Virgin Galactic Holdings, Inc. SPCE NYSE

Virgin Galactic Holdings, Inc. (SPCE) generated $-240.14M in operating cash flow for fiscal year 2025. After capital expenditures of $198.05M, free cash flow was $-438.19M.

Free cash flow margin was -28380% of revenue. Cash conversion ratio was 0.86x, suggesting some earnings are non-cash.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (0/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (10/100) — Cash conversion ratio was 0.86x suggests some earnings are non-cash items

Overall SharesGrow Score: 38/100 with 2/7 criteria passed.