Virgin Galactic Q2 FY26 net loss narrows to $56 million; revenue slips to $134,000
SPCE•Commercial timeline pushed back
The company said the first commercial spaceflight has shifted to February 2027.
It now expects the flight-test phase to start in October 2026, with rocket production in Q4 2026.
Virgin Galactic is targeting positive quarterly cash flow in 2027.
Q2 results show narrower loss and lower revenue
Virgin Galactic posted a Q2 net loss of $56 million, narrowing from a $67 million loss a year earlier.
Revenue slipped to $134,000 from $406,000, reflecting access fees tied to future astronauts.
GAAP operating expenses eased to $65.06 million from $70.35 million; adjusted EBITDA held at -$52 million.
Free cash flow improved to -$91 million from -$114 million; cash, equivalents and marketable securities totaled $286 million.
