Company / R&D Expense
Virgin Galactic Holdings, Inc R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$152.7M
FY2025
5-year range
$132.9M / $295.1M
FY2021-FY2025
Trend
-48.3%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 7 years, ranging from $93M in FY2019 to $295M in FY2024.
Based on SEC 10-K filings.
$153M in FY2025 with a 5-year CAGR of +5.3%.
Improved from $144M to $153M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -0.4%
- 5-Year CAGR
- +5.3%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +5.3%, indicating consistent growth.
- In FY2025, r&d expense decreased 48.3% year-over-year.
- Peak r&d expense was recorded in FY2024.
- Lowest r&d expense in the period was in FY2019.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -1.02 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $152.7M | -48.3% |
| FY2024 | $295.1M | +104.6% |
| FY2023 | $144.2M | -6.6% |
| FY2022 | $154.4M | +16.2% |
| FY2021 | $132.9M | +12.7% |
| FY2020 | $117.9M | +26.7% |
| FY2019 | $93.1M | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026