Financial Statements — SPCE
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.19 | 0.12 | 0.13 | 0.16 | 0.14 | 0.17 | 0.18 | 0.20 | 0.23 | 0.36 | 0.42 | 0.39 | 0.33 | 0.60 | 0.70 | 0.55 | 0.62 |
| Short-term Investments | 0.07 | 0.10 | 0.26 | 0.31 | 0.35 | 0.48 | 0.59 | 0.57 | 0.77 | 0.58 | 0.42 | 0.61 | 0.59 | 0.27 | 0.03 | -- | -- |
| Inventory | -- | -- | -- | -- | -- | -- | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Current Assets | 0.31 | 0.28 | 0.46 | 0.53 | 0.55 | 0.71 | 0.84 | 0.84 | 1.08 | 1.02 | 0.92 | 1.09 | 1.01 | 0.95 | 0.79 | 0.61 | 0.67 |
| Property, Plant & Equipment | 0.47 | 0.43 | 0.35 | 0.31 | 0.25 | 0.18 | 0.14 | 0.11 | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Total Non-current Assets* | 0.50 | 0.47 | 0.39 | 0.37 | 0.36 | 0.30 | 0.22 | 0.24 | 0.19 | 0.12 | 0.11 | 0.17 | 0.26 | 0.40 | 0.33 | 0.07 | 0.07 |
| Total Assets | 0.82 | 0.75 | 0.85 | 0.90 | 0.90 | 1.02 | 1.06 | 1.08 | 1.27 | 1.15 | 1.03 | 1.26 | 1.27 | 1.35 | 1.12 | 0.68 | 0.75 |
| Accounts Payable | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Total Current Liabilities | 0.19 | 0.28 | 0.16 | 0.16 | 0.14 | 0.16 | 0.18 | 0.17 | 0.18 | 0.19 | 0.19 | 0.17 | 0.16 | 0.14 | 0.12 | 0.11 | 0.12 |
| Long-term Debt | 0.22 | 0.32 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 0.23 | 0.24 | 0.47 | 0.48 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.47 | 0.48 | 0.48 | 0.46 | 0.46 | 0.03 | 0.13 | 0.21 |
| Total Liabilities | 0.42 | 0.53 | 0.63 | 0.64 | 0.63 | 0.65 | 0.67 | 0.66 | 0.67 | 0.66 | 0.67 | 0.65 | 0.62 | 0.60 | 0.15 | 0.24 | 0.33 |
| Retained Earnings | (2.87) | (2.82) | (2.69) | (2.62) | (2.56) | (2.40) | (2.32) | (2.23) | (2.02) | (1.92) | (1.78) | (1.47) | (1.33) | (1.22) | (1.04) | (0.99) | (0.90) |
| Total Stockholder Equity | 0.40 | 0.22 | 0.23 | 0.26 | 0.27 | 0.37 | 0.39 | 0.42 | 0.60 | 0.48 | 0.37 | 0.61 | 0.65 | 0.75 | 0.97 | 0.45 | 0.42 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.13 | 0.23 | 0.31 | 0.37 | 0.41 | 0.46 | 0.43 | 0.40 | 4.22 | 1.99 | 2.81 | 1.73 | 1.87 | 0.39 | 0.87 | 0.77 | 0.36 | 0.32 | 0.14 | 2.58 |
| Cost of Revenue | 28.18 | 29.64 | 18.24 | 19.50 | 14.21 | 20.83 | 20.27 | 19.87 | 27.29 | 22.59 | 24.34 | 25.65 | 0.23 | 0.32 | 1.17 | 0.59 | 0.12 | 0.03 | 0.00 | 0.21 |
| Gross Profit | (28.05) | (29.41) | (17.93) | (19.13) | (13.80) | (20.36) | (19.84) | (19.47) | (23.07) | (20.61) | (21.53) | (23.92) | 1.64 | 0.07 | (0.30) | 0.18 | 0.24 | 0.29 | 0.14 | 2.37 |
| Research & Development | 4.34 | 6.71 | 12.08 | 14.95 | 20.12 | 33.31 | 28.24 | 23.94 | 41.54 | 58.97 | 53.85 | 44.85 | 86.57 | 109.87 | 102.60 | 97.41 | 62.34 | 51.83 | 41.52 | 35.59 |
