Virgin Galactic Holdings Inc
Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies. The company … Read more
Virgin Galactic Holdings Inc (SPCE) - Net Assets
Latest net assets as of September 2025: $225.90 Million USD
Based on the latest financial reports, Virgin Galactic Holdings Inc (SPCE) has net assets worth $225.90 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($853.54 Million) and total liabilities ($627.65 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $225.90 Million |
| % of Total Assets | 26.47% |
| Annual Growth Rate | -9.91% |
| 5-Year Change | -38.86% |
| 10-Year Change | N/A |
| Growth Volatility | 36.63 |
Virgin Galactic Holdings Inc - Net Assets Trend (2017–2024)
This chart illustrates how Virgin Galactic Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Virgin Galactic Holdings Inc (2017–2024)
The table below shows the annual net assets of Virgin Galactic Holdings Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $322.28 Million | -36.24% |
| 2023-12-31 | $505.48 Million | +5.26% |
| 2022-12-31 | $480.22 Million | -46.30% |
| 2021-12-31 | $894.26 Million | +69.66% |
| 2020-12-31 | $527.08 Million | +12.73% |
| 2019-12-31 | $467.56 Million | -31.24% |
| 2018-12-31 | $680.03 Million | +1.64% |
| 2017-12-31 | $669.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Virgin Galactic Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 185929.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.00% |
| Other Comprehensive Income | $278.00K | 0.09% |
| Other Components | $2.79 Billion | 867.22% |
| Total Equity | $322.28 Million | 100.00% |
Virgin Galactic Holdings Inc Competitors by Market Cap
The table below lists competitors of Virgin Galactic Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Golden Union Commercial Management Co Ltd
SHG:603682
|
$167.12 Million |
|
CoinShares International Limited
OTCQX:CNSRF
|
$167.17 Million |
|
475400
KQ:475400
|
$167.25 Million |
|
Synergie
LSE:0HDQ
|
$167.26 Million |
|
Promotora de Informaciones SA
MC:PRS
|
$167.04 Million |
|
BTS GROUP AB B SK 1
F:BX1B
|
$166.99 Million |
|
Hangzhou Tianyuan Pet Products Co. Ltd. A
SHE:301335
|
$166.94 Million |
|
Kocaer Celik Sanayi ve Ticaret A.S.
IS:KCAER
|
$166.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Virgin Galactic Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 505,476,000 to 322,280,000, a change of -183,196,000 (-36.2%).
- Net loss of 346,740,000 reduced equity.
- New share issuances of 137,796,000 increased equity.
- Other comprehensive income decreased equity by 93,000.
- Other factors increased equity by 25,841,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-346.74 Million | -107.59% |
| Share Issuances | $137.80 Million | +42.76% |
| Other Comprehensive Income | $-93.00K | -0.03% |
| Other Changes | $25.84 Million | +8.02% |
| Total Change | $- | -36.24% |
Book Value vs Market Value Analysis
This analysis compares Virgin Galactic Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.21x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.77x to 0.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $3.44 | $2.65 | x |
| 2018-12-31 | $70.23 | $2.65 | x |
| 2019-12-31 | $48.11 | $2.65 | x |
| 2020-12-31 | $48.11 | $2.65 | x |
| 2021-12-31 | $72.23 | $2.65 | x |
| 2022-12-31 | $36.39 | $2.65 | x |
| 2023-12-31 | $29.98 | $2.65 | x |
| 2024-12-31 | $12.91 | $2.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Virgin Galactic Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -107.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4928.08%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.98x
- Recent ROE (-107.59%) is below the historical average (-64.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.20% | 75.87% | 0.00x | 1.04x | $-65.58 Million |
| 2018 | 1.61% | 384.87% | 0.00x | 1.04x | $-57.04 Million |
| 2019 | -45.11% | -5578.82% | 0.01x | 1.30x | $-257.69 Million |
| 2020 | -122.35% | -270960.92% | 0.00x | 1.53x | $-697.59 Million |
| 2021 | -39.46% | -10719.90% | 0.00x | 1.20x | $-442.33 Million |
| 2022 | -104.15% | -21632.87% | 0.00x | 2.37x | $-548.17 Million |
| 2023 | -99.38% | -7387.31% | 0.01x | 2.33x | $-552.88 Million |
| 2024 | -107.59% | -4928.08% | 0.01x | 2.98x | $-378.97 Million |
Industry Comparison
This section compares Virgin Galactic Holdings Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Virgin Galactic Holdings Inc (SPCE) | $225.90 Million | 0.20% | 2.78x | $167.11 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |