Virgin Galactic Q2 FY26 net loss narrows to $56 million; revenue slips to $134,000
Reuters2026/08/12 20:07- Virgin Galactic posted Q2 net loss of USD 56 million, narrowing from a USD 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 USD 65.06 million from USD 70.35 million; adjusted EBITDA held at USD -52 million.
- Free cash flow improved to USD -91 million from USD -114 million; cash, equivalents and marketable securities totaled USD 286 million.
- First commercial spaceflight shifted to February 2027; October 2026 flight-test phase start, Q4 2026 rocket production, positive quarterly cash flow targeted in 2027.
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