SPCE: Virgin Galactic Holdings Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Virgin Galactic Holdings Inc (SPCE).
$169.79M Market Cap.
SPCE Market Cap. (MRY)
SPCE Shares Outstanding (MRY)
SPCE Assets (MRY)
Total Assets
$961.23M
Total Liabilities
$638.95M
Total Investments
$445.90M
SPCE Income (MRY)
Revenue
$7.04M
Net Income
-$346.74M
Operating Expense
$293.64M
SPCE Cash Flow (MRY)
CF Operations
-$352.70M
CF Investing
$175.66M
CF Financing
$134.34M
SPCE Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $961,225,000 (-18.51%) | $1,179,517,000 (3.47%) | $1,139,938,000 (6.65%) | $1,068,834,000 (32.94%) |
Assets Current | $627,936,000 (-33.96%) | $950,829,000 (-5.07%) | $1,001,614,000 (47.60%) | $678,592,000 (-6.78%) |
Assets Non-Current | $333,289,000 (45.74%) | $228,688,000 (65.33%) | $138,324,000 (-64.55%) | $390,242,000 (413.05%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $322,280,000 (-36.24%) | $505,476,000 (5.26%) | $480,223,000 (-46.30%) | $894,264,000 (69.66%) |
Property Plant & Equipment Net | $209,114,000 (122.92%) | $93,806,000 (74.82%) | $53,658,000 (12.97%) | $47,498,000 (-10.63%) |
Cash & Equivalents | $210,885,000 (-16.84%) | $253,592,000 (-25.99%) | $342,627,000 (-37.71%) | $550,030,000 (-18.99%) |
Accumulated Other Comprehensive Income | $278,000 (-25.07%) | $371,000 (105.06%) | -$7,326,000 (-291.97%) | -$1,869,000 (-37480.00%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $445,901,000 (-38.82%) | $728,834,000 (14.40%) | $637,108,000 (67.27%) | $380,881,000 (0%) |
Investments Current | $384,621,000 (-41.48%) | $657,238,000 (8.33%) | $606,716,000 (663.95%) | $79,418,000 (0%) |
Investments Non-Current | $61,280,000 (-14.41%) | $71,596,000 (135.58%) | $30,392,000 (-89.92%) | $301,463,000 (0%) |
Inventory | $0 (0%) | $0 (0%) | $24,043,000 (-18.96%) | $29,668,000 (-2.67%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $3,696,000 (-88.60%) | $32,415,000 (98.55%) | $16,326,000 (76.75%) | $9,237,000 (54.00%) |
Accumulated Retained Earnings (Deficit) | -$2,472,872,000 (-16.31%) | -$2,126,132,000 (-30.94%) | -$1,623,795,000 (-44.51%) | -$1,123,643,000 (-45.79%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $420,120,000 (0.53%) | $417,886,000 (0.52%) | $415,720,000 (0%) | $0 (0%) |
Debt Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Debt Non-Current | $420,120,000 (0.53%) | $417,886,000 (0.52%) | $415,720,000 (0%) | $0 (0%) |
Total Liabilities | $638,945,000 (-5.21%) | $674,041,000 (2.17%) | $659,715,000 (277.91%) | $174,570,000 (-36.96%) |
Liabilities Current | $150,010,000 (-19.20%) | $185,660,000 (0.87%) | $184,053,000 (39.94%) | $131,523,000 (14.35%) |
Liabilities Non-Current | $488,935,000 (0.11%) | $488,381,000 (2.67%) | $475,662,000 (1004.98%) | $43,047,000 (-73.41%) |
SPCE Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $7,036,000 (3.47%) | $6,800,000 (194.12%) | $2,312,000 (-29.77%) | $3,292,000 (1283.19%) |
Cost of Revenue | $90,024,000 (78.13%) | $50,538,000 (2551.52%) | $1,906,000 (600.74%) | $272,000 (57.23%) |
Selling General & Administrative Expense | $125,496,000 (-28.23%) | $174,864,000 (-0.15%) | $175,118,000 (4.98%) | $166,814,000 (50.01%) |
