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VIRGIN GALACTIC HOLDINGS INC (SPCE) Stock Fundamental Analysis

USA - NYSE:SPCE - US92766K4031 - Common Stock

4.08 USD
-0.35 (-7.9%)
Last: 10/17/2025, 8:04:00 PM
4.1196 USD
+0.04 (+0.97%)
After Hours: 10/17/2025, 8:04:00 PM
Fundamental Rating

2

Taking everything into account, SPCE scores 2 out of 10 in our fundamental rating. SPCE was compared to 69 industry peers in the Aerospace & Defense industry. SPCE has a bad profitability rating. Also its financial health evaluation is rather negative. SPCE is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

SPCE had negative earnings in the past year.
In the past year SPCE has reported a negative cash flow from operations.
In the past 5 years SPCE always reported negative net income.
SPCE had a negative operating cash flow in each of the past 5 years.
SPCE Yearly Net Income VS EBIT VS OCF VS FCFSPCE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M -600M

1.2 Ratios

SPCE has a Return On Assets of -33.68%. This is in the lower half of the industry: SPCE underperforms 78.26% of its industry peers.
With a Return On Equity value of -114.94%, SPCE is not doing good in the industry: 78.26% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -33.68%
ROE -114.94%
ROIC N/A
ROA(3y)-40.85%
ROA(5y)-47.15%
ROE(3y)-103.71%
ROE(5y)-94.59%
ROIC(3y)N/A
ROIC(5y)N/A
SPCE Yearly ROA, ROE, ROICSPCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for SPCE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SPCE Yearly Profit, Operating, Gross MarginsSPCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 -50K -100K -150K -200K -250K

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3

2. Health

2.1 Basic Checks

SPCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
SPCE has more shares outstanding than it did 1 year ago.
SPCE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SPCE has a worse debt to assets ratio.
SPCE Yearly Shares OutstandingSPCE Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
SPCE Yearly Total Debt VS Total AssetsSPCE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of -4.53, we must say that SPCE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SPCE (-4.53) is worse than 88.41% of its industry peers.
SPCE has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of SPCE (1.60) is worse than 82.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF N/A
Altman-Z -4.53
ROIC/WACCN/A
WACC6.9%
SPCE Yearly LT Debt VS Equity VS FCFSPCE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

2.3 Liquidity

SPCE has a Current Ratio of 3.38. This indicates that SPCE is financially healthy and has no problem in meeting its short term obligations.
SPCE has a better Current ratio (3.38) than 75.36% of its industry peers.
A Quick Ratio of 3.38 indicates that SPCE has no problem at all paying its short term obligations.
SPCE's Quick ratio of 3.38 is amongst the best of the industry. SPCE outperforms 89.86% of its industry peers.
Industry RankSector Rank
Current Ratio 3.38
Quick Ratio 3.38
SPCE Yearly Current Assets VS Current LiabilitesSPCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 55.46% over the past year.
SPCE shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -84.20%.
Measured over the past years, SPCE shows a quite strong growth in Revenue. The Revenue has been growing by 13.23% on average per year.
EPS 1Y (TTM)55.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%67.66%
Revenue 1Y (TTM)-84.2%
Revenue growth 3Y28.84%
Revenue growth 5Y13.23%
Sales Q2Q%1%

3.2 Future

The Earnings Per Share is expected to grow by 15.62% on average over the next years. This is quite good.
Based on estimates for the next years, SPCE will show a very strong growth in Revenue. The Revenue will grow by 170.64% on average per year.
EPS Next Y55.78%
EPS Next 2Y31.31%
EPS Next 3Y25.81%
EPS Next 5Y15.62%
Revenue Next Year-67.02%
Revenue Next 2Y214.98%
Revenue Next 3Y260.46%
Revenue Next 5Y170.64%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SPCE Yearly Revenue VS EstimatesSPCE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
SPCE Yearly EPS VS EstimatesSPCE Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -10 -20 -30

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1

4. Valuation

4.1 Price/Earnings Ratio

SPCE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SPCE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SPCE Price Earnings VS Forward Price EarningsSPCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SPCE Per share dataSPCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 -6 -8

4.3 Compensation for Growth

A more expensive valuation may be justified as SPCE's earnings are expected to grow with 25.81% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y31.31%
EPS Next 3Y25.81%

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0

5. Dividend

5.1 Amount

SPCE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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VIRGIN GALACTIC HOLDINGS INC

NYSE:SPCE (10/17/2025, 8:04:00 PM)

After market: 4.1196 +0.04 (+0.97%)

4.08

-0.35 (-7.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners14.65%
Inst Owner Change0%
Ins Owners0.64%
Ins Owner Change0.43%
Market Cap234.97M
Analysts51.43
Price Target4 (-1.96%)
Short Float %18.86%
Short Ratio3.26
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.04%
Min EPS beat(2)13.07%
Max EPS beat(2)41.01%
EPS beat(4)4
Avg EPS beat(4)27.73%
Min EPS beat(4)13.07%
Max EPS beat(4)41.01%
EPS beat(8)8
Avg EPS beat(8)23.82%
EPS beat(12)9
Avg EPS beat(12)13.11%
EPS beat(16)10
Avg EPS beat(16)8.18%
Revenue beat(2)1
Avg Revenue beat(2)-6.65%
Min Revenue beat(2)-26.29%
Max Revenue beat(2)12.99%
Revenue beat(4)1
Avg Revenue beat(4)-44.12%
Min Revenue beat(4)-82.35%
Max Revenue beat(4)12.99%
Revenue beat(8)3
Avg Revenue beat(8)-26.65%
Revenue beat(12)5
Avg Revenue beat(12)26.87%
Revenue beat(16)8
Avg Revenue beat(16)48.21%
PT rev (1m)0%
PT rev (3m)-57.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)32.61%
EPS NY rev (1m)18.96%
EPS NY rev (3m)29.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-57.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-24.24%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 138.38
P/FCF N/A
P/OCF N/A
P/B 0.89
P/tB 0.89
EV/EBITDA N/A
EPS(TTM)-8.98
EYN/A
EPS(NY)-4.01
Fwd EYN/A
FCF(TTM)-8.17
FCFYN/A
OCF(TTM)-5.07
OCFYN/A
SpS0.03
BVpS4.57
TBVpS4.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -33.68%
ROE -114.94%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-40.85%
ROA(5y)-47.15%
ROE(3y)-103.71%
ROE(5y)-94.59%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1057.47%
Cap/Sales 10528.6%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.38
Quick Ratio 3.38
Altman-Z -4.53
F-Score2
WACC6.9%
ROIC/WACCN/A
Cap/Depr(3y)422.61%
Cap/Depr(5y)296.8%
Cap/Sales(3y)1032.44%
Cap/Sales(5y)2081.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)55.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%67.66%
EPS Next Y55.78%
EPS Next 2Y31.31%
EPS Next 3Y25.81%
EPS Next 5Y15.62%
Revenue 1Y (TTM)-84.2%
Revenue growth 3Y28.84%
Revenue growth 5Y13.23%
Sales Q2Q%1%
Revenue Next Year-67.02%
Revenue Next 2Y214.98%
Revenue Next 3Y260.46%
Revenue Next 5Y170.64%
EBIT growth 1Y26.31%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year32.54%
EBIT Next 3Y27.46%
EBIT Next 5Y26.38%
FCF growth 1Y8.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y40.31%
OCF growth 3YN/A
OCF growth 5YN/A