| Selling, General & Admin | 28.56 | 25.55 | 26.80 | 27.97 | 31.85 | 30.55 | 29.70 | 33.98 | 33.93 | 27.88 | 30.84 | 42.22 | 51.44 | 50.37 | 47.30 | 46.11 | 44.70 | 37.01 | 39.90 | 49.86 |
| Total Operating Expenses | 36.88 | 36.18 | 42.86 | 47.03 | 56.14 | 68.08 | 62.11 | 62.26 | 78.72 | 90.55 | 92.74 | 90.35 | 141.20 | 163.48 | 153.01 | 145.74 | 109.96 | 91.69 | 81.42 | 85.45 |
| Operating Income | (64.93) | (65.59) | (60.79) | (66.17) | (69.94) | (88.45) | (81.95) | (81.73) | (101.79) | (111.16) | (114.26) | (114.27) | (139.57) | (163.41) | (153.31) | (145.56) | (109.72) | (91.39) | (81.28) | (83.08) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.23 | 3.22 | 3.22 | 3.22 | 3.21 | 3.21 | 3.29 | 3.16 | 2.47 | -- | -- |
| Pretax Income | (55.86) | (64.68) | (62.68) | (64.42) | (67.32) | (84.44) | (76.56) | (74.43) | (93.74) | (101.93) | (103.75) | (104.55) | (134.33) | (159.26) | (150.29) | (145.53) | (110.70) | (93.03) | (80.79) | (48.34) |
| Tax Provision | 0.03 | 0.03 | 0.04 | 0.00 | (0.04) | 0.05 | (0.14) | 0.11 | 0.03 | 0.08 | 0.24 | 0.05 | 0.03 | 0.13 | 0.53 | 0.02 | 0.02 | 0.03 | 0.01 | 0.03 |
| Net Income | (55.89) | (64.71) | (62.72) | (64.42) | (67.28) | (84.49) | (76.41) | (74.54) | (93.77) | (102.01) | (103.98) | (104.60) | (134.36) | (159.38) | (150.82) | (145.55) | (110.72) | (93.06) | (80.80) | (48.37) |
| Basic EPS | (0.50) | (0.81) | (0.50) | (1.09) | (1.47) | (2.38) | (6.62) | (2.66) | (4.36) | (0.25) | (0.18) | (0.28) | (0.46) | (0.57) | (0.55) | (0.55) | (0.43) | (0.36) | (0.32) | (0.19) |
| Diluted EPS | (0.50) | (0.81) | (0.50) | (1.09) | (1.47) | (2.38) | (6.62) | (2.66) | (4.36) | (0.25) | (0.18) | (0.28) | (0.46) | (0.57) | (0.55) | (0.55) | (0.43) | (0.36) | (0.32) | (0.32) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (50.17) | (53.50) | (52.47) | (56.30) | (55.45) | (75.92) | (81.03) | (79.31) | (79.13) | (113.23) | (95.31) | (91.50) | (125.32) | (136.07) | (131.24) | (96.04) | (86.91) | (66.05) | (65.13) | (52.16) |
| Capital Expenditures | 40.57 | 39.81 | 42.15 | 51.48 | 58.36 | 46.05 | 35.71 | 38.66 | 34.42 | 13.07 | 18.37 | 13.33 | 9.85 | 2.77 | 4.18 | 6.01 | 4.52 | 1.77 | 2.18 | 0.81 |
| Free Cash Flow* | (90.74) | (93.31) | (94.63) | (107.79) | (113.81) | (121.96) | (116.74) | (117.97) | (113.55) | (126.30) | (113.68) | (104.82) | (135.17) | (138.84) | (135.43) | (102.05) | (91.43) | (67.82) | (67.31) | (52.97) |
| Investing Cash Flow | (12.79) | 27.78 | 60.98 | (0.77) | 23.16 | 7.48 | 59.21 | 32.77 | 0.58 | 83.10 | 80.27 | (245.30) | (170.99) | 219.74 | 36.47 | 62.91 | (178.88) | (206.67) | (98.93) | (286.94) |
| Financing Cash Flow | 125.91 | 5.48 | 8.42 | 22.14 | 53.86 | 29.71 | 27.99 | 36.43 | 63.03 | 6.89 | (0.43) | 207.82 | 238.25 | 29.80 | 3.04 | 97.43 | (0.98) | 359.52 | (6.55) | 495.09 |
* Derived from reported values
