8-KCurrent report
Results of operations
✓ VerifiedVirgin Galactic reported a first-quarter net loss of $65 million, narrowed from $84 million, with $251 million of cash plus approximately $52 million raised in April through its at-the-market program.
Filed May 14, 2026 · 16:08 ET
Summary
- Revenue was $0.2 million from future-astronaut access fees, against $0.5 million a year earlier.
- GAAP operating expenses fell to $66 million from $89 million, and net loss narrowed to $65 million from $84 million.
- Cash, cash equivalents, and marketable securities were $251 million at March 31, 2026; April brought approximately $52 million of gross ATM proceeds with approximately $87 million remaining on the program.
- The company offered to redeem $10 million of debt due September 2026 with stock, which would leave $202 million outstanding on the first lien notes due December 2028.
Key facts
- Net loss
- $65 million
From the filing for Net loss
“Net loss of $65 million, compared to an $84 million net loss in the first quarter of 2025”
- Cash
- $251 million
From the filing for Cash
“cash, cash equivalents and marketable securities of $251 million as of March 31, 2026”
Why it mattersCosts are coming down through the Delta-class build, but the ATM is doing real work funding the gap.
- Filed
- May 14, 2026
- Accepted
- 2026-05-14 20:08Z
- Period
- May 14, 2026
- Accession no.
- 0001706946-26-000067
- Size
- 995 KB
- Index
- Filing index