Research & Development Expense | $152,678,000 (-48.27%) | $295,140,000 (-6.06%) | $314,174,000 (117.84%) | $144,223,000 (-6.57%) |
Operating Expenses | $293,641,000 (-39.80%) | $487,771,000 (-2.52%) | $500,390,000 (55.13%) | $322,555,000 (17.14%) |
Interest Expense | $12,927,000 (0.43%) | $12,872,000 (6.12%) | $12,130,000 (48420.00%) | $25,000 (-30.56%) |
Income Tax Expense | $74,000 (-83.66%) | $453,000 (-24.25%) | $598,000 (656.96%) | $79,000 (1216.67%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$346,740,000 (30.97%) | -$502,337,000 (-0.44%) | -$500,152,000 (-41.73%) | -$352,899,000 (45.28%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$346,740,000 (30.97%) | -$502,337,000 (-0.44%) | -$500,152,000 (-41.73%) | -$352,899,000 (45.28%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$346,740,000 (30.97%) | -$502,337,000 (-0.44%) | -$500,152,000 (-41.73%) | -$352,899,000 (45.28%) |
Weighted Average Shares | $24,955,000 (47.99%) | $16,863,000 (27.78%) | $13,197,350 (6.59%) | $12,380,950 (13.01%) |
Weighted Average Shares Diluted | $24,955,000 (47.99%) | $16,863,000 (27.78%) | $13,197,350 (6.59%) | $12,380,950 (13.01%) |
Earning Before Interest & Taxes (EBIT) | -$333,739,000 (31.75%) | -$489,012,000 (-0.33%) | -$487,424,000 (-38.16%) | -$352,795,000 (45.29%) |
Gross Profit | -$82,988,000 (-89.74%) | -$43,738,000 (-10872.91%) | $406,000 (-86.56%) | $3,020,000 (4546.15%) |
Operating Income | -$376,629,000 (29.14%) | -$531,509,000 (-6.31%) | -$499,984,000 (-56.47%) | -$319,535,000 (-16.07%) |
SPCE Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $175,656,000 (251.07%) | -$116,273,000 (59.37%) | -$286,165,000 (26.15%) | -$387,519,000 (-2152.89%) |
Net Cash Flow from Financing | $134,340,000 (-71.74%) | $475,431,000 (3.58%) | $459,003,000 (-6.20%) | $489,357,000 (12.09%) |
Net Cash Flow from Operations | -$352,703,000 (21.31%) | -$448,193,000 (-17.87%) | -$380,241,000 (-64.78%) | -$230,763,000 (1.03%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$42,707,000 (52.03%) | -$89,035,000 (57.07%) | -$207,403,000 (-60.87%) | -$128,925,000 (-169.23%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $296,901,000 (512.57%) | -$71,964,000 (73.31%) | -$269,676,000 (29.57%) | -$382,884,000 (0%) |
Capital Expenditure | -$121,855,000 (-175.01%) | -$44,309,000 (-168.72%) | -$16,489,000 (-255.75%) | -$4,635,000 (73.05%) |
Issuance (Repayment) of Debt Securities | -$193,000 (17.87%) | -$235,000 (-100.06%) | $413,178,000 (91917.33%) | -$450,000 (-3.93%) |
Issuance (Purchase) of Equity Shares | $135,742,000 (-71.66%) | $478,906,000 (368.93%) | $102,127,000 (-80.10%) | $513,208,000 (16.16%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $29,752,000 (-32.78%) | $44,258,000 (-3.17%) | $45,709,000 (-26.04%) | $61,805,000 (103.82%) |
Depreciation Amortization & Accretion | $15,467,000 (15.69%) | $13,369,000 (20.46%) | $11,098,000 (-3.65%) | $11,518,000 (17.76%) |
SPCE Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | -1179.50% (-83.38%) | -643.20% (-3754.55%) | 17.60% (-80.81%) | 91.70% (235.90%) |
Profit Margin | -4928.10% (33.29%) | -7387.30% (65.85%) | -21632.90% (-101.80%) | -10719.90% (96.04%) |
EBITDA Margin | -4523.50% (35.33%) | -6994.80% (66.05%) | -20602.30% (-98.73%) | -10366.90% (96.11%) |
