Overview

* Virgin Galactic ( SPCE ) Q3 revenue misses analyst expectations, with a slight year-over-year decrease

* Net loss for Q3 improves to $64 mln, driven by lower operating expenses

* Company maintains strong cash position with $424 mln in cash and equivalents, as of September 30, 2025.

Outlook

* Virgin Galactic expects free cash flow of $(90) mln to $(100) mln for Q4 2025

* Company plans first commercial spaceflight for Q4 2026

* Virgin Galactic to start spaceflight sales in Q1 2026

Result Drivers

* COST MANAGEMENT - Lower operating expenses contributed to improved net loss for Q3 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $365,000 $395,830

Revenue (6

Analysts

)

Q3 EPS -$1.09

Q3 Net -$64.42

Income mln

Q3 $66.53

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy."

* Wall Street's median 12-month price target for Virgin Galactic Holdings Inc ( SPCE ) is $3.92, about 7.5% above its November 12 closing price of $3.62

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)