SPCE
Virgin Galactic Holdings, Inc.3.1000
+0.0800+2.65%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
195.92MP/E (TTM)
-Basic EPS (TTM)
-6.84Dividend Yield
0%Recent Filings
8-K
Repurchased $355M notes, issued new debt
Virgin Galactic completed repurchases of $354.6 million of its 2.50% convertible notes due 2027, slashing outstanding principal to $70.4 million. It issued 2.2 million common shares and pre-funded warrants for 8.4 million more in a registered offering, plus $212.5 million of 9.80% first lien notes due 2028 and warrants for 31.7 million shares at $6.696 in a private placement—all on December 18, 2025. Debt swap hikes rates but adds security on assets; notes demand $30.4 million redemption by September 2026.
8-K
Virgin retires $355M notes
Virgin Galactic entered repurchase agreements to retire $355M of its 2.50% convertible notes due 2027, slashing that debt to $70M. It concurrently priced a $46M registered direct offering of common stock/pre-funded warrants and a $203M private placement of 9.80% first-lien notes due 2028 plus warrants for 30M shares—closing December 18. Debt matures later, secured by assets; no underwriters.
8-K
Q3 loss narrows, flights on track
Virgin Galactic reported Q3 2025 results with revenue steady at $0.4 million, net loss narrowing to $64 million from $75 million year-over-year, thanks to operating expenses dropping to $67 million. Cash reserves held at $424 million amid $51 million capex. First commercial spaceflight tracks for Q4 2026. Flight tests on schedule. Q4 free cash flow expected at $(90)-(100) million.
10-Q
Q3 FY2025 results
Virgin Galactic narrowed its Q3 operating loss to $66.2M from $81.7M y/y, while revenue dipped slightly to $365K from $402K; nine-month operating loss improved to $224.6M from $294.7M y/y amid lower R&D and spaceline costs from reduced headcount and subcontractors (derived). EPS loss shrank to $(1.09) on 59.3M shares from $(2.66) on 28.0M shares y/y, with anti-dilutive awards excluded. Cash burn eased, with $128.8M cash plus $264.8M short-term marketable securities funding $155.9M capex on Delta Class spaceships; $422M convertible notes due 2027 at 2.5% remain steady. ATM raised $109M net. Ongoing securities litigation lingers.
8-K
Bylaws amended for voting
Virgin Galactic Holdings amended its bylaws effective August 28, 2025, shifting stockholder voting to a majority of votes cast for most matters, excluding abstentions. The changes bolster proxy solicitation rules, demand fuller disclosures for director nominations and proposals, and set federal courts as the exclusive forum for Securities Act claims. These tweaks streamline governance while tightening stockholder engagement. No financial impact disclosed.
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