Virgin Galactic Holdings, Inc. (SPCE) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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SPCE Revenue Growth
Revenue Breakdown (FY 2020)
SPCE's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
SPCE Revenue Analysis (2017–2024)
As of May 8, 2026, Virgin Galactic Holdings, Inc. (SPCE) generated trailing twelve-month (TTM) revenue of $1.7 million, reflecting moderate decline in growth of -9.2% year-over-year. The most recent quarter (Q3 2025) recorded $365,000 in revenue, down 10.1% sequentially.
Looking at the longer-term picture, SPCE's 5-year compound annual growth rate (CAGR) stands at +13.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $7.0 million in 2024, representing a new all-time high.
Revenue diversification analysis shows SPCE's business is primarily driven by Technology Service (100%), Spaceflight Operations (0%), and Sponsorship Revenue (0%). With over half of revenue concentrated in Technology Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including RKT, MNTS (-63.8% YoY), and ASTS (+1505.2% YoY), SPCE has underperformed the peer group in terms of revenue growth. Compare SPCE vs RKT →
SPCE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPCECurrent | $2M | -9.2% | +13.2% | -5352.9% | |
 RKT | $6.9B | - | - | 8.7% | |
 MNTS | $2M | -63.8% | - | -1404.1% | |
 ASTS | $71M | +1505.2% | +64.1% | -405.7% | |
 BA | $89.5B | +32.7% | +9.0% | -6.1% | |
 LMT | $75.1B | +4.6% | +2.8% | 10.3% |
SPCE Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $7.0M | +3.5% | $-82,988,000 | -1179.5% | $-376,629,000 | -5352.9% |
| 2023 | $6.8M | +194.1% | $-43,738,000 | -643.2% | $-531,509,000 | -7816.3% |
| 2022 | $2.3M | -29.8% | $406K | 17.6% | $-499,984,000 | -21625.6% |
| 2021 | $3.3M | +1283.2% | $3.0M | 91.7% | $-319,535,000 | -9706.4% |
| 2020 | $238K | -93.7% | $65K | 27.3% | $-275,284,000 | -115665.5% |
| 2019 | $3.8M | +32.7% | $1.8M | 47.0% | $-213,262,000 | -5640.4% |
| 2018 | $2.8M | +62.4% | $1.5M | 52.8% | $-1,343,909 | -47.2% |
| 2017 | $1.8M | - | $1.3M | 72.2% | $-140,000,000 | -7981.8% |
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Start ComparisonSPCE — Frequently Asked Questions
Quick answers to the most common questions about buying SPCE stock.
Is SPCE's revenue growth accelerating or slowing?
SPCE revenue declined -9.2% year-over-year, contrasting with the 5-year CAGR of +13.2%. TTM revenue fell to $2M. This reverses the prior growth trend.
What is SPCE's long-term revenue growth rate?
Virgin Galactic Holdings, Inc.'s 5-year revenue CAGR of +13.2% reflects the variable expansion pattern. Current YoY growth of -9.2% is below this long-term average.
How is SPCE's revenue distributed by segment?
SPCE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.