Virgin Galactic Announces Second Quarter 2026 Financial Results and Provides Business Update
Virgin Galactic reported Q2 revenue of $0.1 million and a net loss of $56 million, with free cash flow totaling $(91) million for the quarter. The company delayed the start of commercial service to February 2027 from the prior Q4 2026 target to complete systems installations, pushing the revenue ramp back by several months.
Key figures
- Fcf
- $(91) million
- Revenue
- $0.1 million
- Guidance
- Q3 2026 FCF $(95)M-$(100)M; Q4 2026 FCF $(80)M-$(90)M
- Cash Position
- $286 million
- Deal Value Usd
- $134 million
- Shares Offered
- 41 million
- Ticket price point
- $750,000
- Future revenue addition
- $50 million
- Debt reduction 2027 notes
- $52.5 million
- Debt reduction 2028 notes
- $40.5 million
AI analysis
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