Virgin Galactic’s Third-Quarter Results Unverified; Shares Close at $2.87
Key Facts
Virgin Galactic shares, trading under the ticker SPCE, closed at $2.87 in the November 11, 2026 session, according to EL7 data. The claim that the company beat earnings-per-share or revenue expectations in the third quarter could not be verified. The Investing.com page cited for those figures could not be opened, and no accessible official third-quarter results disclosure was found to confirm them. The company had announced that its results would be released after the U.S. market close on November 12. It scheduled a call to discuss the results the same day at 5 p.m. Eastern Time.
Second-quarter results, published on August 12, provide a baseline for comparison when third-quarter figures are released. Virgin Galactic said revenue was $0.1 million in that quarter, compared with $0.4 million in the second quarter of 2025. The company attributed the revenue to entry fees related to future astronauts. It also recorded a net loss of $56 million, compared with a loss of $67 million in the same period of 2025. It said the narrower loss was mainly due to a gain from debt extinguishment and lower operating expenses.
The company reported cash, cash equivalents and marketable securities of $286 million as of June 30, 2026. That liquidity is part of the context for assessing the company’s ability to continue operating before commercial flights resume, while the timing of commercial service remained tied to development of its new fleet. In its second-quarter update, it said the first vehicle was expected to enter service in February 2027 instead of the fourth quarter of 2026, allowing more time to install avionics and electronic systems. Earlier guidance, issued with third-quarter 2025 results, had targeted the fourth quarter of 2026 for the first commercial flight. The move from that target to February 2027 reflects a change to the company’s announced timeline.
On October 28, Virgin Galactic announced that its Apeiron vehicle had arrived at Spaceport America in New Mexico, which it described as its permanent headquarters and operations base. It said it would complete software integration and verification there, alongside preparations for flight tests. The company expects commercial flights using Apeiron to begin in early second quarter 2027, following flight testing. It expects the second vehicle to begin commercial flights in late second quarter or early third quarter 2027. These remain announced operational expectations, while third-quarter results were scheduled for release after market close on November 12.