Virgin Galactic (NYSE:SPCE) Issues Quarterly Earnings Results

Posted by George Bondi on May 16th, 2026

Virgin Galactic (NYSE:SPCE – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.81) earnings per share for the quarter, topping the consensus estimate of ($0.86) by $0.05, FiscalAI reports. The company had revenue of $0.23 million during the quarter, compared to analyst estimates of $0.20 million. Virgin Galactic had a negative net margin of 19,781.30% and a negative return on equity of 100.76%.

Here are the key takeaways from Virgin Galactic’s conference call:

Virgin Galactic said it remains on track for flight testing in Q3 and space flights in Q4 2026, with the first production spaceship moved into the test and launch hangar and ground testing underway.
The company highlighted progress on commercial readiness, including hiring pilots, advancing FAA Part 450 licensing, and beginning construction of a rocket motor assembly line expected to be operational in Q4.
Virgin Galactic said booking interest has been strong, with about 650 founding astronauts representing roughly a year of advanced bookings and new $750,000 tickets seeing qualified inquiries from customers in more than 20 countries.
First-quarter results showed limited revenue but improving cost discipline, with $200,000 of revenue, operating expenses down 26% year over year to $66 million, and free cash flow improving to negative $93 million.
Management emphasized a strengthening financial runway, citing $251 million in cash and marketable securities, continued ATM funding, and an early $10 million note redemption that reduces upcoming debt payments.

Virgin Galactic Stock Performance

Virgin Galactic stock traded down $0.07 during midday trading on Friday, reaching $2.81. 13,338,210 shares of the stock traded hands, compared to its average volume of 8,423,107. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average price of $2.65 and a two-hundred day moving average price of $3.03. The firm has a market cap of $228.68 million, a price-to-earnings ratio of -0.65 and a beta of 2.18. Virgin Galactic has a fifty-two week low of $2.13 and a fifty-two week high of $6.64.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Virgin Galactic in a report on Monday, April 20th. Wall Street Zen raised shares of Virgin Galactic from a “sell” rating to a “hold” rating in a report on Saturday. Susquehanna lifted their price target on shares of Virgin Galactic from $2.50 to $3.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Finally, Jefferies Financial Group lowered their price objective on shares of Virgin Galactic from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $3.33.

Check Out Our Latest Analysis on Virgin Galactic

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Virgin Galactic by 61.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,608 shares of the company’s stock valued at $53,000 after purchasing an additional 5,205 shares during the period. Bank of America Corp DE boosted its stake in Virgin Galactic by 34.1% during the 3rd quarter. Bank of America Corp DE now owns 23,002 shares of the company’s stock valued at $89,000 after purchasing an additional 5,844 shares during the period. American Century Companies Inc. boosted its stake in Virgin Galactic by 44.8% during the 2nd quarter. American Century Companies Inc. now owns 19,845 shares of the company’s stock valued at $54,000 after purchasing an additional 6,143 shares during the period. Russell Investments Group Ltd. boosted its stake in Virgin Galactic by 76.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,773 shares of the company’s stock valued at $46,000 after purchasing an additional 7,274 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Virgin Galactic by 21.9% during the 1st quarter. Rhumbline Advisers now owns 40,487 shares of the company’s stock worth $123,000 after buying an additional 7,282 shares in the last quarter. 46.62% of the stock is owned by institutional investors and hedge funds.

About Virgin Galactic

(Get Free Report)

Virgin Galactic Holdings, Inc (NYSE: SPCE) is a commercial spaceflight company developing and operating spacecraft for private individuals and research customers. The firm’s primary business is suborbital human spaceflight, offering passengers a brief trip to the edge of space aboard its reusable spaceplane. In parallel, the company is building out infrastructure and support services for suborbital payload deployments and microgravity research missions.

The core flight system consists of a carrier aircraft, WhiteKnightTwo, which lifts the spaceplane SpaceShipTwo to high altitude before release.