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AI brief of an SEC Form 8-K · Virgin Galactic Holdings, Inc (SPCE)

Virgin Galactic Q2 loss narrows to $56 million as revenue falls to $0.1 million

Mixed Impact 3 of 5 earnings Written later

Virgin Galactic reported a second-quarter 2026 net loss of $56 million, down from $67 million a year earlier, helped by an $8.6 million gain on extinguishment of debt. Revenue fell to $0.1 million from $0.4 million, and the company said its first commercial spaceflight has moved to February 2027 from the fourth quarter of 2026 to complete systems installations.

Key points

  • Net loss of $56 million versus $67 million in Q2 2025; revenue of $0.1 million versus $0.4 million
  • First commercial spaceflight moved to February 2027 from the fourth quarter of 2026
  • Free cash flow guidance: $(95) million to $(100) million in Q3 2026 and $(80) million to $(90) million in Q4 2026
  • Cash, cash equivalents and marketable securities of $286 million as of June 30, 2026

The filing

CompanyVirgin Galactic Holdings, Inc (SPCE)
Form8-K, current report
Filed with the SECAug 12, 2026, 4:13 PM ET
Accession number0001706946-26-000126

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.