Flagship explainer

How Virgin Galactic Holdings, Inc makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.5M · 100%Cost of revenue$72.8M · 4713%Gross profit−$71.2M · −4613%Operating income−$285M · −18481%Income before tax−$279M · −18061%Income tax$52000 · 3%Net income−$279M · −18064%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.5M100%
Cost of revenue$72.8M4713%
−$71.2M−4613%
−$285M−18481%
Income before tax−$279M−18061%
Income tax$520003%
−$279M−18064%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full Virgin Galactic Holdings, Inc analysis at Buy Like Buffett