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Just reported
Q3 2026 results
From Virgin Galactic's results release of November 12, 2026; its quarterly report has since been filed.
Revenue
Actual
$427K
+17% y/y
+219% q/qGuided
—
No guide given
EPS, GAAP
Actual
-$0.39
Guided
—
No guide given
Operating income, GAAP
Actual
-$59M
Guided
—
No guide given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
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The themes Virgin Galactic is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
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Graded A or B and worth $2B or more: A first, then the largest.
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Grade rose recently in Industrials
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
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How it makes money
- Private passenger spaceflights
- Research and education flights
- Aerospace engineering services
Competes with
- Blue Origin
What it sells3
Private astronaut spaceflight
A suborbital trip that includes preparation and training, a rocket-powered flight, several minutes of weightlessness and a runway landing.
Research and education spaceflight
A suborbital flight carrying scientific experiments, either as equipment alone or with researchers aboard to work with them.
Aerospace engineering services
Design, development, manufacturing and integration work on aerospace systems for outside customers.
Who buys it4
- Private individuals who reserve seats for suborbital space trips through a personalized sales process.
- Government agencies that fund research flights or buy spaceflight services.
- Universities and research organizations that arrange flights for experiments, researchers or student and faculty groups.
- Commercial research customers that pay to fly experiments or researchers.
What it stands on, and what could break it
What the business leans on
- 1Virgin Galactic needs Federal Aviation Administration licenses and approvals to operate its spaceflight system.
- 2It relies on suppliers and contractors for some materials, components and work on its next-generation spaceships.
- 3It uses the Virgin name under a trademark license controlled by Virgin Enterprises Limited.
- 4Its commercial flights are based at leased facilities at Spaceport America in New Mexico.
What could go wrong
- 1Delays building or testing the next-generation spaceships could postpone the return of commercial flights and prevent Virgin Galactic from reaching its intended flight rate.
- 2An accident, serious safety issue or failure to meet aviation and spaceflight rules could injure passengers, lead to flights being halted or licenses being suspended, and damage customer confidence.
- 3Virgin Galactic has significant cash needs and ongoing operating and construction costs; in its June 2026 quarterly report, management said its plans did not remove substantial doubt about its ability to continue operating for the next twelve months.
About Virgin Galactic Holdings, Inc.
A carrier aircraft lifts Virgin Galactic’s rocket-powered spaceship to high altitude, where the spaceship separates, flies into space and returns to a runway. Private passengers experience several minutes of weightlessness; researchers can fly experiments, sometimes with researchers aboard to tend them. Virgin Galactic has paused spaceflights while it builds its next-generation spaceships, and had no spaceflight revenue in the six months ended June 30, 2026.
- Head office
- Tustin, California, United States
- Founded
- 2004
- Employees
- 694 (December 31, 2025, high)
- Listed on
- New York Stock Exchange
- Financial year ends
- December 31
Built from Virgin Galactic Holdings, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
