Virgin Galactic Holdings, Inc. filed its quarterly report on Form 10-Q with the SEC on August 12, 2026, covering the three- and six-month periods ended June 30, 2026, and disclosing financial results, balance sheet data, and share count as of that date.

Key Highlights

  • Revenue fell sharply: The company reported revenue of $134 thousand for the three months ended June 30, 2026, compared with $406 thousand in the same period of 2025.
  • Six-month revenue also declined: Revenue for the six months ended June 30, 2026 was $361 thousand, down from $867 thousand for the same period in 2025.
  • Accumulated deficit widened: The accumulated deficit stood at $2,872,383 thousand as of June 30, 2026, compared with $2,751,779 thousand as of December 31, 2025.
  • Shares outstanding nearly doubled: Common shares issued and outstanding increased to 141,277,897 as of June 30, 2026 from 73,326,504 as of December 31, 2025; as of August 5, 2026, the count was 151,595,903.
  • Total assets grew modestly: Total assets were $816,276 thousand as of June 30, 2026, up from $803,179 thousand at December 31, 2025.
  • Total liabilities declined: Total liabilities decreased to $420,162 thousand from $529,215 thousand at December 31, 2025, with long-term debt falling to $189,056 thousand from $276,362 thousand.
  • Cash position improved: Cash and cash equivalents were $187,340 thousand at June 30, 2026, up from $144,727 thousand at December 31, 2025.

Virgin Galactic Q2 2026 Financials: Revenue Declines, Shares Surge, Debt Reduced

According to the filing, Virgin Galactic Holdings, Inc. (NYSE:SPCE) reported revenue of $134 thousand for the three months ended June 30, 2026, a decline from $406 thousand in the corresponding prior-year quarter. For the six-month period, the company reported $361 thousand in revenue versus $867 thousand a year earlier. The filing provides no explanation for the revenue changes within the excerpted financial statements themselves.

The company's balance sheet as of June 30, 2026 showed total assets of $816,276 thousand and total stockholders' equity of $396,114 thousand, compared with $273,964 thousand at December 31, 2025, according to the filing. The increase in equity is reflected alongside a near-doubling of shares issued and outstanding, from 73,326,504 at year-end 2025 to 141,277,897 at the end of the second quarter, with additional paid-in capital rising to $3,268,427 thousand from $3,025,604 thousand. The accumulated deficit grew to $2,872,383 thousand from $2,751,779 thousand over the same period.

The filing disclosed that total liabilities decreased to $420,162 thousand from $529,215 thousand at December 31, 2025. Long-term debt fell from $276,362 thousand to $189,056 thousand, and the current portion of long-term debt declined from $47,830 thousand to $29,983 thousand. Customer deposits were $80,270 thousand as of June 30, 2026, up slightly from $78,535 thousand at year-end 2025. The filing notes that it contains forward-looking statements subject to the company's cautionary language, and that those statements are based on current management beliefs and available information.

What Was Disclosed

Virgin Galactic's 10-Q for the period ended June 30, 2026 disclosed quarterly and six-month revenue figures, balance sheet data including assets, liabilities, and stockholders' equity, an expanded share count, reduced long-term debt, and an increased accumulated deficit relative to year-end 2025.