Virgin Galactic Holdings Inc. reported its first-quarter 2025 earnings with revenue of $461,000, surpassing estimates of $285,700. The company posted an earnings per share loss of $2.38, better than the expected loss of $2.55 per share. Despite the earnings beat, Virgin Galactic recorded a net loss of $84.5 million and anticipates a negative free cash flow between $105 million and $115 million for the second quarter. The company has $567 million in cash reserves but continues to burn over $100 million in free cash flow each quarter. Virgin Galactic plans to resume ticket sales for its space tourism flights in the first quarter of 2026, with the next spaceflight scheduled for summer 2026. The company also intends to increase prices for its space tourism offerings. Since its de-SPAC merger, Virgin Galactic's stock (NYSE: SPCE) has declined by approximately 98.24%, although shares rose 16% in after-hours trading following the earnings release. The most recent spaceflight, Galactic 07, took place on June 8, 2024.