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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently Virgin Galactic runs and where it’s prioritizing investment, crucial for understanding its path to profitability and strategic focus in the emerging space tourism industry.Spending has meaningfully reallocated from development to operations: R&D has been pared back while depreciation rose (reflecting heavy CapEx and capitalized assets) and a new, sizable — and volatile — customer‑experience line has emerged as the company prepares for revenue-generating flights. SG&A cuts show cost discipline, but the payoff depends on converting customer‑experience outlays into ticket sales. Management’s timeline and capex-backed scale make this transition plausible, yet near‑term cash burn and a going‑concern disclosure make execution risk the primary investor concern.
Date | Research and Development | Selling, General, and Administrative | Depreciation and Amortization | Customer Experience |
|---|---|---|---|---|
Jun 30, 2026 | $4.34M | $28.56M | $3.98M | $28.18M |
Mar 31, 2026 | $6.71M | $25.55M | $3.92M | $29.64M |
Dec 31, 2025 | $12.08M | $26.80M | $3.97M | $18.24M |
Sep 30, 2025 | $14.95M | $27.96M | $4.12M | $19.50M |
Jun 30, 2025 | $20.12M | $31.85M | $4.17M | $14.21M |
Mar 31, 2025 | $33.31M | $30.55M | $4.22M | $20.83M |
Dec 31, 2024 | $28.24M | $29.70M | $4.17M | $20.27M |
Sep 30, 2024 | $23.94M | $33.98M | $4.34M | $19.87M |
Jun 30, 2024 | $41.53M | $33.93M | $3.26M | $27.29M |
Mar 31, 2024 | $58.97M | $27.88M | $3.70M | $22.59M |