PerpEquities

Equity · Industrials

Virgin Galactic Holdings, Inc. (SPCE) perpetual futures

Virgin Galactic Holdings, Inc. is an aerospace company that develops, manufactures, and operates spaceships for private individuals, researchers, and government agencies.

-6.0%NYSE closed
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24h volume
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Tightest spread
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-5.99%
5D-11.60%
1M-8.57%
6M-11.60%
YTD-16.83%
1Y-38.91%

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Company data

Company fundamentals

Updated 11h ago
Market cap
$343.2M
Updated 11h ago
Revenue
$1.5M
Trailing 12 months
Revenue growth
+44%
Next fiscal year
Profit margin
-23,867.4%
P/E
-0.8
Peer P/E -1.8
Free cash flow
-$438.2M
Trailing 12 months
More metrics
Net income
-$278.9M
Trailing 12 months
P/S
222.3
Peer P/E
-1.8
Similar listed perps
Revenue estimate
$2.2M
Next fiscal year
Earnings
2026-11-12
Revenue est. $333.3K · Updated 11h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$1.5M
Net margin-18,063.9%
Free cash flow-$438.2M
Net debt$230.2M
2020$238K
2021$3.3M
2022$2.3M
2023$6.8M
2024$7M
2025$1.5M
PeriodRevenueGrowthNet incomeFCF
2020$238K-94%-$644.9M-$250.4M
2021$3.3M+1,283%-$352.9M-$235.4M
2022$2.3M-30%-$500.2M-$396.7M
2023$6.8M+194%-$502.3M-$492.5M
2024$7M+3%-$346.7M-$474.6M
2025$1.5M-78%-$278.9M-$438.2M
PeriodGross marginOperating marginNet marginROEROA
2020+27.3%-115,665.5%-270,960.9%-122.4%-80.2%
2021+91.7%-9,706.4%-10,719.9%-39.5%-33.0%
2022+17.6%-21,625.6%-21,632.9%-104.1%-43.9%
2023-643.2%-7,816.3%-7,387.3%-99.4%-42.6%
2024-1,179.5%-5,352.9%-4,928.1%-107.6%-36.1%
2025-5,680.7%-18,335.0%-18,063.9%-101.8%-34.7%
PeriodCashDebtNet debtCurrent ratio
2020$665.9M$27.2M-$638.8M6.33
2021$550M$42.5M-$507.6M5.16
2022$302.3M$475.4M$173.1M5.44
2023$216.8M$491.1M$274.3M5.12
2024$178.6M$493.1M$314.5M4.19
2025$144.7M$374.9M$230.2M1.78
PeriodMarket capEnterprise valueP/SP/E
2020$5.2B$4.6B21,846.4-19.0
2021$3.3B$2.8B1,006.4-9.4
2022$918.5M$1.1B397.3-1.8
2023$826.3M$1.1B121.5-1.6
2024$146.7M$461.2M20.9-0.4
2025$164.5M$394.7M106.5-0.6
Q3 2024$402K
Q4 2024$429K
Q1 2025$461K
Q2 2025$406K
Q3 2025$365K
Q4 2025$312K
Q1 2026$227K
Q2 2026$134K
PeriodRevenueGrowthNet incomeFCF
Q3 2024$402K-77%-$74.5M-$118M
Q4 2024$429K-85%-$76.4M-$116.7M
Q1 2025$461K-77%-$84.5M-$122M
Q2 2025$406K-90%-$67.3M-$113.8M
Q3 2025$365K-9%-$64.4M-$107.8M
Q4 2025$312K-27%-$62.7M-$94.6M
Q1 2026$227K-51%-$64.7M-$93.3M
Q2 2026$134K-67%-$55.9M-$90.7M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024-4,843.8%-20,330.3%-18,542.3%-20.4%-7.3%
Q4 2024-4,625.2%-19,103.3%-17,811.9%-23.7%-7.9%
Q1 2025-5,333.6%-19,186.1%-18,326.9%-31.0%-9.3%
Q2 2025-4,426.4%-17,227.1%-16,571.4%-25.5%-7.5%
Q3 2025-6,369.6%-17,470.1%-17,648.5%-28.5%-7.5%
Q4 2025-7,019.9%-19,531.1%-20,103.5%-22.9%-7.8%
Q1 2026-14,682.4%-28,895.2%-28,508.8%-28.9%-8.6%
Q2 2026-20,931.3%-48,452.2%-41,708.2%-14.1%-6.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$172.4M$492.9M$320.6M4.52
Q4 2024$178.6M$493.1M$314.5M4.19
Q1 2025$140.8M$420.7M$279.9M3.81
Q2 2025$163.5M$483.7M$320.1M3.38
Q3 2025$158.8M$474.5M$315.7M2.87
Q4 2025$144.7M$324.2M$179.5M1.78
Q1 2026$124.8M$368.4M$243.6M1.00
Q2 2026$187.3M$265.3M$78M1.62
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$170.6M$491.2M424.5-0.6
Q4 2024$177.9M$492.4M414.7-0.6
Q1 2025$107.4M$387.3M232.9-0.3
Q2 2025$124.6M$444.7M306.9-0.5
Q3 2025$228.7M$544.5M626.6-0.9
Q4 2025$206.2M$385.6M660.8-0.8
Q1 2026$193.1M$436.7M850.8-0.8
Q2 2026$320.1M$398.1M2,388.7-1.4

