For the year ending 2025-12-31, SPCE had -$35,170K decrease in cash & cash equivalents over the period. -$438,187K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -278,907 |
| Stock-based compensation | 18,698 |
| Depreciation and amortization | 16,485 |
| Amortization of debt issuance costs | 2,292 |
| Accretion of marketable securities purchased at a discount | 6,071 |
| Other non-cash items | 4 |
| Other current and non-current assets | 3,609 |
| Accounts payable | 11,220 |
| Customer deposits | -5,958 |
| Other current and non-current liabilities | 5,712 |
| Net cash used in operating activities | -240,142 |
| Capital expenditures | 198,045 |
| Purchases of marketable securities | 313,043 |
| Proceeds from maturities and calls of marketable securities | 601,923 |
| Other investing activities | -8 |
| Net cash provided by investing activities | 90,843 |
| Proceeds from issuance of long-term debt | 212,496 |
| Repurchase of convertible debt | 320,601 |
| Debt issuance costs | 1,827 |
| Payments of finance lease obligations | 211 |
| Proceeds from issuance of common stock pursuant to at-the-market offering-At The Market Offering | 121,643 |
| Transaction costs related to issuance of common stock-At The Market Offering | 3,523 |
| Proceeds from issuance of common stock pursuant to at-the-market offering-Registered Offering | 45,588 |
| Proceeds from issuance of purchase warrants | 62,517 |
| Transaction costs related to issuance of common stock-Warrant | 2,243 |
| Proceeds from issuance of common stock pursuant to espp | 473 |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | 183 |
| Other financing activities | 0 |
| Net cash provided by financing activities | 114,129 |
| Net decrease in cash, cash equivalents and restricted cash | -35,170 |
| Cash, cash equivalents and restricted cash at beginning of year | 210,885 |
| Cash, cash equivalents and restricted cash at end of year | 175,715 |
Virgin Galactic Holdings, Inc (SPCE)
Virgin Galactic Holdings, Inc (SPCE)