -18.37M | -13.32M | -9.85M | -2.77M | -4.18M | -6.01M | -4.52M | -1.77M | -2.18M | -805K |
| CapEx % of Revenue | 30273.13% | 17536.12% | 13510.58% | 14105.21% | 14374.63% | 9988.5% | 8323.78% | 9616.67% | 815.52% | 658.54% | 653.9% | 771.12% | 526.4% | 705.87% | 481.36% | 783.96% | 1266.11% | 555.8% | 1548.23% | 31.2% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 820K | 0 | 0 | 0 | 0 | 8K | 12K | 0 | 0 | 598K | 0 | 0 | 0 | 0 | 0 | 0 | -174.36M | 0 | -96.75M | 0 |
| Cash from Financing | 125.91M | 5.48M | 8.42M | 22.14M | 53.86M | 29.71M | 27.99M | 36.43M | 63.03M | 6.89M | -432K | 207.82M | 238.25M | 29.8M | 3.04M | 97.43M | -975K | 359.52M | -6.55M | 495.09M |
| Debt Issued (Net) | -3.3M | -5.03M | -109.99M | -56K | -52K | -46K | -44K | -41K | -48K | -60K | -60K | -59K | -57K | -59K | -102K | -376K | -32K | 413.72M | -35K | -346K |
| Equity Issued (Net) | 131.23M | 10.52M | 118.47M | 22.2M | 55.6M | 30.73M | 29.1M | 37.12M | 64.31M | 7.27M | -5.24M | 210.71M | 241.39M | 32.04M | 3.75M | 99.57M | -913K | 49K | -7.62M | 505.89M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -913K | 0 | -7.62M | 0 |
| Other Financing | -2.03M | -8K | -65K | -10K | -1.69M | -972K | -1.06M | -650K | -1.23M | -321K | 4.87M | -2.83M | -3.09M | -2.19M | -616K | -1.77M | -30K | -54.25M | 1.1M | -10.46M |
| Net Change in Cash | 62.94M | -20.24M | 16.92M | -34.93M | 21.57M | -38.73M | 6.17M | -10.11M | -15.52M | -23.24M | -15.47M | -128.97M | -58.05M | 113.46M | -91.73M | 64.3M | -266.76M | 86.8M | -170.61M | 155.99M |
| Free Cash Flow | -90.74M | -93.31M | -94.63M | -107.79M | -113.81M | -121.97M | -116.74M | -117.97M | -113.55M | -126.3M | -113.68M | -104.82M | -135.17M | -138.84M | -135.43M | -102.05M | -91.43M | -67.82M | -67.31M | -52.97M |
| FCF Margin % | -67714.93% | -41104.85% | -30329.49% | -29530.68% | -28031.28% | -26456.62% | -27213.05% | -29344.78% | -2690.69% | -6362.77% | -4046.89% | -6066.09% | -7224.32% | -35417.35% | -15584% | -13305.22% | -25610.64% | -21261.44% | -47736.88% | -2053.1% |
| FCF Growth % | 20.27% | 23.5% | 18.94% | 8.63% | -0.23% | 3.43% | -2.7% | -12.54% | 16% | 9.03% | 16.06% | -2.72% | -47.84% | -104.7% | -101.2% | -92.66% | -39.52% | -36.78% | 8.59% | 9.76% |
| FCF per Share | -0.82 | -1.17 | -1.47 | -1.82 | -2.49 | -3.44 | -3.86 | -4.22 | -5.29 | -6.09 | -5.69 | -5.58 | -9.22 | -9.97 | -9.85 | -7.73 | -7.07 | -5.25 | -5.22 | -4.15 |
| FCF Conversion (FCF/Net Income) | 0.90x | 0.83x | 0.84x | 0.87x | 0.82x | 0.90x | 1.06x | 1.06x | 0.84x | 1.11x | 0.92x | 0.87x | 0.93x | 0.85x | 0.87x | 0.66x | 0.78x | 0.71x | 0.81x | 1.08x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 5.31M | 5.31M | 0 | 0 | 0 | 0 | 5.31M | 5.31M | 0 | 5.67M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 79K | 84K | 72K | 94K | 0 | 0 | 405K | 128K | 0 | -9K | 0 | 0 | 0 | 0 |