Refreshed 11h ago

Charts: revenue, profit, cash flow & valuation
Revenue$134KQ2 2026
$1.1M$2.1M$3.2M$4.2MQ3 2023: $1.7MQ4 2023: $2.8MQ1 2024: $2MQ2 2024: $4.2MQ3 2024: $402KQ4 2024: $429KQ1 2025: $461KQ2 2025: $406KQ3 2025: $365KQ4 2025: $312KQ1 2026: $227KQ2 2026: $134KQ3 2023Q2 2026
Net income-$55.9MQ2 2026
-$78.5M-$52.3M-$26.2MQ3 2023: -$104.6MQ4 2023: -$104MQ1 2024: -$102MQ2 2024: -$93.8MQ3 2024: -$74.5MQ4 2024: -$76.4MQ1 2025: -$84.5MQ2 2025: -$67.3MQ3 2025: -$64.4MQ4 2025: -$62.7MQ1 2026: -$64.7MQ2 2026: -$55.9MQ3 2023Q2 2026
EBITDA-$49.9MQ2 2026
-$73.5M-$49M-$24.5MQ3 2023: -$98MQ4 2023: -$96.9MQ1 2024: -$95MQ2 2024: -$87.3MQ3 2024: -$66.9MQ4 2024: -$69.2MQ1 2025: -$77MQ2 2025: -$59.9MQ3 2025: -$57.1MQ4 2025: -$55.7MQ1 2026: -$58.9MQ2 2026: -$49.9MQ3 2023Q2 2026
Free cash flow-$90.7MQ2 2026
-$94.7M-$63.2M-$31.6MQ3 2023: -$104.8MQ4 2023: -$113.7MQ1 2024: -$126.3MQ2 2024: -$113.5MQ3 2024: -$118MQ4 2024: -$116.7MQ1 2025: -$122MQ2 2025: -$113.8MQ3 2025: -$107.8MQ4 2025: -$94.6MQ1 2026: -$93.3MQ2 2026: -$90.7MQ3 2023Q2 2026
EPS-$0.5Q2 2026
-$4.18-$2.79-$1.39Q3 2023: -$5.57Q4 2023: -$5.2Q1 2024: -$4.92Q2 2024: -$4.36Q3 2024: -$2.66Q4 2024: -$2.53Q1 2025: -$2.38Q2 2025: -$1.47Q3 2025: -$1.09Q4 2025: -$0.98Q1 2026: -$0.81Q2 2026: -$0.5Q3 2023Q2 2026
Cash / Debt$187.3MQ2 2026
$123.3M$246.6M$369.8M$493.1MQ3 2023 · Cash: $231MQ3 2023 · Debt: $491.7MQ4 2023 · Cash: $216.8MQ4 2023 · Debt: $491.1MQ1 2024 · Cash: $195.4MQ1 2024 · Debt: $492.4MQ2 2024 · Cash: $182.3MQ2 2024 · Debt: $492.2MQ3 2024 · Cash: $172.4MQ3 2024 · Debt: $492.9MQ4 2024 · Cash: $178.6MQ4 2024 · Debt: $493.1MQ1 2025 · Cash: $140.8MQ1 2025 · Debt: $420.7MQ2 2025 · Cash: $163.5MQ2 2025 · Debt: $483.7MQ3 2025 · Cash: $158.8MQ3 2025 · Debt: $474.5MQ4 2025 · Cash: $144.7MQ4 2025 · Debt: $324.2MQ1 2026 · Cash: $124.8MQ1 2026 · Debt: $368.4MQ2 2026 · Cash: $187.3MQ2 2026 · Debt: $265.3MQ3 2023Q2 2026
CashDebt
Profitability-20,931.3%Q2 2026
-36,339.2%-24,226.1%-12,113.1%Q3 2023 · Gross margin: -1,384.3%Q4 2023 · Gross margin: -766.4%Q1 2024 · Gross margin: -1,224.4%Q2 2024 · Gross margin: -623.8%Q3 2024 · Gross margin: -4,843.8%Q4 2024 · Gross margin: -4,625.2%Q1 2025 · Gross margin: -5,333.6%Q2 2025 · Gross margin: -4,426.4%Q3 2025 · Gross margin: -6,369.6%Q4 2025 · Gross margin: -7,019.9%Q1 2026 · Gross margin: -14,682.4%Q2 2026 · Gross margin: -20,931.3%Q3 2023 · Operating margin: -6,613.0%Q4 2023 · Operating margin: -4,067.8%Q1 2024 · Operating margin: -5,599.9%Q2 2024 · Operating margin: -2,412.1%Q3 2024 · Operating margin: -20,330.3%Q4 2024 · Operating margin: -19,103.3%Q1 2025 · Operating margin: -19,186.1%Q2 2025 · Operating margin: -17,227.1%Q3 2025 · Operating margin: -17,470.1%Q4 2025 · Operating margin: -19,531.1%Q1 2026 · Operating margin: -28,895.2%Q2 2026 · Operating margin: -48,452.2%Q3 2023 · Net margin: -6,053.5%Q4 2023 · Net margin: -3,701.8%Q1 2024 · Net margin: -5,139.1%Q2 2024 · Net margin: -2,222.2%Q3 2024 · Net margin: -18,542.3%Q4 2024 · Net margin: -17,811.9%Q1 2025 · Net margin: -18,326.9%Q2 2025 · Net margin: -16,571.4%Q3 2025 · Net margin: -17,648.5%Q4 2025 · Net margin: -20,103.5%Q1 2026 · Net margin: -28,508.8%Q2 2026 · Net margin: -41,708.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-67.0%Q2 2026
-36.4%+17.6%+71.6%+125.5%Q2 2024: +125.5%Q3 2024: -76.7%Q4 2024: -84.7%Q1 2025: -76.8%Q2 2025: -90.4%Q3 2025: -9.2%Q4 2025: -27.3%Q1 2026: -50.8%Q2 2026: -67.0%Q3 2023Q2 2026
Shares outstanding110.8MQ2 2026
27.7M55.4M83.1M110.8MQ3 2023: 18.8MQ4 2023: 20MQ1 2024: 20.7MQ2 2024: 21.5MQ3 2024: 28MQ4 2024: 30.3MQ1 2025: 35.4MQ2 2025: 45.6MQ3 2025: 59.3MQ4 2025: 64.2MQ1 2026: 79.5MQ2 2026: 110.8MQ3 2023Q2 2026
Valuation-1.4Q2 2026
595.41,193.21,790.92,388.7Q3 2023 · P/E: -1.6Q4 2023 · P/E: -2.4Q1 2024 · P/E: -1.5Q2 2024 · P/E: -0.5Q3 2024 · P/E: -0.6Q4 2024 · P/E: -0.6Q1 2025 · P/E: -0.3Q2 2025 · P/E: -0.5Q3 2025 · P/E: -0.9Q4 2025 · P/E: -0.8Q1 2026 · P/E: -0.8Q2 2026 · P/E: -1.4Q3 2023 · P/S: 391.5Q4 2023 · P/S: 348.7Q1 2024 · P/S: 298.8Q2 2024 · P/S: 40.4Q3 2024 · P/S: 424.5Q4 2024 · P/S: 414.7Q1 2025 · P/S: 232.9Q2 2025 · P/S: 306.9Q3 2025 · P/S: 626.6Q4 2025 · P/S: 660.8Q1 2026 · P/S: 850.8Q2 2026 · P/S: 2,388.7Q3 2023Q2 2026
P/EP/S
Revenue$1.5M2025
$1.8M$3.5M$5.3M$7M2018: $2.8M2019: $3.8M2020: $238K2021: $3.3M2022: $2.3M2023: $6.8M2024: $7M2025: $1.5M20182025
Net income-$278.9M2025
-$480.9M-$317M-$153M$11M2018: $11M2019: -$210.9M2020: -$644.9M2021: -$352.9M2022: -$500.2M2023: -$502.3M2024: -$346.7M2025: -$278.9M20182025
EBITDA-$249.6M2025
-$476.3M-$317.5M-$158.8M2018: -$132.2M2019: -$206.3M2020: -$635.1M2021: -$341.3M2022: -$476.3M2023: -$475.6M2024: -$318.3M2025: -$249.6M20182025
Free cash flow-$438.2M2025
