Stock Analysis
Virgin Galactic Holdings, Inc.SPCE
Sector: Industrials · Industry: Transportation Services
AnalystsSell13 analystsPrice is 5% of the way from the year's low to its high.
Cash covers 111% of debt · FY 2025.
PMP Verdict
Weak fundamentals
Risks
- Growth0
- Profitability0
Weak fundamentals — valuation is the only support.
Market context
-5.8% today· Z 1.3σ
What's happening with SPCE
Profile
growth, profitability, moat, valuation, earnings quality and financial health lag behind.
How is each axis scored?
- Valuation20/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-104.4%)0/25
- P/S (356.5x)0/25
- EV/EBIT (n/a)10/25
- Growth0/100 · Weak
- Revenue CAGR (-17.2%)0/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-83.6%)0/25
- ROE (-90.4%)0/25
- Net margin (-23867.4%)0/25
- Operating margin (-24804.5%)0/25
- Financial Health46/100 · Weak
- Altman Z (-5.58)3/25
- Current ratio (1.78)18/25
- Interest coverage (-34.4x)0/25
- Net cash / debt (Net cash)25/25
- Quality30/100 · Weak
- Piotroski F (2/9)5/25
- Beneish M (-2.87)25/25
- FCF conversion (n/a)0/25
- Margin stability (σ 25074.0%)0/25
- Moat0/100 · Weak
- ROIC >12% years (n/a)0/25
- Median gross margin (17.6%)0/25
- FCF-positive years (0/7 yrs)0/25
- Worst-year net margin (worst -114720.6%)0/25
Risk Flags
- ⚠Altman Z -5.6 — distress-zone balance sheet
- ⚠Negative FCF margin (-2.0%) — burning cash
- ⚠SBC 1930.7% of revenue — real dilution cost
- ⚠7 loss-making years in recent history
- ⚠Interest coverage -34.4× — thin debt cushion
About Virgin Galactic Holdings, Inc.
Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures air and space vehicles. Show more
Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
Headquarters: TUSTIN, CA · Employees: 694 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
20EP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF—
Price / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-104.4%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -640.5%–-3.9% · 45th pct
P/S (TTM)356.45xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 7.8x–11048.0x · 59th pct
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales408.1xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E—
Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.35xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
0EROIC-83.6%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-90.4%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-30.7%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-23867.4%D
Grade D: LowNet Income / Revenue
Operating Margin-24804.5%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin-9106.1%D
Grade D: LowGross Profit / Revenue
FCF Margin-200.0%D
Grade D: LowFCF / Revenue
True FCF Margin-39162.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
0ERevenue CAGR-17.2%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+1169.8%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue1930.7%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
46D+Altman Z-Score-5.58D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.78xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.62xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-34.4xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT0.1xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity1.01xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt1.11xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
30DPiotroski F-Score2/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score-2.87A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability25074.0%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue16764.0%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.00xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Chitale Aparna Filed | Chitale Aparna | Option exercise | -524 | |
Chitale Aparna Filed | Chitale Aparna | Tax withholding | -283 | |
Chitale Aparna Filed | Chitale Aparna | Option exercise | +524 | |
Colglazier Michael A Filed | Colglazier Michael A | Option exercise | -2273 | |
Colglazier Michael A Filed | Colglazier Michael A | Tax withholding | -1227 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Colglazier Michael A Filed | Colglazier Michael A | Option exercise | +2.3K | |
Ahrens Douglas T Filed | Ahrens Douglas T | Option exercise | -1377 | |
Ahrens Douglas T Filed | Ahrens Douglas T | Tax withholding | -743 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
0EROIC >12% Years—
Share of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)17.6%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years0/7 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-114720.6%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$1.81
Cash & short-term investments per share (Finnhub)
Book Value / Share$2.80
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$276.36M
Total debt obligations (short + long term)
Cash & Equiv.$307.04M
Cash and short-term investments
Net Debt$-30.68MA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$273.96M
Shareholders' equity (book value)
Asset / Liability1.52xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$370.00M
Current Market Capitalization
Beta3.12D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Virgin Galactic Holdings, Inc. (SPCE)
SPCE is down 5.81% at the last close. Virgin Galactic Holdings, Inc. meets only 2 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of -5.58 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.87 suggests a low likelihood of earnings manipulation. Revenue has been contracting (CAGR ≈ -17%), which weighs on the growth outlook.
- Free-cash-flow margin is negative (-200%) — the business currently burns cash.
- Company is effectively debt-free after netting cash.
- Interest coverage of -34.4× leaves little room for earnings shocks.
- Virgin Galactic Holdings, Inc. posted a net loss in 7 of 9 available completed fiscal years (2017–2025).
- At a valuation score of 20/100, SPCE trades at a premium to its historical multiples.
See how SPCE ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all SPCE moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 23 | Regular | 3.11 | -6.40% | -2.26 |
| Sep 21 | Regular | 3.27 | +6.35% | 2.19 |
| Sep 21 | After-hours | 3.30 | +7.49% | 2.57 |
| Sep 17 | Regular | 3.11 | +5.97% | 2.46 |
Frequently Asked Questions about SPCE
What is the current Virgin Galactic Holdings, Inc. (SPCE) stock price?
SPCE is trading at $2.43 at the last market close, down 5.81% on the session. PreMarketPrice tracks SPCE pre-market, intraday and after-hours prices.
Is SPCE stock a buy right now?
PreMarketPrice's quantitative model rates Virgin Galactic Holdings, Inc.'s financial health at 46/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is SPCE stock overvalued?
Virgin Galactic Holdings, Inc. trades at a trailing P/E of n/a and our valuation score rates it 20/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Virgin Galactic Holdings, Inc. report earnings?
No confirmed earnings date is currently scheduled for SPCE. The Earnings section lists recent reports and updates as dates are announced.
What sector does Virgin Galactic Holdings, Inc. operate in?
Virgin Galactic Holdings, Inc. operates in the Industrials sector, within the Transportation Services industry. The Related Stocks section lists sector peers for comparison.
What does Virgin Galactic Holdings, Inc. do?
Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures air and space vehicles.
About Virgin Galactic Holdings, Inc. (SPCE) Stock
Virgin Galactic Holdings, Inc. (SPCE) is a US-listed stock operating in the Industrials sector, specifically the Transportation Services industry. As of the latest update, Virgin Galactic Holdings, Inc. is trading at $2.43, down 5.81% on the day with a market capitalization of $370 million. The financial health score for SPCE is 46/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for SPCE stock.
SPCE Stock Analysis & Key Metrics
On PreMarketPrice, you can track Virgin Galactic Holdings, Inc. (SPCE) across multiple dimensions:
- Pre-market price & movement: Real-time SPCE stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for SPCE with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Virgin Galactic Holdings, Inc. across multiple reporting periods.
- Financial health score: A composite score of 46/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for SPCE.
- Sector peers: Compare SPCE against 6 other industrials stocks on key financial metrics.
Is SPCE a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Virgin Galactic Holdings, Inc. (SPCE) as an investment. The financial health score of 46/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Virgin Galactic Holdings, Inc. (SPCE) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.