SPCE Revenue Drops 90%
Virgin Galactic (NYSE:SPCE), a company focused on commercial space tourism and spaceflight experiences, announced its results for the second quarter of fiscal 2025 on August 6, 2025. The key news was a 90% plunge in GAAP revenue to $0.4 million in Q2 2025 compared to Q2 2024, below the analyst consensus of $0.45 million (GAAP), as the company remains in a pre-revenue period with commercial operations paused. On the positive side, its net loss shrank to $1.47 per share (GAAP), substantially better than the estimated GAAP net loss per share of $2.34 and the prior year’s GAAP basic and diluted net loss per share of $4.36 in Q2 2024, due to sharply reduced operating expenses. The quarter showed strong progress on cost control and the ongoing ramp-up of the Delta Class SpaceShip program, yet cash burn remained high and revenue minimal.
Source: Analyst estimates for the quarter provided by FactSet.
Virgin Galactic runs commercial spaceflights for private individuals and researchers. Its main product, currently in a paused phase, has been human spaceflight aboard the VSS Unity spaceplane, part of its reusable suborbital fleet. The company aims to enable space tourism, offering a multi-day experience including astronaut training and community access. Customers are often high-net-worth individuals seeking an exclusive journey to the edge of space.
Source Fool.com