-$369.4M-$246.3M-$123.1M2018: -$11.7M2019: -$223M2020: -$250.4M2021: -$235.4M2022: -$396.7M2023: -$492.5M2024: -$474.6M2025: -$438.2M20182025
EPS-$5.442025
-$28.1-$18.3-$8.6$1.132018: $1.132019: -$21.72020: -$24.92021: -$28.52022: -$37.82023: -$29.82024: -$13.92025: -$5.4420182025
Cash / Debt$144.7M2025
$166.5M$333M$499.4M$665.9M2018 · Cash: $462.2K2018 · Debt: $381.7K2019 · Cash: $480.4M2019 · Debt: $24.5M2020 · Cash: $665.9M2020 · Debt: $27.2M2021 · Cash: $550M2021 · Debt: $42.5M2022 · Cash: $302.3M2022 · Debt: $475.4M2023 · Cash: $216.8M2023 · Debt: $491.1M2024 · Cash: $178.6M2024 · Debt: $493.1M2025 · Cash: $144.7M2025 · Debt: $374.9M20182025
CashDebt
Profitability-5,680.7%2025
-203,124.5%-135,288.0%-67,451.6%+384.9%2018 · Gross margin: +52.8%2019 · Gross margin: +47.0%2020 · Gross margin: +27.3%2021 · Gross margin: +91.7%2022 · Gross margin: +17.6%2023 · Gross margin: -643.2%2024 · Gross margin: -1,179.5%2025 · Gross margin: -5,680.7%2018 · Operating margin: -47.2%2019 · Operating margin: -5,640.4%2020 · Operating margin: -115,665.5%2021 · Operating margin: -9,706.4%2022 · Operating margin: -21,625.6%2023 · Operating margin: -7,816.3%2024 · Operating margin: -5,352.9%2025 · Operating margin: -18,335.0%2018 · Net margin: +384.9%2019 · Net margin: -5,578.8%2020 · Net margin: -270,960.9%2021 · Net margin: -10,719.9%2022 · Net margin: -21,632.9%2023 · Net margin: -7,387.3%2024 · Net margin: -4,928.1%2025 · Net margin: -18,063.9%20182025
Gross marginOperating marginNet margin
Revenue growth-78.1%2025
+250.5%+594.7%+939.0%+1,283.2%2019: +32.7%2020: -93.7%2021: +1,283.2%2022: -29.8%2023: +194.1%2024: +3.5%2025: -78.1%20182025
Shares outstanding51.2M2025
12.8M25.6M38.4M51.2M2018: 9.7M2019: 9.7M2020: 11M2021: 12.4M2022: 13.2M2023: 16.9M2024: 25M2025: 51.2M20182025
Valuation-0.62025
5,447.310,913.716,380.021,846.42018 · P/E: 177.02019 · P/E: -10.62020 · P/E: -19.02021 · P/E: -9.42022 · P/E: -1.82023 · P/E: -1.62024 · P/E: -0.42025 · P/E: -0.62018 · P/S: 679.82019 · P/S: 592.02020 · P/S: 21,846.42021 · P/S: 1,006.42022 · P/S: 397.32023 · P/S: 121.52024 · P/S: 20.92025 · P/S: 106.520182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-12
Revenue est. $333.3K · Updated 11h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-2.27$2.2M+44%4
FY 2027-0.92$246.6M+15,869%3
FY 20280.05$503.3M+32,498%4
FY 20292.41$698.3M+45,127%1
Q3 2026-0.47$333.3K-9%2
Q4 2026-0.54$1.6M+417%2

