Virgin Galactic Holdings, Inc(SPCE)Stock Analysis
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Rank #2,859 of 2,879 stocks
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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SPCE Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Virgin Galactic Holdings, Inc (SPCE), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores SPCE at 3.2/100 on a 32-signal composite quality model, placing it at rank #2,859 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include free cash flow (0.2) and profitability (0.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 0.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Virgin Galactic Holdings, Inc reports quarterly revenue of $227.0K, net income of $-64.7M, free cash flow of $-93.3M. Top institutional holders of SPCE by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, EverSource Wealth Advisors,, SUSQUEHANNA INTERNATIONAL GROUP, LLP, based on the most recent SEC filings. SPCE trades on the NYSE exchange and files with the SEC under CIK 1706946. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPCE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Virgin Galactic Holdings, Inc directly from SEC EDGAR. Virgin Galactic Holdings, Inc's 13F Pro composite quality score has ranged between 3 and 42 since 2021, currently 3.2 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$227.0K
Net Income
Q1 2026
$-64.7M
Free Cash Flow
Q1 2026
$-93.3M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-78.1% YoYNet Income
-80336.9% YoYOperating Income
+24.2% YoYEPS (Diluted)
+60.8% YoYTotal Assets
-16.4% YoYTotal Debt
-11.4% YoYOp. Cash Flow
+31.9% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $1.5M -78.1% | $7.0M +204.3% | $2.3M -29.8% | $3.3M -12.9% | $3.8M +32.7% | $2.8M |
| Net Income | $-278.9M -80336.9% | $-346.7K +99.9% | $-500.2M -141626.7% | $-352.9K +99.8% | $-215.1M -55.7% | $-138.1M |
| Operating Income | $-285.3M +24.2% | $-376.6M +24.7% | $-500.0M -56.5% | $-319.5M -49.8% | $-213.3M -27.6% | $-167.2M |
| EPS (Diluted) | $-5.44 +60.8% | $-13.89 -634.9% | $-1.89 -32.2% | $-1.43 -28.8% | $-1.11 | — |
| Total Assets | $803.2M -16.4% | $961.2M -15.7% | $1.14B +6.7% | $1.07B +76.5% | $605.5M -14.1% | $704.8M |
| Total Debt | $372.0M -11.4% | $420.1M | — | $620.0K | $0.00 | — |
| Operating Cash Flow | $-240.1M +31.9% | $-352.7M +7.2% | $-380.2M -64.8% | $-230.8M -10.4% | $-209.1M -43.5% | $-145.7M |
AI Insight: SPCE Financial Trends
Virgin Galactic burning cash with zero revenue; debt surged 17% to $437M while equity collapsed 43% since Q2 2024.
• Operating losses narrowed from $102M (Q2 2024) to $66M (Q1 2026), and operating cash burn improved from $79M to $54M.
• Total debt jumped to $372M in Q4 2025 and $437M in Q1 2026, up from zero prior quarters, signaling capital raise.
• Equity eroded from $395M (Q2 2024) to $224M (Q1 2026); company has generated no revenue for 7 consecutive quarters.
⚠ Zero revenue runway unsustainable; quarterly cash burn still ~$50–55M despite cost cuts. Equity coverage at critical levels.
⚠ Debt increase without corresponding revenue inflection raises dilution risk if additional capital required.
AI Insight: SPCE Ratio Trends
Virgin Galactic remains deeply unprofitable with negative ROE/ROA/ROIC; leverage spiked back to 1.95x D/E in Q1 2026 after improving to 1.36x in Q4 2025.
• ROE deteriorated to -115.7% in Q1 2026 from -91.6% in Q4 2025, signaling sharply worse profitability.
• Debt-to-equity ratio rose to 1.95x in Q1 2026 from 1.36x in Q4 2025, reversing prior quarter improvement.
• ROA remained consistently negative throughout 2024–2026, ranging -29.3% to -37.4%, indicating persistent asset underutilization.
⚠ Leverage spike post-Q4 2025 suggests potential capital raises or debt issuance; track liquidity and cash burn closely.
⚠ ROIC widened to -39.7% in TTM and Q1 2026 from -37.6% in Q4 2025, indicating deteriorating capital efficiency.
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Available Research
13F Pro tracks comprehensive data for Virgin Galactic Holdings, Inc including:
Top Institutional Holders of SPCE
VANGUARD CAPITAL MANAGEMENT LLC
$7.1M2,905,786 shEverSource Wealth Advisors, LLC
$6.1M47,863 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$5.0M2,077,200 shWOLVERINE ASSET MANAGEMENT LLC
$4.1M1,697,600 shCITADEL ADVISORS LLC
$3.8M1,549,400 shBlackRock, Inc.
$2.9M1,197,136 shGROUP ONE TRADING, L.P.
$2.8M1,152,500 shMILLENNIUM MANAGEMENT LLC
$2.2M925,656 shGEODE CAPITAL MANAGEMENT, LLC
$2.2M886,672 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.9M785,848 sh
| Fund | Value | Shares |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $7.1M | 2,905,786 |
| EverSource Wealth Advisors, LLC | $6.1M | 47,863 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5.0M | 2,077,200 |
| WOLVERINE ASSET MANAGEMENT LLC | $4.1M | 1,697,600 |
| CITADEL ADVISORS LLC | $3.8M | 1,549,400 |
| BlackRock, Inc. | $2.9M | 1,197,136 |
| GROUP ONE TRADING, L.P. | $2.8M | 1,152,500 |
| MILLENNIUM MANAGEMENT LLC | $2.2M | 925,656 |
| GEODE CAPITAL MANAGEMENT, LLC | $2.2M | 886,672 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1.9M | 785,848 |
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Popular Research
Is SPCE a good stock to buy?
13F Pro's AI-powered analysis of Virgin Galactic Holdings, Inc (SPCE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPCE are available on the SPCE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SPCE?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPCE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Virgin Galactic Holdings, Inc's investment landscape.