Return on Average Equity (ROAE) | -92.40% (10.03%) | -102.70% (-28.21%) | -80.10% (-54.93%) | -51.70% (59.51%) |
Return on Average Assets (ROAA) | -33.70% (22.35%) | -43.40% (-8.77%) | -39.90% (-2.31%) | -39.00% (59.03%) |
Return on Sales (ROS) | -4743.30% (34.04%) | -7191.40% (65.89%) | -21082.40% (-96.72%) | -10716.70% (96.04%) |
Return on Invested Capital (ROIC) | -31.20% (33.48%) | -46.90% (-1.96%) | -46.00% (78.06%) | -209.70% (97.02%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -0.42 (74.29%) | -1.65 (10.65%) | -1.84 (80.32%) | -9.36 (-15.93%) |
Price to Sales Ratio (P/S) | 20.86 (-82.84%) | 121.51 (-69.41%) | 397.29 (-60.52%) | 1,006.42 (-95.39%) |
Price to Book Ratio (P/B) | 0.53 (-72.79%) | 1.94 (-2.66%) | 1.99 (-48.45%) | 3.86 (-63.42%) |
Debt to Equity Ratio (D/E) | 1.98 (48.76%) | 1.33 (-2.98%) | 1.37 (604.62%) | 0.2 (-62.86%) |
Earnings Per Share (EPS) | -13.89 (53.37%) | -29.79 (21.19%) | -37.8 (-32.17%) | -28.6 (51.36%) |
Sales Per Share (SPS) | 0.28 (-30.02%) | 0.4 (130.29%) | 0.17 (-34.21%) | 0.27 (1109.09%) |
Free Cash Flow Per Share (FCFPS) | -19.02 (34.89%) | -29.21 (2.84%) | -30.06 (-58.11%) | -19.01 (16.80%) |
Book Value Per Share (BVPS) | 12.91 (-56.92%) | 29.98 (-17.62%) | 36.39 (-49.62%) | 72.23 (50.13%) |
Tangible Assets Book Value Per Share (TABVPS) | 38.52 (-44.93%) | 69.95 (-19.02%) | 86.38 (0.05%) | 86.33 (17.63%) |
Enterprise Value Over EBIT (EV/EBIT) | -1 (50.00%) | -2 (0.00%) | -2 (75.00%) | -8 (-14.29%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -1.21 (49.05%) | -2.37 (-20.60%) | -1.97 (75.44%) | -8 (-5.76%) |
Asset Turnover | 0.01 (16.67%) | 0.01 (200.00%) | 0 (-50.00%) | 0 (0%) |
Current Ratio | 4.19 (-18.26%) | 5.12 (-5.90%) | 5.44 (5.49%) | 5.16 (-18.49%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$474,558,000 (3.64%) | -$492,502,000 (-24.14%) | -$396,730,000 (-68.54%) | -$235,398,000 (5.98%) |
Enterprise Value (EV) | $384,626,911 (-65.89%) | $1,127,579,458 (20.43%) | $936,293,908 (-65.72%) | $2,731,547,003 (-43.17%) |
Earnings Before Tax (EBT) | -$346,666,000 (30.93%) | -$501,884,000 (-0.47%) | -$499,554,000 (-41.59%) | -$352,820,000 (45.29%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$318,272,000 (33.09%) | -$475,643,000 (0.14%) | -$476,326,000 (-39.57%) | -$341,277,000 (46.26%) |
Invested Capital | $1,020,450,000 (-11.89%) | $1,158,151,000 (12.55%) | $1,028,978,000 (165.69%) | $387,281,000 (3767.40%) |
Working Capital | $477,926,000 (-37.54%) | $765,169,000 (-6.41%) | $817,561,000 (49.44%) | $547,069,000 (-10.74%) |
Tangible Asset Value | $961,225,000 (-18.51%) | $1,179,517,000 (3.47%) | $1,139,938,000 (6.65%) | $1,068,834,000 (32.94%) |
Market Capitalization | $169,787,911 (-82.66%) | $979,302,458 (2.49%) | $955,465,908 (-72.32%) | $3,452,190,003 (-37.92%) |
Average Equity | $375,170,250 (-23.28%) | $489,039,250 (-21.64%) | $624,109,500 (-8.53%) | $682,315,000 (35.14%) |
Average Assets | $1,029,565,750 (-11.01%) | $1,156,949,750 (-7.81%) | $1,254,935,500 (38.72%) | $904,625,000 (33.57%) |
Invested Capital Average | $1,068,927,500 (2.42%) | $1,043,668,250 (-1.57%) | $1,060,278,500 (530.28%) | $168,222,500 (1736.94%) |
Shares | 28,875,495 (44.48%) | 19,985,764 (45.58%) | 13,727,958 (6.41%) | 12,900,561 (10.10%) |
