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Virgin Galactic Holdings, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 12, 2026, disclosing balance sheet and equity data for the period.

Key Highlights

  • Shares outstanding more than doubled: Common shares issued and outstanding rose to 151,601,493 as of September 30, 2026, from 73,326,504 as of December 31, 2025, according to the filing.
  • Accumulated deficit expanded: The accumulated deficit grew to $2,931,139 thousand as of September 30, 2026, compared with $2,751,779 thousand at December 31, 2025, the company disclosed.
  • Total assets declined: Total assets were reported at $747,023 thousand as of September 30, 2026, down from $803,179 thousand at December 31, 2025.
  • Marketable securities fell sharply: Marketable securities dropped to $8,991 thousand from $162,313 thousand at year-end 2025, according to the filing.
  • Total liabilities decreased: Total liabilities fell to $403,521 thousand from $529,215 thousand at December 31, 2025, the registrant reported.
  • Stockholders' equity increased: Total stockholders' equity rose to $343,502 thousand from $273,964 thousand at December 31, 2025, the filing shows.
  • Shares outstanding as of November 5, 2026: The company disclosed 151,681,991 shares of common stock outstanding as of that date.

Virgin Galactic Balance Sheet Shifts in the Nine Months Ended September 30, 2026

According to the quarterly report, Virgin Galactic Holdings, Inc. (NYSE:SPCE), a Delaware corporation headquartered at 1700 Flight Way, Tustin, California 92782, reported significant changes in its condensed consolidated balance sheet between December 31, 2025 and September 30, 2026. The company disclosed that total assets fell to $747,023 thousand from $803,179 thousand, with the decline in marketable securities - from $162,313 thousand to $8,991 thousand - being the most prominent driver among current assets. Cash and cash equivalents remained relatively stable at $144,007 thousand versus $144,727 thousand at year-end 2025.

The filing disclosed that property, plant and equipment, net, increased to $500,329 thousand from $388,730 thousand, suggesting continued capital investment during the period. On the liabilities side, total liabilities decreased to $403,521 thousand from $529,215 thousand, reflecting reductions in both long-term debt (from $276,362 thousand to $186,242 thousand) and the current portion of long-term debt (from $47,830 thousand to $30,098 thousand). Customer deposits, however, edged up to $80,460 thousand from $78,535 thousand.

The registrant reported that common shares issued and outstanding more than doubled to 151,601,493 from 73,326,504, with additional paid-in capital rising to $3,274,560 thousand from $3,025,604 thousand. Despite these equity additions, the accumulated deficit widened to $2,931,139 thousand from $2,751,779 thousand. The filing also contains forward-looking statements, which the company characterizes as subject to various risks and uncertainties, and notes that "you should not place undue reliance on such statements." The company is classified as a non-accelerated filer and a smaller reporting company.

What Was Disclosed

Virgin Galactic filed its unaudited quarterly report for the period ended September 30, 2026, disclosing balance sheet data showing a decline in total assets, a sharp reduction in marketable securities, more than a doubling of shares outstanding, and a widening accumulated deficit.