Company events

6
2026-11-12EarningsActual - / Estimate -0.44-
2026-08-12Earnings · After market closeActual -0.5 / Estimate -0.64Beat
2026-05-14EarningsActual -0.81 / Estimate -0.86Beat
2026-03-30EarningsActual -0.98 / Estimate -1.04Beat
2025-11-13EarningsActual -1.09 / Estimate -1.51Beat
2025-08-06EarningsActual -1.47 / Estimate -2.12Beat

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 5, 2026, 09:26 PM UTC

Company profile

Sector
Industrials
Industry
Aerospace & Defense
Chief executive
Michael A. Colglazier
Employees
694
IPO date
Sep 29, 2017
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei-5.15
Piotroski scorei2/9
FMP ratingiC
Owner earningsi-$102.42M-$0.92 per share
ESG risk ratingiB-Industry rank: 87 out of 96

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
2
Price to earningsi
1
Price to booki
4
Market cap history
$336.70M-3.3%Jun 26 – Sep 26
$220.96M$284.55M$348.13MHigh: $348.13M · 2026-06-05Low: $220.96M · 2026-07-01Latest: $336.70M · 2026-09-04Jun 26Jul 26Aug 26Sep 26
Latest: $336.70M · 2026-09-04High: $348.13M · 2026-06-05Low: $220.96M · 2026-07-01
Largest fund holders
FundWeightShares held
XAR0.31%6M
VTI0%3.2M
IWM0.01%2.5M
DEFA1.09%1.5M
VXF0%1.2M
FESM0.05%1.2M
FSSNX0.01%1M
ITA0.02%1M
IWN0.02%894.7K
PRFZ0.06%567.5K
VTWO0.01%541.8K
SCHA0.01%473.2K

Analyst track record

How the analysts covering SPCE have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings2280
Analysts713
Buy / hold / sell5 / 12 / 517 / 43 / 20
Upgrades / downgrades / initiations0 / 0 / 01 / 1 / 1
Price targets hit / missed5 / 15 (25%)9 / 57 (14%)
Avg. return after a rating (TipRanks)-5.8%-37.6%
Best / worst call+47.0% / -41.2%+194.0% / -96.7%

After buy calls on this stock: not enough measured cases yet

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Oliver ChenTD Cowen50% hit rate on this stock · 10 targets measuredBuytarget $4.50May 15, 2026

Latest ratings

DateAnalystCallTarget
Oct 7, 2026Charles MinervinoSusquehannaHoldMaintained$3.00
Aug 17, 2026Kristine LiwagMorgan StanleySellReiterated$2.00
Aug 14, 2026Kristine LiwagMorgan StanleySellMaintained$2.00
Aug 14, 2026Charles MinervinoSusquehannaHoldMaintained$3.00
May 18, 2026Charles MinervinoSusquehannaHoldMaintained$3.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$3.00$4.00$5.00$6.00Nov 25 · Buy 1 · Hold 3 · Sell 2Nov 25Dec 25 · Buy 1 · Hold 3 · Sell 2Jan 26 · Buy 1 · Hold 3 · Sell 2Jan 26Feb 26 · Buy 1 · Hold 3 · Sell 1Mar 26 · Buy 1 · Hold 3 · Sell 1Mar 26Apr 26 · Buy 2 · Hold 3 · Sell 1May 26 · Buy 2 · Hold 4 · Sell 1May 26Jun 26 · Buy 2 · Hold 4 · Sell 1Jul 26 · Buy 2 · Hold 4 · Sell 1Jul 26Aug 26 · Buy 2 · Hold 4 · Sell 1Sep 26 · Buy 2 · Hold 3 · Sell 1Sep 26Oct 26 · Buy 2 · Hold 3 · Sell 1Nov 25 · avg. target $3.37Dec 25 · avg. target $3.33Jan 26 · avg. target $3.23Feb 26 · avg. target $3.53Mar 26 · avg. target $3.53Apr 26 · avg. target $3.66May 26 · avg. target $3.63Jun 26 · avg. target $3.63Jul 26 · avg. target $3.63Aug 26 · avg. target $3.63Sep 26 · avg. target $3.63Oct 26 · avg. target $3.63Nov 25 · month-end close $3.87Dec 25 · month-end close $3.21Jan 26 · month-end close $2.85Feb 26 · month-end close $2.55Mar 26 · month-end close $2.43Apr 26 · month-end close $2.38May 26 · month-end close $6.18Jun 26 · month-end close $2.89Jul 26 · month-end close $2.55Aug 26 · month-end close $2.92Sep 26 · month-end close $2.99Oct 26 · month-end close $2.84

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 9, 2026 · 22 ratings

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