Financial Performance Overview

Virgin Galactic Holdings Inc. reported a significant improvement in its financial health, announcing a net loss of $67 million for the second quarter of fiscal 2025. This marks a notable reduction from the $94 million loss recorded in the same period the previous year.

Revenue and Earnings Per Share

The company's revenue took a sharp downturn, coming in at just $0.4 million—a 90% decrease year-over-year. Despite this, the loss per share showed improvement, standing at $1.47 compared to $4.36 in the second quarter of 2024.

Strategic Focus and Future Plans

"Our disciplined approach has enabled us to reduce quarterly cash spending and operating expenses," stated Michael Colglazier, CEO of Virgin Galactic. He also highlighted the company's roadmap, with commercial service slated for 2026 and both research and private astronaut flights anticipated to commence in the fall of the following year.

Market Reaction

Following the earnings report, Virgin Galactic's stock experienced a surge, climbing 14.02% in after-hours trading to $4.31 per share at 4:42 pm ET.