Is Virgin Galactic profitable?
No. Virgin Galactic is still in the early stages of commercialization and remains far from profitability. Revenue is minimal while losses and cash burn remain significant.
In the second quarter of 2025, the company generated just $406,000 in revenue, down sharply from $4.2 million a year earlier due to a pause in commercial flights as it focuses on building its Delta Class spacecraft. That quarter also produced a net loss of $67.3 million, an improvement from the prior year thanks to lower operating costs.
Virgin Galactic used $55.4 million in operating cash during the quarter but ended with about $508 million in cash. Still, continued losses have forced the company to issue new shares, diluting existing investors. Profitability now hinges on successfully launching Delta Class commercial flights, currently targeted for 2026.