Virgin Galactic Holdings, Inc. (SPCE)

Virgin Galactic Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-278.91	-346.74	-502.34	-500.15	-352.9
Depreciation & Amortization	16.49	15.47	13.37	11.1	11.52
Stock-Based Compensation	18.7	29.75	44.26	45.71	61.81
Other Adjustments	-3.78	-12.94	-11.41	12.8	34.66
Changes in Inventories	-	-	-	5.63	0.82
Changes in Accounts Payable	11.22	-29.2	8.63	35.15	7.94
Changes in Unearned Revenue	-5.96	-13.35	-4.81	11.78	7.65
Changes in Other Operating Activities	2.1	4.31	4.11	-2.25	-2.25
Operating Cash Flow	-240.14	-352.7	-448.19	-380.24	-230.76
Capital Expenditures	-198.05	-121.86	-44.31	-16.49	-4.64
Purchases of Investments	-313.04	-543.43	-1,010	-704.57	-382.88
Proceeds from Sale of Investments	601.92	840.34	937.87	434.89	-
Other Investing Activities	0.01	0.61	-	-	-
Investing Cash Flow	90.84	175.66	-116.27	-286.17	-387.52
Long-Term Debt Issued	212.5	-	-	425	-
Long-Term Debt Repaid	-320.39	0.19	0.24	0.54	0.45
Net Long-Term Debt Issued (Repaid)	-107.89	0.19	0.24	425.54	0.45
Issuance of Common Stock	227.98	137.8	484.15	103.38	519.98
Repurchase of Common Stock	0.18	1.21	3.24	3.98	23.4
Net Common Stock Issued (Repurchased)	228.16	139	487.39	107.36	543.38
Other Financing Activities	-5.35	-2.06	-5.24	-64.84	-6.77
Financing Cash Flow	114.13	134.34	475.43	459	489.36
Net Cash Flow	-35.17	-42.71	-89.04	-207.4	-128.93
Free Cash Flow	-438.19	-474.56	-492.5	-396.73	-235.4
FCF Margin	-28379.99%	-6744.71%	-7242.68%	-17159.60%	-7150.61%
Free Cash Flow Per Share	-8.55	-19.02	-29.21	-30.06	-19.01
Levered Free Cash Flow	-561	-491.17	-525.12	-29.69	-331.41
Unlevered Free Cash Flow	-459.59	-521.34	-555	-455.67	-298.57

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q